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My Veteran's Disability and Social Security are both done by direct deposit to Bangkok Bank, NY branch. Available for withdrawal and transfer from the D.D. account to joint acct I have with my wife after 12:30 the next day. No transfer fees.

That's fine, but you are stuck with the transfer rate that your government entity applies which you have no control over.

I prefer to draw my money by visa debit card from my own Australian bank. I also do halfof my spending on my Australian Visa credit card & pay the credit card bill by internet banking within my own bank. I believe that gives me the best deal.

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SCB charged 180bt for Mastercard on Saturday, Krungthai ATM, I think, charged 180bt for Mastercard on Sunday, but TMB ATM only charged 150bt for it today -Monday......No Aeon ATM in Nakhon Phanom. Please complain to Aeon on my behalfwink.png !

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My Veteran's Disability and Social Security are both done by direct deposit to Bangkok Bank, NY branch. Available for withdrawal and transfer from the D.D. account to joint acct I have with my wife after 12:30 the next day. No transfer fees.

That's fine, but you are stuck with the transfer rate that your government entity applies which you have no control over.

I prefer to draw my money by visa debit card from my own Australian bank. I also do halfof my spending on my Australian Visa credit card & pay the credit card bill by internet banking within my own bank. I believe that gives me the best deal.



No... transfers done thru BKK Bank's New York branch are exchanged into baht by the bank in Thailand at the normal T/T rate... not in the U.S. or by any government entity there.

It's a very economical system, despite the small handling fee the New York branch charges and the 0.25% commission the bank charges here in Thailand much more economical than the typical international wire transfer.

PS - from what I've seen, most Australian credit cards seem to have a sizable foreign currency surcharge on transactions made abroad. How about your card???

Edited by TallGuyJohninBKK
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SCB charged 180bt for Mastercard on Saturday, Krungthai ATM, I think, charged 180bt for Mastercard on Sunday, but TMB ATM only charged 150bt for it today -Monday......No Aeon ATM in Nakhon Phanom. Please complain to Aeon on my behalfwink.png !

When the Thai Bankers' Assn. first concocted the 150 baht fee on foreign card ATM withdrawals, several of the bigger Thai banks implemented it right away. But some of the others straggled a bit... And a couple took many months -- Government Savings Bank and UOB as best as I recall -- before they finally implemented the same fee. Presumably because they couldn't reprogram their ATMs or make other changes as rapidly as some of their peers.

So if this latest development is the same kind of fee rejiggering across the various Thai banks, it may well be once again that some are going to take longer than others to pass along the increase from 150 baht to 180 baht for foreign MasterCard withdrawals.

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Check balance before & after drawing at AEON. I am finding and extra 150 +/- a few baht deducted, compared to the amount drawn.

Bangkok Bank has only charged me 50 baht on ATM draws from HSBC HK recently.

EDIT - BKK bank 50 baht on UnionPay Card (as mentioned by previous posters)

Edited by DekDaeng
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Basically I would never use an ATM to withdraw cash from overseas because of the charges and the exchange rates. I transfer the cash from time to time and use only my local ATM card to get cash

My method also. I do a SWIFT transfer from my UK bank every 1 year or more. I thus use BKK bank for all cash requirements. Using foreign cards in any Thai ATM's is definitely a no-no.

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Still waiting for a photographic evidence , either a ATM slip, or extract from online banking page, showing the 150 or 180 THB charged by AEON for use of a Foreign ATM / Debit Card

Until then AEON, IMHO, remains free from the Thai Bankers Association fee

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With these increases ... a 12 to 15% shortfall in currency exchange (British pound) in the last 6 months and inflation - possible another 5/6% .. is Thailand finally losing it's attractioness ....

Add dirty, polluted beaches ... Hua Hin for example ... maybe time to rethink ...

attractioness...!?

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Still waiting for a photographic evidence , either a ATM slip, or extract from online banking page, showing the 150 or 180 THB charged by AEON for use of a Foreign ATM / Debit Card

Until then AEON, IMHO, remains free from the Thai Bankers Association fee

As I mentioned above, I did AEON ATM withdrawals on May 23 and 24 using two different U.S. VISA debit cards, and the amounts deducted were exactly the amount I withdrew -- nothing else added/deducted.

The AEON ATM receipts for those withdrawals listed exactly the amounts I withdrew, and had no other amounts listed. Thus those withdrawals were fee-free, as they've always been.

If anyone has made more recent AEON ATM withdrawals, it'd be good to hear the outcome.

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Basically I would never use an ATM to withdraw cash from overseas because of the charges and the exchange rates. I transfer the cash from time to time and use only my local ATM card to get cash

My method also. I do a SWIFT transfer from my UK bank every 1 year or more. I thus use BKK bank for all cash requirements. Using foreign cards in any Thai ATM's is definitely a no-no.

That's perhaps because most UK banks have pretty sizable foreign currency fees on foreign ATM withdrawals. And then, the Thai banks pile on by adding $5 extra fee for VISA cards and now $6 extra for MasterCards.

However, there are some UK banks and building societies, a few, that don't charge their customers foreign currency fees when using their cards abroad. Last time I checked, for example, Metro Bank had a current account debit card with no foreign currency charges when used for foreign ATM withdrawals, and several of the building societies did also.

From Metro Bank:

If you use your card abroad, foreign currency transactions will be converted into sterling on the day it is paid out of your account – the exchange rate is set by MasterCard®**. Metro Bank will not add any additional charges.

Combine a card like Metro's with no-fee AEON ATM withdrawals in Thailand, and you're good to go. Really, foreign currency fees are a problem that's entirely possible to avoid, even for UK folks.

But if you're not careful about how you choose your bank cards, The Guardian detailed in this December 2011 report what can result:

The OFT [Office of Fair Trading] found that once abroad, holidaymakers are paying as much as 6% to withdraw money from cash machines, and ordered the banks to reveal to consumers the true amount they are charged.

It said: "We found that the cumulative nature of foreign use charges is often not well understood by consumers. A number of card providers do not break out and show the exchange rate fee on statements. Our consumer research suggests that the majority of consumers are unclear about the charges that may apply." Many of the charges were buried in the small print of bank statements, sometimes in separate documents.

Lloyds, HSBC, Co-op, Capital One, RBS/Natwest and American Express have agreed to display the actual charges incurred by customers far more clearly on their monthly and annual statements.

All major card providers will be required to break out and show in pounds and pence the amount of the exchange rate fee on monthly statements, and an annual statement, again in pounds and pence, which will show the total foreign use charges applied over the year.

..............................

In total, British holidaymakers spend £27bn while abroad. Seven out of 10 change money before they go, while one in five use debit or credit cards in foreign ATMs.

Stevan Litobac, technical director at MyTravelMoney.co.uk, said: "Currency providers are abusing the trust customers place in their brands and are giving the false impression that '0% commission' means they make no money from the transaction. What is really happening is that most customers are paying over 10% more than they need to for their travel money, which goes straight into the provider's pocket. It's an opaque and confusing market.

"The worst culprits are airport bureaus, which offer terrible rates, building in margins of up to 15%."

http://www.guardian.co.uk/business/2011/dec/20/foreign-currency-debit-card-charges-scrapped

Edited by TallGuyJohninBKK
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Ref: Metro bank: I did look at this in the past. You need to give a UK address, with proof that you live there. This would be difficult for me, as I have resided in Thailand for more than 10 years. Good for those to consider who are shortly moving to Thailand and leaving family or good friends at the same address.

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I do the annual 800K top up thingy and live off that - no worries!

BUT - I'm sure the time will come when I can't just freely insert my Kasikornbank ATM card into the nearest machine, no matter whose bank, and withdraw cash. Most anywhere else in the western world a fee is charged if you use a competitors ATM machine.

Edited by bdenner
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TallGuyJohninBKK, on 28 May 2013 - 08:08, said:

Langsuan Man, on 28 May 2013 - 07:03, said:

Still waiting for a photographic evidence , either a ATM slip, or extract from online banking page, showing the 150 or 180 THB charged by AEON for use of a Foreign ATM / Debit Card

Until then AEON, IMHO, remains free from the Thai Bankers Association fee

As I mentioned above, I did AEON ATM withdrawals on May 23 and 24 using two different U.S. VISA debit cards, and the amounts deducted were exactly the amount I withdrew -- nothing else added/deducted.

The AEON ATM receipts for those withdrawals listed exactly the amounts I withdrew, and had no other amounts listed. Thus those withdrawals were fee-free, as they've always been.

If anyone has made more recent AEON ATM withdrawals, it'd be good to hear the outcome.

I did an AEON ATM withdrawal today at 2pm using a no foreign transaction fee Visa debit card...withdrew 29000 baht...charge that hit my U.S. bank account was $970.78 which equates to an exchange rate of 29.87. I just check the Visa exchange rate webpage and today's exchange rate is 29.87. So, no additional charge was applied.

I expect some folks who are using AEON ATMs are using debit cards which have a foreign transaction fee...a fee applied by the bank issuing the card...and therefore think AEON is applying a charge when it fact it the bank that issued them their card.

Summary: no AEON ATM fee applied to my AEON ATM withdrawal a few hours ago or the withdrawals I made over the last week.

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