.. Posted May 2, 2009 Author Report Share Posted May 2, 2009 Yup. Especially when the 7-11 Bank (not kidding) here in Japan charges Y210 (~B75) and this is a) in expensive Japan and at a bloody overpriced 7-11!!! Cheers, SD Link to comment Share on other sites More sharing options...
ThaiHome Posted May 4, 2009 Report Share Posted May 4, 2009 Interesting. I have not seen anything about this and I take 20k baht out of my US account regularly. Last time was a week ago on the 27th April. Only local limit is how many bills the ATM can dispense in one transaction. TH Link to comment Share on other sites More sharing options...
WorldFun Posted May 4, 2009 Report Share Posted May 4, 2009 Don't hold your breath the next 'step' on the new farang=atm extortion will be either: a) increase the atm fee from 150bt to 250bt (yeah the head hunted business consultant of the banks is the same guy who though up the nana disco entrance pricing strategy LOL) reduce the max amount per withdrawal from 30k to 2900k or so (yes that would mean minimum yield per transaction just below 10% net)!!! Link to comment Share on other sites More sharing options...
WorldFun Posted May 4, 2009 Report Share Posted May 4, 2009 oh wait ... c) farang owned local atm cards will ALSO be charged the 250bt fee even if only getting 100bt out! even if using card issuers machines!!! Link to comment Share on other sites More sharing options...
ThaiHome Posted May 6, 2009 Report Share Posted May 6, 2009 Personally I think your farang paranoia is getting out control. As I have pointed out, a Thai with a foreign bank account will pay the same fee. This is not about ripping off farangs, this is about banks charging a fee, on the high side it may be, for a transaction which costs them to do, for which they had been doing for free. TH Link to comment Share on other sites More sharing options...
WorldFun Posted May 6, 2009 Report Share Posted May 6, 2009 you seem to miss the core of the issue yet again which IS that no other countries banks charhe foreign atm cards - get it? Link to comment Share on other sites More sharing options...
Mentors Posted May 6, 2009 Report Share Posted May 6, 2009 Thai Banks Asked To Cut Foreigners Atm Transaction Fees from http://www.thaivisa.com/forum/Thai-Banks-Asked-Cut-Foreigners-At-t262510.html Link to comment Share on other sites More sharing options...
cavanami Posted May 6, 2009 Report Share Posted May 6, 2009 Personally I think your farang paranoia is getting out control. As I have pointed out, a Thai with a foreign bank account will pay the same fee. This is not about ripping off farangs, this is about banks charging a fee, on the high side it may be, for a transaction which costs them to do, for which they had been doing for free. TH ...and a Thai with a foreign bank account would pull money out of an ATM??? not likely. My guess, 99% of this fee will be paid by farang, no way a Thai is going to pay this!!! Link to comment Share on other sites More sharing options...
Mentors Posted May 6, 2009 Report Share Posted May 6, 2009 poll http://www.bangkokpost.com/poll/1308/aaaaaaaaaaaa Link to comment Share on other sites More sharing options...
iuytrede Posted May 6, 2009 Report Share Posted May 6, 2009 there other countries which charge a fee if u use a foreign ATM card Laos does it, Vietnam does it furthermore, most banks in my home-country will charge me if i use their ATM card abroad, typically 1-3%, and in addition to this they will add 1 or 2% to the exchange rate (in their favor) the lowest fee is charged by some no-frills thrifts: only 180 B per transaction oh, and BTW, in my home-country a bank will charge you for opening an account, for maintaining an account (about 5000 B/year), for closing an account (very expensive!), for depositing money (typically 250 , for withdrawing money at the counter, for withdrawing money at most ATMs, for transfers, ... oh, and in my country it is forbidden to get your salary in cash. Your employer is required to transfer it into your bank account. Of course, as i live near the border, I could just use a bank in the neighbour country. Unfortunately, banking fees there are much higher. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.