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  1. #1
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    Foreign Card ATM Charges going up?

    Stickman today says there are reports that certain banks are upping the Bt150 "Foreign Service" charge for ATM withdrawals from Bt150 to Bt180. This is such a farking rip off considering they are already making money out of the FOREX.

    Anyway, he also says that AEON don't charge it and never have.

    So if anyone wants to save themselves Bt150 or 180 and give it a try, I'd be interested to hear if it's true.

    There is a link to AEON's ATM list here

    Funnily enough, if you ask for Cash Dispensers, they list only one. If you ask for Dispensers with Deposit facilities they list 9, and they're different.

    Thai logic at work.


  2. #2
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by harrybarracuda
    I'd be interested to hear if it's true.
    Yes it's true

  3. #3
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    but it is your bank in the foreign country that charges most, you cannot avoid that

    bastards; it used to be the best way to travel and get money, and not have to use those stupid travellers cheques

    actually, still is a safe way just more expensive

  4. #4
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    Quote Originally Posted by DrAndy View Post
    but it is your bank in the foreign country that charges most, you cannot avoid that

    bastards; it used to be the best way to travel and get money, and not have to use those stupid travellers cheques

    actually, still is a safe way just more expensive
    I think you missed the point.

    This has nothing to do with the fact that both the Thai bank, your bank and Visa/Mastercard are charging you for the privilege.

    This is Thailand adding their own special Farang rip off in a style that only they can muster.

    I'll make a point of taking Bt10K out of a couple of banks including AEON and see what the net cost is; perhaps they make up the difference by tinkering with the Exchange rate?

  5. #5
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    Quote Originally Posted by Thetyim View Post
    Quote Originally Posted by harrybarracuda
    I'd be interested to hear if it's true.
    Yes it's true
    it's true, but they ATM charge your bank a large amount for it instead, so your effective exchange rate might be lower eventually

    also not to use with a local Thai credit card, I think they charge some kind of crazy fees for THB withdrawal, maybe it has changed now

  6. #6
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    Quote Originally Posted by harrybarracuda
    perhaps they make up the difference by tinkering with the Exchange rate?
    yep, that's what happens

    my US bank reimburse all ATM fees, so you get the best rate and no ATM fees

  7. #7
    disturbance in the Turnip baldrick's Avatar
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    the problem I see is the max 25k per transaction

    it costs me 8 SGD + the 150 THB = 14 SGD to withdraw 1k SGD = 1.4%

    I would rather that I can withdraw 5k SGD in one hit and pop it into a local ATM account - though the Thai ATM cards attract 10-20 THB charges when you use them at an ATM outside the province where the branch is

    though I have been using ozforex to do bank to bank transfers from Sing to Thai - no charges at all if it is over 10k and the interbank charges are free in Sing with 24hours delay , and ozforex has an SCB account so it is free there also

  8. #8
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    Quote Originally Posted by harrybarracuda
    I think you missed the point.
    I do that, makes life interesting

  9. #9
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    Quote Originally Posted by harrybarracuda View Post
    I'll make a point of taking Bt10K out of a couple of banks including AEON and see what the net cost is; perhaps they make up the difference by tinkering with the Exchange rate?
    I can save you the trouble, having already done so myself.

    I withdrew ThB 13,000 from both SCB and Aeon within minutes, and the amount deducted from my UK account was less with the Aeon withdrawal. The ThB 150 saving is genuine.

  10. #10
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    If I ever use my UK card in Thailand, I always go into the bank with my passport, draw out a decent amount and the 150 fee is waivered.
    Just a thought.

  11. #11
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    Quote Originally Posted by Thormaturge View Post
    Quote Originally Posted by harrybarracuda View Post
    I'll make a point of taking Bt10K out of a couple of banks including AEON and see what the net cost is; perhaps they make up the difference by tinkering with the Exchange rate?
    I can save you the trouble, having already done so myself.

    I withdrew ThB 13,000 from both SCB and Aeon within minutes, and the amount deducted from my UK account was less with the Aeon withdrawal. The ThB 150 saving is genuine.

    you could buy a decent sized grilled fish for that!
    I have reported your post

  12. #12
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by harrybarracuda
    perhaps they make up the difference by tinkering with the Exchange rate?
    yep, that's what happens

    my US bank reimburse all ATM fees, so you get the best rate and no ATM fees
    That is not true. Aeon ATMs give as good or better rate than the Thai ATMs, and no fees. I have looked into this carefully.

  13. #13
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    so what's the catch ? how do they make money ? they must bill someone for the ATM facility, so who is paying if FX rates are better than the others and there is no ATM fees ?

  14. #14
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    Quote Originally Posted by Butterfly View Post
    so what's the catch ? how do they make money ? they must bill someone for the ATM facility, so who is paying if FX rates are better than the others and there is no ATM fees ?
    I don't know. They must make something on the FX spread. My US bank charges nothing for the transaction (no foreign transaction fee). Aeon charges no fee and the FX rate is good. That is all that matters to me.

  15. #15
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    Quote Originally Posted by Butterfly View Post
    so what's the catch ? how do they make money ? they must bill someone for the ATM facility, so who is paying if FX rates are better than the others and there is no ATM fees ?
    Perhaps they aren't as greedy as the rest?

  16. #16
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    Quote Originally Posted by DrAndy
    but it is your bank in the foreign country that charges most, you cannot avoid that
    From my HSBC terms & conditions:

    No HSBC ATM fees abroad
    Not only can you withdraw cash from over a million cash machines worldwide with HSBC Advance Visa Debit Card. What's more, overseas cash machine withdrawals made with your HSBC Advance Visa Debit Card do not incur ATM transaction fees from HSBC. Please note, a foreign transaction charge of 2.75% will still apply to any transaction you make abroad.

    The exchange rate that applies to any foreign currency debit card payments (including cash withdrawals) is the wholesale market rate used by VISA applying on the day the conversion is made plus our foreign exchange charge, which is currently 2.75% of the applicable VISA wholesale rate. We will make the conversion and deduct the payment from your account once we receive details of the payment from VISA, at the latest the next working day. Details of the current wholesale market rates can be obtained by calling us on 08457 404 404. Although we won't apply a transaction fee, some cash machine operators may apply a direct charge for withdrawals from their cash machines and this will be advised on screen at the time of withdrawal.

    So in my case it's 2.75% plus the 150 Baht local charge
    You, sir, are a God among men....
    Short Men, who aren't terribly bright....
    More like dwarves with learning disabilities....
    You are a God among Dwarves With Learning Disabilities.

  17. #17
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    Visa used to have terrible problems with countries where the exchange rates undulated, like Turkey. A tourist would spend some money at a particular rate, and then the banks would hang onto it for weeks or even months and submit it when at a significantly more advantageous rate (for them).

    Eventually it caused so much of a kerfuffle that they came up with this window to which the banks must adhere.

  18. #18
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    Quote Originally Posted by Gerbil
    So in my case it's 2.75% plus the 150 Baht local charge
    yeah, it used to be 1.5% and no local charges

  19. #19
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by Gerbil
    No HSBC ATM fees abroad
    don't make the mistake of using the ATMs at the HSBC at lumpini ( though it is now just commercial banking and I think the ATMs are gone).

    I did it before as I did not incur the 8 SGD charge and it allowed 40k at a time

    then I realised the exchange rates were very bad and I was better off taking the 8 SGD hit and getting 25k from bangkok bank ATMs

  20. #20
    I am in Jail
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    Quote Originally Posted by Gerbil
    So in my case it's 2.75% plus the 150 Baht local charge
    HSBC is the most greedy bank in the world, with very poor service

    it's all marketing and no show,

  21. #21
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    Quote Originally Posted by harrybarracuda View Post
    Quote Originally Posted by Butterfly View Post
    so what's the catch ? how do they make money ? they must bill someone for the ATM facility, so who is paying if FX rates are better than the others and there is no ATM fees ?
    Perhaps they aren't as greedy as the rest?
    AEON ? one of Thailand biggest loan shark bank, charging 500 THB a month service charge for the poor Thai who need to borrow 10,000 THB

    they must be making money out of somewhere for farangs service, can't see them offering such a nice service for free or without hidden fees

  22. #22
    Thailand Expat
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    Can you tell me why this only happens in Chiang Mai?

  23. #23
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    I only posted it here because it's where I mostly use ATMs.


  24. #24
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    Those southern ATM's taste different

  25. #25
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    Quote Originally Posted by charleyboy View Post
    If I ever use my UK card in Thailand, I always go into the bank with my passport, draw out a decent amount and the 150 fee is waivered.
    Just a thought.
    what bank did you do that at, I have never managed it as they always tell me to use the ATM, or say cannot do.

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