Thread: ANZ Bank now in Bangkok

Spotted this sign today on Silom, I have my Visa cards with ANZ. I wonder if this branch is any use to us Aussies that deal with this bank back home.

What do you Reckon ?

Nope. They will be a completely separate entity and will entice you to open a local account (with proof of residence as per the new laws in Thailand).

^what he said, ANZ have been in Lao for years, it would be handy if you could link your anz Lao account with your aussie ones but you cant, even there internet banking is shite.

Same with all of them I think - citibank, hsbc etc. This 'world's local bank' stuff is a fairy tale.

Originally Posted by beerlaodrinker

What he said, ANZ have been in Lao for years, it would be handy if you could link your anz Lao account with your aussie ones but you cant.

Oh well that is shite then innit.

Why name it ANZ ?

Mose well call it " The Teakdoor Punting Club ".

will I still have to pay $18 to transfer funds from my ANZ account in au?

^

You use AUforex don't you ?

I follow it by the way, always the best rate.

I still walk my money in but will use Forex if ever needed.

Terry ANZ were in Cambodia at least 10 year ago when I first went there.very nice Shop with 3 ATM's behind Glass sliding doors on the Main street.

I'm with them in Australia and have been told there run from India now! and I can't keep up with there forever changing there Staff in Oz! they keep disappearing!

^
I do not bank with them, I only have my two credit cards with them. Long term now.

I always go to their office in Fremantle when home to report my cards for my onwards travel.

Long term staff here who have been brilliant to deal with every-time.

No complaints at all with this Bank. In fact they save me a nice wedge of money on my Travel Insurance by using their Platinum card.

6 months free Travel Insurance, works in perfectly with my Bi-annual trip back.

True there great for a Home Loan or 3! and I have the Platinum cards but talk to them regards Self Funded Super and they show You the Door!

I once went to see them regards Financial Advise and they tried to sell me Life Insurance only! funny that?

Originally Posted by terry57

You use AUforex don't you ?

yeah. I go from ANZ to ozforex.com.au, make a trade to THB then ship to my BKK bank account, no fees and very good rate. Would be nice if the banks could offer the same deal.

Ever notice the Aussie Telstra (Aussie telecom Co) logo on finance institutions...often wondered?

The Thai banking system is a blatant cartel- foreign banks just plain cannot compete in this rigged system. Even HSBC packed it in here. Perhaps, one day, it will change (for the betterment of Thailand)- but I'm not holding my breath. ANZ is here as part of it's 'pan-Asia' strategy, but they know full well it will only make a loss until such time as the system changes. Perhaps they are taking a long term bet that Asean will gradually grind these cartels down. As someone who has witnessed this country deteriorate from the top of Asean to the very bottom within a decade, entirely through it's own 'efforts', I must add the obligatory warning. TiT.

Originally Posted by sabang

The Thai banking system is a blatant cartel-

All banks are. Thailand give you a better deal here. For example net banking is instant, they don't hold it overnight to scrape fractions of pennies in interest. XE rates are also much, much better than back home, fees are lower, etc.

Some of the Lao banks here have been offering spectacular interest on fixed deposit terms in kip, up to 16% I read yesterday that the government has told them to bring it into line with the rest of the world by August, punters will be lucky to get 3.5% then

Originally Posted by sabang

I must add the obligatory warning. TiT.

May I ask what you are warning us about ?

Originally Posted by cyrille

hsbc

\Upon arriving in Thailand a number of years ago I tried to open an account with HSBC but they would only 'assist' me with sending the completed forms to Guernsey.
They had no interest then in opening personal accounts.
A couple of years ago I was informed that HSBC would no longer carry accounts for individuals even residing in Thailand -

Originally Posted by Happy As Larry

Originally Posted by cyrille

hsbc

\Upon arriving in Thailand a number of years ago I tried to open an account with HSBC but they would only 'assist' me with sending the completed forms to Guernsey.
They had no interest then in opening personal accounts.
A couple of years ago I was informed that HSBC would no longer carry accounts for individuals even residing in Thailand -

I had an HSBC account set up in Aussie dollars in Manila in 96, that's what I was paid in at that time, never had a problem with them, have some mates working in Lao and residing in Bangkok that found it easier to fly to hong kong to set up dollar accounts with HSBC in order to purchase there condos, sounds like a lot of fucking around to me, seems to have worked for them though

Originally Posted by Happy As Larry

Originally Posted by cyrille

hsbc

\Upon arriving in Thailand a number of years ago I tried to open an account with HSBC but they would only 'assist' me with sending the completed forms to Guernsey.
They had no interest then in opening personal accounts.
A couple of years ago I was informed that HSBC would no longer carry accounts for individuals even residing in Thailand -

Ten years ago in the Middle East they pretty much decided to stop bothering with account holders with less than half a million dollars or so as they were making money hand over fist.

I already had an account with them and their sloth, disinterest and general snottiness was unbelievable.

I wasn't at all surprised when it was revealed they had been involved in all sorts of naughtiness, especially in the U.S., and have had to slash jobs and pay eye watering fines. Som num naa.

C***s.