150 Baht ATM Fee FOR WHAT?

[rick]

One problem for those who do not go home much, is thar since the 'credit crunch' the banks are cutting the freebies, and you may not get notification in Thailand that new charges have been introduced. Check the websites.

Maithai 54, are you aware Nationwide introduced a 1% charge in july? Still probably the best one, but costs slowly going up.

Among other things, no interest on some bank accounts now. I will have to wait and see what i get from the Atm's next month, but what the exchange rates going up and down by up to 0.5 baht in a day, who knows?

[Tafia]

The yellow one outside Big C still does not charge me....

Ditto
They also have an ATM outside the 7/11 next to central bus station (yellow) for those in town. No Charge.

[maithai54]

are u charged the 150 baht ATMJ fee when u use ur UK Nationwide Bank Card ????

Not that I'm aware of Wazza. Other bank cards I use clearly show the 150bt charge on the statements.

Maithai 54, are you aware Nationwide introduced a 1% charge in july?

I wasn't aware of that rick. Oh well it's still a better rate than others.

[BobHelm]

Not that I'm aware of Wazza. Other bank cards I use clearly show the 150bt charge on the statements.

Bit puzzled exactly what you mean by that Maithai.
When I use an ATM that charges me the fee for withdrawing 10,000 baht.....
1. The ATM clearly says that it will charge me 150 baht if I proceed with the transaction....Do I want to - Yes/No required. If I say No I get my card back & no cash given. If I say Yes...
2. The transaction slip then shows a 10,000 cash withdrawal plus a fee of 150
3. The "sum withdrawn" shown on my UK Bank statement is shown as 10,150 and that sum is then withdrawn from my account once converted to GBP. (My UK bank do not charge me for foreign ATM transactions).

[maithai54]

Sorry what I meant to say was that the Nationwide does not charge me for foreign transations, other bank cards I have show a service fee. However as I've learnt above this may not be the case anymore.

[wazza]

2 Thai students living and studying overseas and both have their allowances paid into their respective Thai banks by their parents back in Thailand.

1 lives in Sydney and the other in New York.

They both use their Thai credit ./ debit cards to withdraw money from the ATMS at their university campus. Both are charged fees from the banks in Australia and US.

Whats the problem , Banks world wide do this, it just that the Thai banks have just implemented this, years after the rest of the world have being doing it .

[RLTrader]

I have never heard of a US bank charging $4.50 per transaction. The only time I have ever seen charges in the US is if you use bank A card at bank B. Then you could be charged one US dollar.

[jorg]

Whats the problem , Banks world wide do this, it just that the Thai banks have just implemented this, years after the rest of the world have being doing it .

The problem is that you get charged at both sides. If you pay a percentage on the side of your own bank than you even pay that percentage over the 150b charge (unless it is fixed to a maximum amount). And I wonder if European banks charge a foreign account extra at the ATM. Because in the Eurozone you normally don't have to pay anything to get your money from a ATM.

But there are bigger problems in the world .

[Mainer]

The yellow one outside Big C still does not charge me....

Ditto
They also have an ATM outside the 7/11 next to central bus station (yellow) for those in town. No Charge.

I tried both of these today as well as the pink gov't bank machine on Poshri Rd across from the Mitsubishi Dearlership. All showing me a 150 baht fee. It was good while it lasted.

[rick]

Was not aware that BANKS around the rest of the world are piling on withdrawal fees to anyone who uses there ATMs. But then I have not used many in the last 2 years. Sometimes non-bank ATMs have a charge, but as far as i am aware i can still go all across europe and not pay in country fees. But you do have to keep abreast of any changes by your issueing bank, have seen some on most cards.

Does the 150 baht charge apply to changing travellers cheques in Thailand? Because i can buy those fee free currently; so if no in bank charges in Thailand all i will loose is whatever the exchange rate is (should be within 0.5 baht of interbank rates).

[Kudjap or Bust]

Sorry what I meant to say was that the Nationwide does not charge me for foreign transations, other bank cards I have show a service fee. However as I've learnt above this may not be the case anymore.

I use a Nationwide card and I'm charged 150b on all ATM's except the nicely coloured pink Government Savings Bank. Luckily there's one in Kudjap, another I use is in the Mall near the bank branches

[Deacz9]

I went into the AEON, up past the Udon hospital which they tell me is not actually a bank and used their ATM inside. I withdrew 5k and the slip just said 5k no mention of fee. I asked the staff if I had been charged by their company, but even using my basic thai and pointing to words such as 'commission' in my phrasebook my questions were not really answered. One of the staff said there was a 150 charge and the other said not. The slip had no mention of a fee and my online statement from Nationwide Uk would not list it separately if I had been charged so there is no way of knowing?
There's a GSB bank (pink ATM) outside 7/11 near night market, anybody used that no fees?
I know I can walk in a bank and withdraw money over the counter with my debit card and passport but have never done so yet. Would there be a charge for doing this from the Thai bank being used, and how much could I withdraw daily? It might sound easy by going in and asking but I have little hair left after pulling it out trying to open a BKK account here

[BobHelm]

Well Mainer I used the yellow ATM outside Big C about an hour ago - no charge.
Deacz9 I have not used the ATM you specify but any & all ATMs that I have used that have charged a fee have made it VERY clear that they are doing so. To the extent that you have to positively agree to the charge before you get your money. The slip will also clearly show the 150 baht as a fee. So, in the case of 5,000 baht it will say...Cash withdrawal 5,000 Fee 150 baht Total 5,150.
Assuming Nationwide show the sum withdrawn in Thai Baht as well as GBP (HSBC do) then the amount withdrawn will show as 5,150.
While I am not especially happy that Thai banks have introduced this charge no one can accuse them of trying to hide it from customers. It is made VERY clear at time of cash withdraw & the offer not to proceed is given then...

[wazza]

Bob

Is there any chance that these ATMs are all programmed as individuals and not as a group, that would seem abnormal, but 1 banks ATM's at Big C are processing differently to say their ATM's at Tesco or other branches etc....

[BobHelm]

I'm not sure wazza... I noticed that they had a 'yellow' one at Carrefour today (but had already hit the Big C one so did not try it).
The one at Big C is a real antique looking one as far as ATMs go - it should be in an ATM museum rather than on the wall I did wonder if it was that it was so old that they just could not change the program to add a fee, but other people do say that they are charged there.
I am using a debit card (rather than a credit card) so maybe that is an added complication to the poor dear, sweet machine
Long may it stay there and be friendly to me...

[wazza]

I do think the "debit" card issue may also impact on this issue.

Something that some posters are not identifying .....

[Tafia]

I tried both of these today as well as the pink gov't bank machine on Poshri Rd across from the Mitsubishi Dearlership. All showing me a 150 baht fee.It was good while it lasted.

I used the one at 7/11 (near central bus station) last night 1/11/09 used Nationwide Debit card (Visa) No Charge.

[Tafia]

I do think the "debit" card issue may also impact on this issue.

Something that some posters are not identifying .....

I think you may have something here, it could have something to do with which bank (Home) & whether CIRRUS or Visa card something I havent tested despite having both types of card.

[RLTrader]

Well to me a ATM card is a debit card (money is gone from your acct when used) and a credit card is a credit card (its a loan and you start to pay interest). I don’t use credit cards for loans at 8% to 30%, so have no idea if there is a 150 baht charge on top of the interest charge. So when someone says that they used an ATM, I assume they mean with a debit card.

I would think that the ATM machines software is updated over the network, but this is Thailand. So when this all started, at a bank of machines, I went to each one, til I found one Bank that had not updated their machines, I think the K Bank was the last. Prior to this Siam (purple) was charging me 20 baht, and they didn’t ask, so I stopped using them over a year ago, I think.

[Mainer]

Well to me a ATM card is a debit card (money is gone from your acct when used).

(Some text removed.) Yes, 'some' ATM cards are debit cards, but only if they have VISA or Master Card, or other such logo.

So when someone says that they used an ATM, I assume they mean with a debit card.

(Some text removed.) My ATM card is strictly an ATM card. Therefore no 1% or 2% fee in America.

I hope this helps.