BanK ATM charges for foreign cards

[DeputyDavid]

Thats precisely how I was thinking about it.  BKK offers better deal than local transfer office in Thai Town, and clearly better than SWIFT through Chase bank.  For me BKK seems to be best way.  Thx Urleft.

[BillH52]

I have been very pleased using Schwab Bank;  easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.

[urleft]

I have been very pleased using Schwab Bank;  easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.

Does Schwab rebate the fees Bangkok bank charges? 

[BillH52]

I have been very pleased using Schwab Bank;  easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.

Does Schwab rebate the fees Bangkok bank charges? 

  Yes; all fees are rebated. 

[nookiebear]

Thats precisely how I was thinking about it.  BKK offers better deal than local transfer office in Thai Town, and clearly better than SWIFT through Chase bank.  For me BKK seems to be best way.  Thx Urleft.

Looks like you haven't learn't from being ripped off by the Thai family before..........is this the 3rd deposit you're sending over for the truck??

[dutchdog3000]

Just found out most thai banks are now charging 220 baht for atm withdrawals (from 6th jan 2017) this is getting crazy.... I have been told that some big banks do over the counter debit card withdrawals and don't charge the atm fee, Does anyone know of what thai bank in Buriram will do this?  I don't need to get my pension until next week so any help would be great, I currently use my Oz westapc debit card getting 20k baht but with Westpac charging $23 fee and $5 atm fee all these fees are costing about 2000 baht a month. I do get a good exchange rate (last week was 26.3 with xe.com showing 26.1 and Bangkok bank showing 25.6) but I would prefer to put that 2000baht into kids savings bank rather than for bank fees. cheers

[Adam]

I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.

Works for me.....

[dutchdog3000]

I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.

Works for me.....

thanks im checking that site out now, goods ex rates oz $ 26.6 and same as ozfx rate of 26.6 but ozfx has $15.00 fee etc, im trying to find out if they operate in Australia?? cheers

[dutchdog3000]

Looks great for UK residents but not for Aussies (I will tell a couple of my UK mates about this site) Does anyone here get a Aussie pension and gets it tranfered direct from centrelink to a thai bank account as that seems the best option for me so far. I do understand that centrelink does thru a fx company to transfer to Thailand but im still trying to find out wat fees/charges/rates they would use. cheers

[Freddy]

I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks

Just checked out Xendpay. Looks really good. Better rates than the company I've used previously so have just signed up. Thank you.

[iammike]

I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.

Works for me.....

Adam, may I ask how much does it cost to transfer money from the UK to Thailand ?

I transferred 9000 Euros last week and it cost me in total (incl Home Country bank and BBL Fee) 710 THB. Left my Home Country Bank 3pm (Thai time) and arrived in my account at BBL at 8:30am the next morning.

[Adam]

Initially when you sign up, you choose how much to pay (I tried paying less than recommended and the money took a few days to arrive), but if you use the service over a certain amount, they charge me 1%, but I am sending regular small amounts. If you are sending occasional large amounts, I am sure there are many cheaper ways. When I transfer now, if I time it right the money is in the Thai account the same day.

The rates they give are very good (ie if the pound is 44.00 they give 43.80). But it will not be for everyone. I was using my UK bank and sending money every month, but the charges just got too high.

As I say not for everyone.

[Adam]

So just put in on the website 9000 EUR, they are giving a rate of 37.6894.
They suggest paying 90 EUR, but the option is there for you to choose how much you want to pay (you could put 0).

9000 EUR = 339204.60 THB
you choose how much to pay. If you don't need the money immediately pay nothing!!

[iammike]

That "Pay what you want" idea is very interesting, but found this

*PWYW applies to transfers up to £2000 per annum or equivalent in your sending currency.

https://www.xendpay.com/how-it-works

[Freddy]

So if it's over £2000 presumably that means there is no fee or rather it is built into the exchange rate given??