Can you withdraw cash from a Thai bank using a foreign debit or credit card?

@James *******

it's strange that they provide the exact same service as an ATM but without a fee. Makes no sense at all.

@Bart *************

the daily limit on most card is at ATM …. Not going far is it 🥴

@James *******

not far? 🤣 Are you confusing the baht with the kyat perhaps? There are many days I'm not walking with 20k baht in my pockets.

@Bart *************

you might do best to actually read my previous posts ….. the one where I talk about paying new suppliers etc 🤦🏻‍♂️

@James *******

oh yes then it's not getting you far indeed.

But you are doing business to business deals with cash? Little surprised about that.

@Bart *************

you’ve never dealt with tribal people have you …..

@James *******

ah right.

@David ******

I do NEVER chose "dynamic currency conversion" at an ATM. I would be stupid to do so

@David ******

you ignore the fact that Europeans get better conditions than U.S. Americans. In America, you get ripped off by doctors and banks. In Europe, they got health insurance for everybody and good conditions for banking. If you are from the U.K., you might get similarily screwed. Barclays? Yes, it used to be free for foreign withdrawals and I think for EU-members, it still is

Drawing Thai Baht at an ATM using your credit card gives you the daily FT rate, and that's a really good rate. If your card-issuing bank doesn't charge any commission for using the card abroad, it means you will withdraw Thai Baht for a really good exchange rate

The bank that operates the ATM will charge a flat 220.- THB fee for each withdrawal. That’s why you should withdraw a high amount

At most ATMs you can draw 20.000.- THB in one swoop. At the yellow Krungsri Bank ATM you can get 30.000.- THB with one draw.

You shouldn't withdraw 2000.- THB or 5000.- THB from the ATM. In this case. the 220.- THB fee would hurt!

CAUTION is advised at an ATM: if the ATM offers to show you the exchange rate in your currency on the monitor (dynamic currency conversion), you should ALWAYS decline! You will lose a lot of money if you agree to the “conversion”!

You will never see the exchange rate applied when using the normal withdrawal method. You will be able to check the rate later in your account statements. However, I can rest assure you that the credit card provider rate is a very good rate!

One of the advantages of a credit card is: You don't have to take a lot cash with you.

The disadvantage of a credit card however is: If you lose it, or make a mistake at the ATM and the ATM eats your card, you will be left standing in the rain

On the southern islands the exchange rate is always pretty poor. On the islands I recommend you exchange over a bank counter. Always compare between the bank rate and the rate offered by private moneychangers in the streets

The exchange rate over across a bank counter is rather mediocre, but in the south and on the islands, it is usually the better choice.

Using your credit card or debit card for a change across a bank counter saves you the 220.- THB fee that would otherwise be charged at the ATM. However, the rate is rather poor and you could be charged for using the card, because the process either could be equivalent to making a purchase, and depending on the card conditions, you might be charged a commission by the issuing bank

Exchanging cash in the “Floor B” Airport basement right after arriving at the Suvarnabhumi BKK airport is a perfect choice for all travellers. You will get an excellent exchange rate with each of the three money changers at the platform of the “Airport Rail Link”. WARNING: do never exchange in the upper airport levels

Don’t forget: exchanging cash at private money changers will not get you any better rate than withdrawing at an ATM with your credit card.

With the exception of a marginally better rate at the green and orange Superrich booths in Bangkok and the yellow/black TT-Exchange booths in Pattaya, your credit card is the perfect choice

@David ******

you are OFF-TOPIC. I use WISE as well to transfer money from my home bank account to my Thai bank account. However this is NOT the topic here. It clearly helps if you are fit in reading

@David ******

so what’s the consensus? I’m getting lost…

If you use a credit card it is a cash advance with inflated interest charges, even if you immediately pay it off, as told to me by CC company prearrival to Thailand. Has someone definitively given a bank that does the transaction at $0 fee? I saw some say Krungthai, were you able to confirm that? Would be some good info.

And I love how people come on here to prove how smart they are and ALWAYS gloss over the dam question. Happened to me the other day and it was so bad, just deleted the stupid post. 🤦🏻‍♂️

@Eric *****

my VISACARD is not a "cash advance", as my VISA account is always in the plus, I hold over 15.000.- USD in it all the time, earning interest! My credit card account NEVER is in the minus . . . . . . It's like I told

@David ******

before = if you fall for a credit card with such ridiculous conditions, you gotta pay your dues dearly

@Nongnuch *******

so it’s more like a debit card? I just know I hoped to do the cash advance with a CC and immediately pay it off, and was told I would still pay more overall than the ATM fee was here. If there’s a better way, I’d love to know, I’m all for it.

@David ******

I have a Jet Blue and Wyndham card from Barklay’s and I have 0% offers in my email right now. Might have to look in to that. Without the promo offer of 0%, the fees would have been higher right?

@David ******

both my DKB Debit Credit Card and my DKB VISACARD Credit card are free of charges for withdrawals in Asia. It's been like that for 18 years. Until 6 years ago the DKB even reimbursed the 220.- Baht ATM fee (like SCHWAB USA is still offering for U.S. Schwab credit card holders). I got a SANTANDER Mastercard as they kept reimbursing the ATM fee until 3 years ago. I don't use the Santander card any more

@David ******

cheers for the info Dave, never know when I might need it.

@Bart *************

Which bank do you work at?

@Bart *************

it's a cash advance. It's a standard thing and it is possible.

@Ivan ***********

it may be possible that what you guys are doing is an international payment, for which the bank incurs a 3% fee which they'll trivially not pay out of their own pockets, and on your end you're paying a conversion fee to visa or Mastercard which also is far from negligible. Think of 3% as well. That could be it. Bank employees from banks that are not your own accessing your account? In a different country? In a different world part. Come on, guys. No. Just no.

@Ivan ***********

it's not possible to withdraw cash from a bank with just your passport and a bank card. These employees are not authorized to even know that you have an account elsewhere, let alone take money from it. That should be trivial.

@David ******

maybe you need to go back to sleep yourself because you just confirmed that the transaction uses the same method as a point of sale ($$$!). And you think you have been saving money 🤣

@Ba**

there's no fee from the Thai side with this method. You still pay your home bank fee, but some cards are zero for this if you have the right one. Plus visa/MC currency spread but that is under 1%.

@David ******

thanks that’s excellent. I thought they might be using their crappy ATM conversion. I fear accidentally hitting yes when i am not concentrating.

@B**

plenty of people don't need to show immigration money in a Thai bank. It's useful otherwise if you live here though.

@Iain ********

I have a feeling all banks will soon as it's a method to dodge taxes.

@Graham ******

I did not know that. It's also extra work and a loss of 220 baht revenue for the bank so I think all will eventually for 3 reasons.

@David ******

staff would spend time serving someone making an international withdrawal when they could be serving customers that make money for the bank. And if too many people were making international withdrawals they might have to.take on extra staff.

Some UK atms decline many Thai atm cards. UK ATMs can charge fees for cards issued outside the UK and EEA and some operators do.

In Thailand, some ATMs charge Thai cards issued in other provinces a fee between 10, 20 or 30 baht charge.

@Iain ********

the tax dodging comment is illogical fantasy haha. They still swipe the card and copy your passport. Its just more practical if you need more than 30k and you skip the 220 baht atm fee

@Tore ********

I didn't say anything about tax dodging. Kasikorn don't copy a passport as they say use their atm which doesn't copy a passport and gives them the 220 baht fee they want.

@Iain ********

I know you didn’t, I was referring to what Graham said

@Graham ******

lol, why would you think its to dodge taxes lol 😆 ? You still use a card that they swipe there and you need to bring passport. Literally no difference from using atm tax wise.

@Tore ********

Becuse the knucklehead have not got that far yet.

@Graham ******

it's no different from using an ATM, it has nothing to do with taxes.