Is it better to carry cash or use cards for travel in Thailand?

@Peter **********

yes. Peter it’s true. You will be amazed to learn the banks don’t offer this as a free to Pete. And as a long time shareholder I fully support them taking advantage of lack of financial literacy out there. There are many cards that can be advantageous to the user depending on lifestyle, spending patterns, travel etc. And it’s an extremely competitive arena to the factors are ever changing. Find the one that works for you. But very few people truly understand the dynamics and real cost of currency exchange

@Todd ********

, true dat

@Nick ******

generally speaking, yes, it’s true for all cards. It’s quite easy from a marketing perspective to claim ‘no fees’. Great for clients. But the way they recover it from their unsuspecting clients is to charge 2.5% in the exchange rate. So if you but $1000 worth of stuff their exchange rate is 2.5%, it actually costs you $25. And you never see it.

@Todd ********

barclays does same with a no fees international transfer, it works out more cost effective to use wise with a transfer fee as the rate is so much better.

@David ******

agree. Wise/XE or similar is ideal as long as you have a bank account in the next country

@Tom ******

I am in a village...no credit cards

@Bonnie ******

read it again. Nobody mentioned credit cards.

@Tom ******

Ok, whatever, I don't see all the farmers with smart phones.

@Bonnie ******

well if you think farmers are going to avoid digitization and carry on using legacy banking as they supposedly do now, this might tell you what the future is of retail banking. I hate to break this to you, but governments around the world don’t give a toss about farmers, old people or indeed anybody who’s not conversant with modern digital processes. It will be Darwinism on steroids. They’ll either have to get with the (digital) program or not. Governments don’t care either way. -bank-branches-in-southeast-asia-to-shut-over-next-decade?fbclid=IwAR0OIQqRDYuZ_xctO4qL5MMtwE9XYMoWP8TbNmmct-Ciz25BmitewwHac64

@Tom ******

I am not going to freak out about his, and I am hoarding cash.

@Bonnie ******

good luck with that. At least now you know, when you later look back and reflect, that you won’t be able to say you weren’t warned.

@Tom ******

Wth do you want me to do about it. You warn, but with what advice???

@Bonnie ******

get yourself through KYC on a Thai cryptocurrency exchange like BitKub.com. Then invest in cryptocurrencies and hedge your bets like any sensible person would. Other than that, the only advice I can give you is to DYOR. Good luck either way.

@William ******

if you haven't noticed yet, the electronic programmable US dollar is not block chain either. That way central banks can skim and cheat like they do now with total and complete impunity.

This is the end game to the world globalists agenda. Complete control of all the people by business and government in the world thru this electronic media.

@John **********

well said and it’s surprising how ignorant so many are of this and who resort to ad hominem attacks when it’s pointed out to them. I believe DLT will at least mitigate many of the risks of governments stealing your wealth and any others that are frictionless and trustless which can disintermediate any and all third parties intent on skimming off the top. My money’s on XRP & XLM.

@Tom ******

I'm trying to figure out to keep my independence while fighting off these radical power hungry, devil worshipping plutarchists

@John **********

yes, you need a plan to do that. I have a breakdown of my assets in the following way—30% in 4 properties—40% precious metals comprising physical gold and silver—and the rest is in cryptos (incl. relatively small amounts of cash).

@Tom ******

👍

@William ******

, Thereby giving the state complete control over you

@Gordon ******

don't forget businesses too, as they will have you sign your rights away in their Terms of service agreements

Agree, The Globalists have used the covid virus as an. excuse to push forward this cashless society onto us more quicker. Purely about control and United Nations Agenda 2030

@Gordon ******

biden signed an executive order while everyone is busy watching Ukraine to try to fast track it during his illegitimate presidency

@John **********

-Typical Democrats. Unbelievable news and the Media still lying and not telling the truth

@Gordon ******

nothing ever changes

@Tom ******

come to my local market and shops and try it lol

@Tom ******

lol, not even close. It's a big world.

@Todd ********

you can stick your head in the sand and pretend you’re an ostrich, but Thailand is already developing its own CBDC along with many other countries. I’ll give it one to two years max before they bring it in and where all government employees will be paid using that very CBDC. Eventually, they will remove all banknotes and outlaw cash in the country. Google it. This is a plan that’s been in the works for many decades.

@Tom ******

🤨Long way away for Thailand.

@Tom ******

lol, you can keep your head where all you can see is ascending colon. Wake up dreamer boy. Quit watching youtube and get a life

@Todd ********

yeah I’m a dreamer boy that just crashed into a wall of reality. Maybe you should do the same. -bank-branches-in-southeast-asia-to-shut-over-next-decade?fbclid=IwAR0OIQqRDYuZ_xctO4qL5MMtwE9XYMoWP8TbNmmct-Ciz25BmitewwHac64

@Brian *******

it helps a little but does not say what the fee from the bank who owns the ATM machine is. Wise explains what fees Wise will charge but not the ATM fee from the Thai bank is unless i am understanding incorrectly

@Luciano **********

i have a Wise debit card but I never use it for ATM withdrawals only paying for goods and services and I can top up whenever I need too I have heard that if you go into a bank and ask them you want to withdraw money on the card there is no fee from Thai bank but you have to show passport

@Brian *******

OK thank you.

@Jack *****

exchange rates for the withdrawals?

@David ******

for everything you pay for including withdrawals

@Jack *****

interested to see the exchange rates for transactions and withdrawals, I will try a transfer again next month and see what rate is and compare overall with wise, last time was better with wise, I did not try withdrawal with card here as I use k+ I would be surprised if rate was good otherwise people would just use arms to get money here and not transfers lol they only do things to make money, in reality nothing is free with a bank, they make money from it some how

@Brett *********

well, in all but maybe three ATM machines in all of the country you do not have a choice. You get Thai baht exchanged from whatever your home currency is, and it is bt1.2 less than changing cash at the same bank.

And I've not come across a single machine that forces you to take the exchange so not sure which ones youve been using

@Kool ******

it's at whatever visa or MasterCard rate is at when you take in local currency. If you accept the machines offer to convert then you get the worst rate

@David ******

generally very true. My bank 'plan' allows 5 free international transactions per month. Most banks have some sort of similar plan available

@Luciano **********

yes no ATM charges for Thai banking