Is Super Rich currency exchange open at Suvarnabhumi Airport?

@Sean *****

get your facts right before you mislead people

@Rod ********************

my reply wasnt relevant but the fact isnt wrong

@Sean *****

wrong again.. I'm out

@Oliver ************

lol i was wondering if anybody else noticed how dumb that reply was

@Asia ******

it depends very much on what u are planning to do. If u just need cash for a holiday, sort out transaction fees with your bank and simply withdraw money here. If you need larger amounts to accounts in a different country use TransferWise or XE,com. But each place has nuances, and cash is almost always the losing way if bringing it into another nation

@Todd ********

i was planning on taking over 4k for a few months stay

@Rob ******

no need to bring the cash. Simply withdraw at local ATM. U will get good rates. And cost to take out 30k baht is 220 baht at all machines

@Todd ********

how is the exchange rate worked out when using an atm with your bank ?

[CORRECTED COMMENT]

Also, consider that you get the 200 baht fee for every ATM transaction so better to use Krungsri Bank (yellow bank) as it allows you to withdraw 30,000 baht max (machine limit) whereas, Bangkok Bank (blue bank) only allows you to withdraw 25,000 baht max (machine limit), and other banks I think have limits as low as 20,000 baht per withdrawal transaction.

@George ************

That isn't correct. The rate you get at an ATM will be the Master or Visa rate, even using an ATM card - the TT rate of the bank that owns the machine never comes into the picture. I've been getting pretty much all of my baht cash from ATMs for over five years using a Schwab debit card, and can confirm that the rate I get each time is exactly what is shown on the Visa website.

@Jeffrey ********

I recently switched to doing 30,000 baht withdrawals from Krungsri Bank ATM using my Schwab ATM card. Works fine. I used to use ACH transfer to Bangkok Bank's NY Branch but that went away due to a change in US government enforcement policies. I understand that Schwab Bank limits its maximum ATM withdrawal to $1,000. Have you been able to increase this limitation or to make counter withdrawals in Thailand using the Schwab ATM/Debit card greater than $1,000 (equivalent in Thai baht)? I have used TransferWise to bring over amounts in excess of $1,000, but the cost is greater than with using the Schwab card and ATM withdrawal.

@George ************

I've never asked Schwab to raise my daily limit, since it's never really been a big issue for me. The $1k limit meshes with the 30k baht ATM limit (at Krungsri, TMB, CIMB, and Citibank ATMs), so an increase would only let me make multiple pulls in one day, rather than getting more in one pull. That would be slightly more convenient than, for example, having to go to an ATM three days in a row if I need 90k baht, but that's not too big a deal for me (and the extra trips to the ATM at least get me out of the house :) ).

I've also never tried a counter withdrawal, though that seems more interesting if I could really get $3-5k at one shot with a single fee or no fee - I've just been too lazy and complacent to try, especially since my ATM fees are reimbursed anyway.

I have yet to try Transferwise, either, since - as you rightly note - it's more expensive than withdrawing from an ATM using a Schwab card. It does seem to have the advantage of being quick, and allowing moderately large transfers without having to undergo the telephone security interview that my credit union conducts every time I do a wire transfer - which is why I've only done SWIFT transfers for very large amounts (like my 800k extension deposit), where that's the best and cheapest way of getting the funds over here. Transferwise clearly has its uses, but a lot of people have been blinded by its shiny headline exchange rates - which you can never actually get, or even approach - into thinking that it's better than it really is.

@Jeffrey ********

You are quite right. Thanks for the correction! I have corrected and eliminated my earlier comments that indicated otherwise.

On this date, MasterCard is better by 0.15 tbh per USD. Assuming your bank doesn't charge any extra fee, like for example foreign transaction fees. Also, note that some financial institutions like Charles Schwab will reimburse fully the 200 baht ATM fee charged by Thai banks.

@Rob ******

MasterCard 1 usd = 31.67 thb

@Rob ******

Visa 1 USD = 31.1 THB

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@Rob ******

[CORRECTED COMMENT] either the MasterCard or Visa exchange rate is used depending on how your ATM card is branded. Both are good rates.