Sawatdee Friends,
In reviewing the thread about recent postings on www.thaivisa.com . this one caught my eye (and indeed is catching my pocketbook) by the greed being shown by CitiBank and others in the exchange rates and fees being charged when using a CitiBank ATM card, bank cards... or credit cards in Thailand.
There must be better banks to do business with ....If you know of banks who have favorable fee structure for ATM or credit card usage when in Thailand, please share your recent experiences in response.
Thank you!
The thaivisa.com discussion thread follows:
ww.thaivisa.com/forum/index.php?showtopic=99987 .
Citibank Greed, Tripled fee
a recent poster stated:
I apologize to anyone who changed to Citibank because of my previous posts praising them. Prior to December there was no charge for international ATM transactions but there was a one percent foreign exchange fee. That fee has now gone from one percent to three percent. No where on their website does it say that. It still says one percent. They told me that I was notified via bank statement. I DON'T get bank statements because long ago I opted for wireless statements to save them money.
many replies follow his posting....I found the last one to be a possible answer to transfer of US Dollars to Bangkok Bank..at reasonable fees.
ww.thaivisa.com/forum/index.php?showtopic=99987&st=30 .
QUOTE(lopburi3 @ 2007-01-06 19:03:15)
The exchange rate is good for wire transfer. Check the Bangkok Bank rates and the TT is what you get when you send dollars and have the conversion take place in Thailand. If you have exchange take place outside of Thailand and send baht, yes, the exchange rate will be really bad.
I have my US bank make an electronic transfer, which I can originate on the Internet, to the Bangkok Bank branch in New York. As far as my bank is concerned, it's a domestic transfer since Bangkok Bank in NY has the transfer codes used by US banks.
It's available in my Bangkok Bank account in Pattaya usually within 24 hours. Very low charges. Exchange rates have been so bad and so volatile recently it's hard to tell how they compare with other methods. When things were more stable, the rates were the same as those currently available in Thailand.
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