How to withdraw money without commission in Thailand
Thai money – Thai baht in most cases you can get only while in the country. If you are traveling on your own for a long time or with a large amount, you definitely can’t do without a plastic card.
In this article we will tell you how to save 200-220 baht when withdrawing money from a plastic card in Phuket. 200-220 baht is the fee in most banks for foreign cards. In general, all this will be relevant in other, more or less large resorts in Thailand.
Commission when withdrawing money from a plastic card in Thailand
If your card was issued outside Thailand, here are the sums you’ll be charged: for conversion from ruble to baht (usually via intermediate currency of your card payment system: dollars or euros), for withdrawal of money at another bank/ ATM (you may get checked with the bank which issued the card) and 220 baht – a one-time fee set by the Thai Banks Association.
This item is designed to reduce your costs for the last component (the first two will always be charged to you). However, you should keep in mind that most ATMs dispense cash not more than 20,000 baht at a time. That is, if you need to withdraw 40,000 baht, the commission will be 400 baht, if 60,000, 600 baht, etc. But there are two ways around this.
Withdraw without commission at a bank branch
Go to any bank branch and ask for Cash Advance. This will be a commission-free withdrawal. But there is a nuance here – not all branches have such an opportunity, only the large ones.
For example in Phuket Town, on Phan Nga Road there is Siam Commercial Bank, but it is not possible to perform this operation there: you are sent either to the ATMs located at the entrance or to the main bank branch located within half an hour walking distance. On the island, many such branches are located in the capital (Phuket Town) and if you stay here, you will have no problem finding a major bank. Don’t forget to have your passport with you, as employees make a copy of it.
In addition, in recent years, some banks also began to take a commission for withdrawing money at the branch, but it is lower than at ATMs.
Withdraw baht without commission at AEON ATMs
Previously, until mid-February 2014, it was possible to withdraw money in Thailand without a fee at AEON Bank ATMs, but this is no longer the case. At the moment it is 150 baht for all types of foreign cards.
This is a fairly common network of ATMs, they are available in many resorts and in many cities in Thailand: Bangkok, Pattaya, Phuket, Samui.
In Phuket, the AEON branch (along with ATMs) is located in the shopping center of Phuket Town – Central Festival. It is located on the 2nd floor, in the Financial Center, together with the branches of other banks (there are no less than a dozen). By the way, this is the best place in Phuket Town, to exchange currency, as you can choose the best rate among all the banks presented there. Western Union transfers are also available here.
How to withdraw money in Thailand and where it is cheaper – my experience
Having accumulated the experience of several winters, withdrawing money from various ATMs / banks and from various cards, as well as finally figured out all the conversions, I am writing an article about withdrawing money in Thailand. Yes, and to be honest, too many misconceptions on the Internet about fees and how to save money on withdrawals. People don’t even get into the subject, and then say that one card is more profitable than another.
In this post, we’ll talk only about where to withdraw and how to withdraw. We’ll leave the choice of bank card for travel for another post, otherwise the article will become too long.
How to withdraw money in Thailand
You can withdraw cash from any card that works abroad. You only need a pin code (ATM) or a passport (bank) to do this. There are only 2 ways to withdraw money from a bank card in Thailand. I will tell you about each in detail.
- At an ATM
- At the bank
How to find an ATM
An ATM in Thailand is called an ATM and you have to ask the locals for an ATM (a.t.m.) and not something else. By the way, they are also signed everywhere as ATM. There are ATMs that are not ATMs, they will not suit you.
ATMs on the streets are open 24 hours a day, and those located in shopping malls naturally close with them. There is no problem to find an ATM in Thailand, they are almost everywhere. They are often located near the entrance of the 7-eleven.
Shopping malls are usually open from 8am to 10pm. The bank branches in them usually close around 7pm, but the ATMs are located with the terminals facing outward and are in no way dependent on the branch closing. Although there may be exceptions, in my case Aeon ATMs were cut off as soon as the bank started closing, I could barely get my card out.
What currency can be withdrawn from an ATM
Always an ATM gives you only BATS. It does not give out dollars, euros or rubles. You withdraw baht at once and do not need to change anything after withdrawal. You withdraw the money and go to the store with it. But if the store is large (Tesco, BigSi), then it’s better to pay by card, but about this below.
If you want to make things easier, then make out a card Tinkoff, open an account in baht and withdraw 1 to 1. The link will give you an extra bonus as a gift. Then you won’t have to worry about currency exchange rates at all. How I withdrew baht from my card.
If you need one or the other currency, then you will need to find an exchanger. With their search, too, there is no problem, they are both freestanding, and in every bank branch.
The only place in Thailand where you can withdraw dollars from the card is the transit area of Bangkok airport Suvarnabhumi (Duty Free Zone), there are currency ATMs (dollars, euros, pounds). I specifically checked when I flew out of Thailand. Yes, it is during departure that you will have access to these ATMs. During arrival, as you walk to passport control, I saw no such ATMs.
ATM exchange rate (IMPORTANT!)
An ATM does not exchange money for you, it only gives it out. All exchanges are made by your payment system (Mastercard or Visa) and your Russian bank. Therefore, it does not matter which ATM to withdraw money from.
However, there can still be an exchange if you agree to it. Some ATMs offer conversion at the rate of the Thai bank. On the display question appears – “Like, let’s convert, the rate is so-and-so, you want? If you saw it, you should refuse and choose not to convert! The exchange rate of the Thai bank is not profitable, and it is worse than your payment system. Here are my instructions for the withdrawal of money at specific Thai ATMs, see photos how it looks in reality.
If you accept, however, the card will not be charged at all what you expected. This mistake is often made by people who do not read what the ATM says, and then swear at the poor rates of exchange for certain cards.
Fees and maximum amount at the ATM
Thai ATMs always take their own fixed fee. It depends only on the Thai bank which owns the ATM. And it is the Thai bank that sets the amount of this fee. As a rule:
Visa, Mastercard and Maestro cards – 220 baht. Unionpay cards – 150 Baht. American Express cards – 50 Baht.
All ATMs have a limit on the maximum withdrawal amount of 20-30 thousand baht per transaction. One can withdraw maximum amounts at once for a month in advance so as not to pay the fee for several times. You should not withdraw small amounts of money as you will have to pay 220 baht extra for each transaction.
How to withdraw money in a Thai bank
They say that in some banks the commission is 180-220 Baht. As far as I know, it all depends on the bank/branch. I withdrew in the yellow bank Krungsri and Bangkok Bank, they had no commission but had a minimum amount to withdraw.
Go into the branch and say “cash advance” or “withdraw from credit card” in English. You can also take out a card and a passport and wave that they say I want to withdraw money from the card. The most important thing is not to forget your passport! The most important thing is not to forget your passport. You will not get anything at a bank without it; I have been caught several times and had to withdraw money from ATMs.
For 10 years I spent 16 hours a day making guidebooks for travelers. 1.5 years ago I was almost killed by a stroke. I survived, but am struggling with paralysis.
If my blog has helped you, I would appreciate a donation. You can pay with a card of 100 rubles, 500 rubles or 1000 rubles.
When withdrawing money often make a scan of your bank card, so that the paranoid may not like it, as well as the fact that not always ask for a pin code. Although the latter again often depends on your card settings.
Not all branches will serve you, sometimes Thais say they do not have a machine for the card and send it to an ATM … Sometimes they pretend they do not understand, or advise to go to another bank.
If ATMs are around the clock, the banks are mostly open from 8.30-15.30 Monday through Friday. In shopping malls longer, until 19-20.00, including weekends and holidays.
The bank will not allow you to withdraw a small amount, such as 2-3 thousand baht, say go to an ATM (but it is not necessary). The bank will allow you to withdraw a small amount of money from the ATM. There is no upper limit as such, in Siam Bank I was told that there is no limit. I have withdrawn a couple of times 60-80 thousand baht, did not check more. It is better to withdraw 100 thousand baht and pay only once than to insert the card 5 times to an ATM and pay the fee 5 times.
The most important thing you need to remember a few things.
- The ruble is not equal to the baht and there is no need to equate them. Conventionally, 1 baht = 2 rubles and you should “pray” that it’s not worse.
- Потери на снятии налички в банкомате/банке или при оплате картой в магазине будут в любом случае и по любой карте, так как происходит конвертация валют, зачастую два раза: Баты => Доллары => Рубли. И именно в таком порядке. Если карта долларовая, то скорей всего будет только одна конвертация: Баты =>Dollars. Each conversion may have its own fee, and the rates should check with your bank, not the Thai.
- In the store should pay with a card, if it is normal! Many Russian banks have their own fee for ATM withdrawal of money from a third-party bank (in this case the Thai), so it is more advantageous to pay with a card in the store, rather than withdraw cash and pay then with it. However, you can pay by card in Thailand only in large supermarkets (Tesco, BigC, Macro, Tops Market) and shopping malls.
In addition to the theory, I specifically checked whether there is a difference at which ATM/bank to withdraw money, having withdrawn the same amount on the same day with the same card. There is no difference. Unless, of course, you accept the Thai ATM conversion. Also analyzed and counted what the conversion rates are for in-store payments.
If you want to understand in more detail how to convert on a specific example, what the commission at Russian banks, there is a difference if you withdraw money from the dollar card, then read my post How to correctly translate baht to rubles. There I explained everything in detail.
Not superfluous would be to read my other post about a selection of cards for travel, including Thailand is also relevant.
Blocking of Russian cards
Thailand is in the risk zone, so Russian banks like to block their cards. Often encountered reviews about Sberbank and Alfa Bank, but myself only encountered blocking Alfa. The problem was solved with a call. If you have a large number of cards, you will need to have several.
Before you leave, call the bank and find out if you need to add your country of future stay to the exclusions. Also be sure to remember the code word to contact tech support and put money on skype/weber. If the card is blocked, you will need to call the bank in Russia. It is also desirable that your Russian sim is working in roaming, the bank may call you right in the transaction, and if you do not pick up the phone, they will block the transaction and the card (Alfa, hello). Learn more about how to make cheap calls to Russia from abroad.
Thai bank cards and Webmoney
If you are in Thailand for a long time, you can make a Thai bank card. Usually it’s a green bank Kasikorn, because others refuse to issue cards for tour visas. Actually, and a trip to Kasikorn can be unsuccessful. In this case, you should just try your luck at another branch. In general, more than once I met feedback that if you do not just want to open a card, but also put a certain amount of money (deposit), then the card will give almost any bank.
In addition to the fact that no one will not block your Thai card, they are also convenient in that they can be transferred to them from the Russian account and they will be stored there in baht, which saves you from frequent monitoring of exchange rates. Although the dollar in general is growing (and in Thailand too), so the dollar card is also a good choice now.
How to transfer a large amount of money from Russia to Thailand
Thai bank cards, or rather an account in a Thai bank, will come in handy for transferring a large amount from Russia to Thailand, for example, to buy an apartment. After all, it is not a cash transaction.
Only it is necessary to choose the right Russian bank to make the transfer with minimal commissions and at a good exchange rate, the losses are especially noticeable for large sums. For example, for such transfers, Alfabank is well suited, only there you should take the maximum tariff (tariff Maximum), which is 3000 rubles/month. In this case the commission for the transfer will be only 0.1%, conversion at the Central Bank rate and then at the rate of the Thai bank. It is possible to transfer a considerable sum in the Internet bank (for several approaches since there are limits), and then to switch to the cheaper tariff or to close the account in Alphabank at all.
You should remember that a transfer for your foreign account is possible only if you have a paper in your hands that you have notified the tax office about opening an account abroad. Otherwise the bank will refuse the transfer. The way out is not to transfer money to a foreign account, but to a third person, for example, your wife/husband.
Where to change money in Thailand
You can exchange currency in any exchange office, or at any bank office in a separate booth, which are often found in the resort areas. Exchange rates are different, but not much (well, for those who change not a lot of money). In airports the rate is a little worse than in the city. For large sums usually advise Superrichthailand, they are in Bangkok.
There is also a difference in how much to change. Usually there are always 3 rates: $1-$50, $50-$100 and from $100. Accordingly, the best rate is for amounts from $100.
P.S. The rest of the information about the rates of Russian banks, the choice of card, the scheme of conversion, in other articles.
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