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Home » Reader question » Reader question: Why can you only withdraw 10.000 baht at a time in Thailand?
Dear readers,
I have been celebrating my holidays in Thailand for many years and I have been using cash machines or ATM for many years. All those years I could withdraw 20.000 baht, but last year the limit was 10.000 baht. Does anyone know why this is?
I know that every time you pay an amount is charged. Does it have to do with that? I like to pin a large amount of 20.000 so that I don't have to pin again every 3 or 4 days.
I'd love to hear feedback from people who know.
Regards,
Stephan
Yesterday at kasikornthai bank (bright green color) ATM 20000 bath, enter the withdrawal amount yourself. No problem.
exactly correct, always fill in yourself and then you still get 20.000 Baht!
You can think of a number of reasons for this.
1 The bank in the Netherlands has adjusted your limit.
2 The ATMs have to be refilled too often, because the Thai themselves usually withdraw smaller amounts.
3 In view of the commission, it is attractive to have people use their debit cards often, so lower amounts at the most.
4 I haven't figured it out yet.
Just pick one.
Dear Ruud, to prevent crime, many banks in Europe have introduced a limit, which can be lifted in a personal conversation with the bank. However, this has nothing to do with the limit regulation that many Thai banks have at their ATMs. It also has nothing to do with the possibility of refilling the ATMs more often. Only the 3rd possibility, that they like, that people withdraw money more often, and the bank thus earns more, is the only reason.
I have never always been able to pin 20.000 Baht. Always for a maximum of € 500.-.
Depending on the exchange rate, and surcharges of the Thai bank (I think 200 baht now) and the Dutch bank (ING 2.25 euros I believe), and whether or not you opt for conversion (choose NO), I can then calculate how much Baht I can record. At the current exchange rate, it should be rounded up to 19.000 baht.
I think it has to do with your pin limit in Euros. In any case, you should be able to find it in the contract you have with your bank and the conditions that apply to it.
I sometimes hear stories that some banks in Thailand have a limit of 10.000, but I have never experienced that. Yes, once, but then I got all 500 bills so I guess it was almost empty then.
Stephan is right, not so long ago you could withdraw up to 20.000 Bath at almost every ATM in Thailand. However, most ATMs now have a limit of 10.000 Bath, and both amounts initially have nothing to do with the limit of the home bank in Europe. The limit that the home bank prescribes is usually a daily / or weekly limit, which serves to prevent fraud . This limit can be temporarily increased at will in a personal conversation with his home bank, depending on the bank balance. In principle, Stephan's question was only about why most banks in Thailand have a limit of 10.000 Bath at their ATM. Even if he has a daily limit of 1000 Euro from his home bank, he will not receive more than 10.000 Bath with a one-time transaction. There are a few banks, including the Thanachart Bank, that deviate from this, and these are to be enjoyed with caution because of their usually worse rate, so that only more frequent withdrawals, with 200Bath costs left each time.
As indicated earlier, I still pin everywhere for a value of 500 euros. About 19000 baht. A single machine cannot do that. Then I just go to the next one. Nothing changed. I have an ING card
If the limit of your Dutch bank is 500 euros, then the maximum amount you can withdraw depends on the exchange rate. So at a rate of, for example, 38 thb for one euro, that is 19000 thb even slightly less due to the withdrawal costs. So do not choose the option 20000 thb, but choose an amount yourself. And then you have to be lucky how the atm is adjusted. Here on Samui I can withdraw 20000 thb with my Thai card at the SCB, but with my Dutch card no more than 10000 thb. You can withdraw more at the Kasikorn bank (at least on Samui).
Thank you very much for your response to my question. It will help me and will go to the kasikorn bank from now on.
Regards, Stephen
Sorry Stephan, I don't think you understood, that the rate is much more important than finding a machine where you can withdraw 20.000 Bath. Often if you withdraw 2 times in a row at the same ATM 10.000 Bath, where the rate is much better, you still have an advantage of about 2 Bath, despite the fact that you have 200 times 300 Bath costs. You can arrange this in 3 minutes, where is your problem?
I find the exchange rate completely unimportant because I never opt for direct conversion. The difference between the proposed rate and the rate at which the conversion is settled later is alarmingly high. +/- 3%. So just pin 1x 19500 baht and never for direct conversion saves between 10 and 25 euros on that amount. ATM's ie only give 10.000 just boycott
I have a limit from ING to withdraw 500 euros per day, depending on the exchange rate of the euro/thai baht, this is currently about 19500 baht.
Because the ATM usually asks for 200 Bath per transaction, and this is independent of the amount you want to withdraw, most banks have a limit of 10.000 Bath. However, there are banks, including Thanachart Bank, that deviate from this, and still have a limit of 20.000 Bath. Many people withdraw money at these ATMs because they think they can withdraw 200Bath, which is double the limit. Once the procedure is underway, many no longer pay attention to the worse rate, so that they often withdraw much more expensive than ATMs that do have a limit of 10.000 Bath, but often a higher rate. At an amount of 20.000 Bath, it is not uncommon that one gets about 500 Bath less, so that this, together with the usual costs of 200 Bath, is an expensive affair. The cheapest thing is to bring Euros from the home country, and only use the ATMs that are becoming increasingly expensive in Thailand when absolutely necessary.
ATMs with a bad exchange rate?
NEVER choose the daily exchange rate that the machine calculates for you. It is always cheaper to withdraw Baht and use the exchange rate of your home bank.
And bringing a lot of cash from the Netherlands is also not recommended. Primarily in connection with theft. But also the rates at the exchange offices here are usually less favorable than those charged by your own bank. Apart from the fact that it can be a time-consuming job to change money at such an office.
The only thing you lose when your pint is on the way is that it 'costs' 200 Baht. But they don't outweigh the convenience and safety of pins on the go.
Rob HH, you are certainly right, only once the procedure is underway, many do not pay attention to the different options at all, and automatically get the daily exchange rate, which can vary greatly. Regarding taking cash with you, you are right with a view to loss, only that this would be time consuming at an exchange office, I have never experienced.
20.000 baht is sometimes more than 500 euros, Dutch banks usually have a limit of 500 abroad.
Have never seen a limit of 10.000. I usually pin at the green ATM (kasikhornbank). Sometimes it has to be 19.000 because of the 500 euro limit
Dear Leo, did you manage to withdraw 20.000 bht in Jomtien?
1 week ago we just recorded 20000 at a time with the French visa. even 2 times in a row. No problem
Last month I even withdrew 30.000 baht from a Bank of Ayudhiya machine. At many banks you see fast cash 10.000 baht. Choose Withdrawl and then you can choose a different amount, you may not always get it. Why I don't know either.
Have also experienced this at the Bangkok Bank. If only you could withdraw Baht 12,000 but as many times as you wanted. Pinning was still free then and I did it 2x in a row. Pin limit was then Baht 25,000- Try 2x Baht 10,000-?
Maybe it also makes a difference whether it is Master card, Maestro card or Visa card? No idea but may be a cause outside the type of bank.
The banks say it's for your safety, yes? no, it is better for the banks because they earn extra and in my case I have to incur extra costs to withdraw money the next day. I live 15 km from an ATM. we are charged by that so-called safety for skimming. I always first check whether everything looks normal at the ATM. We are not in charge of our own money.
The question itself is incorrect.
Some banks have a limit of 10.000TB and some of 20.000TB.
In addition, the price determines whether 20.000TB is possible and the daily limit of the Dutch bank.
Some banks have a limit of 500€, some 300€.
Best regards. Bz
I do agree that it has to do with a limit of the home bank.
I can withdraw 20.000 Baht with my Australian card without any problem, while I cannot get such an amount with my Dutch card at the same machine.
I've already done 16.000. so I go along with that limit of 500 euros per transaction. Sounds most likely to me.
We had the same problem. In the first instance, we are also waiting to be able to withdraw only 10 at a time, but if you had to pay 'other amount' you can often get 000 or 19.000 from the machine. There are still a few banks where you can pin 18.000 as a farang, but I don't remember the name!
Aeon is not a bank but you can withdraw 20.000 bath and it will cost you 150 bath
You can withdraw a maximum of 500 euros per day
So depending on the exchange rate if you pin 18000 bht it will certainly go
If I do pin at all, I do it at the Krungsri bank where you can pin a maximum of 30.000 at a time. Neatly reported in your phone. But again, advise everyone not to withdraw money except in emergencies, because I have had too many bad experiences where ATM machines were manipulated. It is also very unprofitable, because you often get a very bad exchange rate.
good day
I was first at abn amro and could only temporarily increase 10.000 bath but then had to call in advance so that didn't work because they were not available at thai time in the morning and they charged 2,25 every pin now i do everything through rabobank have a total package and can pin about 20.000 bath and no 2,25 is charged by the rabobank
At a European bank, you must appear in person for a temporary increase of a day / or week limit to sign this wish, so that the bank, as well as the owner of the credit card, is assured that no third parties can abuse it. It is better to leave a bank that advises its customer to call for an increase immediately, because they offer very little certainty that way. Who can really check the voice, whether it concerns the person in question, or to what extent he/she acted independently and not under duress. You can change any limit by appearing in person, if enough balance is available, temporarily change it, and so on, and no other reliable bank will enforce it.
contrary to what is repeated above each time the limit is not set by your belgian or dutch bank but the limit in thailand is limited to 30.000bht per week
And I can strongly advise everyone to bring cash, you get a better exchange rate than at the bank and you have no costs, just calculate how much you pay if you pint 20.000 bht, 200 bht in thailand on admission and at home once around € 4 per collection and then take a look at the exchange rate and with a bit of luck you will get 37 to 38 bht per euro
If you change cash at supperrich you get a minimum of 39.5 bht and no costs
So take 500 or 1000 € cash with you, you will come a long way
A few weeks ago on May 7, 2016, I pinned 18000 baht at the Thanachart bank.
Cost me 462,18 at ING.
rate 39,57, and 200 baht / 2,25 costs
You can easily open a tourist account at Bangkok Bank.
Only your passport is required for this, no other forms.
Clearly indicate that it is a tourist bill, otherwise they will ask for a work permit, Thai driving license, etc.
You can then transfer money from your Dutch/Belgian account to that account.
Costs according to Bangkok Bank's site: 0.5% of the amount, with a maximum of 500 Baht (minimum cost 200 Baht).
Pinning with the corresponding card is free (in the region where you opened the rack) or 10 Baht (the rest of Thailand).
When using my Dutch bank card, I have to pay 200 Baht at a time and can withdraw approximately 18000 Baht.
Actually, I do not want to collect 18000 Baht every time, but those costs of 200 Baht are fixed and it is a shame to withdraw 3000 Baht for example and pay 200 Baht for it and also have costs pushed down your throat in NL.
At the beginning of next month I will transfer 40000. That would cost 200 Baht and therefore cost the same as 18000 Baht with my NL card.
Then I can withdraw smaller amounts without relatively high costs.
By the way, if you would transfer above 100.000 Baht, then it will be really profitable, because of the max. of 500 Baht.
If anyone wants to try the maximum that can be booked over, I would like to pass on my rack number 🙂