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Home » News from Thailand » Short news » No ATM costs during the New Year holidays in Thailand
No ATM costs during the New Year holidays in Thailand
Debit card without costs? It is possible between December 31 – January 4 in Thailand. A gift from the Ministry of Tourism and Sports and intended to stimulate tourism, read the economy.
The local banks in Thailand will waive the usual interregional and interbank charges for debit cards during the holiday season.
But that's not all, 1.300 petrol stations on major and minor roads will also be set up as local tourist information centres. The 650 baht travel insurance for tourists that the Tourism Authority of Thailand (TAT) developed in July together with three insurance companies – Muang Thai Insurance, Chao Phaya Insurance and Siam City Insurance – is also being promoted.
Thailand wants to regain the trust of tourists and that is badly needed. In the first 10 months of this year, the number of foreign tourists traveling to Thailand fell by 8,7% to 9,7 million.
Source: Bangkok Post
Is this another ruse by the bank robbers?
This is really funny when they think that by not asking for extra money for those few days, more tourists will come.
The baht has just become too expensive in recent years than at the banks usually another 180 baht on top to be allowed to withdraw up to a limited amount.
At the AEON it was still free for a long time and now 150 baht.
Here on the blog I have already read in a comment that there are even banks that charge 200 .
I forgot the name, I thought it was something like AL Capone.
I agree with Pim that this decision will not lead to more tourists in those few days. I see it more as a charm offensive for the loyal tourist.
Well, a correction. The Thai Bath has not become more expensive. Due to the decreased confidence in that currency, the Euro has fallen in value, so it has become cheaper. As a result, foreign currency costs us more (about 20% since the crisis). In other words, we get less Thai baths. Thailand is not to blame for this. Thai prices could not have risen due to a lower Euro exchange rate. In fact, imports of European products will have become cheaper for Thailand, at least if that decrease is passed on to the consumer. On the other hand, export to Europe has become more expensive, which is unfavorable for Thailand as a rice producer.
The costs that Thai banks continue to charge therefore have nothing to do with the exchange rate development of a currency. Incidentally, it is a tendency for banks to pass on costs for certain services at the expense of the service provided and do not settle them in any other way. That is more transparent. Know what you pay for. This makes consumers more critical in their payment behaviour. Moreover, for debit card payments and ATMs, a cashless exchange rate of that moment is used, which is usually more favorable than the spot exchange rate.
Found an ATM this week in Phomphen where a $9 fee was charged. Luckily here in Cambodia, Canada is free.
So there are even bigger thieves than the Thai banks.
Gret Philip
between December 31 and January 4? so January 1, 2 and 3, or does it mean from the 31st to the 4th?
please be a little clearer
regards,
rob
Look, that really doesn't make us any better. They are very economical for a few days but do not pay ATM costs. How many tourists will come, this is a mockery.
” Thailand wants to regain the trust of tourists and that is badly needed. In the first 10 months of this year, the number of foreign tourists traveling to Thailand fell by 8,7% to 9,7 million.”
This of course refers to the number of tourist “in-trips” .
If the number of "short visits" from the Asian markets has remained stable, then the market for "long stays" must have fallen very sharply.
All this would mean that the number of tourists in Thailand has fallen much more.
It is getting nice and quiet again in Thailand.
If the number of (short) visits from Asian countries has remained stable, then the number of (short) visits from other (read Western) countries has decreased. That has nothing to do with “longstayers”.
Now something escapes me.
I read that 1300 petrol stations on major and minor roads will also be set up as local information stations.
Great idea , how do they come up with it .
However, I still have a question????
Can they speak or understand English there?
Once upon a time, a very large hot air balloon was released, so that in the event of serious problems, calamities or the like, a tourist could go to any 7-Eleven shop in Thailand and tell his story there and receive further help.
Unfortunately, at most 7-Eleven shops where I live, it is difficult for the staff to know or understand even one word of English.
Amazing.
Jan Beute.
No ATM costs:
I can still remember that I got 1000 euros-50.000 bath. Those times will [unfortunately] not come back. Since "The Thai" have also become a bit smarter, prices are being systematically increased, both in catering and hotels. Customer-friendliness to the guest in the hotel is also less, especially when I complained about a Russian who behaved antisocially at breakfast, the new virus there!
William Schevenin…
Well, then I would say: immediately withdraw all the money that you can pin and put it here in your bank. Don't you already save 10 Euro or so?
And please, stop talking about "high" prices in Thailand. It may not be as cheap as it used to be, but neither is the Netherlands. Even if the prices of food here are just as expensive or more expensive than in the Netherlands, you still save a lot on water and energy costs, little or no house tax, residential value forfait, car and road tax, municipal tax, waste costs, transport costs and many more. other expenses, which I now forget. Or did none of the complainants pay this in the Netherlands?
“The local banks in Thailand will waive the usual inter-regional and inter-bank charges for debit card payments during the holiday season.”
-
What is missing here is international transactions, I wouldn't just assume that on those days you can withdraw Baht from your Dutch bank account without the 'normal' costs. Check first.
Did I misunderstand or have I been caught again?
Every year I pay road tax before I can be insured on the road, that must be paid.
After 5 years I gave my house away if I wanted to be the first to pay 100.000 baht over those years before the transfer would be a fact.
They called it real estate tax, it's moving to me.
On top of that also a 50.000 baht transfer fee.
A few weeks later the same story again when it was sold on.
I will never forget this.
The local banks in Thailand will waive the usual inter-regional and inter-bank charges for debit card payments during the holiday season. It seems clear to me that costs that foreign banks can charge are not included.
Of course, this gesture cannot lead to more tourists specifically in those few days. There is not a single tourist who will be guided by this gesture in his decision whether or not to go to Thailand. I see it more as a gesture to the tourists who have remained loyal to Thailand and have not been deterred by the coup. Thailand desperately needs these loyal tourists, if only to tell their home country that a holiday in Thailand does not pose any risk.