If you are going to withdraw cash in Thailand with your debit card, always choose the option 'withdrawal without conversion', instead of 'dynamic currency conversion'. In the first case, your own bank calculates the exchange rate. For larger amounts, this is more favorable for your wallet.
Withdrawing cash in Thailand is very expensive. The cost of a cash withdrawal at an ATM (ATM) alone is 220 baht per transaction. So you will only spend about € 6 for a withdrawal, even if you only withdraw 1.000 baht. In addition, you also get a bad exchange rate. Therefore, look for an ATM where you can withdraw a large amount at once, for example 20.000 or 30.000 baht.
You get the best exchange rate by exchanging cash, for example at SuperRich. If you take a lot of cash with you to Thailand, check your travel insurance. Insuring contact money is an option with some travel insurers. There is also often a maximum insured amount of, for example, € 700. Good to take that into account.
Automatic teller machines (ATMs) in Thailand are quite common and easy to use for international visitors. Here are some key points about using ATMs in Thailand and explanations of the terms 'withdrawal without conversion' and 'dynamic currency conversion':
ATMs in Thailand
- Availability: ATMs are widespread in both urban and tourist areas in Thailand. You can find them at banks, shopping centers, and often near tourist attractions.
- Costs: Most Thai ATMs charge a fee for transactions with foreign cards. This fee can vary, but is usually around 200-220 THB per transaction.
- Limits: There is often a withdrawal limit per transaction, which can vary depending on the bank, but is usually around THB 20.000.
- Withdrawal Without Conversion:
- This refers to choosing to carry out the transaction without exchange rate conversion by the Thai bank. In other words, you choose to have the transaction processed in the local currency (THB), and your own bank will determine the exchange rate.
- This is often cheaper because your own bank usually offers a better exchange rate than the Thai bank.
- Dynamic Currency Conversion (DCC):
- DCC is a service offered at ATMs and merchants that gives you the option to have the transaction processed in your home currency instead of the local currency.
- If you choose DCC, the exchange rate is set by the Thai bank or the merchant, which is often higher than the rates your own bank would charge.
- It is usually advisable to avoid DCC and opt for payments or withdrawals in the local currency.
In short, when using ATMs in Thailand it is usually better to opt for 'withdrawal without conversion' to take advantage of better exchange rates offered by your own bank, and to avoid DCC where exchange rates are often less favorable.
And remember to activate your pass for outside Europe.
It is also useful if you have an app from your bank to temporarily increase your withdrawal amount.
Thb 20.000 is currently around € 530
There are occasional ATMs that allow you to withdraw Thb 25.000 at a time, but that is still a matter of trying it out.
At Krungsri Bank (Yellow Bank or Ayudttha bank) it is even possible to withdraw 30.000 baht.
At Bangkok it is 25.000 bath
It is with a Thai bank card, but I think it is also possible with a foreign card
but as Bert says you just have to try it out and increase your limit.
Pekasu
There are 2 limits, from your own bank and from the ATM.
Own bank is often 500 euros per day, ATM is often 20 banknotes per transaction, more and more often 30 banknotes per transaction can also be withdrawn. Your own bank can often be adjusted, just contact the bank, because taking more per transaction is cheaper and can be easy.
16 months ago 20.000 baht 530 euros, now 595 euros.
What I always do is bring at least 2 passes. You can have a second card for free on many accounts.
Also 2 bank cards and 2 visa cards are possible. At that moment you already arrive at 80.000 bath.
Oh keep the passes separately. If you lose 1 you have 3 left.
It is not possible with a foreign card, at least …… with me. Last week I was able to withdraw max. 18.000 at krung sri. Isn't the max. €500?
So increase your limit
It works with this bank, at least with me. Tried to withdraw 25.000 baht in Jomtien last night and yes…., no problem at all. So the limit at your Dutch bank is not strictly applied.
Yes, your limit at the Dutch bank is strictly enforced. If you can withdraw more than 500 Euro in Baht, you have a limit higher than 500 Euro.
At many ATMs I can simply withdraw THB 30.000 at a time.
With the credit card I pay more costs at a worse rate than with my deb. withdraw total card money (THB 30.000), the costs are also lower.
But according to my bank, these favorable conditions only apply because I have a total package with them.
Dear readers,
This topic has been written about many times, so from years of experience once again the best exchange rate for ATM withdrawals.
It is not the 220 baht that makes the difference, but the discount that the banks use on the official rate.
The Krungsri bank (yellow ATM) uses 0,5 or at an official rate of 38,50 that is 38,00, while Kasikorn uses a discount of 2,5 or 36,00.
The other banks are in between with their conversion rates.
This means that debit card at these aforementioned banks per 10.000 baht is a difference of 14,50 euros per time, outside the 220 baht costs.
You can get the best rates at the exchange offices (not banks) for cash exchange (deduction of 0,20).
Withdrawals are more sensible at the Yellow ATM of the Krungsri bank.
Ruud: If you are still talking about the rates of the local banks after 'years of experience', then you have not understood the scope of the subject. So you fall into the trap of having the local bank calculate the conversion instead of your home bank, and you are therefore by definition less favourable.
we always exchange at Super Rich in Bangkok, there you get the best exchange rate.
The very first time I was in Thailand , I pinned the entire holiday .
Cost me a lot of money, transactions and low prices.
Cash is best
I thought I'd fly with 1000 cash last time. Could be recorded without any problems, said the lady at ING. That turned out to be half the truth: there was no ING machine at Schiphol after checking in. ING advertising everywhere. The machines that were there only gave 500, and it was one or the other, not both. The reason to take cash was because vending machines are sometimes difficult with cards, and after having my card swallowed once, I am very wary.
Who can tell me where the Super Rich counter is located on Suvannabumah?
In the basement, close to the entrance of the rail connection to the city.
All the way down by the trains. Sit super rich
Rob
Superrich is located on the ground floor. Possibly report superrich locations in bangkok in Google and you will get different locations in the city or airport. I believe there is advertising with green and orange, but I don't know if there is a difference. I always take nana at the orange at bts skytrain station because i sleep in nana hotel. Haven't seen any green yet.
Just download the SuperRich app, all locations are listed there and you have the current rate. It is also advisable to purchase a Revolut debit card (incl. app to arrange everything), you can convert your Euro amount to Baht at a favorable exchange rate and then simply withdraw what you want at any ATM in Thailand. Only the relevant bank fee will be charged.
There is not one company that has Super Rich in its name but three. One with green, one with orange and one with blue in the logo. There is therefore no Super Rich app that indicates all SR counters. In addition, there are other exchange offices that give an equally good exchange rate: Vasu Exchange, Sia, etc.
Super Rich Thailand (https://www.superrichthailand.com/)
Super Rich 1965 (http://www.superrich1965.com/)
Grand Super Rich (http://www.grandsuperrich.com/)
Find an office in your area via sites such as:
– http://thailand.megarichcurrencyexchange.com/index.php?cur=eur
– http://daytodaydata.net/
– https://www.google.com/maps/d/viewer?mid=z1bhamjNiHQs.klLed4_ZPr6w&gl=us&ie=UTF8&oe=UTF8&msa=0
See my and other comments here about currency exchange:
https://www.thailandblog.nl/thailand-tips/geld-wisselen-thailand-tips/#comment-521479
Don't forget about this one, with branches in Chiang Mai, Mae Sai, Mae Sot, and Chiang Rai:
http://superrichchiangmai.com
Update:
Super Rich Thailand: https://www.superrichthailand.com/#!/en en https://www.srtforex.com/
Super Rich 1965: https://www.superrich1965.com/home.php?language=en
Grand Superrich (still): http://www.grandsuperrich.com
https://thailand.megarichcurrencyexchange.com/
en
http://daytodaydata.net/
don't do it anymore.
Search in the browser with the search term 'currency exchange thailand'.
@robv
There is only 1 SuperRichThailand app in the Apple Appstore!
……….but it covers, as Rob V says, not all Superrich offices….
* always choose no conversion because all Thai banks propose crazy rates!
* find the ATM that gives the highest possible amount because of the 220 baht / withdrawal
* compare the maximum withdrawal amount that is possible. (switching sometimes pays off)
* Compare the rate surcharge that your bank uses. (switching sometimes pays off)
* Compare the costs that your bank charges. (switching sometimes pays off)
Switching saved me 20 euros/month
Compared to Opting for (idiotic) conversion as much as 60-100 per month.
My pins is TMB max.30.000 per withdrawal/Knab = high limit/low cost
Afternoon when you go to the ATM with your Dutch card and you get it written in Thai on the screen
text then you can not make the choice because it is not there?
It only says: if you pint, the costs are 220 Baht at the Bangkokbank, for example.
Is this correct ?
Wise debit card is my way to go. In the Netherlands I already put money on it if I like the exchange rate. (last year that was only above 38.5, but this year I'm betting on 37.3. Putting on the card is cheap with a good exchange rate. And pinning is also fine with their card. Bringing cash may yield a little more if you pay everything at once exchanges at SuperRich (Although I don't think this yields more than at TT-exchange in the cities, and via Wise) But walking around with 5 (den) euros for 6-1000 weeks to save a few euros, I don't see it either.
At my request to provide me with a debit card, Wise responds by saying that Wise has no cards available for Thailand, even though I have a bank account with Wise.
Thailand is also among the series of countries on the Wise site for which there are no maps (yet?).
But apparently you have a Wise card. How do you explain that, Lessram?
By living in the Netherlands. There I just got such a bright green debit card 3 years ago. On Wise I have created a Dollar, Euro and Baht account (jars) where I regularly deposit something. With this card I use little cash in Thailand, because of the 220 baht costs. But in shops you can also make PIN payments with it. Without extra costs. That is usually deducted from your Baht jar, and occasionally they ask whether it should be deducted from the Bahts or Euros.
The banks are taking huge profits and most of them think that's normal. I always try to carry as much cash as possible. Now, this weekend my best experience. Quite a lot of large euro banknotes taken and exchanged in TT exchange office in terminal 21 Pattaya. A very good rate and they transferred the money via app directly to my wife's bank account. Free of charge and very friendly. Having 200.000 cash transferred to the account in the bank otherwise usually costs 250 baht. Just go to the bank, to update the booklet and that's it, free. And then the advantage that you don't have to count that pack of notes. The advantage of 1000 euros is about 500 baht compared to exchanging in a bank, who thinks he has enough money, thinks this is too much hassle. And safety? Especially don't show that you have money, don't show off gold!
The banks are getting richer through our own behaviour, and especially through the use of bank cards.
It's baht not bath.
It is บาท in Thai script, pronounced 'baat' with a long -aaa- and low tone and not a short -a-.
'Baht' indeed, and that -h- is there to represent the long -aaa-. So don't say 'bat' but 'bate'!
บาท is one of the few words I can read in Thai. I often joke “oh, that costs so much urn” (which I think the word บาท sounds like)
A few weeks ago 20.000 baht pinned, both with and without conversion.
Without conversion, it was ultimately almost € 30 cheaper.
ATMs from AEON only charge 150 baht.
This is our experience.
I convert euros to baht at Wise to baht. (is there anyone else who doesn't have a Wise account?)
I use the Wise card for an ATM withdrawal and, for example, withdraw 20k baht (Good one from Jan!)
In addition to the withdrawal ATM there is a deposit ATM and you deposit, for example, the 20 k.
For example, Bangkok Bank charges 55 baht for depositing cash at the counter!
If desired, you can have the bank book printed (in addition to the 2 other ATMs and certainly at the Bangkok bank)
Easy?
Why not open an account with WISE? You can exchange Baths there very cheaply and put them on your account. Especially when you buy them at a favorable exchange time§ Your debit card with which you can withdraw your baths at the ATM (free of charge) is free.
You can also use your WISE account for other currencies and you can often pay with it in shops in Thailand. Then 2 to 3% costs are often charged.