Fees in Thailand

[ryancshar]

Hi guys,

I’ve probably read the FAQs about 5 times now but I’m still not sure whether this would happen. If I use an ATM in Thailand, will the 200TBH fee that the ATM charges be covered by Revolut or will I have to cover it? I only ask as I’ve gotten it into my head that Revolut will cover it, however I think I’m mistaken.

If anyone else can give me any other tips as well for using ATMs in Thailand, that would be fantastic.

Cheers,
Ryan

[capital]

Hi Ryan.

Information from this thread may be useful.

Paying and ATMs in Thailand

Hi, What the situation in Thailand with Revolut. Which ATMs are best. Can you still use ATM without any fee? Do anyone can describe best practices in use of Revolut card in Thailand? Ive read this posts: Is there any update to it? Thanks in advance!

[Mike]

Revolut will not cover anything. You will however be charged extra, but read the other post for details.

[larysa.stachowicz]

Hey there! Unfortunately we do not cover external ATM terminal fees. However if you go to this link:

https://www.mastercard.us/en-us/consumers/get-support/locate-an-atm.html

It will show you the closest supporting ATMs, and under the search settings, you can select one that will only show you free ATM terminals without any service fees. This should help.

[trulove]

All ATMs in Thailand charge the fee, last I checked there was no way around it. Some banks that stand by their promise of truly free ATMs worldwide (unlike Revolut) will refund the fee to the customer.

Don’t use the Revolut card in Thailand, the exchange rate is particularly bad (someone even posted about it here recently but maybe it got deleted). For a short trip, either take cash in US dollars and exchange it to THB once you arrive, or use any other card that gives you the standard MasterCard or even Visa rates, which should still be preferable. (For longer stays, consider a bank transfer to a local account.)

[ryancshar]

Hi guys, that fab. Thank you ever so much for your help.

@trulove- do you think I can still use a card to get money converted, instead of taking cash with me? Silly question to ask, but I don’t want to be stuck without enough money!

[Mike]

ofcourse you can, but be prepared, that every withdrawal will cost you a thai ATM fee of 200 THB. On top of that, you will not be able to withdraw more than 20.000 or in some cases 30.000 THB at a time.
Revoult fees are on top of this costs. (withdrawal fee and conversion fee).

bottom line…Thailand is expensive with ATMs, and Revolut just makes this experience even more expensive unfortunately.

[trulove]

@ryancshar Yeah, just use any other card that offers standard MasterCard or Visa rates (note: some other cards also charge high extra fees so check that in advance as well).

Also see this post from the thread linked above by @capital:

@zaman

mac1fan, some ATM allow 30000THB withdrawals. But as Revolut charges after 200 euros… add to this the 220 baht fixed fees by thai bank… Add to this the 1.5% margin Revolut makes on THB while Mastercard interbank margin is only 0.3%… Revolut is useless in Thailand

And:

Unacceptable rates for THB - Thai Baht - Worst than banks

Hi Following threads like Why is THB - Thai baht exchange worse than a week ago I confirm THB rate is unacceptable. When EUR/THB is 37.00 My traditionnal bank makes me pay 37.10 so they make 0.10 margin, then it’s about 0.3% (I believe it’s Mastercard’s margin). And yes they add 2% that Revolut hasn’t. Revolut banks makes me pay 37.70 which is 0.60 more, then it’s 1.5%… When they are supposed to take NOTHING. This is very unfair there is NO WAY they don’t take margin, they take 1.5 % !!! T…

Why is THB - Thai baht exchange worse than a week ago

I checked a week ago, on XE currency, and saw that EUR-THB rate was more or less on pair, perhaps a cent or two difference. Today, I am noticing the big difference between these two currencies, where XE currency shows roughly 38,72 THB for 1 EUR and Revolut rate is 38,11 THB for 1 EUR that roughly makes it about 1,5-2 % worse than last week. Why is that. Shouldn’t this rate be fixed on the interbank ?

Thailand ATMs

Update from current trip to Thailand(Dec 2016) as noted all Thailand ATMs charge 200 baht per transaction. My previous guess of uper limit is incorrect now. I drew out 12000 with no problem except I accidently chose Mastercard rate of exchange so got poor rate. My fault.SCB atms are a bit more faffing to get to right option. Bangkok bsnk is a bit more straightforward. Credit/debit cards are now more widely accepted. Tesco Lotus, Big C, department stores, McDonalds.PTT petrol stations even in sma…

[5t36h3n]

Cash is always the best way to pay, a Revolut card is for emergency use only.