Perfect Homes

BANK CHARGES In Chiang Mai

Use a Visa or MasterCard debit, credit or pre-paid foreign currency card issued outside of Thailand at a cash machine of any bank in Chiang Mai and you’ll be slapped –to varying degrees of severity- with an ATM fee. Effective the 16th January 2017, each of the eight major Thai banks (Bangkok Bank, Government Savings Bank, Kasikorn Bank, Bank of Ayudhya (Krungsri), Krungthai Bank, Siam Commercial Bank, Thai Military Bank and Thanachart Bank) now levies a whopping 220 baht service charge per withdrawal. The least punitive ATM fee (150 baht) is achieved by using a cash machine belonging to the Japanese bank AEON with branches located at the Airport Business Park (3rd floor), Big C Extra, Big C Supercentre (Hang Dong branch), Tesco Lotus Hang Dong and Tesco Lotus Kam Tiang hypermarkets, Electronic Plaza Siam TV (2nd floor) on Chang Lor Road as well as on the 3rd floors of both CentralFestival and Central Airport Plaza shopping malls.

More preferable than minimising ATM fees borne of withdrawing baht at a cash machine of a local bank is to preclude them in the first place. Subject to individual branch policy as well as the discretion of on-duty banking staff, an overseas Visa or MasterCard debit, credit or pre-paid foreign currency card can be used to obtain baht by means of a counter withdrawal at any bank branch in Chiang Mai; doing so doesn’t, of course, invite an ATM fee and is carried out at an identical exchange rate to a cash machine withdrawal though you may still incur one or more foreign transaction charges imposed by your card provider.

Designed for everyday use and most convenient of all, foreigners are legally permitted to open an interest-bearing savings account and apply for a Visa or MasterCard debit card at any of the eight major Thai banks. While Thai debit cards, with precious few exceptions, do attract both a joining/entrance/application fee -of between 100 and 300 baht- in addition to an annual fee -from 200 to 650 baht- with the precise amounts depending on the issuing bank and the card type, you won’t at least be subject to a financial penalty when withdrawing cash at any ATM of the same bank in the same province (otherwise a nominal ‘inter-bank’ and/or ‘inter-region’ fee will typically apply).

How do you minimise or avoid altogether paying ATM fees whilst living in Chiang Mai? Don’t hold back, hit us with your experiences by posting a comment below!

If you enjoyed this post, be sure to check out the Introduction to our series about the true cost of living in Chiang Mai with separate articles detailing Accommodation, Alcohol & Tobacco, Food & Drink, Health Care, Immigration Fees, Internet Access, Thai SIM Cards, Transportation, Utilities & Laundry as well as Work Spaces.

More about the cost of Living in Chiang Mai!

Cost Of Living In Chiang Mai

UTILITY BILLS In Chiang Mai

Share on facebook Facebook Share on twitter Twitter Share on linkedin LinkedIn Share on email Email As well as paying rent, those living in leased accommodation will almost always be required to fork out separately on utilities likewise on a monthly basis but instead settled …

Read More
Cost Of Living In Chiang Mai

DRINKING WATER in Chiang Mai

Unless treated by means of an in-home water purification system, the municipal water that supplies Chiang Mai is best considered not safe to consume direct …

Read More
Cost Of Living In Chiang Mai

ALCOHOL & TOBACCO in Chiang Mai

For those partial to the odd tipple, by far the most prevalent of all intoxicating beverages in Chiang Mai are the assorted beers. With a …

Read More
Cost Of Living In Chiang Mai

IMMIGRATION – Chiang Mai

An everyday expense it may not be but a valid and relevant entry permit which legally sanctions a foreigner either a ‘Temporary Stay’ or a …

Read More
Cost Of Living In Chiang Mai

INTERNET – Chiang Mai

Obtaining a Thai pre-paid SIM card will enable the subscriber to use the respective carrier’s 3G or, substantially faster, 4G/LTE mobile data networks and, in …

Read More

Leave a Replay

Search for a condo by name?

Follow Us

How to set up home internet in Chiang Mai

Can’t live without internet at home in Chiang Mai but haven’t the foggiest how to get hooked up? We decode all the ways to make it happen!

Read More →

How to pay bills in Chiang Mai – A quick guide!

Not that it’s anyone’s favourite topic but if you’re in Chiang Mai for the long run, there’s no escaping monthly bills! Paying the RENT   …

Read More →

How to ensure a smooth check out

Leaving your rental property and want to make sure the handover goes without a hitch? Then you’ll need our check out checklist for tenants!

Read More →

San Kamphaeng Chiang mai Out-of-town Places to Live

Looking for a house in San Kamphaeng? Here is some great info to the area. For sheer convenience if nothing else, it’s tough to beat …

Read More →

Casa Condo Chang Phueak ‘superb living’ at Northern Thai-style urban address

Share on facebook Facebook Share on twitter Twitter Share on linkedin LinkedIn Share on email Email Casa Condo DESIGN & DEVELOPMENT by a major league …

Read More →

Dream homes… dream prices!

Who doesn’t want to build and live in their dream home? So, spend some time looking around Chiang Mai and the outer areas such as …

Read More →

More about the condo market!