AEON bank ATM fees and best exchange rates
[QUOTE=Phordphan;1397466]3. ATMs are all over the place, especially in BKK. Take 2 cards, just in case. I had a card eaten by a machine in MBK years ago. Very unsettling feeling. Note that most banks there charge a 150 baht fee for foreign withdrawals (about $5) , and many western banks do the same. CHeck with your bank first. AFAIK, only AEON bank charges no fee. You'll play hell finding one of their ATMs. With a $10 fee every time you make a withdrawal, I found it cheaper to take a bunch of $100 bills, stash them in the room safe, and exchange at the banks in the malls.[/QUOTE]In December 2012 AEON charged the THB150 fee. However, their ATM's allow larger withdrawals (THB40, 000) than other banks. An AEON branch is located in the lower level of the Terminal 21 shopping center. AEON ATMs can be found on level 2 at MBK, level 2 at the Siam Center and in the basement parking level of Siam Paragon. Superrich1965 offers the best exchange rates, better than any of the banks. A branch is located at the Chit Lom BTS platform.
There is no such thing as a free lunch
[QUOTE=Phordphan; 1397733]Those greedy bastards! Damn![/QUOTE]So the bank has to finance the cash machines, rent sites, have staff to fill them, monitor the accounts, provide you with an ATM card and you expect all that for free? And you complain about a small fee for the service.
Go back a decade or two to travellers' checks which you paid for up front both for the cash value and for the actual check and then got charged a fee for exchanging them into local currency.
For some reason everyone expects banks to provide a range of services for free forgetting that your minimal transactions all cost the banks money. Count yourself lucky that banks.
Bother to provide these services when they could be focussing on international investment banking and not retail consumer based banking.