sudden
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Exchange Euro At BKK Airport

Sat Mar 19, 2016 7:03 am

Anyone recently been BKK airport and exchanged money (euro) there?
Which /bankbooth you used and it's location?

I have been to BKK few times now and tired of being ripped off with thai bank fee of 200 baht + mastercard charging me 2% every time I use an ATM. So this time I will bring euro and change and BKK airport.
Whatever bank I use I will get better exchange rate than here in AMS, but if anyone knows a booth that gives very good rate please share.
Superrich should be pretty good I heard.

Thanks.
When in doubt, flat out!
 
Hywel
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 7:36 am

Don't know specifically about BKK, but most airports give poor exchange rates. You'll probably get a much better rate in the city if you can wait.
 
BestWestern
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 8:16 am

Use an ATM of a bank, not a fx company like travelex. Use a debit card, not a credit card and / or shop around for cards with zero fx rate charges in advance.

And don't use Airport exchange companies - the rate spreads they charge are crazy.
Greetings from Hong Kong.... a subsidiary of China Inc.
 
sudden
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 9:18 am

Quoting Hywel (Reply 1):

Actually Thailand is known for being very leanient with their exchange rates. Even at the airport.
The comission is very low.
Unfortunately Aeon bank also charges 200 baht now when using their ATM's.
When in doubt, flat out!
 
Hywel
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 9:59 am

Quoting sudden (Reply 3):
Actually Thailand is known for being very leanient with their exchange rates. Even at the airport.
The comission is very low.
Unfortunately Aeon bank also charges 200 baht now when using their ATM's.

I'm aware that the commission in SE Asia is generally much lower than in Europe  

Anyway, just spoke to a friend who went to Bangkok 3 months ago (so the info should be up to date still). The banks at the airport advertised "Exchange rate is same at both city and airport locations", which is true - he made a note of the Siam Bank rate and saw the same rate at a Siam Bank branch in the city 3 hours later. However the rate was still lower than the independent money exchangers on the street (there was one opposite his hotel), who gave around 3% better value.
 
sudden
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 10:13 am

Quoting Hywel (Reply 4):

Thanks.
What currency was this regarding?
Point is, even if you get a good rate when using particular ATM's, you are still slammed with the 200 baht charges.
As this is my third trip to BKK in 4 months one could say I lost a great amount due to these charges.
This time I wont play that game.
When in doubt, flat out!
 
Hywel
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 10:40 am

Quoting sudden (Reply 5):
Thanks.
What currency was this regarding?
Point is, even if you get a good rate when using particular ATM's, you are still slammed with the 200 baht charges.
As this is my third trip to BKK in 4 months one could say I lost a great amount due to these charges.
This time I wont play that game.

It was exchanging Singapore Dollars (widely accepted just like US Dollars in SE Asia).

It's a trade-off really between getting the exact spot exchange rate from MasterCard (and paying 200 baht + 2%), or getting a less-than-ideal exchange rate but paying no fees.

Are there any banks in Sweden which issue cards with no fees for overseas ATM withdrawals? I have one from a UK bank which is invaluable, it's saved me £££££ over the years.
 
sudden
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 11:23 am

Quoting Hywel (Reply 6):
Are there any banks in Sweden which issue cards with no fees for overseas ATM withdrawals?

Would not be able to tell you to be honest. Living in AMS since 2001.

The trade-off is pretty straight forward. I should have thought about it earlier though.
See these rates,
http://www.bangkokbank.com/BangkokBa...Services/Rates/Pages/FX_Rates.aspx
When in doubt, flat out!
 
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777Jet
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RE: Exchange Euro At BKK Airport

Sat Mar 19, 2016 2:59 pm

Superrich is the best if you can wait until out of the airport.

There is one booth on the airport property that beats other rates by a fair bit. It is the neon green Kasikorn Bank booth on the lower level near the entrance to the BTS station. If you face north towards the BTS station the booth is on your right. There are a lot of green money exchange booths around so make sure you use the Kasikorn Bank booth. That is the only one you need to use at the airport. Never change cash air side or at àny other booth at that airport. I got 30.5 thb per aud at the Kasikorn booth when all the other were offering 29. The real rate was about 31 then. Apparently their rate is better because they are just off of airport property because the BTS transport apparently look after that wing of real estate and have lower rent or whatever...
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sudden
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RE: Exchange Euro At BKK Airport

Sun Mar 20, 2016 10:22 am

Quoting 777Jet (Reply 8):
Superrich is the best if you can wait until out of the airport.

They are actually located on the same level as the BTS departs.

Thanks for your suggestion though. Will keep it mind.
Funny thing is that yesterday I came across a booth in Amsterdam that asks no commission and/or fee! And their exchange rates are pretty much the same as in BKK. So issue solved really. Will still bring some euro for the fun of it to see how good of an exchange I can get.
When in doubt, flat out!
 
MadameConcorde
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RE: Exchange Euro At BKK Airport

Sun Mar 20, 2016 11:30 am

Quoting BestWestern (Reply 2):
Use an ATM of a bank,

I was going to say... there's got to be ATMs from major banks in the arrival hall. Not that you are landing in a country with restricted use of Visa or Amex cards like Iran and you have no choice but doing your exchange from the currency exchange booth.

ATM will give you the current interbank rate + a fee.
There was a better way to fly it was called Concorde
 
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777Jet
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RE: Exchange Euro At BKK Airport

Sun Mar 20, 2016 1:30 pm

Quoting sudden (Reply 9):

Cool. I didn't know there was a superrich there. I only go down there to use the Kasikorn Bank before going back up to the taxi level. I use superrich at their head office in town because their rate is better there. Perhaps you could compare the Kasikorn and superrich rate if you will pass them both? I'm curious which is better now I know there is a superrich there...
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sudden
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RE: Exchange Euro At BKK Airport

Sun Mar 20, 2016 6:16 pm

Quoting MadameConcorde (Reply 10):
ATM will give you the current interbank rate + a fee.

Why lose 200 baht bank fee + 3% charges from mastercard when I can sail around it!?  
200 baht is indeed nothing to write home about, but want to avoid the charges this times.
I hear Citibank is not charging any fee but still stuck with the 3% charges.

Quoting 777Jet (Reply 11):

Have not seen it myself as I have not been down there at all during my previous trips. Apparently it's not that easy to find as it's a small booth that doesn't stick out.
I will check and let you know.
When in doubt, flat out!
 
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777Jet
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RE: Exchange Euro At BKK Airport

Mon Mar 21, 2016 1:06 am

Quoting sudden (Reply 12):
I will check and let you know.

Cool.

I've found the best deal and safest option for me is to exchange all of my foreign currency in the Superrich downtown office to get the best rate and then deposit that into my Thai bank account and use that debit card (no withdrawal fees plus a tiny annual fee to keep open).

If you want to open a Thai Bank account it is usually difficult for a foreigner, but Bangkok Bank has an account for tourists and you get a local ATM / debit card. I think you can only use that debit card at Bangkok Bank atm machines (it works overseas though) but it's safer than carrying wads of cash all the time. The Bangkok Bank branch in Exchange Tower, next to the Asoke BTS, is an easy branch to open an account. You just need your passport and a 'reference letter' from your embassy verifying your identity - the embassy will know what to do if you tell them you want to open a bank account. Or, a letter from your home bank verifying you identity would work.

http://www.bangkokbank.com/BANGKOKBA...ERS/Pages/Openinganaccountnew.aspx

Quoting sudden (Reply 12):
Quoting MadameConcorde (Reply 10):
ATM will give you the current interbank rate + a fee.

Why lose 200 baht bank fee + 3% charges from mastercard when I can sail around it!?
200 baht is indeed nothing to write home about, but want to avoid the charges this times.
I hear Citibank is not charging any fee but still stuck with the 3% charges.

  

Changing currency in Thailand, if you do it at the right place, will always give you the best rate (the rates in Thailand are good - not rip off rates like in other countries. Let's say the AUD buys 31 THB. I'll get 30 - 30.5 in Thailand. In Australia they will only give me 25). The only way I'd use my foreign ATM card in Thailand is if I ran out of local cash / my bank account there was empty and I would only do withdrawals of the maximum daily limit each time - to limit the number of withdrawals and fees (20,000 THB is the most that most Thai atm machines will let you take out in one transaction anyway because they can only spit out 20 bank notes at a time). BTW... All Thai ATMs charge a ridiculous fee of about 160THB to use your foreign ATM / debit card, so even if your home bank doesn't change a fee, you will still pay about 160THB plus the % fee... You cannot avoid the 160THB fee with a foreign card...

[Edited 2016-03-20 18:17:24]
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sudden
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RE: Exchange Euro At BKK Airport

Mon Mar 21, 2016 6:31 am

Thanks for your extensive info.
If I change here in amsterdam with my own bank or one of the big exchange brands I basically lose 3-4 baht per euro. That adds up pretty fast. Not sure I will go as far as open an bank account. But it would be a way to get around the system as well. When you mention tower you mean Terminal 21?
When in doubt, flat out!
 
MadameConcorde
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RE: Exchange Euro At BKK Airport

Mon Mar 21, 2016 10:37 am

Quoting sudden (Reply 12):
Why lose 200 baht bank fee + 3% charges from mastercard when I can sail around it!?
200 baht is indeed nothing to write home about, but want to avoid the charges this times.

Making a big deal out of losing 200 baht from using ATM at the airport??

Bit skimpy considering the overall cost of your trip. That is barely 5 Euros.

 
There was a better way to fly it was called Concorde
 
sudden
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RE: Exchange Euro At BKK Airport

Mon Mar 21, 2016 2:05 pm

Quoting MadameConcorde (Reply 15):
Making a big deal out of losing 200 baht from using ATM at the airport??

Bit skimpy considering the overall cost of your trip. That is barely 5 Euros.

As always you fail to read the thread and posts. So with that in mind, stay away! Your not contributing one bit with your lame non educated comments.
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777Jet
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RE: Exchange Euro At BKK Airport

Mon Mar 21, 2016 11:47 pm

Quoting sudden (Reply 14):
If I change here in amsterdam with my own bank or one of the big exchange brands I basically lose 3-4 baht per euro. That adds up pretty fast.

  

Exactly, especially if you exchange a lot of money. I'd rather have that money to spend for myself than give it to the greedy banks.

Quoting sudden (Reply 14):
When you mention tower you mean Terminal 21?

Exchange Tower is a building on the same intersection as Terminal 21. Exchange Tower is located diagonally across the intersection from Terminal 21. The above ground walkway that connects to the Asoke BTS can take you from one to the other - if you use that sky walkway to enter you enter on level one and to get to the Bangkok Bank just take the escalator down one level to ground. It's a very small place anyway and easy to find. That Bangkok Bank branch opens a lot of accounts for tourists so they know what to do - few questions asked. If you are considering opening an account it will save you time to just get the reference / ID letter from your home bank. That will save you a trip to your embassy. Last time I decided to open an account there I wasn't planning to and obviously didn't have the letter from my home bank so opening the account took an extra two hours whilst I went to my embassy to get the letter.
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sudden
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RE: Exchange Euro At BKK Airport

Tue Mar 22, 2016 5:10 am

Thanks. Useful info there.
It's Bangkok bank you say!? They have good exchange rates as well. They handle foreign currency there too? I know that walkway as during the evening the lights are nice up there.
When in doubt, flat out!
 
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777Jet
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RE: Exchange Euro At BKK Airport

Wed Mar 23, 2016 8:30 am

Quoting sudden (Reply 18):
It's Bangkok bank you say!?

Yes. The name of the bank is Bangkok Bank. They don't have a branch in Terminal 21 so that is why the one in that area is located in Exchange Tower. They are one of Thailand's main bank chains. Many foreigners like them. I believe they even have a branch in London.

Also, with a bank account there, you could transfer money into it from overseas if you like. I find companies like OzForex (for me) give a pretty good exchange rate and depending on how much money I would like to exchange, sometimes an online foreign exchange company provides a very competitive rate and I don't have to worry about carrying cash around to exchange then.
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sudden
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RE: Exchange Euro At BKK Airport

Wed Mar 23, 2016 10:18 am

Ok, good stuff.
I did my exchange here in Amsterdam 2 days ago, and it was good. Will still bring some euro as mentioned before.
I have been looking at Bangkok bank and their exchange rates for about 2 weeks now and it looks pretty solid. But was not aware they had an office at Sukhumvit. Been there few times but not something you take note of if not needed. Have actually passed it several times when thinking of it. Just like Citibank which is also right there.
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sudden
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RE: Exchange Euro At BKK Airport

Sat Mar 26, 2016 3:20 am

I compared the exchange rates at the airport and Kasikorn Bank gave the best rate. At least when it came to euro. Superrich not far behind. But all of them differed by let's say +/- 50 cent And all of them above 39 baht for a euro. Can make a difference if you exchange lots in one go though.
Saw the exchange tower last night. Oh yes, Bangkok bank looks very strong as well.
So there you have a live report on site.
When in doubt, flat out!
 
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777Jet
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RE: Exchange Euro At BKK Airport

Sun Mar 27, 2016 12:10 am

Quoting sudden (Reply 21):
I compared the exchange rates at the airport and Kasikorn Bank gave the best rate.

Thanks for the update!

I guess I'll keep using Kasikorn Bank if I need to exchange some THB at the BKK airport.

Enjoy your trip!
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sudden
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RE: Exchange Euro At BKK Airport

Thu Mar 31, 2016 6:19 pm

I did some exchange back to euro when airside and I basically lost 2-3 euro per baht compared to the exchange booths on level B where BTS departs.
Still got a fair bit more than what I would have gotten in Amsterdam.
When in doubt, flat out!
 
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777Jet
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RE: Exchange Euro At BKK Airport

Fri Apr 01, 2016 2:57 am

Thanks for the update!

Quoting sudden (Reply 23):
I did some exchange back to euro when airside and I basically lost 2-3 euro per baht compared to the exchange booths on level B where BTS departs.

Level B is the place! Glad to hear that the K bank booth is still the most competitive there.

Quoting sudden (Reply 23):
Still got a fair bit more than what I would have gotten in Amsterdam.

  

I always change my cash in Thailand, or in the Asian destination - never in the rip-off West!  
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sudden
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RE: Exchange Euro At BKK Airport

Fri Apr 01, 2016 7:27 am

It's funny actually as on level B you have all these exchange booths stacked together. I think it's about 6-7 of them. So it's actually worth checking their rates before deciding which one you want to use. As they are all wall to wall or opposite to each other your done checking rates in 1 minutes.
When in doubt, flat out!
 
DLPMMM
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RE: Exchange Euro At BKK Airport

Fri Apr 01, 2016 5:54 pm

I travel all over the world (Thailand included) and have been in 9 or 10 different countries already this year.

The best way to travel is to have use an ATM card tied to your home bank account, deducting the cash directly from your account as a debit.

It will cost a small fee, so make sure your bank allows up to 500 or 1000 euros per withdrawl.

You will get the spot market exchange rate, which will more than make up for the 200 Bhat ATM fee...(less than a 1%hit)

Also, get a credit card with no international exchange rate fees to pay for hotels and such and have the hotel process the bill in the local currency.
 
sudden
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RE: Exchange Euro At BKK Airport

Fri Apr 01, 2016 6:38 pm

I have a debit card with my own bank here in AMS. I have used it several times in Thailand on my other trips.
Reason why I did what I did this time with cash was simply to try how it worked out.

Thanks for the tip though.
When in doubt, flat out!

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