How to Withdraw Cash from ATMs in Thailand Without Paying High Fees

The Problem: Two Types of Fees

When you use an ATM in Thailand, you are often hit with two separate fees:

1. Thai Bank Fee (220 THB): This is a flat fee charged by almost all Thai ATMs for using a foreign card. It is displayed on the screen before you complete the transaction.

2. Your Home Bank Fee (1-3% + Flat Fee): This is a Foreign Transaction Fee and/or an ATM Withdrawal Fee charged by your own bank. You might not see this until you get your statement.

The goal is to minimize or avoid both.

Strategy 1: The Best Option - Fee-Free ATMs

Yes, they exist! One specific bank in Thailand does not charge the 220 THB fee to foreign cards.

• The Bank: Krungsri Bank (Bank of Ayudhya)

• How to Find Them: Look for their distinctive orange-colored ATMs.

• Important Note: While Krungsri doesn't charge its 220 THB fee, your home bank may still charge its own foreign transaction fee. You need to check this with your bank.

This is your #1 choice for routine, smaller withdrawals.

Strategy 2: The "Withdraw More, Less Often" Method

If there's no Krungsri ATM nearby, this is the standard approach to minimize the impact of the 220 THB fee.

• The Logic: The 220 THB fee is a flat fee, not a percentage. Whether you withdraw ฿1,000 or ฿25,000, the fee is the same. Therefore, withdrawing larger amounts less frequently makes the effective percentage of the fee much lower.

• Example:

  • Withdraw ฿2,000: Fee is 220 THB = 11% fee.

  • Withdraw ฿10,000: Fee is 220 THB = 2.2% fee.

  • Withdraw ฿25,000 (the typical max): Fee is 220 THB = 0.88% fee.

Always select the option to be charged in Thai Baht (THB). If the ATM offers to charge you in your home currency (called Dynamic Currency Conversion - DCC), DECLINE IT. The exchange rate they use is terrible, and it will cost you more.

Strategy 3: Use a Card that Reimburses Fees

This is the ultimate solution for frequent travelers.

• How it works: Some premium banks or fintech companies offer accounts that reimburse you for ATM fees charged by other banks, both domestically and internationally.

• Examples:

  • Charles Schwab Debit Card: (For U.S. residents) Famous for unlimited worldwide ATM fee reimbursements.

  • Revolut, Wise (Transferwise), Monzo: These digital banks often offer low or no fees on foreign withdrawals up to a certain limit per month.

• Action: Research if your current bank offers this or consider opening an account with a fintech company that does before your trip.

Strategy 4: Get Cash from a Currency Exchange or Bank Counter

This is a good alternative to avoid the Thai ATM fee entirely, but it requires more effort.

• How it works: Use your debit card to perform a "over-the-counter withdrawal" at a bank branch (e.g., Bangkok Bank, Kasikornbank, SCB) or a major currency exchange booth like SuperRich.

• The Process: Present your card and passport, and tell the teller you want to withdraw cash. They will process it as a purchase, not a cash advance.

• Benefit: You avoid the 220 THB ATM fee.

• Catch: It can be time-consuming, not all exchanges offer it, and your home bank may still charge a foreign transaction fee.

Step-by-Step: Using a Thai ATM Correctly

1. Insert your card.

2. Select "English."

3. Enter your 4-digit PIN.

4. Select "Withdrawal."

5. Select "Current Account" (even if you have a savings account at home; this is just the terminology used).

6. Enter the amount. Choose an amount close to the maximum (usually 20,000 - 25,000 THB per transaction) to minimize the fee impact.

7. The screen will show the 220 THB fee and the total amount. You must accept this to continue.

8. CRITICAL: The next screen may ask: "Do you accept the conversion?" or "Charge in [Your Currency]?"

   • ALWAYS SELECT "NO" or "DECLINE" or "CONTINUE WITHOUT CONVERSION."

   • You want the transaction processed in Thai Baht (THB).

9. Take your cash, card, and the receipt.

Quick Summary: Do's and Don'ts