Quote:
Originally Posted by TanMan
I did the same in July at the SCB on Nanai, but that was with the intention of a future relo there. I wrongly thought you needed a visa (which i had) to do this. Made me think that I should have done this years ago, and transfer money in when the baht was weak against the dollar, rather than be subject to the exchange rates at the time of my tour. I think all regularly touring BM's should open an account and transfer in when rates are good.
And that BIG purple umbrella was a bonus. But, I didn't want to bring it back on the plane and it was too big to pack so I gave it to the hotel receptionist. 
MrDK, what US bank(s) are you talking about? I've had different experience. I have a Bank of America account and they assess a 1% fee. I've never had a Thai ATM fee ever (unless they share in the 1% with BofA).
The TanMan |
I do like your idea about opening an account there (for various reasons). What are the tax rules if the account returns any interest?
I use Webster Bank and Citizen Bank. Both have no issuing bank fees, but do allow dispensing banks to assess a fee. In the US that is generally $1.50 per transaction. TD North Bank (New England) refunds all fees by dispensing banks world wide.