reader Posted March 4 Posted March 4 From Thai PBS World From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on the use of Visa or Master credit cards for transactions made abroad for goods or services or through online stores which are registered outside Thailand. For instance, paying a Netflix membership fee, buying products through TikTok, Alibaba or Amazon or making hotel bookings via Agoda will also be subject to the 1% DCC fee. The banks claim that the DCC charge is in line with credit card practices for transactions abroad adding, however, that customers have an option to use “travel cards” without any extra fees. TMax 1 Quote
reader Posted March 9 Author Posted March 9 I'm bumping this post because the cost of making foreign ATM withdrawals in the LOS is about to increase 1 %. The same applies when making reservations directly with a foreign air carrier or hotel booking service while in Thailand. From The Nation From May 1st, Thai commercial banks will charge their customers a 1% Dynamic Currency Conversion (DCC) fee for making cash withdrawals abroad. A similar fee will also be levied on the use of Visa or Master credit cards for transactions made abroad for goods or services or through online stores which are registered outside Thailand. TMax 1 Quote
