KTB unveils ‘ideal’ card for overseas travellers

business April 04, 2018 15:19

By The Nation

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KrungThai Bank will tomorrow (April 5) introduce the Krungthai Travel Card, use of which involves no fees for balance inquiries, overseas ATM withdrawals, EDC payments or exchanging foreign currency for baht.

KTB said it is the only card that can exchange and store up to seven currencies, which, along with exchange rates preferable to those offered on the market, makes it ideal for travelling. 

President Payong Srivanich said the bank applied Smart Concept financial technology used in designing products and services. 

It can handle US, Hong Kong, Australian and Singapore dollars, euros, British pounds and yen. 

It can be used to buy goods and services at shops around the world showing Visa signs, to withdraw cash at any ATM machine, and to activate or deactivate the card manually via the KTB netbank app.

Until May 15, no fees will be charged for card issuance, balance inquiry and withdrawals via overseas ATMs, payment on EDC machines and currency exchanges. 

Customers with a bank account can apply for the card at any branch and download the netbank app to activate it. 

More than seven million Thais travel abroad every year and the Krungthai Travel Card adheres to the government’s National e-Payment policy to encourage a “cashless society”.

The primary target users are businesspeople, students, recreational travellers and employees of tourism companies and airlines employee.

The bank aims to issue 200,000 cards.