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Thai banks urged to cut fee for intra-bank money transfering

The Bank of Thailand (BoT) is urging for a unified code of conduct among commercial banks not to charge their customers for transferring or depositing money between different accounts of the same bank simply because they were opened at different branches.

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The Bank of Thailand (BoT) is urging for a unified code of conduct among commercial banks not to charge their customers for transferring or depositing money between different accounts of the same bank simply because they were opened at different branches.

According to the report, the BoT is set to enter talks with commercial bank representatives and those involved in the banking sector to eliminate the stiff fee imposed on clients transferring to or depositing money in different accounts opened at another branch of the same bank.

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Currently, according to the BoT, some banks continue to charge their clients exorbitant fees for the service. It added that there is no reason to impose such a fee given the transaction remains under the same bank anyway.

via สำนักข่่าวแห่งชาติ : BoT urging commercial banks to elimiate fee for money transfering within the same bank.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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