Luckly I don't live from check to check. A few days wouldn't be such a big thing to me as long as the correct amount shows up, different if they were paying a high intrest rate and I had a huge deposit in the millions.

I don't live from Pay Check to Pay check either. I have all total 4 pensions type payments totaling in excess of 5k. The point being is they have taken money without my knowledge, never showed those fees to me when first opened an account and totally failed in following the Laws they agreed to follow in writing. Read C.F.R. 3106a. Please don't quote their web site as it does not meet the legal requirement nor was it given to me over 5 years ago. Only the IBanking. On my original DD from the Treasury I signed no agreement with Bangkok Bank, as Bangkok Bank can not furnish it as they don't have it. They had to agree in writing to follow US Laws on all protections offered to US In America. How do you determine the correct amount when nothing shows you all of the fees they charge. You are only taking their word it is correct and if you deal that way that's your choice not mine and many others. Consider also this why is BOT also investigating them.

merchant seaman wrote:Luckly I don't live from check to check. A few days wouldn't be such a big thing to me as long as the correct amount shows up, different if they were paying a high intrest rate and I had a huge deposit in the millions.

To make this clear and to the Point 3 things you don't mess with, My Wife, My Family, and My Money. Plain and simple. I know who you are and since you don't use Bangkok Bank according to you why are you so concerned about it.

The Judge In New York has ruled that a Law Suit can proceed against Bangkok Bank New York. This is based on their failure to follow All US Laws which they had already acknowledged in writing they are bound by. Including the disclosure of the amount of fees. Their Web Site does not meet this requirement as it was required to be given to you in writing disclosing all terms and conditions. Also their application does not meet this requirement as New York issued nothing

Please do not reply or post to this information unless you are truly interested in this.

C.F.R. 3106a laid down the Law.

If New York never issued to you a full disclosure as all Banks in America must do. Please reply if you are interested in getting all fees fully refunded.

For all concerned there are over 5400 American with Direct Deposit through SSA and Bangkok Bank.

Bangkok Bank takes in all total in NY and Thailand over $720,000.00 US Dollars a year on this. So if you thought this was only a minor amount you are incorrect. That is based on New York only charging a $5.00 fee and Thailand 200 Baht. With the actual figures from them it is even higher since my Baht fee is over 200 Baht.

Their fee to transmit from Bangkok Bank NY to Bangkok Bank Thailand is a flat fee with Swift since it is between Branches and it is a bulk Transfer.

Lets see how good my math is. $720,000/12(months per year)/5400 customers. $11.11 average per person. Take out the $5.00 fee that seems to be known. Leaves $6.11 average per person. What do others charge for a transfer?

First the above figures do not include any other transfer, Direct Deposit such as VA, and all other Military Retirements.
The issue is their failure to follow all US Laws on disclosure of the amount of all fees prior to accepting the first deposit. Given to you in writing in a form that you may keep and in your language.
They have already agreed in writing that they are in fact bound by US Laws.
Yes single individual transfers cost more but bulk transfers cost them very little.
They also signed agreements with the US Government to follow those Laws which they have not done.
Their Web site does not constitute the required disclosure. Nor does their so called account application.
The so called $5.00 is the smallest fee. My total fees exceed $28.00 US taken without my prior knowledge.
Not one individual has been able to furnish any copy of any disclosure given to them at the time of opening an account that spells out the amounts of all fees, terms and conditions etc.
If you have one then please post it. Not their so called application which disclosures nothing nor their web site.

Please understand I am not trying to create animosity. It is immaterial what the swift transfer costs BB. Banks borrow from the government then charge exorbitant rates for credit card fees. Nothing illegal about that. In my case it is much cheaper to use BBNY than any other means I have found. I knew when I signed up there would be fees. I reviewed those fees with other alternatives prior to opening the account. Periodically I check to see what I am charged. If it looks out of line, I call the bank. This has not happened to this point. The rates are available and there is nothing to stop a person from changing banks if they are unhappy.

I have not updated this since it was Filed in Court.
For the information of all concerned Bangkok Bank wants to go into a settlement before a NY Judge. They finally decided they did not want to be before a Jury Trial, in all probability based on their Attorneys advise or they decided they would like to settle. The Judge determines the final outcome and sets Attorneys fee not on a percentage but based on actual expense. So my Attorney does not get a very large percentage as some thought.
I will be present at the hearing via Skype.

The notice to all class action members( Americans with Direct Deposit to BBK NY) on the settlement is now being sent out various ways to all, You are not required to do anything, but if you want to withdraw from it you must notify as per the notice. It may be mailed, emailed etc. but it is being prepared by Bangkok Bank NY. It cost you nothing nor are you required to obtain an attorney.

I e-mailed the law firm you quoted back when you started this thread.
Didn't receive a response then, and haven't received anything recently.

As stated it has to be sent out by Bangkok Bank NY and you should know the mail time. My Attorney advised me by email that the notice is now being done. Of course if Bangkok Bank Thailand is slow in furnishing NY any and all addresses it will of course slow it down. Just sit back and wait. If you choose to withdraw the detailed instructions are to be included, but withdrawing gets you nothing.

I thought you did not have a direct deposit with Bangkok Bank based on your previous comments and posts. The Law suit was for Americans with Direct Deposit from Various Government Agencies and some who had retirements that were direct deposit from their companies to Bangkok Bank. If I am correct that you may do Bank to Bank transfers you are to the best of my knowledge not a part of this Law Suit.

Jello wrote:I e-mailed the law firm you quoted back when you started this thread.
Didn't receive a response then, and haven't received anything recently.

Yep, your right. (Been awhile ago) I emailed her and said I do transfers through bkb NY and enquired about the law suit.

I guess the non-response was my answer.

I just stepped into this My question is $350.000.00 for all the accounts transferred here . I haven't found the direct deposit fees to be excessive cheaper then using an the ATM in my case. The only thing I don't like abut it is I have to go there and make withdraw each month. If I'm out of t Thailand no access to the money

If that wasn't for the total of all accounts that must have been one heck of a transsfer

Just noticed the4 figure on Social Security. That might be off a bit, mine is my Police Retirement. Others have VA payments. A lot widows use the service. Yep $10.00 seems high but that is the equal to two ATM fees. It would cost a lot more for me to just use the ATM.

They are going to get their money one way or another

I will attempt to give you a little bit of the History. Americans who have Direct Deposit not only do the have to fill out Bangkok Banks application they must also fill out the US Direct Deposit form. That form is also required to be signed by the Bank.That form clearly shows your deposit are in fact going to Bangkok Bank NY. It is show on their web site as Deposit Accounts (restricted). The NY Branch under US Laws is required to fully disclose upon opening the account a full disclosure of fee's including the amount of in writing. Bangkok's application does not as it only states fee's. The US Treasury can only do ACH Transfer to NY and that is where that account is maintained. It is the exact same number

I have Bangkok Bank direct deposit and all I know is that when it started and the 1st deposit arrived. I went to the lady on 2nd floor and she printed out a copy of the transfer. It had a $5.00 US dollars fee at Bangkok Bank, New York USA and a 400 baht Bangkok Bank Thailand fee. It also gives a better exchange rate than I get with ATM card.

If my widget says that the rate is now 35 baht to the dollar, with my ATM card I will be lucky to get 33.50 plus 150 baht fee, while on the direct deposit I will get around 35.20

I think my widget gets its numbers from Yahoo and they will never match the buy / sell rates on the board at Bangkok Bank, sometimes they are not even close other times, they are real close.

When I use a US credit card, which is often, the rate is really close to what my widget says. After using it I key in the baht amount and it gives me the dollar amount, I record that in Quicken and when I check the CC account its within pennies.

Being that US Big Banks are crooks and that fraud is their business model, I am fairly happy with Bangkok Bank

RLTrader wrote: ....I think my widget gets its numbers from Yahoo and they will never match the buy / sell rates on the board at Bangkok Bank, sometimes they are not even close other times, they are real close....

One reason the rate can be different is the rates displayed by sites like Yahoo are from money exchange sites who base rates on very large sums exchange between banks not individuals like us.

Stantheman wrote: One reason the rate can be different is the rates displayed by sites like Yahoo are from money exchange sites who base rates on very large sums exchange between banks not individuals like us.

Hmm, maybe why When I use a US credit card, the rate I get is really close to what my widget says.