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who stole my ATM money? mystery.

Travel Forums Asia who stole my ATM money? mystery.

1. Posted by Swept Away (Travel Guru 1116 posts) 9y Star this if you like it!

lets just say I had 1,500 dollars in my card before I left Thailand.

In Laos the total amount I manage to withdraw was 800 dollars.
(not the exact figures)

Uhm, where did my money go? who stole my money?

1. What is the logic of disabling the balance inquiry function of the atm machines for FOREIGNERS???
that should be illegal! do you know that? they do that in THAILAND and apparently also in LAOS. YOU CANT DO A BALANCE INQUIRY... And banks don't ussually know how much is the service charge of their ATM machines.
20 baht for every transactions in Thailand, including the balance inquiry that gives you no information.

2. My theory, the world economy and wall street shrunk my PESO??? IS THAT POSSIBLE? I lost money in HAT YAI the day the wall street crashed. I DONT know what is happening in the world. i just know thailand has a political crisis and laos is perennially poor so I was expecting to be rich here. But my money shrunk?

THEY HAVE LOTS OF WESTERN UNION OUTLETS here... maybe that is why. THE ATM is simply not a traveller friendly machine. WHAT do you know about western union?????????

4. 3RD WORLD MONEY HAS NO VALUE IN POORER COUNTRIES??? Like in Vietnam they only like DOLLARS, The US dollars. Cambodia too, they are just so dollar hungry. please educate me on this note. The money from my country has no value here??? well in Vitenam, CHINESE money was not accepted in several money changers, which really made me angry, coz the morons at the money changer are so ignorant about the CHINESE ECONOMY.

i should have withdraw money in Thailand and used BAHT in laos???

I plan to stay here for a week. UNLESS they really dont respect my currency, I will curse this land and go take my cash to SAPA, VIETNAM. Abolish the ASEAN, if they cant even respect the currency of member countries.

I felt ROBBED! BY WHO??? its depressing...

The troubled American economy??? If that is the case, I'm sending my CV to Afghanistan, the freedom fighters could use an American accent trainer. I'm sure they won't require me to be blonde.

2. Posted by bex76 (Moderator 3891 posts) 9y Star this if you like it!

not quite sure what you mean - have you checked your balance and the money is not there, or do you mean you are unable to check? It's quite common to not be able to check your balance at another bank's ATM machine - even in my own country I don't think I can do a balance check with a different bank.

3. Posted by Swept Away (Travel Guru 1116 posts) 9y Star this if you like it!

no balance inquiry

If I had 5,600 baht in Thailand, I cleared the account, and only got 4,800 total value.
800 vanished. Well I don't know if its wise to use my ATM again.

I noticed that they have so many western unions. I don't know if that is the practical way. I should have brought cash from Thailand.

I am not using my ATMs until I know if its just the global economy melting. I wonder if its because they have no need for my currency so the exchange is so low. When I first came to Thailand in 97, in spite of the Currency crisis, the exchange at the airport was hell expensive. I exchange 15,000 and it became HALF the value, its .5 something. That was my 1st lesson on exchange rates. I was very sad... I went to the Central Market in Bangkok and the value was almost 1:1, which made me rich. I exchange 10,000 I get almost the same amount in Baht.

I was expecting to have more money in Laos. If my ATM has 5,000 baht in Bangkok, isn't suppose to be bigger in Laos???
If my currency is superior than the KIP(laos money), am I not suppose to be richer here?

Someone once a posted a website to convert currencies, do you guys know about it?

I don't want to go to Hanoi. But if my currency has more value in Vietnam, I am taking the bus to VINH.

I don't know if you can relate to this. The other travellers at my hotel don't use ATMS.

4. Posted by Sander (Moderator 5164 posts) 9y Star this if you like it!

Currency value fluctuates constantly, and this has been getting ever more wild lately with the whole economic 'crisis' mess. I assume you have a bank account in the Philippines. If so, the value of your money is always the same in Philippine Pesos, but what this is in other currencies varies. You thus can't ever "rely" on having a certain amount of money in another currency. (How do you know you had 5,600 baht in the first place? If you converted that from Pesos, it was only valid at that single moment in time.) The value of the Philippine Peso compared to the Thai Baht has dropped quite a bit in the last month (and even more in the last three months (click on the little "3m" just above the graph)). So if you took out 1000 baht a month ago, it would've cost you a lot less than taking out 1000 baht yesterday.
Unfortunately I can't find historical data for the rate compared to Loas Kips, but is a decent website for finding current conversion rates, which shows that you currently get about 177 Kips for your Philippine Peso. (Note that this is the ideal rate halfway between selling and buying. The actual rate you'll get from your bank will be a lot worse, as that's what they make money on, even when they might make losses due to wildly fluctuating exchange rates.)

[ Edit: Edited on Oct 17, 2008, at 3:45 AM by Sander ]

5. Posted by karazyal (Travel Guru 1937 posts) 9y Star this if you like it!

Quoting Swept Away

lets just say I had 1,500 dollars in my card before I left Thailand.

In Laos the total amount I manage to withdraw was 800 dollars.
(not the exact figures)

Uhm, where did my money go? who stole my money?

I felt ROBBED! BY WHO??? its depressing...

First, can you access your debit account through the internet? When I withdraw money from an ATM overseas I always check within 8 - 12 hours to see what actually came out of my account. I do this by logging on to my bank account - can you do the same thing?

Have you tried to take out a lesser amount from your account? Perhaps you entered a wrong amount and were trying to take out more than you really had and no one stole anything!

Good luck.

[ Edit: Fixed quote ]