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Thai Banks Raise Penalty Fees on Credit Cards.
Oct. 4--Local banks have been gradually increasing penalty fees for credit-card customers who fail to make payments, following recent deregulation by the Bank of Thailand.
Thai Farmers Bank recently doubled its monthly fee for missed payments to 200 baht from 100 baht.
Bangkok Bank, one of the largest issuers in the country, changed its fee structure from a flat 100-baht charge for missed payments to 100 baht for every 1,000 baht in outstanding balance due. Other banks, including Krung Thai Bank, are also considering revising their fee structures and interest rates charged to credit-card customers to better reflect credit risks.
Tarisa ...
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- Bangkok Post, Thailand Baker & McKenzie Column.
- Newspaper article from: Knight Ridder/Tribune Business News November 11, 2002 700+ words
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- Bangkok Post, Thailand, Company Reports Column.
- Newspaper article from: Knight Ridder/Tribune Business News February 6, 2004 700+ words
Bangkok Post, Thailand Knight Ridder...goods and services through credit cards or other instruments from...To see more of the Bangkok Post, or to subscribe to the...bangkokpost.com (c) 2004, Bangkok Post, Thailand. Distributed...
- Bangkok Post, Thailand, Insider Column.
- Newspaper article from: Knight Ridder/Tribune Business News July 24, 2002 700+ words
Bangkok Post, Thailand Knight Ridder...have been giving away credit cards like candy. Some of you...net To see more of the Bangkok Post, or to subscribe to the...bangkokpost.com (c) 2002, Bangkok Post, Thailand. Distributed...