How to Cash an International Check in Thailand
I get checks occasionally from the US and go cash them at the bank here in Thailand. When I first did it I thought it would be a real hassle but it wasn't a hassle at all in fact the whole process was just like cashing a check back home except for one crucial difference, time.
It takes me 45 days to clear a check whereas back home it only took 3 business days. Quite a difference and when you cash a check in Thailand they charge you a fee whereas back home it was free (provided it didn't bounce).
First I went to my main bank Bangkok Bank and asked them about cashing the check. They told me it would take them 45 days to cash the check and 600 baht for their fee. I always Bangkok Bank because they have the added benefit of the visa card. I thought the fee was too steep even though I bank with them so I thought I'd shop around since it's free to open an account.
If you don't already have a Thai bank account you may want to read the article about how to get a bank account in Thailand.
Next I went to Thai Panit or in English Siam Commercial Bank SCB and asked them about it. My PayPal is hooked up to their account so why not. They said it takes 45 days the same but costs only 300 baht for the fee. Bonus just as cheap.
I don't have the ATM hooked up to that account but since I can't see the money for 45 days why not just put it in their anyway I can always go to the bank and use the bank book to withdraw it.
So if you have an International check to cash into your Thai bank account make sure you shop around for the best bank that has the best discounted fee. Their is probably a bank here in town that may cash it cheaper, and if so be sure to let me know.