Thai banks prep for Chinese New Year cash withdrawals this week

0
2005
Kasikornbank has allocated 27.2 billion baht for withdrawals from February 7-10, with funds accessible both at its branches and through its extensive network of ATMs while Siam Commercial Bank has prepared 33.9 billion baht for the festive period, distributing the cash between its ATMs and branch offices.

Five leading Thai banks have expressed readiness to service their customers during the Chinese New Year by setting aside a total of 121.264 billion baht for withdrawals, a 3% to 5% increase in cash availability compared to the previous year.

Kasikornbank has allocated 27.2 billion baht for withdrawals from February 7-10, with funds accessible both at its branches and through its extensive network of ATMs. Similarly, Siam Commercial Bank has prepared 33.9 billion baht for the festive period, distributing the cash between its ATMs and branch offices.



TMBThanachart Bank and Bank of Ayudhya have also geared up with 13.5 billion baht and 10.254 billion baht, respectively, ensuring their customers have easy access to cash through both branches and ATMs during the celebrations.

Meanwhile, Krungthai Bank has set aside 30.31 billion baht for withdrawals from February 7-12, with specific amounts designated for branch and ATM withdrawals. Bangkok Bank has also made an additional provision of 40 billion baht to accommodate the increased demand for cash during this period. (NNT)