News Forum - Cash caper: Thieves on the run after snatching 400,000 baht from Krung Thai Bank ATM

[Thaiger]

Thieves remain at large after stealing about 400,000 baht from a Krung Thai Bank ATM in front of Prachanukroh School in the southern province of Nakhon Si Thammarat. The deputy manager of the Krung Thai Bank, Janjira Saelim, yesterday lodged a complaint at Tha Sala Police Station complaining that thieves had stolen money from the … …

The story Cash caper: Thieves on the run after snatching 400,000 baht from Krung Thai Bank ATM as seen on Thaiger News.

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[HolyCowCm]

And this ATM had an additional 6.24 million baht in it? How on earth is a bank able to stock ATM machines with so much cash? Times that by 100 or 500 machines and we are talking a super lot of money. Are these numbers real?

[Guest1]

2 hours ago, HolyCowCm said:

And this ATM had an additional 6.24 million baht in it? How on earth is a bank able to stock ATM machines with so much cash? Times that by 100 or 500 machines and we are talking a super lot of money. Are these numbers real?

Every money box can take about 2500 to 3000 bank notes.

Most ATM an store 4 of them, so do the math.

[HolyCowCm]

3 minutes ago, Guest1 said:

Every money box can take about 2500 to 3000 bank notes.

Most ATM an store 4 of them, so do the math.

And that would only be 3000,000 if all were 1000 baht bills. I guess it is banking so the ATM's are essentialy mini storage vaults. Just thought nearly 7 million in the article is a lot of cash and way more than would ever think they would have. But then again by doing that it saves expenses having to pay a company to go fill them all the time..

[Guest1]

4 hours ago, HolyCowCm said:

And that would only be 3000,000 if all were 1000 baht bills. I guess it is banking so the ATM's are essentialy mini storage vaults. Just thought nearly 7 million in the article is a lot of cash and way more than would ever think they would have. But then again by doing that it saves expenses having to pay a company to go fill them all the time..

But in theory, a ATM with 4 boxes could be loaded with 12.000.000 Baht

My guess for this case would be 2 with 1000s, 1 with 500s and 1 with 100s

And not all filled with 3000 bills

And the denomination is depending on locations.

In a Big c, more 500s, 100s, even 50s, perhaps

(I have never seen a 50 from an ATM, I think)

In an Airport  assumingly only 1000s and 500s

 

 

[HolyCowCm]

13 hours ago, Guest1 said:

But in theory, a ATM with 4 boxes could be loaded with 12.000.000 Baht

My guess for this case would be 2 with 1000s, 1 with 500s and 1 with 100s

And not all filled with 3000 bills

And the denomination is depending on locations.

In a Big c, more 500s, 100s, even 50s, perhaps

(I have never seen a 50 from an ATM, I think)

In an Airport  assumingly only 1000s and 500s

Yes, 500 baht bills have gotten before, and even on some machines before could get 100 baht bills although but that is becoming rare, and honestly I don't try to press odd numbers in anymore. Never seen a machine spit out any 50 baht bills. Not sure on the in theory and how much they can actually hold. Just tried to look it up but didn't see anything on it. till seem like 6.8 million baht is a real lot of money to hold.

[Guest1]

3 hours ago, HolyCowCm said:

Yes, 500 baht bills have gotten before, and even on some machines before could get 100 baht bills although but that is becoming rare, and honestly I don't try to press odd numbers in anymore. Never seen a machine spit out any 50 baht bills. Not sure on the in theory and how much they can actually hold. Just tried to look it up but didn't see anything on it. till seem like 6.8 million baht is a real lot of money to hold.

No, you and I don't, tourists also won't go for 'odd' numbers

But I have often seen locals, before covid and paying with banking apps of course, just taking 200 or 300 or such out of ATMs. For the daily food or the evening beers/sangsom and coke from 7

With the 50s, as I wrote, I am not certain about it. But with 4 boxes, there would be the chance. And I think I remember, that some locals told me, they got 2 or 4 50s every time out of the ATM, during 2012 or 13, while they introduced new notes at that time. To push them in circulation, methinks.

What I would question (if I were police) , with this numbers, is the reason for stocking it that high.

And the history, how high this ATM got stocked in the past, how often they restock, ....

Did they think, the police box is a good safety feature, this close to an ATM? (LoL)

's it needed, because they have lots of extractions every day?

Or do they just don't wanna have to stock it more often as , lets say once a month?

Because even in the western world, usually such  amount of money is only in indoor ATMs, in banks or big shoppíng malls, air ports,  with manned security or 24/7 open and busy

[HolyCowCm]

I have seen locals getting just a few hundred baht out of the machines lots of times. Happens more often that we think. I am not an authority on atm machines, but if 50 baht bills are going to be in mahcines here, or still in machines here, then I would think in lower income areas lile farming areas. QR payments codes is a payment so nothing to do with atms as you know, and the young generation seem to love paying like this. For me I will never ever pay this way unless forced to. I pay by cash and prefer to not be traceable on anything I buy...

[Ramanathan.P]

It looks like a preplanned job with insider information. May be the bank is trying to balance any shortfall in their books with such declaration so that it can be written off from the books as money lost in theft. 

[Guest1]

4 hours ago, HolyCowCm said:

I have seen locals getting just a few hundred baht out of the machines lots of times. Happens more often that we think. I am not an authority on atm machines, but if 50 baht bills are going to be in mahcines here, or still in machines here, then I would think in lower income areas lile farming areas. QR payments codes is a payment so nothing to do with atms as you know, and the young generation seem to love paying like this. For me I will never ever pay this way unless forced to. I pay by cash and prefer to not be traceable on anything I buy...

But with this QR code discounts(repaying 50%, they had in covid times, the lured a lot of people in paying with the phone! ;-)

So not that many people will still go to the ATM first, for 200 baht, if they can pay that with the phone!

[HolyCowCm]

11 hours ago, Guest1 said:

But with this QR code discounts(repaying 50%, they had in covid times, the lured a lot of people in paying with the phone! ;-)

So not that many people will still go to the ATM first, for 200 baht, if they can pay that with the phone!

Except this old schooler here as I will never do QR payments via my phone. I don't even do online payments as always pay cash or with credit card. So you are saying the ATM is a dying machine in many respects. Here in CM I see the deposit machine from market and shop people the biggest used machine. Aslo many times you will see someone with a bout 10 cards and a list of passwords trying to take out money or transfer. Looks rather shifty shady if you ask me. I have seen this well opver 10 times before because I do frequent ATMs more than the average Joe.

[Marc26]

20 hours ago, HolyCowCm said:

Except this old schooler here as I will never do QR payments via my phone. I don't even do online payments as always pay cash or with credit card. So you are saying the ATM is a dying machine in many respects. Here in CM I see the deposit machine from market and shop people the biggest used machine. Aslo many times you will see someone with a bout 10 cards and a list of passwords trying to take out money or transfer. Looks rather shifty shady if you ask me. I have seen this well opver 10 times before because I do frequent ATMs more than the average Joe.

On a 3 week stay I used to hit the ATM every 2 or 3 days 

 

Now

I may hit the ATM 2x total(maybe 3x) in 3 weeks

 

I use my Wise Visa to pay at any place that takes card 

 

And the younger kids in our family use their phones a ton now to pay for most things

[Marc26]

^ I don't keep a lot of money on my WISE card

 

I just keep topping it up to about 20k and when it gets down to 5k or so I top it back up

[HolyCowCm]

2 hours ago, Marc26 said:

^ I don't keep a lot of money on my WISE card

I just keep topping it up to about 20k and when it gets down to 5k or so I top it back up

I still like to keep cash only and credit card usage. ATM Visa Debit card is only for ATM withdrawls. I don't like to be tracked in the system for everywhere I go and everything I pay for. Call me crazy but not a big fan of virtual payments for everything as in the swipe and go. I have an EU friend who keeps all of his cards in a RFID safety card holder as he says these are becoming more popular as data and information theft gets better. Pretty soon stores will be able to read you by facial recognition. 7-11 has been trying to do this for awhile here, and then find the loophole to RFID name but not data. They already for a long time track you in stores in the USA via cell phone for tracking your movements and what you look at and what you buy. Not sure if they do it via cards yet, but your payments after done is a big yes, and I really do not want them to know how much alcohol or edible thong underware I am purchasing. Eventualy as it is going we will be forced to more card paying than hard cash, but this is not my dream as choose to handle the physical bills even if they have been touched many times by people.