Transferring money to Thailand from your home country, be it the US, Canada, Australia, or the UK, has been a pain point for just about every expat at one time or another.
But we all have to do it.
The scale of it is huge.
Each year, approximately 7 Billion USD is remitted to Thailand. Among the top sending countries are the USA, Germany, Australia, UK, and Sweden. (Source)
You can bet your bottom dollar a huge amount of that cashflow can be attributed to expats funding their Thai bank accounts, and of course sending money to Thai partners.
We all know banks are generally a rip-off when it comes to sending money, but hiding your money under a mattress isn't exactly a safe bet these days – not that it ever has been.
This sucks. They have us like a puppet on a string; free to slap on big fees and unfair exchange rates when we want to transfer money.
When you sit back and think about it, it's the strangest thing: you are charged to withdraw your own money!
Okay, so you are abroad; you expect to pay a small fee, but not for the bank to make a big profit out of it. And believe me, they do.
There is a solution, though and one me and thousands of my readers have been using for the last 7 years. I'll get to that in a moment.
But first let's look at why the way you're sending money to Thailand is hurting your pocket, and why this is happening.
The 4 Pain Points of Transferring Money to Thailand
1: The Bank Transfer Fee
The SWIFT transfer fee can be anywhere from £10-25 / $15-30. If you make regular transfers, say two a month, that's going to run you near on £250 / $320 a year!
Already you are massively out of pocket and we're nowhere near done with fees yet. Read on.
2: The Receiving Fee
After you pay the transfer fee, you get hit by the receiving bank for usually a similar amount. Most banks, like Bangkok Bank, charge a maximum of 500 Baht to receive money, but it usually is 500 Baht, so that's another £10 / $16.
So you've already paid twice to transfer your own money, and that's without factoring in the currency conversion charge.
3: Currency Conversion Charge
Out of the three fees, this is the evil one.
Most people presume you get the mid-market transfer rate. This is the one you see on XE .com and similar websites.
But then you do the math and realize that you've been shortchanged, massively!
In the world's currency markets, traders define the rates at which they are willing to “buy” or “sell” a specific currency. The mid-market rate is simply the midpoint between demand and supply for a currency, and because of that, it changes all the time.
But that's as technical as you need to get. The most important thing to know is that the mid-market rate is considered the fairest exchange rate possible. The mid-market rate isn't a secret either. It's the rate you will find on independent sources such as Google, XE and Yahoo Finance.
Unfortunately, you don't get the real rate.
It's one of the ways they can hide the true amount they're charging. Most banks take the mid-market rate and apply a margin on top, without being transparent. So you have no idea how much they're over charging you.
By hiding their charge in the exchange rate offered to you, banks make huge profits at your expense, and you're none the wiser.
You can offset the loss slightly by choosing to send money in your home currency, but many people sending money to Thailand make the mistake of choosing to convert to Thai Baht at their source bank instead of at the Thai end.
This means that you lose even more money, because your bank steals a nice chunk of cash at their own exchange rate, a rate they set themselves – not the “mid-market rate”.
That said, the Thai bank will still convert your currency to Thai Baht at their own rate too, and make enough for a meal out. But they generally won't squeeze your pockets as hard as your sending bank (your home bank).
4: Transfer Times
So, you've had your pockets skimmed on all fronts and you're at least $50-100 down.
You have paid two transfer fees and a currency conversion charge.
But even after they've dipped their finger in your honeypot multiple times, the banks still can't promise the money will be there within 24 or 48 hours. That's a real kick in the teeth.
Hell, sometimes it takes as long as 5-7 days!
The way I'm sending money these days not only avoids bank fees but takes as little as 9 seconds for a transfer to arrive!
Like It or Lump It, Or…
Sending money to Thailand is expensive, but what other option do you have except the bank?
You could carry money through customs, but then how often do you fly home to be able to do that?
To be honest, I hate carrying a ton of money around with me. It's just not safe.
Western Union is too expensive, but good if you need cash wired immediately.
PayPal steals 3.5% on a transfer and charges up to 4% currency conversion fees. Yes, I said up to 4%. It's 3% for the UK (where I'm from).
+ Enter Wise (formerly Transferwise) to Save You Money
Seriously, I waited years for this and if you read the comments below you'll see how chuffed others have been to find this service.
You can now transfer money to Thailand with ZERO bank charges, get the Mid Market Rate currency conversion, and only pay a small service charge – typically, 0.35% on £1,000.
Check this out:
Have a look at this transaction where I saved over £40.
Yes I know, the Pound (£) was very weak on that day.
But now look at the bank transfer rates of four high-street banks. Wise beats them both, comfortably.
The exchange rate is lower and the fees higher than Wise.
Now look at the market rate for the same time of day on XE.com.
Unbelievable, right? The overall Wise rate is actually slightly better!
So: not only did I get a better rate than my bank, I got a better rate than XE. com, which is the mid-market rate.
But that's not all: I only paid a £6.81 fee. Usually, my bank (Nationwide) charges £20. Plus I'd have to pay 500 Baht (£12 at the current exchange rate) to my receiving bank in Thailand.
So altogether, with the favorable exchange rate, I saved over £50 with Wise over transferring with my bank!
Sending USD to Thailand
For my friends from the USA, here's how things size up in Dollars:
Again, the Wise rate is better than the market rate on Xe.com (below).
Usually the rate is the same or slightly better, but note that rates change by the second at times in the market. You can also check Reuters for comparison.
Use This Link to Get Your First Transfer Free
I was so over the moon with Wise that I popped off an email and asked if I could get more information on how they circumvent these fees so I could blog here about it (see below on how it works).
They wrote back and offered to give my readers a free transfer up to £1,000/$1,000.
Click that text link above to get the free transfer.
Remember: Banks could charge you up to 5% in hidden costs when sending money to any bank account abroad. Wise is up to 8x cheaper. It's only fair!
It Took Just 9 Seconds to Receive My Money
This is really impressive. Just recently I sent some USD from Wise to an account in Thailand. The transaction time was 9 seconds.
That's insane!
Check out the screenshot below for proof.
How Does Wise Make Sending Money to Thailand So Cheap?
Well, with investment in the company from the likes of Richard Branson, I guess anything is possible.
But actually it's quite genius.
Once you initiate the transfer, Wise searches for other people doing a transfer from the location you are sending to, and effectively swaps the currency.
Of course, money transfers being as frequent as they are, this means there's usually several matchers available, making the process very quick.
My first transfer completed within 24 hours; 2-3 days quicker than my bank. Transfers now are sometimes even quicker.
There are readers in the comments section who've received their money to Thailand within minutes.
The process is completed by making several individual conversions using effective market exchange rates that work in your favor.
In other words, different parts of the transfer can be converted using different exchange rates.
Normally it takes a day or two to process conversions. For bigger amounts it could take longer.
Here's a cool video that explains how it works:
Here's a Quick Benefits Summary
Wise was founded on the principle that people deserve transparency, fairness and better value when it comes to their money.
I think the large majority of us would agree with this principle and have waited a long time for a service like this.
For far too long banks have got away with overcharging for moving money. Transactions happen digitally; it's just numbers changing in a system – there is no physical movement of cash.
Wise is on average 7x cheaper than traditional banks when you send, spend, or withdraw money around the world. (Though this depends on each country).
Here's a quick benefits summary:
- No home country bank fee.
- No receiving country bank fee.
- Get the true Mid-Market rate currency conversion, or better!
- Fast transfer, especially on amounts below 5k. Approximately 24 hours.
- Once you're comfortable with the system, you can use the iOS or Android app for transfers on the fly.
+ Click here to get your first transfer free
Boy does it feel good to avoid those bank fees!
Frequently Asked Questions:
1. How do I send money with Wise?
Go to the website. Type in the amount you want to send. Then fill out your details to register.
Once registered, you just need your bank account details and the details of the bank you are sending to in Thailand. Then push the magic button!
2. What is the maximum amount I can send with Wise?
2 million THB in a single transaction.
However, due to regulatory changes in Thailand, from Jan 2022, transfers of 50,000 THB and above will only be available for Kasikorn Bank, Bangkok Bank, and Siam Commercial Bank recipients. Transfers under 50,000 THB remain unaffected for all supported recipient banks.
3. How long will the transfer take?
Anywhere from 9 seconds to 24 hours. It's usually very fast. Generally speaking, larger transfers take longer. By large I mean over $5,000 (USD).
4. Do I need a Thai bank account?
Yes, because this where the money gets paid into. If you don't have a Thai bank account, perhaps your partner or close friend has and you can send the money to their account.
5. Is Wise like a bank account?
This is the money sending service side of Wise. But Wise does have a bank account facility that enables you to hold multiple currencies and spend that money internationally using a MasterCard. I have reviewed this service here.
6. Can I use this service to transfer my pension to Thailand?
Yes. Many expats are losing money by having their pension paid into their Thai bank account. They lose on the exchange rate and the receiving fee. You might be better off having your pension paid into your home bank account and then transferring it to your Thai bank account via Wise.
7. Will the transfer show up as an FTT, for visa extension purposes?
FTT is a code that indicates that the money transferred is a foreign money transfer. An FTT is what's required to fund a bank account that will be used for a retirement visa extension. For the funds to qualify the money must come from a foreign source and not a domestic one.
To achieve this, when asked in the Wise dashboard for the reason you are sending the funds, choose “Funds for long term stay in Thailand”.
8. How does Wise make money?
Wise charges a service fee for each transaction, but even when you factor this in you will still save a fair chunk of money.
9. Is Wise better than MoneyGram and other similar services?
Overall, yes. You can read through the reader comments below and see that at times people suggest other services but upon inspection they aren't cheaper than Wise, tend to be much slower on transfer, and collect more private data than is necessary.
10. Can I contact Wise with a question?
Yes, you can contact them by email or phone. The number is 020 3695 0999.
Last Updated on
GARY says
Apr 24, 2022 at 9:34 am
Max says
Apr 24, 2022 at 6:03 pm
JamesE says
Apr 24, 2022 at 9:40 pm
Max says
Apr 25, 2022 at 4:55 pm
Steve says
Apr 22, 2022 at 8:36 am
TheThailandLife says
Apr 22, 2022 at 5:17 pm
A, Flynn says
Having said that, Xendpay are charging debit cards £97 for sending £5000. Xendpay exchange rate is better than Wise exchange rate but add on their very high transaction fee, you are better off using Wise.
Apr 22, 2022 at 5:36 pm
TheThailandLife says
Apr 22, 2022 at 5:52 pm
Max says
Apr 23, 2022 at 8:26 am
Herb says
Mar 30, 2022 at 11:50 am
Max says
Mar 18, 2022 at 1:09 pm
gary says
Mar 18, 2022 at 10:57 am
Philip says
The transfer showed up as ''TRN'' in my passbook and when I inquired at my local branch was given a printout of ''K-Deposit statement of Saving Account ( With Detail )'' where my deposit was described as a ''Trade Finance Deposit'' and not as an international deposit.
Does this mean that with Wise I can't use my Kasikorn Bank account to transfer funds for Immigration purposes?
Mar 18, 2022 at 12:50 am
Max says
Mar 18, 2022 at 1:15 pm
Bubba says
Not much you can do about that.
Mar 20, 2022 at 8:04 am
Max says
Mar 21, 2022 at 7:48 am
Bubba says
Mar 21, 2022 at 9:25 pm
GARY says
Apr 25, 2022 at 1:20 pm
Max says
Apr 25, 2022 at 4:38 pm
JamesE says
Apr 25, 2022 at 8:44 pm
Max says
Apr 26, 2022 at 7:25 am
JamesE says
Apr 26, 2022 at 10:39 pm
GARY says
Apr 27, 2022 at 12:13 am
Max says
Apr 27, 2022 at 11:16 pm
GARY says
Apr 27, 2022 at 12:22 am
Max says
Apr 27, 2022 at 11:04 pm
Ives says
Feb 10, 2022 at 9:36 am
Max says
Feb 10, 2022 at 6:59 pm
TheThailandLife says
Feb 10, 2022 at 8:39 pm
kurt gerhard tietje says
Jan 27, 2022 at 9:30 pm
Max says
Jan 28, 2022 at 9:00 pm
Mac says
£2000 now in my wise bank account
Convert into thai baht the rate was exactly the same as what was in the paper that day 👍
Wise charged me £6 to send the thai baht into my thai bank account
my thai bank did not charge any handling fee
Finally believe it or not from uk/wise/thai it took 6 minutes
This service is top drawer thank you thai life for putting me onto this
Jan 27, 2022 at 2:47 pm
TheThailandLife says
Jan 27, 2022 at 4:35 pm
Max says
Jan 27, 2022 at 8:34 pm
kurt g. tietje says
Jan 20, 2022 at 9:26 am
TheThailandLife says
Jan 20, 2022 at 5:57 pm
kurt g. tietje says
Jan 17, 2022 at 6:29 pm
Max says
Jan 18, 2022 at 12:15 pm
kurt g. tietje says
Jan 17, 2022 at 6:11 pm
Max says
Jan 18, 2022 at 12:07 pm
kurt g. tietje says
Jan 18, 2022 at 6:28 pm
Max says
Jan 19, 2022 at 7:55 am
Thomas Williams says
Jan 15, 2022 at 6:11 pm
TheThailandLife says
Jan 16, 2022 at 1:43 am
Bubba says
Jan 16, 2022 at 7:31 am
ed says
Jan 12, 2022 at 6:51 pm
TheThailandLife says
Jan 12, 2022 at 7:04 pm
ed says
Jan 12, 2022 at 7:10 pm
Max says
Jan 13, 2022 at 8:52 am
TheThailandLife says
Jan 13, 2022 at 7:11 pm
Biagio W Sciacca says
Dec 31, 2021 at 10:25 am
Max says
Dec 31, 2021 at 8:27 pm
Biagio W Sciacca says
Jan 01, 2022 at 1:21 am
Max says
Jan 03, 2022 at 8:41 am
JamesE says
But you really don't want to do this. You get skewered on the Buy/Sell spread because the Thai bank is doing the exchange. It would be much better to open a Wise multi-currency account with US$ and TH฿ balances. You'll get a US routing number and account number so you can have the SSA route your monthly payments straight into Wise. This gives you two benefits - you can control when to move the money into ฿ to take advantage of exchange rate fluctuations and, if you needed to, you can use the Wise account to pay any bills/taxes/etc. you might have in the US. It works really well and is easy to set up.
Dec 31, 2021 at 11:17 pm
Biagio W Sciacca says
Jan 01, 2022 at 1:21 am
JamesP says
Here is info on SS signup for IDD to Thailand; https://www.ssa.gov/forms/ssa-1199-op107.pdf
Jan 01, 2022 at 5:28 am
JamesE says
Jan 03, 2022 at 7:06 am
Max says
Jan 03, 2022 at 7:24 pm
Max says
Jan 03, 2022 at 8:36 am
M says
Jan 03, 2022 at 9:11 am
Max says
Jan 03, 2022 at 7:10 pm
JamesE says
Dec 21, 2021 at 8:32 am
TheThailandLife says
Dec 21, 2021 at 4:31 pm
JamesE says
There was another example of a disturbing trend I've seen more and more of lately: the sharing of one's login email with Facebook. There has been a "Login with Facebook" option available on a lot of sites for years now but this purchasing of your email address is a new trick that I had not seen before.
Short review, stay with Wise. It's faster, stabler, and doesn't share your data with Facebook.
Dec 21, 2021 at 11:42 pm
Max says
Dec 22, 2021 at 12:03 am
TheThailandLife says
Dec 22, 2021 at 12:05 am
M says
Dec 20, 2021 at 11:38 am
Max says
Dec 20, 2021 at 9:44 pm
M says
It doesnt state where to add bank account, can you direct me ? It only says where to add debit/credit card ??? Am I missing something ? Thanks Max and happy New Year !
Jan 03, 2022 at 9:16 am
Max says
Jan 03, 2022 at 6:56 pm
Paul Hastilow says
Having said that, is it possible for Normal SA citizens to transfer their money using this system.
Dec 18, 2021 at 12:47 pm
Bubba says
Dec 19, 2021 at 7:44 am
Max says
"Open a Wise account (or log in if you already have one). Click on “Balances” and then “Get started”. Complete your profile and upload your documents to verify your account for security. Activate South African rands and any of our other 45+ currencies in your account."
Dec 19, 2021 at 8:03 am
JamesE says
Dec 20, 2021 at 12:21 am
Max says
Dec 20, 2021 at 8:31 am
JamesE says
Dec 21, 2021 at 12:27 am
Max says
Dec 21, 2021 at 11:26 am
JamesE says
South Africa, takes this to new heights. You need some sort of pre-approval to move money. From posts I've seen on other fora, this limits one to bank-to-bank transfers because Wise doesn't qualify. (I've got no personal experience trying this).
But, yes, you're correct: you can carry a ZA Rand balance with Wise and transfer those Rand out. There's just no way to fund it from a Rand account. When you say "then send some money", what currency are you considering to be "money"? Wise doesn't list the Rand as available for a sending source. This is exactly like the issue with outbound Baht transfers. They're not allowed to happen in Wise.
Dec 21, 2021 at 11:54 pm
Max says
Dec 22, 2021 at 12:15 am
TheThailandLife says
Dec 22, 2021 at 12:17 am
Bubba says
Dec 01, 2021 at 8:45 pm
Max says
Dec 01, 2021 at 10:29 pm
Steve says
Nov 24, 2021 at 4:20 pm
TheThailandLife says
Nov 24, 2021 at 5:03 pm
Steve says
Nov 24, 2021 at 5:20 pm
TheThailandLife says
Nov 24, 2021 at 5:25 pm
JamesE says
Nov 25, 2021 at 1:41 am
John Peters says
Nov 09, 2021 at 9:12 am
Max says
Nov 09, 2021 at 6:00 pm
John Peters says
Nov 09, 2021 at 8:44 pm
Max says
I don't believe the answer you got from Wise. Wise themselves came up with the reason "Funds for long term stay in Thailand" in July 2019,so why shouldn't they honor that reason. There's one more reason I think also should make a transfer show up as foreign, the Buying a condo-reason. I don't remember exactly what it's called. I don't buy condos that often. 😎
I have no reason to transfer any money at the moment, otherwise I would have tried. But people started to complain about this "problem" way before my transfers in September and October and those transfers showed up as international = FTT.
Nov 09, 2021 at 9:41 pm
JamesE says
Nov 09, 2021 at 7:37 pm
Max says
And there's no problem what so ever getting credit advices to show immigration if something goes wrong. The receiving bank knows exactly where the money comes from. This is old news if you've been living in Thailand for years and used Wise.
Nov 09, 2021 at 8:44 pm
Charlie says
Nov 07, 2021 at 1:21 am
James says
So if you set up your account using a Thailand address, you won’t be able to get a card.
I originally signed up in the U.S., but I used my U.S. address in Hawaii to sign up, and unfortunately, Wise has more restrictions on residents of Hawaii (& Nevada). I can’t obtain a card and I’m limited to a U.S.$10,000 on transfers.
I think the card has limited use anyway for accessing local currency. For example: “If your card was issued in the US: You can take out money for free twice a month — as long as the total amount is under 100 USD. But after that, we’ll charge you 1.50 USD per transaction. This is a fixed fee. If you take out over 100 USD in one month, we’ll charge you 2% on top of that.” Cards issued in other regions of the world have similar restrictions.
For smaller transactions in Thailand, an ATM card from your home country with no, or low, international fees may be a better option. Just go into the bank and do an over-the-counter withdraw of cash. Us the Wise website or phone app to transfer larger amounts of funds to your Thai bank account.
Nov 07, 2021 at 4:13 am
James says
Nov 07, 2021 at 5:20 am
Max says
Nov 07, 2021 at 7:33 am
JamesE says
Nov 07, 2021 at 7:40 am
Charlie says
Not to mind, at least I still have the option of transfermg funds from my new Wise US account number to my Thai bank account.
Thanks.
Nov 08, 2021 at 10:33 am
JamesE says
Nov 08, 2021 at 5:43 pm
Max says
Nov 08, 2021 at 6:23 pm
JamesE says
Nov 08, 2021 at 6:59 pm
Max says
Nov 08, 2021 at 10:33 pm
James says
Nov 10, 2021 at 2:48 am
Raman says
Oct 29, 2021 at 1:36 am
Max says
Oct 29, 2021 at 7:18 am
JamesE says
Oct 29, 2021 at 10:54 am
Max says
Oct 29, 2021 at 4:19 pm
Tom Jansen says
They are usually pretty reliable, but it is important to me to have my monthly transfers come at the "same" time each month to satisfy Thai Immigration for my Retirement Extension. This is the first one that I scheduled ahead, so I am as nervous as a mother hen waiting for it to happen. The previous ones I have done early in the day on the 29th of the month.
Sep 29, 2021 at 8:21 pm
Max says
Sep 29, 2021 at 9:46 pm
Barry Rowe says
Oct 13, 2021 at 10:09 am
Max says
Oct 13, 2021 at 4:51 pm
JamesE says
Oct 13, 2021 at 9:38 pm
Max says
Oct 13, 2021 at 10:57 pm
JamesE says
Oct 14, 2021 at 2:30 am
Barry Rowe says
Oct 15, 2021 at 9:16 am
TheThailandLife says
Oct 15, 2021 at 3:24 pm
Tom Jansenq says
I talked to SCB, and they told me I would have to show where the money came from. I can do that. However, they could not tell me their exchange rate.
So, I would like to know, from someone's personal experience, a reliable economical way to transfer Thai baht, or even US dollars from Thailand to the US. I see a number of very negative comments about DeeMoney, but I also see a lot of positive comments.
Any help will be appreciated.
Tom
Aug 23, 2021 at 9:50 pm
TheThailandLife says
Aug 23, 2021 at 9:57 pm
Eer says
Sep 22, 2021 at 11:51 pm
TheThailandLife says
Sep 23, 2021 at 3:14 am
Max says
Sep 23, 2021 at 7:43 am
Brian Marshall says
This morning I transferred from my Aus Combank account at 6.30 am, they received the funds at 7.20, immediate transfer to my Thai bank. It was showing in my bank by 8.30 am. No bank can match them.
Sep 23, 2021 at 6:45 pm
Max says
Aug 23, 2021 at 10:59 pm
Tom Jansen says
- The amount would be 100,000 or so baht.
- The bank is Bangkok Bank. I will also need to ask the same question about SCB, but that can come later.
- All of the money was earned under a work permit or transferred in from the US. I can track the money with a lot of detailed effort, maybe including looking at my US bank history as well. I had not planned to have to show where the money came from, so I did not have an orderly system for making it easy to follow. Thus, I would prefer not having to use this method.
- One alternative might be to convert the baht to USDollars at Super Rich if they are still operating. They are the best alternative that I could find through the years for exchanging cash. I could then transfer USDollars to the US
- I wouldn't mind paying an extra 0.5% or so premium for ease of transfer.
- I wonder if the New York Bangkok Bank branch could be used to transfer baht to my US bank and then transfer USD to my US bank.
- Thank you very much for your detailed investigation and reporting.
Aug 25, 2021 at 11:30 pm
JamesE says
https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Out-of-Thailand/Western-Union-Money-Transfer
and
https://www.westernunion.com/TH/en/home.html
I've used WU a couple of times for inbound transfers (they occasionally run specials that makes them a bit cheaper than WISE) and had no problems. Haven't tried them outbound yet.
The NY BKK Bank branch is now just an investment branch and stopped offering retail banking services a couple of years ago.
Aug 25, 2021 at 11:49 pm
Max says
As JamesE said, forget about BB in NY. I was about to say the same thing.
Aug 26, 2021 at 9:03 am
Tom Jansen says
Thank you for any additional help.
Aug 26, 2021 at 3:50 pm
Max says
You can only access 'SWIFT transfer' between 8:30-17:00 business days Thai time. It means you have to wait until tomorrow, Friday.
Aug 26, 2021 at 7:58 pm
Tom Jansen says
I received message that you mentioned that the service is not currently available, try back between 8:30 to 17:00. I am eager to see how it goes tomorrow.
Aug 26, 2021 at 8:57 pm
Tom Jansen says
What happened this last time was that the "Save" button did not become active. It remained grey, and so there was nothing else I could do. Another time, last week, the blue Save button became active, and when I pressed it, I got a message that my information could not be displayed.
I thought maybe in the meantime you might know some likely missteps that I may have made. I have included all of the data they asked for in filling in the form on the app, but to no avail.
Thanks if you think of something else to try or even if you don't. I will just try some more while waiting for their call in five days, I guess next Monday at the earliest.
Thanks again for your help up to this point.
Tom
Aug 30, 2021 at 12:33 pm
Max says
Then you entered the amount and chose the fee, recipients information,full address incl bank and/or the 24 digit IBAN-number and saved it, right? If something in your address or something else didn't match the info you entered when you opened your bank account,that might have triggered the error message. Was your address and recipient info saved when you tried the second time?
You should also have gotten an email telling you the info was saved. Now, I have no reason to send money to my bank back home just to see if it works for me. You have to wait for the call from customer service. Good luck.
Sep 01, 2021 at 1:00 pm
HuaMoo says
Aug 22, 2021 at 3:46 am
Max says
Aug 22, 2021 at 7:06 am
Martinus Mairesse says
Aug 15, 2021 at 7:09 pm
JamesE says
Aug 15, 2021 at 11:04 pm
Martin says
Would bank costs not be cheaper? 300 € X 4, that is 1200 €, ooch
Aug 16, 2021 at 1:33 pm
Max says
Aug 16, 2021 at 4:59 pm
JamesE says
As you point out, Wise limits you to 2M Baht/transfer so at some point it might make more sense to send a very large sum - like for buying a condo - using a traditional wire, particularly if you wanted the sum to show as a single transfer. But (using the TT rates posted this morning) you'd be paying an effective rate of 0.79% (the difference between the TT rate and Wise's mid-market rate) plus any bank fees. Wise is always cheaper.
Aug 16, 2021 at 10:57 pm
Max says
Aug 17, 2021 at 8:00 am
Max says
Aug 16, 2021 at 7:19 am
tom bridge says
Jul 30, 2021 at 2:44 am
Max says
Jul 30, 2021 at 7:37 am
Patrick Mark Davis says
Jul 16, 2021 at 2:47 pm
Max says
Jul 16, 2021 at 5:11 pm
Cashboy says
Jul 03, 2021 at 5:02 pm
JamesE says
Jul 04, 2021 at 5:46 am
Max says
Jul 04, 2021 at 7:25 am
Steve says
The exchange rate they give you is far less than Wise
About 10000 Baht on 22K GBP
Aug 17, 2021 at 10:35 am
Phil Lowney says
Jul 01, 2021 at 6:45 pm
T says
Jun 29, 2021 at 5:11 pm
Tom Jansen says
It occurred to me that one additional piece of information could be very useful for expats who have to verify monthly transfers from abroad, like me from the US on a visa retirement extension. There is a good write up on Thaivisa with details of how to do it with various banks in Thailand.
The simplest way to get the verifications is:
1) Use Bangkok Bank
2) In the dropdown menu in Wise, select "long-term stay in Thailand" for the reason for the transfer. Then the code FTT shows up for that transaction, which indicates a Foreign Transfer. These are then shown to Immigration at visa extension renewal time.
Jun 27, 2021 at 8:57 am
Max says
Jun 27, 2021 at 4:54 pm
James says
Jun 28, 2021 at 3:32 am
Max says
It's not Wise's responsibility to help everyone with immigration issues. Wise can not tell a non-partner thai bank to change the bank code just because it's needed when extending a permission to stay. Thats why they have partner banks.
Jun 28, 2021 at 6:34 pm
ed says
Jun 22, 2021 at 2:48 am
Max says
Jun 22, 2021 at 7:19 am
ed says
Jun 23, 2021 at 5:14 pm
Chris H says
*Transactions done on week days. W/end transactions are a tad slow,
usually between 6 and 24 hours.
*Aus to Thailand ($1,000.00 AUD) = 30 seconds.
*Aus to Thailand ($500.00 AUD) = 27 seconds.
*Aus to Thailand (150.00 AUD) = 21 seconds.
*Aus to Thailand ($50.00 AUD) = 9 seconds.
Jun 20, 2021 at 9:34 pm
Max says
Jun 21, 2021 at 7:57 am
JamesE says
This comment applies to Wise accounts in the US with the goal of loading a Wise Multi-currency Account with USD.
Okay, my tests are complete and here's what I found. Wise provides US bank details - ACH Routing Number and a unique account number - that can be used for an ACH Push transfer from your bank to your Wise account.
To start you have to verify that your bank supports outgoing ACH transfers - but not through the Bill Pay system. I tested from accounts at Bank of America, JPMorgan Chase, and Capital One. They went like this:
BOA allowed me to link my Wise account but I could also send the money using an ACH push based on the routing and account numbers (Handy if your transfer is a one-off or from a 3rd-party). The transfer was free for a linked account, but they charged me a flat $3 for a 1-3 day transfer from the ACH Push. This came from an account that is linked to Wise as a primary account and showed me as sender (Max's concern about this not working was unfounded). The transfer took a full 3 days. My second – free – transfer from BOA took less than 24 hours.
Capital One, also an account that Wise knows about, allowed me to link my Wise account as an "External Account" and to send money to Wise for $0 (zero is good). The transfer took 2 days and showed "Capital One" as the transfer source, my name was nowhere to be seen.
Chase, an account that Wise doesn't know about, allowed Wise to be set up as an "External Account" as well. The transfer showed that the sender was "JP Morgan Chase". Again, my name was nowhere to be seen. The transfer took 12 hours and cost $0.
Addressing Max's thought that "Wise must have done a mistake" I think that not to be the case and that Wise is just having to deal with how the ACH system works. ACH is a batch processor, much as the international credit card system works. This makes the system basically blind. Because the user’s USD balance account shows up as a standalone account (required for funding the account using ACH Pull in Wise's Add functionality) as opposed to an account owned by Wise (which would be subject to daily ACH limits because Wise is not a bank) the ability to use ACH *in any way* naturally emerges from the rules and regulations.
Bottom line is that using ACH in the US from your bank can result in saving a bit more money (+/- 0.35%) when transferring to Thai Baht than using Wise to initiate the transfer.
There are implications from this above and beyond the savings from loading your Wise account. Your Wise account works almost exactly like a US bank account. You can send your auto-deposits – Social Security, pension, employment income - straight to Wise, saving time and a transfer. Using an ACH Pull from a bank, vendor, or credit card company you can use Wise to pay bills or transfer funds in the US without using Wise’s Send feature.
Of course, Wise may change its rules going forward so always look before you press “Okay”.
Jun 09, 2021 at 10:51 pm
TheThailandLife says
Jun 09, 2021 at 11:11 pm
JamesE says
This fact is mentioned nowhere on TTL's blog (that I could find) an omission I guess can be chalked up to TTL's aversion to self-promotion. TTL's secret Patreon provides a direct way for us to say thanks for keeping this community going and providing the wealth of information contained herein.
To that end I heartily encourage all of us to kick in whatever you think is fair (remembering that Patreon takes a cut) to help support Peter and the great space he's built for all of us.
Jun 06, 2021 at 7:58 am
TheThailandLife says
Jun 06, 2021 at 7:55 pm
Patrick Mark Davis says
kind regards
Jul 16, 2021 at 2:53 pm
Mike says
May 30, 2021 at 4:48 pm
Max says
May 31, 2021 at 5:14 pm
John says
Jun 01, 2021 at 6:58 am
Max says
Jun 01, 2021 at 2:50 pm
John says
Jun 01, 2021 at 4:33 pm
DAVID says
May 26, 2021 at 3:32 pm
TheThailandLife says
- take a Covid-19 test before departure and have proof of a negative result - book and pay for a Covid-19 test on days two and eight after your return - complete a passenger locator form - quarantine for 10 days at home or the place where you are staying
It may be possible to end quarantine early if you pay for a further private Covid test through the test-to-release scheme.
You will need to quarantine in Thailand when you return.
May 27, 2021 at 5:26 pm
Joe G says
wise: 311,445 THB received
ofx: 311,585 THB received
xe: 313,536 THB received
May 24, 2021 at 11:05 pm
TheThailandLife says
May 24, 2021 at 11:08 pm
Max says
May 25, 2021 at 12:29 am
JamesE says
May 25, 2021 at 1:19 am
Joe G says
May 25, 2021 at 1:59 am
Max says
May 25, 2021 at 7:55 am
Tom says
Sep 23, 2021 at 5:59 pm
Max says
May 25, 2021 at 8:10 am
Joe G says
May 25, 2021 at 8:11 pm
JamesE says
May 25, 2021 at 10:10 pm
JamesE says
May 26, 2021 at 5:38 am
Max says
May 27, 2021 at 9:33 am
JamesE says
May 27, 2021 at 10:37 pm
Joe G says
May 29, 2021 at 1:47 am
JamesE says
Jun 03, 2021 at 8:10 am
Max says
Jun 03, 2021 at 7:14 pm
Joe G says
Jun 03, 2021 at 8:32 pm
Max says
Jun 03, 2021 at 11:52 pm
JamesE says
Jun 03, 2021 at 11:23 pm
Joe G says
Jun 04, 2021 at 7:46 pm
JamesE says
Jun 05, 2021 at 6:33 am
Joe G says
Jun 09, 2021 at 8:25 pm
Christopher Hickman says
I was wondering if anybody would know if by sending money to my girlfriend in thailand could that be liable for gift tax in the U.K..i Have been using TW for quite a while now and the money i have sent is direct into her Account at Kasikorn Bank.Thank you.
May 07, 2021 at 10:33 pm
TheThailandLife says
May 08, 2021 at 4:28 am
Paul ward says
Apr 21, 2021 at 11:39 pm
Max says
Apr 22, 2021 at 12:17 am
P ward says
Apr 22, 2021 at 4:13 pm
Max says
Apr 22, 2021 at 4:49 pm
ray goodwin says
Apr 21, 2021 at 2:47 am
JamesE says
Apr 21, 2021 at 7:23 am
Max says
Apr 21, 2021 at 7:30 pm
JamesE says
Apr 21, 2021 at 10:07 pm
Max says
Apr 22, 2021 at 12:27 am
Max says
There's only one way to get the Non-immigrant O Visa. Arrive on a 60 days tourist Visa and then change it to a 90 days Non-Immigrant O Visa at the local immigration office in Thailand. But, you have to wait until everything goes back to normal regarding TR-Visas and no COE is needed.
This 'might' happen Q4 this year or early next year.
Apr 21, 2021 at 8:09 am
TheThailandLife says
Apr 21, 2021 at 4:49 pm
Max says
Apr 21, 2021 at 7:40 pm
TheThailandLife says
Apr 21, 2021 at 8:08 pm
Brian Marshall says
It's time they woke up and got rid of the 800,000 in the bank for 5 months thing, it would release so much needed cash into the economy!
Apr 22, 2021 at 6:29 pm
Max says
Apr 28, 2021 at 8:22 am
Anthony Capilli says
In certain ways, they are double dipping with regards to requirements.
May 27, 2021 at 3:10 am
Max says
May 27, 2021 at 9:19 am
Trent says
Thanks, TTL, I used Wise last week, very happy with both the exchange rate and fee.
Apr 20, 2021 at 7:23 pm
TheThailandLife says
Apr 20, 2021 at 9:39 pm
Amelia says
Apr 14, 2021 at 9:35 am
TheThailandLife says
Apr 14, 2021 at 4:35 pm
JamesE says
Apr 06, 2021 at 9:41 am
Max says
Apr 07, 2021 at 12:25 pm
JamesE says
Apr 08, 2021 at 10:13 pm
Ceri Griffiths says
Mar 26, 2021 at 12:10 pm
Max says
Mar 26, 2021 at 6:30 pm
Max says
Mar 26, 2021 at 6:49 pm
JamesE says
Mar 26, 2021 at 11:01 pm
Ceri Griffiths says
Ceri
Mar 27, 2021 at 7:16 pm
JamesE says
Mar 29, 2021 at 3:24 am
Max says
Mar 29, 2021 at 11:38 pm
Ceri Griffiths says
Mar 27, 2021 at 7:55 pm
JamesE says
Mar 28, 2021 at 5:27 am
Noel says
Also, since you don't know, your name is English.
What else would it be? Swahili?
Apr 08, 2021 at 7:49 pm
Max says
Apr 08, 2021 at 8:53 pm
JamesE says
Apr 08, 2021 at 9:46 pm
Max says
Apr 08, 2021 at 11:45 pm
JamesE says
Apr 09, 2021 at 12:11 am
Max says
Apr 09, 2021 at 5:04 pm
Max says
Apr 09, 2021 at 5:09 pm
Ceri Griffiths says
Apr 09, 2021 at 2:26 pm
Max says
Apr 09, 2021 at 5:01 pm
Brian Marshall says
Have saved thousands of Baht per year over the last 4 years. One recent transfer was completed in just over 12 hours!
TOR in Australia used to take 3 days minimum and rip me off on exchange rate and fees ans always had an excuse, like nobody at the receiving bank. Really??
Mar 14, 2021 at 8:37 pm
Jeff says
Mar 28, 2021 at 11:16 am
Didier Geslin says
Mar 13, 2021 at 11:25 am
JamesE says
Mar 15, 2021 at 3:52 am
Christopher Wood says
Mar 02, 2021 at 8:13 pm
TheThailandLife says
Mar 03, 2021 at 4:21 pm
Max says
Mar 04, 2021 at 7:06 am
Ian Milburn says
Mar 26, 2021 at 5:32 pm
michael barber says
Feb 24, 2021 at 10:57 am
Max says
Feb 25, 2021 at 8:31 am
panos says
Mar 01, 2021 at 7:03 am
TheThailandLife says
Mar 01, 2021 at 5:18 pm
Max says
Mar 04, 2021 at 7:18 am
JamesE says
Mar 04, 2021 at 4:21 pm
Max says
Mar 04, 2021 at 6:24 pm
JamesE says
Mar 04, 2021 at 7:31 pm
michael barber says
Mar 04, 2021 at 8:42 pm
Max says
Mar 05, 2021 at 8:11 am
michael barber says
Mar 05, 2021 at 5:53 pm
Max says
Mar 05, 2021 at 8:27 am
Don jones says
Apr 09, 2021 at 8:36 am
Brian Marshall says
Stay safe!!
Apr 08, 2021 at 7:35 pm
Max says
Apr 08, 2021 at 7:53 pm
Don jones says
Apr 09, 2021 at 8:32 am
Max says
Apr 09, 2021 at 5:23 pm
Peter Booth says
Would you recommend the wise app for this & if so what kind of fee could I expect & how long would it take ?
Feb 24, 2021 at 8:38 am
TheThailandLife says
Feb 24, 2021 at 5:40 pm
Peter says
Feb 25, 2021 at 3:55 pm
Ben says
Feb 24, 2021 at 9:29 pm
Peter says
Feb 25, 2021 at 3:58 pm
Max says
Feb 25, 2021 at 5:22 pm
Ben says
Feb 14, 2021 at 3:47 am
Max says
Feb 14, 2021 at 8:51 am
Robert Johnson says
Feb 09, 2021 at 5:48 pm
Max says
Feb 10, 2021 at 1:39 pm
Bob says
Feb 11, 2021 at 11:01 am
Max says
Feb 12, 2021 at 12:11 am
jbup2u says
Feb 05, 2021 at 10:36 pm
Max says
Feb 08, 2021 at 8:07 am
Don B. says
Dec 26, 2020 at 9:41 am
TheThailandLife says
Dec 26, 2020 at 11:46 pm
Don B. says
Dec 27, 2020 at 10:42 am
JamesE says
Dec 28, 2020 at 12:58 am
JamesE says
Dec 26, 2020 at 11:46 pm
Max says
Dec 28, 2020 at 1:06 pm
JamesE says
Dec 28, 2020 at 11:18 pm
Don B. says
Dec 29, 2020 at 7:48 am
Max says
Dec 27, 2020 at 10:36 am
Larry Bardelmeier says
Thanks.
Dec 08, 2020 at 11:12 pm
JamesE says
Dec 08, 2020 at 11:23 pm
Frankbank says
Nov 26, 2020 at 8:06 pm
TheThailandLife says
Nov 26, 2020 at 8:17 pm
Frankbank says
But that isn't a problem because I don't need to put it in my U.S. bank account anyway since I live here. So it seems that Paypal knows I am in Thailand.
But you mean that if I delete my BB and Citibank accounts from Paypal then I can just give them this borderless bank account number and they won't care where I live ?
Nov 27, 2020 at 12:39 am
TheThailandLife says
Nov 27, 2020 at 12:49 am
Frankbank says
Anyway, as you know , paypal takes out their fee every time you take some money out.So of course it is efficient.
You said: " You can convert currencies inside the account".
Right. The U.S. company pays Dollars into Paypal and then PP sends it in Thai Baht to my BB acount.
So you are saying I can't use the Borderless account with Paypal after all ? I don't understand.
Nov 27, 2020 at 1:46 am
TheThailandLife says
Nov 27, 2020 at 1:51 am
Noel says
But isn't the whole idea to avoid PayPal's fees and have the American company deposit the money in a US PayPal account? And then use TW whenever you want some money sent here to Thailand.
Dec 09, 2020 at 7:30 pm
TheThailandLife says
Dec 09, 2020 at 9:54 pm
Noel says
Als, when I mentioned my Citibank account, I don't transfer it. I just use my U.S. debit card at Thai Citibanks ATMs and they charge about $15 to take out $500
Dec 10, 2020 at 12:39 am
TheThailandLife says
Dec 10, 2020 at 12:48 am
Max says
Dec 10, 2020 at 8:14 am
TheThailandLife says
Dec 10, 2020 at 4:39 pm
James says
I thought the ACH through BKK bank NY to BKK bank Thailand route was shut down a long time ago.
Dec 16, 2020 at 12:54 am
TheThailandLife says
Dec 16, 2020 at 1:11 am
Max says
Dec 16, 2020 at 7:21 am
JamesE says
Dec 09, 2020 at 11:40 pm
Noel says
Do you think a free VPN would work for that ?
Dec 10, 2020 at 1:09 am
JamesE says
Dec 10, 2020 at 2:22 am
Max says
Nov 27, 2020 at 8:58 am
Munnster says
Oct 30, 2020 at 2:36 am
TheThailandLife says
Oct 30, 2020 at 5:23 pm
Peter says
It depends on day, time and obviously sum.
More tourist money flows into TH than out!
Oct 15, 2020 at 1:20 am
TheThailandLife says
Oct 15, 2020 at 5:03 pm
Max says
Oct 15, 2020 at 5:43 pm
John Blake Jr. says
Sep 06, 2020 at 8:10 am
Max says
Sep 06, 2020 at 9:14 pm
James E says
Sep 06, 2020 at 11:22 pm
Max says
Sep 07, 2020 at 8:50 am
preesy chepuce says
It's handy to be able to just use the card in shops and restaurants, but some shops like 7-11, aren't as user-friendly with cards as others. Even with Thai bank cards 7 has thresholds that others don't have. The QR codes seem to be handy, have to be linked to a phone and Thai account.
I try to do the sums on TW, but I don't know whether converting to THB is a good idea or not. Normally I only do small amounts because the GBP - THB rate has been so awful since the Brexit vote. I've paid in GBP in a shop with a TW card, and it doesn't seem to cost any different than if I'd paid with THB, but I guess if you did it a lot, the spot exchange rates would build up.
I want to try sending a large amount, several thousand, from UK to Thailand via TW, so now it matters more. They have a guide, but it still isn't entirely clear.
Not all Thai banks are equal, and I don't know the diff between procedures in Bangkok Bank, SCB, Kasikorn, KrungThai, and KrungSri etc...
I thought there was an effective maximum of £5000 per transfer before some alarm is triggered in the UK. It seems like it's a £1000
https://www.gov.uk/guidance/how-to-comply-with-eu-payments-regulation
It sounds like the low cost transfer and funds for long term stay are the best options.
Nov 01, 2020 at 9:14 am
Max says
Nov 02, 2020 at 4:42 pm
ray goodwin says
Aug 08, 2020 at 11:19 am
TheThailandLife says
Aug 09, 2020 at 4:03 am
wachirapranee tesprasit says
Oct 21, 2020 at 2:36 pm
Max says
Oct 21, 2020 at 4:34 pm
JamesE says
Oct 22, 2020 at 6:30 am
Terrence Barker says
TERRY
Jun 05, 2020 at 5:44 am
Max says
Jun 05, 2020 at 8:05 am
Gus says
May 27, 2020 at 4:38 pm
James E says
May 27, 2020 at 10:27 pm
Ken says
May 18, 2020 at 8:10 pm
TheThailandLife says
May 18, 2020 at 9:30 pm
Dan says
May 11, 2020 at 4:53 pm
Max says
When sending money you have to chose a reason for the transfer. For the money to show up as an international transfer (FTT in the bank book at Bangkok Bank) you MUST chose "Funds for long term stay in Thailand". This will only work when banking with one of the 3 partner banks. If banking with other Thai banks,the transfer will show up as an "Interbank Transfer" = a domestic transfer. I have used TW since 2017 and I'm banking with Bangkok Bank. I never have problems,and my transfers shows up as foreign/international. When using the monthly income method this is important,but less important than it was a year ago. Immigration has learned that transfers don't show up the same way at every bank and with same bank codes, and only people from the US,UK and Australia needs bank statements.
May 11, 2020 at 7:41 pm
Ian says
Mines showing up as code TRN and teller MCL00001+
It was my first transaction with Tranferwise and i expected a different code
Thanks
May 29, 2020 at 12:11 am
Max says
May 29, 2020 at 8:09 am
Ian says
I explained about using "Funds for long term stay in Thailand" reason.
They're going to look into it and should reply in 2-3 working days.
May 29, 2020 at 9:05 pm
Max says
May 29, 2020 at 9:40 pm
Ian says
Hi Ian,
I'm reaching out to you regarding your call yesterday, about foreign payments to Thailand.
TransferWise isn’t authorised by the Bank of Thailand to issue FET forms. It’s because of how we work: when you send money with us, we use our Thai banking partners to send out your money locally. It doesn’t cross any borders, so it doesn’t show up as a foreign transaction.
So you need to ask for a FET form from our bank partner. You can check which bank this is on your transfer receipt. To find it:
Go to the transfer in the Activity section of your TransferWise account
Click View transfer details
Click Download PDF receipt
Go to the second page to find banking partner details
If the transfer was sent out by Bangkok Bank and the recipient (you) has an account with them, the recipient needs to go to their branch of Bangkok Bank with:
their Bangkok Bank Savings Passbook, or a statement showing the transaction
their passport
the agreement of the purchase of a condominium, if buying property with the money
If the transfer was sent out by Bangkok Bank and the recipient doesn’t have an account with them, they’ll need to reach out to Bangkok Bank’s head office at 333 Silom Road Bangrak with:
credit receipt of the specific bank transaction
their passport
the agreement of the purchase of a condominium, if buying property with the money
Once Bangkok Bank has checked these documents, they’ll issue a confirmation letter to the recipient. They can then use this to prove that the money came from abroad.
Bangkok Bank charges a 100 THB fee for the FET letter.
If the transfer was sent out by Kasikorn Bank, the recipient needs to go to their nearest Kasikorn Bank International Trade centre. They’ll need to bring:
their Bank Savings Passbook or statement showing the transaction
their passport
their visa (if applicable)
Kasikorn Bank may charge an administration fee.
Please be advised that, sometimes, we might send your transfer through a different banking partner who can’t provide a FET. This might be because of a technical issue, or some other unforeseen event. If you know you definitely need a FET, it’s best that you send a SWIFT transfer with your bank this time. SWIFT is a more expensive method, because it’s not a local transfer. But it does mean you'll be able to prove that the money came from abroad.
Hope this helps. But should you have further questions, let us know.
Best regards,
Eszter
TransferWise
May 30, 2020 at 4:14 pm
Max says
May 30, 2020 at 7:16 pm
Ian says
Feels like i'm getting somewhere now.
Hope this helps others.
We are aware of the issue you mentioned as there was an update from 1st June 2019 since Kasikorn bank transfers are no longer shown as foreign transfers in recipient bank details.
Transferwise has been doing domestic local transfers in Thailand, however we received feedback from our customers that Bangkok Bank (BBL) & Kasikorn Bank (Kbank) are capable of showing their transfers as international transfers if we are sending BBL to BBL or Kbank to Kbank.
Out of goodwill, we will still help our customers to route their payments via their desired payout partners but please advised it cannot be guaranteed 100% that it will always work due to numerous reasons.
We can make the necessary changes on your profile to ensure we will route your transfers via your requested bank but please remember if it happens to be re-routed during one or another transfer, we won't be able to cancel the completed transfer.
Please reply back to this email and let us know which bank in this case you wish to be routed.
Thanks in advance,
Barbara from Transferwise
May 31, 2020 at 3:39 pm
Norman says
Jun 10, 2020 at 4:26 pm
preesy chepuce says
It seems that Bangkok Bank is the best option for foreigners using TW who want the FTT. It's a shame, because Kasikorn apps are better than Bangkok Bank.
Nov 01, 2020 at 10:05 am
Max says
I transferred money to my K-Bank account about a week ago, and it showed up as international. It depends on how you transfer the money. For example,a transfer using swift will always show up as international and also when using a few other methods, while some will show up as domestic/interbank transfers. If using TW, it's best to contact TW and tell them to tag the account to K-Bank. That makes the transfer to go straight to K-Bank instead of TW using one of their other two banking partners for the last leg. You shall also use the correct reason for the transfer: "Funds for long term stay in Thailand". I do actually think that TW-transfers works best with Bangkok Bank if it's really important that the transfers shows up as international/foreign. If they don't, you can always get credit advices for those transfers from the bank, and also print out the pdf-receipts that comes with every TW-transfer.
Nov 02, 2020 at 3:11 pm
Norman says
Jun 09, 2020 at 12:07 pm
preesy chepuce says
Why would they change from something that works to something that doesn't?!
Nov 01, 2020 at 10:06 am
Mikey says
Jun 24, 2020 at 3:39 pm
Max says
There will be no sending fees or receiving fees. You only pay TW's fee and you'll see the exact total fee (and the guaranteed rate) when you initiate the transfer. The reason there are no receiving fee is the way TW transfers the money to the receiving account. They just transfer the money locally = a domestic transfer. Hence, not a real international transfer. Choose the "Low cost transfer"-option to get the lowest fee. That transfer takes 24 hours the most,unless it's a weekend or Thai holiday. Send money Mon-Thursday. "Fast transfer" will be faster but with a slightly higher fee,but who needs money in 1-2 hours? I don't.
Jun 24, 2020 at 5:56 pm
Anthony Capilli says
Jul 20, 2020 at 12:26 pm
Max says
Jul 20, 2020 at 4:26 pm
Anthony Handley says
Aug 15, 2020 at 3:09 pm
Max Fredriksson says
Aug 15, 2020 at 7:01 pm
James E says
Aug 15, 2020 at 10:27 pm
Max says
Aug 16, 2020 at 1:51 pm
preesy chepuce says
I guess that you can't really use a joint Bangkok bank account, so you have to set up your own Bangkok Bank, TMB, or Kasikorn.
Getting paid locally over 40k/mo into KrungThai maybe won't matter, as it doesn't need to show as international anyway.
Nov 01, 2020 at 9:21 am
Max says
Nov 02, 2020 at 2:15 pm
John Blake Jr. says
Sep 06, 2020 at 8:25 am
Max says
Sep 06, 2020 at 8:45 pm
JP says
And no, BKK Bank does not charge me a receiving fee.
May 01, 2020 at 12:28 pm
Max says
May 01, 2020 at 4:18 pm
Martin1 says
Bangkok Bank has a subsidiary in the US! (I think in New York).
Someone told me that it is possible to send money to that branch, and it will be remitted to Thailand for free.
You might want to contact that branch.
May 12, 2020 at 12:14 am
Max says
May 18, 2020 at 11:55 pm
James E says
May 19, 2020 at 10:02 pm
Penelope Morton says
Apr 08, 2020 at 8:39 am
Max says
Apr 08, 2020 at 7:39 pm
James E says
Apr 08, 2020 at 10:05 pm
Norman says
You must have a work permit or further proof of origin of funds,exchange rate has a /% loading
Jun 09, 2020 at 12:26 pm
Max says
What are you talking about? A 1500 baht fee for the credit advise? There's no need for a work permit, this guy already has an account. Showing the source of the transfer is one thing, but not a problem to get a proof of the source. When TW tags his profile,his transfers will show up as international,just as mine do at Bangkok Bank.
Jun 09, 2020 at 4:57 pm
Tony Flynn says
Mar 24, 2020 at 8:02 am
TheThailandLife says
Mar 24, 2020 at 5:41 pm
Max says
Using TW you get the mid-market rate,which is better than the TT buy and no receiving fee. You're just paying TW's fee. The rate is also guaranteed. The transfer normally arrives next day unless it's a weekend.
Mar 24, 2020 at 7:12 pm
Mike Atkinson says
Even when I tick the box "sender pays all charges'" on the HSBC transfer request my recipient still gets the incoming fee deducted everytime.
Look forward to input
Best regards
Mike
Mar 23, 2020 at 10:08 pm
James E says
Mar 24, 2020 at 6:51 am
Max says
Mar 24, 2020 at 11:53 am
ROB says
Apr 22, 2020 at 11:09 pm
James E says
Apr 23, 2020 at 2:51 am
Max says
Apr 23, 2020 at 9:13 am
James E says
Apr 23, 2020 at 10:22 pm
Max says
This is only when sending USD, not other currencies.
May 07, 2020 at 9:53 pm
Max says
Apr 23, 2020 at 8:40 am
Steve Ginn says
Apr 23, 2020 at 11:08 am
Steve Ginn says
Apr 23, 2020 at 11:09 am
Max says
Apr 23, 2020 at 6:06 pm
rob says
Apr 23, 2020 at 8:27 pm
Max says
Apr 23, 2020 at 10:48 pm
Pino says
Mar 20, 2020 at 10:46 am
Max says
Mar 20, 2020 at 7:25 pm
Steve Ginn says
Mar 15, 2020 at 9:48 am
Max says
Mar 15, 2020 at 7:08 pm
James E says
Mar 07, 2020 at 1:06 am
RM says
Feb 05, 2020 at 10:30 pm
Max says
Feb 12, 2020 at 4:01 pm
James E says
Feb 12, 2020 at 11:34 pm
Max says
Hence, it's not an alternative to the normal TW-transfers or your WU-transfers. You and the guy with the TW-card are just tourists,nothing else.
Feb 13, 2020 at 8:33 am
James E says
Feb 13, 2020 at 11:09 pm
preesy chepuce says
I don't know why people are so sensitive about being called "tourists" or why they feel somehow lower status than people who are "permanent residents", these are legal terms that affect money issues, like transferring cash and tax.
You will note that having a WP will get you different things than being retired in Thailand or being a tourist or other category of vistor. This is all parallel to ones residency status.
Nov 01, 2020 at 9:48 am
Max says
Nov 02, 2020 at 2:49 pm
Paul Smith says
Feb 05, 2020 at 12:47 am
Eddy D'Joos says
Feb 27, 2020 at 10:19 pm
Andrew says
Feb 04, 2020 at 2:19 pm
John says
Is it still possible to send funds through TransferWise to a personal bank account in Thailand?
Feb 02, 2020 at 10:59 am
Max says
Feb 02, 2020 at 7:49 pm
Greg says
Better late then never, but now I read that sending paper currency to someone in Thailand seems to have only a 25% chance, or so, of actually arriving.
Is that accurate? Should we just take our chances?
Thank you,
Greg
Jan 28, 2020 at 9:52 pm
TheThailandLife says
Jan 28, 2020 at 9:55 pm
Max says
As you said,sending cash is not very smart.
Jan 28, 2020 at 10:35 pm
TheThailandLife says
Jan 28, 2020 at 10:37 pm
Max says
Jan 28, 2020 at 11:15 pm
TheThailandLife says
Jan 28, 2020 at 11:36 pm
Greg says
Jan 29, 2020 at 12:52 am
TheThailandLife says
Jan 29, 2020 at 1:49 am
Greg says
Jan 29, 2020 at 9:32 am
Max says
Using it once or twice a year instead of WU is in my opinion unnecessary. You have already lost money when you bought baht in the US,and you also have to pay for the trackable service. Using for example UPS is not cheap. It doesn't matter how you transfer money in the future,you won't break even.
Jan 29, 2020 at 9:49 am
TonyT says
Jan 20, 2020 at 1:01 am
Max says
Jan 20, 2020 at 12:13 pm
TonyT says
In fact it used to take two days to come through but lately it takes less than 1 day. I transfer from Nat in Australia to Bangkok Bank - I think these banks have a banking agreement (forget what they call it) and since Transferwise started using Chase Bank the time is even less. My last transfer was from ANZ to BKB, ordered late about 1.30pm Thai time & it arrived next day at 9:00am. I could not believe it. I never bother to study the conversion rate as it is always very good. I started off with a small transfer to be sure but no worry now, they have more than proven themselves. Just enter your numbers once & each time you can just select the "My payee" & the amount when transferring your AUD, it is so easy.
Jan 20, 2020 at 12:57 am
James E says
Dec 20, 2019 at 2:20 am
Max says
Dec 20, 2019 at 7:59 pm
James E says
Dec 21, 2019 at 12:12 am
Max says
Dec 21, 2019 at 6:37 pm
James E says
Dec 22, 2019 at 12:03 am
James E says
Jan 06, 2020 at 7:17 am
TheThailandLife says
Jan 06, 2020 at 6:34 pm
James E says
Jan 06, 2020 at 11:52 pm
Max says
Jan 06, 2020 at 8:56 pm
James E says
Jan 06, 2020 at 11:57 pm
Max says
Jan 07, 2020 at 8:53 am
James E says
Jan 08, 2020 at 12:37 am
James E says
Feb 12, 2020 at 3:26 am
Max says
If using WU in Europe and transfer from a bank account or via a debit card to a Thai bank account, you have to pay either a local standard fee to the sending bank or a debit card withdrawal fee on top of the €2.90 which is the WU fee. Then I guess the receiving fee will be 200 Baht. These fees together are more expensive than doing a bank to bank transfer using swift,and much more expensive than a TW-transfer. The only way for WU to transfer money from the US to Thailand as cheap as you claim,is a fee discount. Using WU from Europe is not an option unless you make a very good deal with your bank.
Feb 12, 2020 at 3:48 pm
James E says
Feb 12, 2020 at 11:47 pm
Max says
Feb 13, 2020 at 7:56 am
James E says
Jan 11, 2020 at 1:05 am
TheThailandLife says
Jan 11, 2020 at 1:32 am
James E says
Jan 11, 2020 at 1:40 am
Max says
They always give you the mid-market rate, which is always better than the TT buy which is the rate banks are using. If it wasn't for TW, there wouldn't be any good alternatives (read competitors) when transferring money, especially from the US. Have you thought about that? I'm from Europe (within the EU),and we don't have any problems with paranoid banking authorities who thinks 'everybody' are involved in money laundering. Hence, easier and faster transfers.
Jan 11, 2020 at 9:35 am
James E says
Jan 12, 2020 at 12:03 am
James E says
Jan 13, 2020 at 7:15 am
Max says
Jan 13, 2020 at 6:00 pm
James E says
Jan 14, 2020 at 12:28 am
Pertti Suominen says
Jan 14, 2020 at 8:40 am
TheThailandLife says
Jan 14, 2020 at 6:36 pm
Max says
I would say much slower,my TW transfers always arrive within 24 hours,and I'm using the Low cost transfer. My transfers are ALWAYS international transfers with the bank code FTT in my bank book.
When banking with Bangkok Bank or even K-Bank and using the correct reason for transfer, "Funds for long term stay in Thailand", the transfers shows up as international. This is a well known fact among TW-users (I've used them since 2017). So, either you're banking with wrong bank in Thailand,or, you're choosing wrong reason for transfer (or a combination of both). Otherwise,the transfers would show up the way you want it.
Jan 11, 2020 at 9:13 am
James E says
Jan 12, 2020 at 12:08 am
Max says
Feb 12, 2020 at 4:46 pm
Ron-De-Voux says
Feb 12, 2020 at 4:02 am
Jeff Proulx says
I was mad when I heard this as this is more expensive than a regular transfer through a Canadian bank (Scotiabank = $15 CAD) with no Thai bank deduction.
To make sure that TW was still the best, a few minutes ago (while writing this post in fact), I decided to initiate another transfer from my TransferWise Borderless account in THB just to see if Kasikorn would deduct 100 baht again. The answer is no! The amount that TW shows when you start a transfer on TW really is what you get when it arrives in Thailand!
Transferwise is definitely/still the best funds transfer service from Canada after testing out 4-5 and I am now in the process of closing down the XE.com account that I had opened just a few weeks ago.
I hope this experience helps someone else.
Dec 18, 2019 at 3:08 pm
anthony godfrey akhurst says
Nov 26, 2019 at 3:42 pm
Max says
Nov 26, 2019 at 7:03 pm
TonyT says
Jan 30, 2020 at 1:47 pm
Max says
Jan 31, 2020 at 8:19 pm
TonyT says
(a) Getting a fast transfer
(b) Getting a fair conversion rate
(c) Not having to pay high bank fees
TW does all of that. I do not care if another way saves me an additional baht or two, Get a life guys!
Feb 12, 2020 at 7:54 am
Max says
Feb 12, 2020 at 8:53 pm
Pertti Suominen says
BTW Opened a bank account (Bangkok Bank / Lamphun) with a SETV (Single Entry Tourist Visa).
Documents: Thai drivers license, Passport, copies of Residence Certificate and Lease contract. Took about twenty minutes.
Nov 14, 2019 at 4:18 pm
Max says
Thanks for the lovely and useful page in how to transfer money to Thailand. You mentioned the use of the convenient transfer wise. What if you need to transfer money from Canada to Thailand, transfer wise does not offer this option as far as i know......regards
Nov 05, 2019 at 8:33 pm
Max says
Nov 05, 2019 at 9:57 pm
James E says
Nov 05, 2019 at 11:17 pm
John McAuley says
Nov 04, 2019 at 4:05 pm
James E says
Nov 04, 2019 at 10:59 pm
Mike says
Great article, btw. Well written. Clear.
Oct 31, 2019 at 8:52 pm
Max says
Oct 31, 2019 at 10:12 pm
TheThailandLife says
Oct 31, 2019 at 10:21 pm
Jon says
But YMMV.
Nov 22, 2019 at 3:04 am
TonyT says
Jan 30, 2020 at 2:01 pm
Max says
Jan 31, 2020 at 8:09 pm
James E says
Jan 31, 2020 at 11:04 pm
TheThailandLife says
Jan 31, 2020 at 11:06 pm
Max says
Feb 01, 2020 at 8:08 am
TheThailandLife says
Feb 01, 2020 at 6:11 pm
Max says
Feb 01, 2020 at 6:29 pm
TheThailandLife says
Feb 01, 2020 at 6:38 pm
Max says
Feb 01, 2020 at 7:35 pm
TheThailandLife says
Feb 02, 2020 at 3:16 am
James E says
Feb 02, 2020 at 1:07 am
TheThailandLife says
Feb 02, 2020 at 3:16 am
TonyT says
Feb 13, 2020 at 8:52 am
Steve says
I wonder how to make a transfer from france to thailand for condominium purchase reason. I already used transferwise and when it comes to high amounts 10000EUR+, they let me do a transfer to a german bank which then transfers it to the thai bank.
That works well, but thepurchasename has to bethecondominium name to show clearly the purchase reason. Problem is that in order to use transferwise and the intermediate bank, i get a purchase name from TW so that the bank knows the purpose...but that does not show the condo purchase any more. What to do to change this? Any idea?
Thx in advance if someone got solution
Oct 31, 2019 at 4:08 pm
Max says
Nov 01, 2019 at 9:13 am
Steve says
I think you are right, maybe this case comes to the limits of TW.
I'll keep updated if i get news and if i can contact them.
Thank you
Nov 02, 2019 at 2:01 pm
John roberts says
Nov 11, 2019 at 10:33 pm
TheThailandLife says
Nov 11, 2019 at 11:48 pm
SALEH ALRIFAI says
I try to transfer euro, with Transferwise, from my account in Spain to my foreign currency account in Kasikorn Bank.
The application ask for the IBAN code, but in Kasikorn they told me that they dont have this code , only Swift code!!!!
Can i make the transfer in Euro with Swift code only?
Thak you very much
Oct 29, 2019 at 10:08 am
Max says
Oct 29, 2019 at 5:48 pm
Jethro says
BUT... It only took 15 minutes!!
Oct 29, 2019 at 1:14 am
Max says
Oct 29, 2019 at 5:51 pm
Max says
Oct 29, 2019 at 5:55 pm
Willy says
Oct 28, 2019 at 5:42 pm
James E says
Oct 29, 2019 at 12:19 am
Mike says
Oct 25, 2019 at 8:09 am
James E says
Oct 25, 2019 at 10:07 pm
Mike says
Oct 27, 2019 at 8:38 am
Max says
Oct 26, 2019 at 12:22 pm
mcmeister says
Oct 26, 2019 at 10:02 pm
James E says
Oct 26, 2019 at 10:37 pm
Max says
Transfer money (THB) abroad from a savings account is not possible.
Oct 27, 2019 at 9:01 am
Max says
Oct 27, 2019 at 12:09 am
James E says
Oct 27, 2019 at 6:53 am
Mike says
Oct 27, 2019 at 8:39 am
TonyT says
Jan 29, 2020 at 9:05 am
Max says
Jan 29, 2020 at 9:51 pm
James E says
Jan 29, 2020 at 11:49 pm
Max says
Jan 30, 2020 at 12:03 am
Scott says
Oct 17, 2019 at 5:50 pm
TheThailandLife says
Oct 17, 2019 at 6:51 pm
Yvonne says
Oct 15, 2019 at 6:28 pm
Max says
Oct 15, 2019 at 10:02 pm
James E says
Oct 16, 2019 at 6:38 am
Philip says
However, there is one BIG problem because of the way TransferWise works.
The SMS notification from my bank said I had received a transfer from KBNK, which I assume is Kasikorn Bank in Thailand. I just called my bank's call centre (SCB) and asked them for details of the transfer. They confirmed that is was just a local transfer and NOT an international transfer.
As we all know, foreign Embassies in Thailand have stopped issuing letters verifying income from abroad but Thai immigration will now accept statements from Thai banks provided there is evidence that money deposited comes from abroad. TransferWise transfers do not come from abroad because TransferWise bypasses the SWIFT system.
When you do a transfer the money from your home bank account goes to the TransferWise office in your country. They then contact their office in Thailand, which organises a transfer from their Thai bank account to your Thai bank account.
Doing it this way is very fast and keeps costs down, but it doesn't provide the crucial piece of information for Thai immigration. It's just a local transfer, not an international transfer.
If you don't have the required lump sum in a Thai bank account and need to show immigration that you have the required monthly income from abroad, then TransferWise isn't going to work.
Oct 09, 2019 at 2:13 pm
James E says
Oct 09, 2019 at 5:45 pm
Max says
Oct 10, 2019 at 7:41 pm
jim j fox says
Planning 3/6 mths in Thailand next year so will transfer the required amount to BKK Bank to get the visa. Used to have the 'Retirement Visa' but hardly worth the bother, for me.
Sep 29, 2019 at 2:30 pm
Fabio says
I was making many transfer into it using transferwise, But then in HuaHin I forgot to get my card out the ATM (as in TH the card get returned as last) and lost my card.
Went in Branch and asked for a new card and my account was registered with a phone number that I did not recognized and ask them to change.
Got a new card and from that moment on I could not make any transfer into my KMA account. I called the customer service and got told that non residents cannot make payments into a Thai account.
But I have managed to send £50 into (17XX THB) it and that was it... I tried £200 then £300 then £100 and all keeps on getting sent back to me :-(
What could it be?
Sep 22, 2019 at 3:11 pm
TheThailandLife says
Sep 22, 2019 at 8:39 pm
Max says
Sep 22, 2019 at 11:02 pm
Max says
Sep 22, 2019 at 11:06 pm
Fabio says
Sep 25, 2019 at 2:06 pm
James E says
Sep 18, 2019 at 10:33 pm
Max says
Sep 19, 2019 at 9:04 am
James E says
Sep 20, 2019 at 10:25 pm
Max says
Sep 21, 2019 at 10:56 am
carl clark-darby says
Sep 17, 2019 at 10:58 am
James E says
Sep 17, 2019 at 10:52 pm
Max says
Sep 18, 2019 at 12:23 am
Fabio says
I've heard that it's quite hard to open a current account in TH for non resident.
I have mine opened but it's so limited to what I can do with it. I cannot use it not even to top up my True-H mobile pre paid SIM.
P.S. That it's not so much of a problems, since I use my Transferwise card for it
Sep 22, 2019 at 3:21 pm
Max says
I have never heard about a limited account.Bangkok Bank requires a reference from an embassy or a Certificate of Residence from Immigration. If having a account like yours, then it's totally useless.
Sep 22, 2019 at 10:54 pm
Richard says
Sep 16, 2019 at 4:40 pm
TheThailandLife says
Sep 16, 2019 at 6:43 pm
Michael Stevens says
Aug 08, 2019 at 5:37 pm
Rob says
Aug 08, 2019 at 6:29 pm
Max says
Aug 29, 2019 at 6:37 pm
TheThailandLife says
Aug 08, 2019 at 6:34 pm
Michael Stevens says
Aug 14, 2019 at 2:45 am
TheThailandLife says
Aug 14, 2019 at 3:59 am
Max says
Aug 29, 2019 at 6:53 pm
James E says
Aug 08, 2019 at 9:45 pm
david bailey says
Aug 06, 2019 at 2:29 pm
TheThailandLife says
Aug 06, 2019 at 5:21 pm
David Anthony (Tony) Evans says
Jul 06, 2019 at 1:25 pm
TheThailandLife says
Jul 07, 2019 at 3:47 am
Max says
Aug 29, 2019 at 3:33 pm
Mike Utumapu says
Mike
Jul 02, 2019 at 3:55 am
TheThailandLife says
Jul 02, 2019 at 4:03 am
Neill Jaslowski says
Jun 29, 2019 at 8:42 pm
TheThailandLife says
Jun 30, 2019 at 3:15 am
Rob Cobban says
Jul 01, 2019 at 3:20 pm
TheThailandLife says
Jul 01, 2019 at 4:34 pm
James E says
Jul 02, 2019 at 1:02 am
Colin says
Jun 20, 2019 at 12:09 am
TheThailandLife says
Jul 02, 2019 at 2:09 am
Max says
Then the transfer can take up to 3 days. 😏
Aug 29, 2019 at 3:39 pm
Rob says
Jun 17, 2019 at 8:59 pm
James E says
Jun 17, 2019 at 11:45 pm
TheThailandLife says
Jun 18, 2019 at 12:02 am
James E says
Jun 18, 2019 at 3:03 am
TheThailandLife says
Jun 18, 2019 at 3:07 am
James E says
Jun 18, 2019 at 11:36 am
TheThailandLife says
Jun 18, 2019 at 2:06 pm
Rob says
Instarem whilst a little convoluted with their rego process have been fine on transactions. All my transactions are originally in AUD.
Regards
Jun 18, 2019 at 11:57 pm
James E says
Jun 20, 2019 at 10:29 pm
Rob C says
Jun 20, 2019 at 11:57 pm
James E says
Jun 25, 2019 at 11:54 pm
TheThailandLife says
Jun 26, 2019 at 12:18 am
James E says
Jun 22, 2019 at 3:37 am
James E says
Aug 03, 2019 at 11:16 pm
TheThailandLife says
Aug 04, 2019 at 4:42 pm
Noel says
It shows Bank debit (ACH)- 3.09 USD fee, then total fee of $10.51
for $1000.
That's more than my US Citibank charges
Dec 09, 2020 at 8:19 pm
TheThailandLife says
Dec 09, 2020 at 9:56 pm
Rob C says
Jun 20, 2019 at 10:08 am
sidney leonard says
I registered with Transferwise and attempted a trial transfer of $10, but when I entered all the required Bangkok Bank, (where my wife and I have a joint savings account) information I got the message "we cannot currently accept payments to this recipient."
Do you know if Bangkok Bank allows transfers from USA via Transferwise, and, if so, do you know of others who use Transferwise for Bangkok and are pleased with their service?
Thank you,
Sid Leonard
Jun 06, 2019 at 5:32 am
TheThailandLife says
Jun 06, 2019 at 6:12 pm
James E says
Jun 06, 2019 at 11:19 pm
L. rees says
Jun 01, 2019 at 7:02 pm
James says
May 28, 2019 at 12:41 am
TheThailandLife says
May 28, 2019 at 12:44 am
Sam Williams says
May 17, 2019 at 10:25 pm
TheThailandLife says
May 18, 2019 at 12:18 am
Tim K says
May 19, 2019 at 5:52 pm
Stan J says
May 17, 2019 at 6:28 pm
TheThailandLife says
May 18, 2019 at 12:27 am
Pickles says
May 15, 2019 at 3:39 pm
TheThailandLife says
May 15, 2019 at 3:51 pm
JONATHAN BOOTH says
Don't transfer on a Friday, Saturday, Sunday - they are not a 24x7 organisation and work by matching cash required here to cash transfers in the other direction (so no cash actually moves except for a local transfer to your local account). Since they don't work weekends you won't get your money until the following Monday/Tuesday. I once waited over 5 working days to get 1,000 from the UK.
On the other hand, I have transferred 1,000 from the UK early Friday morning Thai time and received it by 5:00 PM same day! It just depends on your luck if they can match THB and GBP transfer requests.
May 15, 2019 at 2:36 pm
TheThailandLife says
May 15, 2019 at 3:49 pm
Max says
Aug 29, 2019 at 4:12 pm
Lo Chan says
Sep 17, 2019 at 7:26 pm
Max says
Sep 18, 2019 at 12:16 am
James E says
Sep 18, 2019 at 12:38 am
Max says
As a reference you MUST enter your membership number.
Sep 18, 2019 at 4:01 pm
James E says
Sep 18, 2019 at 10:21 pm
Amaris says
May 13, 2019 at 7:53 am
TheThailandLife says
May 13, 2019 at 4:32 pm
James E says
May 13, 2019 at 10:18 pm
Murray A says
Another option, if you have your banking information, would be to wire yourself some money online. If you can access your Chase account, there should be a provision to wire yourself funds to Western Union.
Good luck! I know it's not fun to be going through.
May 14, 2019 at 10:41 am
Grayem I says
Apr 06, 2019 at 12:08 am
TheThailandLife says
Apr 06, 2019 at 12:56 am
Max says
Aug 29, 2019 at 4:19 pm
B. Kane says
Mar 23, 2019 at 1:39 pm
Murray says
Now any savings is nice, but the problem is that I would still have to get my money from my Canadian account into my TransferWise account first, and my Canadian bank would ding me extra for that. So Transfer Wise would safe me a small money on the transfer, but I'd get dinged by my bank for moving the money from my Canadian bank account into my TransferWise account that would undoubtedly exceed the 300 baht TransferWise says that they would save me. I fail to see how this would be a good thing.
Mar 18, 2019 at 3:43 pm
TheThailandLife says
Mar 18, 2019 at 6:24 pm
Murray A says
May 14, 2019 at 10:44 am
James E says
Mar 18, 2019 at 10:00 pm
JP says
You do not ask your bank to transfer money. Yes, this is costly.
You pay TWise with a debit card linked to your account (credit card has a higher fee).
Or, if you are on some internet-access account, I guess that you have the possibility to pay TWise directly from your account.
TWise has also (maybe a bit complicated, but if all the above fail) a debit card account that you can start: put some money (little is ok) in any currency you want, and you'll receive a debit card that is loaded with the money you put on it. But... you can use the money from your debit card to send abroad as well. So if all the above fail for some reason, you could send money from your TWise debit card account, by simply transferring money to your recipient.
Mar 19, 2019 at 12:44 am
Gordon Dolan says
Already had Bangkok Bank acc, far better service & less trouble to set up.
Mar 21, 2019 at 10:46 pm
Max says
Aug 29, 2019 at 4:27 pm
Murray A says
The first transfer took a bit of setting up, but the 2nd transfer took all of 5 minutes. Super easy!
Sep 10, 2019 at 4:16 am
Bob Ferguson says
Mar 12, 2019 at 7:01 am
TheThailandLife says
Mar 12, 2019 at 7:04 pm
Max says
Aug 29, 2019 at 4:30 pm
MJ says
Mar 02, 2019 at 1:54 pm
James E says
So, if TW does the same with Kasikorn you should get the same message. Maybe somebody with K-bank can weigh in.
Mar 03, 2019 at 4:59 am
Rob C says
Jun 19, 2019 at 12:09 am
Jeremy says
Feb 12, 2019 at 4:53 pm
Mike says
Feb 07, 2019 at 11:32 am
James E says
Feb 07, 2019 at 10:14 pm
Mike says
Feb 08, 2019 at 3:10 am
TheThailandLife says
Feb 08, 2019 at 9:35 pm
Mike says
Feb 09, 2019 at 3:29 am
Mike says
"Your money might take up to 7 days to get to us. We’ll let you know when it arrives"
Feb 09, 2019 at 6:46 am
TheThailandLife says
Feb 10, 2019 at 5:14 am
James E says
Feb 08, 2019 at 11:56 pm
Mike says
Feb 10, 2019 at 8:06 am
Mike says
Feb 12, 2019 at 7:46 am
TheThailandLife says
Feb 12, 2019 at 4:56 pm
Mike says
Feb 14, 2019 at 2:47 am
JP says
The IBAN is made of numbers for the bank itself, the branch, then the full account number.
I've used TransferWise from UK to transfer to Thai account, with IBAN, and usually the transfer takes between 2 to 8 hours, depending on the time and the day I do the transfer. I can do that even from teh mobile phone with the TW app. And the fees are pretty low and rates very good.
Mar 13, 2019 at 1:59 am
Gordon Dolan says