> Foreign Exchange, Transfers

I've been playing around with Wise (formerly TransferWise) for several years and recently figured out how to shave up to 1/2% off the cost of a transfer. So your transfers on small sums might pay for a beer, on large sums it's dinner at Jay Fai. The bad news is this only applies to US account holders so the rest of the world will just have to keep spending more for the same stuff. (No change there... ?) First - You need to set up your Multi-Currency Account in Wise. This is just a housekeeping task and involves having a small balance in USD after which you can add Thai Baht as one of your currencies. So now you have a multi-currency account and our two currencies of …

Most expats have a home based bank account to transfer money to Thailand, Last week I could not log in to my Aus acc because the one time pin code that normally is sent via sms to my phone would not come through.

I have used my Bank of America and Wise accounts to transfer into my Bangkok Bank account. I need to transfer some money back to my Bank of America account from my Bangkok Bank account. When adding my Bank of America account (with the Transfer feature) on the Bangkok Bank website - I see "America - Bank of America National Association" listed in the bank drop down menu. Google tells me: "Bank of America, National Association (BofA) is a large banking and financial services corporation headquartered in Charlotte, North Carolina. It is a subsidiary of the Bank of America Corporation." so assume it is correct. I assume this is the proper Bank of America? …

I am trying to set up a mail forwarding service in the USA. I am looking at the app for Traveling Mailbox. Do any of you use such a service or something similar to it?

I have a Bangkok Bank account for about a year. I just transferred over a large amount from my USA bank using Wise in late December and notice a Tax line item on my bank statement about a week later for about .3% of the that amount but not sure it's related. Is there a new tax from the government I missed ?

I have a Bangkok Bank account and want to transfer a large sum of money to another person in Thailand who has a Thai bank account (vehicle purchase). Unsure if with the same bank. How fast are transfers? Does it matter on the amount or if a different bank than mine? I did email Bangkok Bank but no response and curious about actual experience. Thanks

I think it is a follow on from their recent data breach, but not only has Wise implemented upgraded login authentication processes, they are now demanding details personal and financial information for the last 3 months. Below is the list of things they are asking for and I have confirmed with Wise directly that it is them and it is not a scam. Firstly, I am not going to comply and I will only be sending them basic written answers - not detailed statements and 'proof'. Secondly, IMO this is a stupid thing to do because this will be copied by the scammers. My advice is to think carefully before responding to such a request. Never has a bank or any fi…

I have an account with Bangkok Bank. Was looking for advice (lowest fees) for transfering money out/in to Bank of America (USA). Thanks!

Anyone out there with a USA Schwab ATM/Debit card able to use an ATM here in the past few days? Tried 4 times since Friday at our usual Krungsi branch ATM, and after selecting the withdrawal amount, get a message that comms can't be established with the bank (Schwab). Tried two other machines in different parts of the city, same thing. Happened last month as well. Tried Bangkok Bank, same problem there. Managed to use a different Krungsi ATM hours later, so I chalked it up to temporary outage/system maintenance, etc. This time it's been 3 days of trying without success. Mag strip on the back of the card and the chip on the front appear normal/not dam…

Hi all, There is lots of great info in this forum about transfers from overseas accounts into Thai banks, but not the other way around. I'll open a Thai bank account, so my question is what kind of account should I choose (current, savings, foreign-currency) and which bank charges reasonable wire transfer fees to US bank accounts. The money is in THB, earned from employment here. I have a work permit and payroll receipt/source of funds. A multiple currency account here would be welcome, to be able to do the conversion THB->USD in the local bank. Edit: "Resident" vs. "Non-Resident" bank accounts just came to my attention. Any pros/cons as to which?

Any helpful advice will be gratefully received. Yesterday I checked my bank statement and noticed that 4 x £20 had been withdrawn from my account, I contacted the HSBC and they said they were for international transfers to my Bangkok bank. My state pension gets automatically paid into the Bangkok Bank with no problem but I was unaware until yesterday that if I transfer any money from my UK bank acc I get charged £10 from the issuing bank and £20 from the receiving bank. I usually transfer small transfers like £200 to tide me over until my next pension goes in, but to pay £10 + £20 for a paltry sum of £200 is highway robbery, but looking at that if I transfe…

This was one of my worries with using wise which was recommended by a lot of people and I did some transfers and did see that it was charged as a cash advanced. Cash advance charges usually have added fees (per charge), interest fees (charged starting the day the payment is sent up until the cash advance is paid back, usually around 20% a year), and no rewards/points/cashbacks are awarded for cash advances. Just a heads up for anyone looking to use Wise, an alternative would be paypal which is not charged with as a cash advance and the fees are about the same as Wise

Hi, I have a problem. How does one withdraw large sums of baht as a non-resident foreigner? Larger than is allowed at the ATM? Because I was turned down at Siam Bank

I heard that some Wise transfers done in the last couple of days are not being shown as FTT/International transfers even though 'long term stay' option is clicked. So I just did a Bht 1000 transfer to my Bangkok Bank as I do every month and yes, it was shown as a transfer from a local bank, Kasikorn, and was instant wheras it normally takes a few hours or even a day. I have sent an enquiry email to Wise and expect an answer soon, but if this is going to be the normal from now on, a lot of us will be very disappointed, and will have to go to say Kasikorn to get a Credit advice to show to Bangkok Bank, and Immigration. My usual monthly transfer on 1st October came as …

Hi, Been using PayPal for years but for a variety of reasons I'd like an alternative. Was wondering if anyone has been able to find an alternative to receive payments from abroad that is nearly as easy as PayPal? So far no luck. I tried "Square" but it doesn't work for payment processing in Thailand, or most other countries outside of the USA and a few others. I use Wise for my payments but am looking for an easy way for others to send me money as I sometimes sell off some old stuff I accumulated over the years. Having to insist on a customer send me a direct bank transfer is not always a good option... as might be expected. Other payment processors I found in …

Got the following message from Wise this morning when I was attempting to transfer 1000 USD to my Thai bank account. "Sorry we cannot transfer more than $29,000 USD ( I think they meant 29,000 baht) at this time. Does anybody know anything about this new change? Also, rather than using the ACH route they are only allowing the transfer to be charged to a debit card if amount is more than $750.

Just got a notice from WISE warning me that their fees are to increase significantly, additionally, they have increased their regulatory screening and accounts are being "blocked" if "live" pictures to verify your identity is not taken :p oh well, it lasted as long as it could, maybe the beginning of the end for a successful platform?

I have been using SmartWay to transfer money into my girlfriends account for about 18 months. It is very easy to use and I seem to get good rates. It is also very fast after the first few transfers, usually completed within an hour. You can use PayID or POLi. Just an option for Aussies if you are interested

Does anyone out there know how I can get a cashiers cheque made out in US dollars or UK pounds for the Jamaican embassy in Jamaica for my marriage certificate to be apostille. The lovely lady at my local bangkok bank has said no banks issue them, any help would stop me from going barking mad!

BAD NEWS for business registered in Thailand, specially for foreigners having business in Thailand! PayPal for personal recently got blocked for transfers outside Thailand and new personal accounts will only be granted too Thai nationals. PayPal for business (minimum LTD company) was re-opened a while ago with the huge notice that all data will be shared to the Thai revenue department on a daily base. Especially registered tourism companies do get pre-payments transferred via PayPal since there are virtually no payment gateway providers that offer sufficient Credit Card payment support if money is transferred to a Thai bank. Other options as for example p…

Has anyone transferred a similar amount? I need to transfer $100k to Thailand from the USA. Can I do it with the Wise app or do I need to do it with the bank? Thanks

it shows It can take us up to 21 calendar days to finish review, why does it take so long?

Hi all, firstly I'm sorry if this is in the wrong section. If there are Australians around I'd be grateful if you could offer me some advice on your past experiences, as I need to invest money in an Australian term deposit. The application requires my passport, drivers licence and or my medicare card. Obviously I have a passport but I've never had a drivers licence and of course my medicare card was cut. Does anyone know where money can be invested in AU using my passport only as my ID. At my current age I need the investment to be very secure. I don't receive any aged pension as the Government stated that I've lived outside of Australia for to long. I've lived in Northe…

received my wise card, but the email shows the sender address: < personal information removed > - Moderator. it is nowhere in google map. can wise be more serious?

if i have a schwab debit card, wise seems unnecessary unless i want to transfer >$1k per day. wise debit card also has foreign transaction fee if used for purchase in a store any other wise benefits that the schwab debit card can't provide?