Just using Wise to send funds to my Bangkok bank, transfer today, receive on Monday 5th….normally takes a day.
Are Thai banks closed this week ?
Anybody else have similar issues?
Answer summary
The community discussion indicates that Thai banks, including Bangkok Bank, will be closed during the Thai New Year holiday period. Many users shared their experiences with Wise transfers, noting various processing times, with some transactions taking only minutes while others were delayed, likely due to holiday closures and differing bank policies. It appears that most banks will be closed on the 31st, 1st, and 2nd of January, reopening on the 5th, which may affect money transfer timings for expats.
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Thanks for advising, my monthly transfer to Bangkok Bank was going to be delayed too, so cancelled it and sent to my KBank account, took 30 seconds, then transfered to Bangkok Bank within a few minutes! Saved our new year celebrations - All the Best to you All! 🍻🥳👍
Sometimes but not very often, they do a check. I did have this problem with wise to Bangkok bank, took 24hrs but 5 seconds with the Kasikorn. That was only 1K with the Bangkok Bank. Probably taking longer with them because of all the controversy!!
My Wise transfers always take several days and I don't know why when I read others take minutes! The latest was because I did it during a UK Bank holiday and at weekend.
Bangkok bank has been shit since a year ago with wise, it's lucky dip on the day on when you'll receive, other Thai banks is more reliable for instant transfers
Banks receive but are reluctant to pay out. The longer they hold on to funds by not showing funds received on clients' accounts the more interest they accrue for themselves.
If you do a transfer after 1000 and you need it to show up as a Foreign transfer it will not arrive until the following day. The banks here have to do it manually. As already stated banks are closed from tomorrow until Monday.
31st is a public holiday so most banks are shut. The only ones open may be in Malls. The only banks that manually transfer money for foreign transfers will be shut so that is why it will not arrive in your bank until Monday. If you want a reference do a Google search.
Peter Barrett Just in case your Immigration wants to see that the money came from abroad, it will become a bit complicated.
If you want to use WISE, they have discontinued the old way that a certain choice of reason for the transfer would show in your bankbook coded as coming from abroad.
They don't offer this any more, for the last step they use their own Kasikorn account, so if you use WISE, it would show as having come from inside Thailand.
You can however get a special statement from the Kasikorn bank to on the relevant transfer. .
the other option would be a direct SWIFT transfer from your home bank to your Thai bank - the exchange rate would not be that good, but it would 100% be coded as having come from abroad
yes, but only if you have a Kasikorn account. If you use another Thai bank, the transfer shows as having come from a Kasikorn account inside Thailand (the K account of WISE). In this case you need an extra statement from a Kasikorn bank branch
I bailed on Wise and use Remitly now - I get my money into BKK in seconds, every time. Rates aren't quite as good as Wise though. Wise has been so slow recently!
I did a wise transfer yesterday wirh wise ans I got my money today you are doing it in New Eve so I would say that is why. Well at least wise to Bangkok bank
the post was about the time money clearing, I always have my wise transfer as funds for Thai visa if that is what you mean but nothing was coded in my bank book I use apps
the reason I ask is because WISE transfers since a few months are coded as coming from inside Thailand. The option to choose otherwise got discontinued by WISE. So if this should be a requirement, I would check the passbook and clear the issue with Kasikorn bank, because this is the bank WISE uses for the last step
do you not have to show your updated passbook to Immigration for the next 1-year extension of stay permit? If you use the 12-months bank statement financial proof, don't they require that the monthly transfers need to be coded as having come from abroad ?
obviously his transfer method, takes 24 hours plus.. 'Errorneos' bank holidays?? Bank Holidays... Closed, delay, no transfers. Highly relevant I'd say.. 55
Every time I transfer frm my Wise acc yo my Bangkok Bank account it takes 24 hours and will arrive about 2pm. Has to be bank working days. If I transfer on a Fri it will come Mon afternoon. Hope this helps.