Can I open a bank account in Thailand to transfer euros for a Non-Immigrant O visa and how long must funds be held?

@Bernd **********

Canada is has the most strict verification process. EU countries is a lot easier. Also depends on what you are sending... under a few thousand USD is easy, over that it gets more complicated. I think EURO is the easiest to send and receive.

@Jennifer ***

here in Germany verification and ID procedure were all online ,easy and within 10 minutes done.

I use transferwise almost daily now. Took a little time to get verified and understand the system. But its far cheaper than using the banks (who create their own exchange rates) and the transfer fees are less too. Huge savings. The expense of international transfers isn't the "fees" by the banks, it's their own exhange rates that they decide upon. Compare a few methods, using banks the exchange rates add up to a lot vs the real exchange or what transferwise will give you. @

@Fabio ******************

I don't know why that is... Maybe you needed to get the bank statement notorized or approved by your embassy? I had an issue in Australia when I showed my banking details for a Visa and they said they wanted to see it in THB - and I had to explain to them that I only had USD and CND accounts

thanks for all the information, you have been very kind

@Jennifer ***

the strange thing is that to have this seen in Italy the consulate asks me for the statement in Italy with at least euros, but when I have to ask for the extension here in Bangkok I can not use this document ahahahahah

Ok,we should stop here. It's a Visa forum not a Banking forum.Just a tip to have a look. .... :)

@Jennifer ***

yes, i leave euros on the mastercard and exchange when the rate is good.

@Bernd **********

maybe only from bank to bank, not with transferwise

Bernd Moonfruit yeh you can transfer euro to thb no problem, but you cant transfer Euro to Euro (in a thai bank, but keeping the foreign currency as Euros)

Jennifer Lo are you sure ? i use it only for transfer euros into thb but i thought you could also send euros !?

21.500

@Fabio ******************

800,000 thb is over 21,000 euro...

you can transfer what ever you want but if you in need of THB you have to accept the exchange rates of the Thai bank and charges.

Jennifer Lo Thank, for is only 150 euro, I think 0,7%

@Fabio ******************

@Tod ********

No it has to be one currency to another. Unfortunately can't do Euro to Euro or Usd to Usd.

I know, but if I want open a account in Thailand in euro, I can transfer directly Euro?

You put Euros in TW account and transfer THB into your Thai account. Compare the rates, its worth.

@Bernd **********

but I can transfer euro in a Thailand bank?

Yep...

U mean transferwise?