How can I cancel my ED visa and switch to a DTV Muay Thai visa in Thailand?

@Tom ***************

Banks do poor rates. Wise traders are less cosf

My bank has free wire but still cheaper using Wise. My bank pads the exchange rate.

Always wondered what happens to the money if you die

Each bank has their own rates and all take a margin from the actual exchange rate. You need to check with the particular bank you want to use, or do as many do and use a money transfer service such as Wise

be wise use wise

ask the

@Bank ********

No u will get creamed using their rate, even though its probably less than if US bank does the exchange. Wise is brilliant, the rate is current up2date, and if its volatile you can lock in a rate for 24hrs, then if it worsens take that rate if it improves cancel and hold in the new rate. On large sums u really can make a few hundred dollars if there's vast fluctuations going on

Don’t go through the bank it’s like a 5% markup Use wise

Each bank has their own rates on the day and i think you have up to 30 days to convert and each bank has their own fee

Banks use spot rate and a foreign currency transaction fee. Spot rate is good for around 10seconds when trading

oh yeah, banks are your best friend....

I use this app it’s called Remitly! gives you a better rate if you send over a more than $3,000! I use often.

Its based on the daily rate the bank used + service charges.

It's been my experience thatThai banks will give a better exchange rate than US banks. But then if you don't let the US bank screw you on the exchange rate, they charge you a higher fee on the transfer. Regardless, it's best to do it this way.

Best option is to open a WISE account and do the transfer and exchange through them.

Every bank will have their own exchange rate and fees

Don’t do this

They have to make money off the transfer so it’s not pegged to the current rate

Usually it’s ฿1.5-฿3 baht below the rate you see on XE etc

But

Your bank might have a better exchange rate than the Thai bank exchange rate

So check both

And remember the rate changes minute by minute except for sat/sun

Good luck