How can I effectively transfer a large sum of money for my retirement visa in Thailand?

don't

Been using Wise for years and never a problem 🙏🤠

Wise

with new tax law, one may need to report or account for money transfered into thailand?

I use orbit remit.There is a limit of bht due to Monet laundering act but you can do multiple transfers.

use WISE for the transfer to your bank account. Keep in mind only three Thai banks will allow WISE to transfer more than 50,000.- THB. These are the Kasikorn, Bangkok Bank and Siam Bank PLC. With WISE, you can send maximum of 2 million Baht in one transfer

Wire transfer

Have been transferring frequent < $1000USD amounts routinely for a couple of years as well as some larger amounts for land/house construction infrequently. Our experience:

Wise and Remitly close to same net costs (transaction fee + exchange rate premium). Had a couple of incidents with Wise hanging onto the money for ACH transfers longer than I thought was necessary and found their support frustrating. That's why we also set up Remitly.

Our bank (TD Bank) will make one free SWIFT transfer per month for our category of checking account. Count on one business day for availability because of the 12 hour time offset. One time I did a head-to-head comparison (transfer from Wise and SWIFT on the same day) and found that the bank exchange premium was less than the add-on fees from Wise. The disadvantages are the one/month limit and the need to make the request in-person at a bank branch.

Get a crypto wallet

Wise

Wise

Through my bank account. No charge.

Wise was best for me,my bank in my home country was more expensive because lower rate

Very carefully

Anything over 10.000,€ you have to send paper to the bank or wise.

I suggest an experiment. Transfer 1k USD or similar using bank and wise. Then divide by rate of the day to see what you really get. My bank is completely opaque regarding exchange rate. Wise is the opposite. So do this then insert what you really would have sent. You can use the wise app using the full amount and they will show you fees. Swift with a bank used to cost me a flat 45 USD for what I'd send but I never knew the exchange rate. I use Wise but we're I to move a lot of money I'd experiment.

I'll send you all the details in a phishing email.

Wise is good do a download yourself and don’t give £75 on a recommendation

I will take it over for you Sir!

bank transfer

Carefully.

Using wise.

Bank transfer.. no problem if money is legal

Bank

You need 1 of the major 4 thai bank accounts.

Then you can transfer a large amount.

I had a thai UOB account, maximum transfer is 50k baht

Why would you bring it here for 1%—pay an agent—you pay one time—you earn monthly interest abroad which will more than cover the fee

I use Revolut

If I had more time I would have done wise but I ended up just doing Swift for my bank

Ill send you a account number. This account is trued and texted.

I am wondering if you have to pay tax for it under the new rule?

Depends where you live. Moneygram is the best in terms of rates from the UK for example.

I think the limit is 2 million baht per transaction. Wise

Been using Wise for years now, never let me down, move my pension money from UK to Thailand every month as well 🙏🤠

Normal bank channels—why should it be different—swift👍👍👍

Wise

Another Wise user here👍🏼

Remity dot com

install WISE app on your smartphone ☑️🔥☑️

Wise or just a regular bank transfer

I use Wise. Remember to select “funds for long stay in Thailand” if you plan on using it for a long stay visa or the transfer may not be valid on your application as the funds must show origin from outside of the country.

The best is doing a SWIFT transfers between your home bank, and your Thai bank. Then there will never be any question of where it came from, and easy to transfer it out of Thailand if you ever choose to do so.

Wise

I used this company when I purchased my condo

Wait a minute! What country is the money coming from? If it is the USA, I have transferred many times, and many amounts to Thailand. Every time I transferred $10k or a bit more, it was the same as shining the (gotta research this person) spotlight on my wife and I. It was the bank, they reported it to the government. Then, you are suspected of money laundering. You don’t want that. Stay under $10k per day. Recommend transfer $9k or less for as often as possible and there will be no extra scrutiny on you. Just sayin’.

I use Currency Fair for transfers from Australia to Thailand. The best rates & you can pick up the phone & easily talk to a real person if you wish. Download the app & compare their rates.

My back a/c number is 765

Sort code 47-35-07

Can I transfer from any country to any country using wise ?

I have a bank account you can use

must be in a Thai bank in your name, you can use swift transfer or wise. Remember you might end up paying tax on that money

Transfer to a thai lady, she will deal with it

I'm Interested what the limitation is please too transfer from Aussie bank too wise account I. Thailand

@Paul *******

wise

Wise

I used Wise.

Wise: