How can I ensure my money transfers to Thailand are processed without issues?

@John *********

- that's good to know how do you find their exchange rates compared to Wise and what was your Thai bank account?

@Tony ********

Remitly slightly higher but no limit on debit card transfer amount and is instant...Krungsri.

@John *********

- thank you I might look into it, I assume it's an app like Wise? Good to know it's higher than Wise what about the fees?

I noticed recently that Wise have stopped comparing themselves with the real competition and now use banks to compare with, most alarming 🙄

@Mark *******

may I ask how you switched from OA to O? Did you have to leave Thailand and re-enter on an O?

@Mark *******

OK thank you 🙏 where did you re-enter from?

@Kevin **********

if you are changing from banked money to monthly payments then you need to do both for the first year. In other words you have to honour the requirements of banked money AND make 12 monthly payments of not less than baht. You can remove 0 of the banked money after 3 months but the rest must stay there until you have received your extension based on monthly payments. At that time the other 0 baht can be removed and you continue making monthly payments. In my experience, having used both methods, I can honestly say that banked money makes for an easier and more stress free life which might or might not be worth missing out on a bit of interest for.

@Mark *******

and what happens when one of your monthly payments goes tits up and it will?

@Nick ***********

For those with a monthly income stream the 65k transfers makes far more sense. Best interest you get in a Thai savings account is 1%. That's insulting. But many don't have the necessary monthly income. I use the 65k monthly transfer method. Never missed a beat. You just have to remember at the beginning of the month to make the transfer. I never forget because I'm just about out of money by then!

@David ******

first year I tried swift transfers. My uk bank messed up the 5th transfer and failed to tell me. By the time I found out it was too late I made a complaint during which it became apparent to them that I was living in Thailand so they closed my account. I had to return to UK to sort that out. In addition, it took at keast 30 minutes on the phone e each month setting up the transfer as they could not set up a direct debit and I had to go through all the details time after time. Year two went OK using Wise to Bangkok Bank. This year with all the banking issues with BB I am unable to find out if transfers have been coded correctly. It us just not worth the hassle. Some people use agents to get extensions. I can't understand that waste of money but many claim it saves them time and hassle. Banked money us a no brained now for me.

@Mark *******

by tits up I mean: first year I tried swift transfers. My uk bank messed up the 5th transfer and failed to tell me. By the time I found out it was too late I made a complaint during which it became apparent to them that I was living in Thailand so they closed my account. I had to return to UK to sort that out. In addition, it took at keast 30 minutes on the phone e each month setting up the transfer as they could not set up a direct debit and I had to go through all the details time after time. Year two went OK using Wise to Bangkok Bank. This year with all the banking issues with BB I am unable to find out if transfers have been coded correctly. It us just not worth the hassle. Some people use agents to get extensions. I can't understand that waste of money but many claim it saves them time and hassle. Banked money us a no brained now for me.

@Mark *******

your turn will come.