Answereda year ago
How can I ensure my Wise transfers to Bangkok Bank are classified correctly as international transfers?
Regarding the wise transfers to bkk bank now coded as something other than the previous FTT code. I downloaded the wise invoice pdf which clearly shows it was as n international transfer. However i think is best to start doing wise as a swift transfer to avoid any confusion. Comments?
Answer summary
The conversation discusses concerns about the classification of Wise transfers to Bangkok Bank, with a focus on avoiding confusion over transfer codes. Users suggest verifying the partner bank on invoices and share personal experiences with both Wise and SWIFT transfers, mentioning the high costs of SWIFT. The consensus indicates that ensuring proper classification is key, and some advocate for transferring directly to banks like Kasikorn to simplify the process.
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Tony **********
If you're doing a Swift transfer you don't need wise!
Us *****
You can also just go to Kasikorn to make life easier.
David *******
Problem is SWIFT is so expensive
Jackie ************
OP@David ******
transfer by swift via wise to $6 moreDavid *******
@Jackie ***********
The exchange rate offered by my bank is abysmal compared to Wise. I'd be over $100 worse off each month. No thanks!Jackie ************
OP@David ******
I may try swift once to see what the actual cost ends up but some are saying the wise receipt should be sufficient for immigration to accept as a foreign transfer
Rick ************
I transferred from my Wise Thai wallet to Bangkok Bank last week. Marked as FTT.
Steven *********
@Rick ***********
same here.Jim ***********
I'm doing HSBC Swift to Kasikorn now on. Sent 3 transfers this month only this shows foreign
Tony *********
@Jim **********
- why don't you do Wise to K Bank apparently there is no issue with K Bank?Jim ***********
@Tony ********
I did and wasn't sure paperwork is what I need for immigration. Prefer pay a little now and 💯 paperwork is good.John **********
You need to look for the "partner bank" on the invoice. This partner bank is the only one that can provide proof of international transfer
Jackie ************
OP@John *********
That would be kasikorn. But for future would swift be better???John **********
@Jackie ***********
there's a FAQ on Wise about Thai baht transfers that tells you what you need to do if it's important to prove an international transfer. Even Wise recommend using SWIFT if it showing as an international transfer in your thai bank is importantActivity
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