How will the upcoming changes to Wise in Thailand affect DTV holders?

Same as paypal.you will not be able to comply with thailands requirement

The most weird thing I can not understand about changes of wise is, for example, I am living in Thailand, so I am resident in Thailand. And I am in Thailand wise under Thai rules or governs. for example, I am a foreign resident in Thailand with Thai wise. I have my money in another country ( not thailand. I call this A) and I always send my money to my home country because I want to move my money from A to my home country. I am not living there anymore since years and do not want to live in country A. Previously I can transfer my money from A to my home country without any problem with Wise. But now, after change, I must add my money from A to my wise THB account. and must exchange it to THB first. Then I exchange THB to my home country currency again. yes twice. the transaction between the country A and my home country have nothing to do with Thailand at all. But why my money from A must come to Thailand wise first??? and why from Thai wise to my home country again? Is it a bus stop??? when so, my money is in Thailand, and it could be taxable?? even it is just a transit. But officially my money is in Thailand for seconds or minutes. because of wise new policy. There is direct flight from A to B, but why I have to arrive in Thailand and fly again from Thailand to B? it is not only double costs for twice exchange but officially it could be tax issued.

Its really none of wises business what visa I have!?! Its a miney transfer service, not big brother. Time to switch, I guess!?!

Unless they ask for documents that dtv holders cant get which I expect they will

10k baht transfer limit and daily 30k limit. Not good… outrageous to convert our accounts to thai Wise having created them before coming here… any alternatives?

I created my wise account in the US, not in Thailand but received the same email.

What if you signed up in America?

Big changes are coming. Starting May 19, 2026, Wise is transitioning to a locally incorporated entity regulated by the Bank of Thailand.

​If you have a Wise account with a Thai address, this month marks a major shift in how you can use the service. Here is the breakdown of what is changing, the new perks, and the new "headaches."

​🚀 The Good News (New Features)

​For the first time, Wise is becoming a more "local" financial tool in Thailand:

​Send THB Abroad: You can finally send Thai Baht from your Thai bank account to overseas accounts using Wise's mid-market exchange rates.

​PromptPay Support: You will be able to use the Wise app to scan and pay via PromptPay QR codes at local vendors and receive money instantly through your PromptPay ID.

​Local Wise Card: Residents in Thailand will finally be able to order physical and digital Wise debit cards.

​Direct Funding: You can add money to your Wise account directly from your Thai bank account.

​⚠️ The "Gotchas" (New Restrictions)

​Because Wise is moving under Thai banking regulations, there are some significant trade-offs:

​Auto-Conversion to THB: Any foreign currency (USD, EUR, GBP, etc.) sent to your Wise account will be automatically converted into Thai Baht upon arrival. You can no longer hold multi-currency balances as a Thai resident.

​No ATM Withdrawals in Thailand: While you can use the new Wise card to shop locally or withdraw cash outside of Thailand, you cannot use a locally-issued Wise card at ATMs within Thailand.

​Higher Costs for Foreign-to-Foreign Transfers: If you want to send money from a US bank to a UK bank, it must now be converted to THB first and then to GBP. This "double conversion" will result in higher fees.

​Tax Tracking: Since all incoming funds are now processed under local regulations, they are more easily tracked by the Thai Revenue Department, which could have implications for tax residents receiving foreign income.

​📅 Key Dates to Remember

On may the 19th wise becomes a full part of the Thai banking system enabling thai isued wise cards to use prompt pay etc...you can't withdraw cash at ATMs

Always keep your home country phone number when you move abroad. Then you can use it to set up wise etc. As long as you send between accounts in your name they dont ask any questions.

I go to revolut and will change my account to my home country and done Thailand can do shit about it

WISE screws people over all the time

Doesn't matter for foreigners living outside Thailand.

Opening a TH Wise account comes with so many restrictions compared to a Wise account from our home countries. I don’t think it’s worth it to switch. If you’re traveling frequently or you have income from outside TH then it’s not the same.

The prompt pay is nice, but is the only upside from what I can see.

Why do you need wise for a dtv? I've gone through immigration many times with a DTV and without a wise account.

And all inbound transfers will be converted to THB. No multicurrencies allowed. It all falls under Wise Thailand

I will be closing my Wise account

I will be closing my Wise account

Looks very much like a scam

Revolut will not be different I'd guess...Anybody?

Good luck opening true money acc without thai id

Paypal was banned for "foreigners" living in Thailand a few years back as well Thai bank account or not ....... with an annual update from Paypal saying "we are working closely with Thai Authorities" ...... and now Wise ......

Great. That will fall directly into the remitted money to Thailand category for Thai taxes. Once you have a Thai account under CRS and are resident, you become a tax resident in Thailand and may (or may not) be liable for taxes, depending on your situation. People see freedom in obtaining a QR payment system, but the reality is quite different.

Why have a Thai bank account if there are functional external pay solutions?

Too much trouble 🥹 The only way I could transfer GBP200 to my friend in Australia was for my wife to go to a bank and use Western Union no gobblygeek. I already spent a day on Wise at various stages of acceptance including having an account that I could not send any money with , then after taking 5 selfie pictures !!!! None of which were accepted I gave up.

Good luck folks 😅 Maybe someone thinks they have stopped a GBP200 Money Launderer 😀

Whatever it is, this change is really good for DTV or ED , who can not hold thai bank. If no requirement of visa or extension, actually there is no reason to hold Thai bank account in Thailand. Wise has almost everything. QR code, and transfer and keep THB, it is like Thai bank. But Wise is not accredited by immigration, so wise is not Thai bank. The main reason to hold Thai bank is for immigration use.

Didn't nobody notice? Tracking to automatically calculate income tax for foreigner resident in Thailand...

Under Thai tax rules ? Meaning a majority of people will be taxed on transfers ! Thx to the WEF AND OECD ! Taking away the Thais sovereignty ! Thailand doesn’t need these thieving sewer rats !

That seems to be for people who set up Wise using a Thai address

this change is only for foreigners who can not hold Thai bank account with DTV, ED etc.. non O retirement visa holders and other long term visa holders can hold Thai bank account. So for them Wise is useless except transferring their money to Thailand. But with change, they must pay double fee and exchange rate when they send their money from overseas account to other countries except Thailand. They must exchange their money to THB first and then exchange it again to other currencies like Yen or USD or Euro. costs are double and stupid is must exchange twice. for example, you are from USA and living in Thailand on non o retirement. Now you can send your USD to Japan where your daughter lives or studies there, now you just can transfer from your USA bank to her Japanese bank directly with wise. But after change, you can not do this anymore. You must add your USD into wise Thb account and send that THB to Japanese yen. so it is double fee. This change is only for DTV or ED etc, who can not hold Thai bank account. But for non o retirement or married, this change is even worsening.

Watch the local banks all start accepting dtv if this is the case because that’s a whole lotta customers that will go to Wise for this

I wouldn't be too sure. They'll most likely work out that the DTV is NOT a Non-immigrant before they start authenticated documents.