I'm moving to Chiang Mai next month from the UK. I normally use TransferWise for my money transfers but for sending 40k gbp for my o visa, anyone used azimo? Good rates free for first 2 transactions
Answer summary
The conversation discusses money transfer options as the user prepares to move to Chiang Mai, Thailand, with a focus on transferring £40,000 for their O visa. Comments caution against using unfamiliar services like Azimo for such a large amount, recommending established providers such as TransferWise or bank transfers instead. Various visa and money transfer insights are shared, with concerns about visa requirements and the origin of funds raised. The importance of maintaining safe transfer practices and ensuring compliance with visa regulations is emphasized.
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Geoff ********
I have a great option for you. PM me and I will give you details.
I would be extremely surprised if your bank offered a comparable exchange rate to TransferWise. My bank offers free international transfers but they just sting you on the exchange rate instead.
There used to be issues with using Transferwise for visa related stuff. Something to do with proving the funds are of a foreign origin. Something like, Transferwise uses a local account to transfer to your local account and that causes issues with immigration.
Honestly I do not have first hand information but it is another dimension for you to consider.
Why not just send it as Sterling and let your Thai bank exchange it spot rate on the day its received...this should not cost you more than £10.00 from yous UK. bank...
that's only if you do the monthly payments if you do the lump sum in your account just keep a copy of the declaration form you fill out pretty sure that's proof isn't it?
that's good to know. I had to send more funds as the first lot didn't show on the statement that it came from overseas and all of it sent via Transferwise. Next time it's a visa extension so maybe slightly different.👍
I'm speaking from experience I sent 20k by bank transfer to my Thai bank account then I brought 30k over when the AUD was 27 went straight into my bank 3 years ago only had to show declaration once first year I opened my account
I don't think so. When you have the 800k ti get your visa they check bank statements and it has ti show it coming from overseas. Transferwise doesn't always show it as coming from overseas either unless you say the reason is for extended living allowances........
yep you can bring 10k either £ or $ please check, that is completely legal and aloud. You might have questions at the airport, but nothing too problematic.
Turn it into crypto and transfer to a local exchange wallet in Thailand. Then turn it into local currency when you get to Thailand e.g. Thai baht. It’ll save you tons.