Answered2 months ago
Is using Wise for depositing 800,000 baht into my Thai bank account acceptable?
Hi all ! Today I opened my Thai bank account I now need to deposit the 800000 baht is using wise ok ? If I click on international payment ? thanks for any advice. Living in Nakhon Ratchasima
Answer summary
The user asks whether using Wise to deposit 800,000 baht into a Thai bank account is acceptable. Comments suggest that using a SWIFT transfer or directly from a foreign bank is preferable, ensuring that sufficient documentation is provided. Several commenters mention concerns regarding Wise now showing as local transfers and advise considering test transfers before sending larger sums. Users recommend declaring the transfer as for long-term living in Thailand to facilitate international transfer verification.
59 repliesnewest first
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Alan **********
Has anybody tried firstdirect bank they advertise zero transfer fees but i dont know if it applies bank to bank, it has no fees at atm
Dennis ***********
I have used SWIF for many years to transfer funds Canada to Thailand (KASIKORN BANK) Never an issue
Vincent *****
I’d break it up into £5k amounts and put the reason as living expenses
Dora *******
Wise is fine, no problem
Yaoyu ***********
A regular international wire from your bank in your country is good enough ~ 🫡
Darren *******
Now is a very good time to transfer with wise as the Thai bhart rate is over 44! I used wise to transfer 800. I did it in many transactions
Phil ******
Wise is ok
Kevin ************
Wise is fine. There is a section where you declare that it’s an international transfer, and another section where you specify what the transfer is for.
Justin **********
OPKevin Ganzevoortthat seems to have disappeared
Kevin ************
Justin Roocroft I think it’s in the receipt now. Same as what it’s for.
Peter ************
I agree with another member here, test WISE with a smaller amount first. I’ve had friends wait many days or even weeks for money to arrive using WISE.
GreenAlli*********
Did you open the bank account without an agent?
Details please. Thks!
Details please. Thks!
Barath *******
GreenAlligator8702 if you have 90 day retirement visa, doubt you need an agent.
Paul ********
Yes I did last year
Ken *******
Wise is cheaper by far. The banks take about .5 bht exchange rate, wise doesn't. Wise takes a fee but is still a better overall price. Also if you mark international transfer it shows up on your statement that way.
Tony ********
British banks not using thai telephone number for wise
Alexander *******
I use xe and has,been good easyvto add comments etc
Phil ********
Nothing wrong with Wise. Note they offer the option of 'Proof of Foreign Transaction' if you select it.
Leigh *******
Do 1000 Baht as a test from wise
Then just do it 🙏
Then just do it 🙏
Billy ********
Leigh Cowen i agree alway do small amount to make sure set up ok
Laurie ********
Compare the costs with your bank and wise
John *********
Suggest a small test transfer to make sure all is set up and correct. When that one goes through then send the big lump sum
Robert *******
No problem I use wise monthly into Bangkok bank plus
Robert ********
Wise no longer shows as international. Swift transfer in your countries currency. Do not transfer in THB. It will be converted at a better rate and show as international
Phil ********
Robert Lummis My Wise account is in the UK. Each time I make a transfer I am offered the option of 'Proof of Foreign Transaction'. I have seen people saying don't use Wise - all I can say is that I've been using them for years without any problems and my cash arrives in Thailand within a few seconds. Only once has it taken longer - around 2 hours I seem to remember.
Micheal **********
Phil Wilson This is the key to the new Wise reality: Having your registered Wise address in your home-country... This keeps it showing as international transfers, if that's how you choose to label it.
Graham ******
Robert Lummis an international transfer is not a requirement for a 12 month extension of stay
Rene ********
Robert Lummis good point........I wouldn't go near wise having experienced what I have ..
Pocket money ok, nothing more. You can be rather randomly frozen at any point in time...then spend a month or more on the phone and computer to fix it, temporarily before it happens again
Pocket money ok, nothing more. You can be rather randomly frozen at any point in time...then spend a month or more on the phone and computer to fix it, temporarily before it happens again
Ian **********
Robert Lummis, if you choose 'funds for long-term living in Thailand' as the reason for the transfer, then it will show in your bank as an international transfer. You can also request a receipt for a foreign transaction.
Kayce **********
WISE is good, maybe you should make a multiple transfer in 3 days
Rene ********
@Kayce *********
lol, so much yet to learn
Ant ***********
Yes
Select
“ funds for long term retirement “
Select
“ funds for long term retirement “
Rene ********
Ant W Tailor a lot to learn
Daranya ******
Wise very good!!! My husband used wise as well
Ulf ********
Please compare the costs. In Sweden, when transfer larger amounts, then our banks are significally cheaper than Wise (or Revolut)
Alan *******
Ulf Löfven My bank charges nothing Ulf but they are 1.5 baht difference and even though wise charge me 300 australian on 800k its way cheaper than the bank.
Ulf ********
Alan Moore OK. Will, as i wrote, this is the situation in Sweden. My 2M THB transfer was 20k THB cheaper with my bank than with Wise and Revolut. I have both Wise and Revolut. It is normally cheaper when transferring lower amounts but obviously not when transfer bigger amounts.
Todd *********
Ulf Löfven umm, no they are not
Ulf ********
Todd McGowan Yes they are. Have you ever transferred money from a Swedish bank to Thailand?
PeacefulSe**********
Cheaper but the rates are lower then wise offer.
Ulf ********
PeacefulSeahorse9792 Not in Sweden. I transferred 2M THB and the cost was almost 20k THB lower than Wise and Revolut.
Thorsten ***********
Ulf Löfven jo kanske? Men den ställa en massa frågor !
Ulf ********
Thorsten Massinger Ja. Och.... var är problemet med det?
Kool *******
It is best to do it as a lump sum using the SWIFT b2b transfer directly from your foreign bank to your Thai bank, with the fully accepted documentation with the bank, if you ever want to transfer it out of Thailand in a lump sum.
J ****************
yes, also this is trackable and offers you the option to withdraw your money back to your originating country. I believe you need to obtain a pink transfer slip from the bank and you want to keep that on hand whenever you need to or want to return that money to your originating country
Patrick ***********
If your wise is NOT based in thailand. Mine was migrated from europe to thailand. I Don’t use it anymore.
Rene ********
Patrick Deloddere BINGO! a shower of qqunts now
Patrick ***********
Rene Ordman why ?
There are plenty of ways to transfert money. The only problem is when you don’t have any.
There are plenty of ways to transfert money. The only problem is when you don’t have any.
Alan *****
It’s always best to have the money paid in with the international code
Doc ********
They don't care really just got to have the money in place for the two month requirement.
I used remity
I used remity
Ken *******************
Oh this 800k they don't care about the flow of depositing as long as having it
Sylvia ********
Ken The Buffalo Guy they don't care BUT should you want to return it some day to your country, far easier if you have proof where it came from
Ken *******************
Sylvia Corley be careful for using wise. Wise makes domestic transactions instead.. i mean like you pay to wise from your home country. When wise deposit into your account it is from wise Thailand. In this case you still can't transfer out the money by claiming it is an intentional funding
James *******
Ken The Buffalo Guy just use deemoney
*************************
Paul **********
Yes, I receive money to my thai bank via wise
Robert ********
Paul Franklin wise is now local transfer thru Kasikorn
Paul **********
Robert Lummis I received money from the UK wise acc to my bkk thai bank.
Micheal **********
Robert Lummis Not if you have your Wise home address in your home country...
Paul **********
Robert Lummis and?
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