Hi guys, I hear plenty of buzz about “wise” as a good alternative for money withdrawal while in Thailand. Is “wise” an App? Do I just download it and link my bank acct to it? And then withdraw from an ATM in Thailand? Any advice much appreciated and apologies, I know this is a very basic question to many.
TLDR : Answer Summary
The conversation discusses the use of Wise (formerly TransferWise) as an alternative for withdrawing money while in Thailand. Users confirm that Wise is indeed an app that allows users to send money internationally and withdraw cash from ATMs. Although it's beneficial for those with a Thai bank account, many find it easier to use Wise to transfer funds from their home bank to a Thai bank account to avoid high fees. Some users also mention getting Wise debit cards to facilitate withdrawals and purchases without incurring extra fees. The discussion touches on related concerns about potential taxation on foreign income in Thailand.
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