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Is Wise a reliable service for transferring money from Australia to Thailand?

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May 2, 2024

7 months ago

ORIGINAL POSTER

Just used Wise for transfer from Australia to Thailand. Works as well as crypto, low fees and immediate.

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TLDR : Answer Summary

Users have shared mixed experiences using Wise for money transfers from Australia to Thailand. Although one user notes low fees and quick transfers, another warns of account seizure issues. Alternatives such as Remitly and OrbitRemit are mentioned as reliable options with rapid service. Users highlighted the importance of the day of the week for transfer speeds and specific bank fees when sending money to Thai accounts.

John ********

I've used Wise for ten years now and the only time a transfer has taken more than a minute or two, is sometimes at weekend and only one time a computer problem, which took two days to complete transaction. Other than that one time my transfers have sometimes only taken seconds to arrive

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Lloyd *********

what "reason" do you choose when transferring to your Thai bank, and what bank?

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John ********

@Lloyd ********

Family support and to an SCB account, but I believe Wise as well as SCB they are partners with Bangkok bank also. I only transfer to the same account every time and I've been doing transfers for years. Also I use debit card, it's much faster than bank transfer, takes seconds in most cases. Also I've found that it's better to do transfers Monday to Friday. Sometimes when I've done transfer at weekend it can take more time, sometimes by Upto one or two days. Must be something to do with computer systems at weekend.

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John ********

Also transferring to SCB, the SCB take a 400 baht charge, but I've been told Bangkok bank don't charge when you transfer to an account with them.

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John ********

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Brenton ********

I use Orbitremit, never had a problem. Low fees and a good rate. Just moved money yesterday and was completed in 10hrs

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John ********

@Brenton *******

crikey, why so long?

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John ********

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Robert *****

I’ve had great performance from REMITLY dot com. Usually 14 seconds. Immediate email confirmation.

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Bernie *************

Is there any reason why you don't just send it directly to your Thai account (exchange rate I suppose?) or from TorFX pls?

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Sam ******

ORIGINAL POSTER

@Bernie ************

bank transfers are too slow and usually very bad exchange rates and silly fees to boot. Never heard of TorFX though

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Sue **********

NAB transfer is usually within a day

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Sam ******

ORIGINAL POSTER

I’ve never transferred with NAB, but they’re international withdrawal fees are just ridiculous

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Sam ******

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Lincoln *******

@Bernie ************

wise offers the best rate with the lowest fees generally, and usually much faster than overseas bank to bank

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Bernie *************

@Lincoln ******

thanks

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Bernie *************

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Luke *******

Be careful as I used them for five years then one day out of the blue they seized my account and stole my money. Couldn’t log on to see how much was there and they are uncontactable. Never resolved. Google searches find many people in same boat

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Craig **********

you have to talk to them to open your account.Their contactable.

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Luke *******

@Craig *********

ok. Will try again. But it just made me furious after trying 50+ times

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Luke *******

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Damien ********

you didn’t know how

Much money you had with wise ??

Bit suss your story ?

But shit happens

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Luke *******

@Damien *******

why would I make it up? What’s “suss” about it?

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Luke *******

@Damien *******

why would I make it up? What’s “suss” about it?

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Damien ********

most comments on here say

No problems with Wise

Except you

U didnt even know how much you had with them u wrote !? Duh 🙄

Wise are not a bank

For transfers only

So maybe 🤔 u learnt a lesson

I’ve never used wise

I use OFX

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Luke *******

@Damien *******

actually you’re incorrect. They can act as a “bank”, keep money in there, transfer between currencies and even withdraw money through a wise card. That’s correct, I didn’t know how much I had there. I live in Thailand and get paid AUD. So it was perfect. Until..

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Damien ********

Google it u fool

wise is NOT a bank

Don’t care what they “act “ like

No more from me

Bored 🥱 with u

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Luke *******

@Damien *******

you’re bored? Why get involved. When did I say they were a bank you “fool”… FFs another stupid old Aussie with nothing better to do than talk shit…

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Luke *******

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Joren ******

you might search around on unclaimed.org or some of the other unclaimed money databases.

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Todd **********

You can google there phone number I’ve talked to them a couple times. I have no idea what happened to you?

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Luke *******

@Todd *********

tried at least 50 times via email and phone. Was during covid. Only response I got would be via email saying it could take 45 days. Never another word. Personally know another it happened to also.

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Luke *******

As I said though I used them for 5 years without fault and was more than happy until that “incident”

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Luke *******

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Wayne *********

that's why I don't leave money with them. I simply transfer immediately from bank to them and they transfer to my thai account. Google searching also finds many people very happy with their service

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Luke *******

@Wayne ********

I was happy for 5 years using them weekly until out of the blue they froze it without reason and never ever access again to my money. And there’s zero I can do about it. Just advising what they can and have done to others. And they can get away with it.

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Wayne *********

best thing is don't leave money with them. Transfer when you need to not just leave there.

I also been using them for 5 plus years and never leave money in my account with them maybe I been lucky as nothing to freeze

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Todd **********

@Wayne ********

Exactly

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Todd **********

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