Is WISE the best option for transferring money to a Thai bank account?

WISE actually show you the comparisons with other traders. I transferred some money last week and they advised me that Western Union had a better rate. In the big picture it was only about 150 baht by the time it hit my Thai bank. Not worth the effort of opening new accounts etc. Actually when I did the transfer the following day WISE were back on top.

Fees are going up!

From the UK moneyuk is the best.

Wise is better for anything above £200. You’ll be losing a lot if you use western long term

I have been using Western Union. Only charge me $2 USD per transfer.

Wise is fantastic. Fast service abs great rates. Easy to apply click this link.

What if I just have my pension directly deposited into the Thai Bank account?

I find remitly the best it's cheap and usually the money arrives with in the hour 😀

Wise 100%

Just did a transfer from Oz today into my BKK bank account with Wise in less than 5 minutes

Not really getting clarity here. I use Revolut without complaint but hear that wise is better , but no -one says why .

I made the mistake of trying XE.com, because their total delivery amount was the highest on the day of transaction. They say 1-4 days for processing. 5 days have passed, still no money and an abysmal unhelpful customer service center.

First, they kept the money without moving for 1 day after confirming receipt. Then they informed me that they had passed on the money and declared the transaction finished. However, what takes Wise 10 minutes (from receiving to sending to arriving in my account) is still in motion with XE 5 days in and they try to blame Kasikorn.

Back to Wise for the next transfer....

Never had a problem using wise 👍👍

💯

I always check the rates with CUEX. Then go direct to Wise, Western Union, XE, Moneygram, etc. I'm never in a rush for the money when transferring from the UK and USA, and I only transfer every 3-6 months. Western Union has been good.

NO!!!!!!!

It depends on the amount you're transferring, the currency you're sending, and the country you're sending from. There is no single "correct" answer.

Use wise for 10+ years, small and large transfers, never had any problem.

No!

Yes I believe it is

Last time I checked I got a better deal with Revolut than with Wise

Just use Wise

Wise: 36.718

USDT: 36.81

Has anyone heard of crypto?

WISE is excellent use them all the time , quick efficient and cheaper than banks

It all depends on how much you are transferring.

Works for me.

You can’t analyze a $100 USD transfer and conclude that one service is better than the others for all or even most transactions.

Due to per transaction fees and sliding scale rates, etc., the only way to do a proper comparison is to use the actual amount you intend to transfer monthly or annually, etc.

For very large transactions, a bank to bank international wire transfer may be the best choice, especially if you go to the receiving bank and negotiate a better exchange rate.

For medium size transactions, Wise may, in fact be the best choice.

For small amounts (and there is really no good reason to withdraw small amounts as it’s very costly) a debit card transaction at the teller counter with a no fee debit card may be optimal.

If you are really smart you will go into Wise and automate your annual transfer when the exchange rate reaches ฿37 or even ฿38 to $1 USD (or whatever you prefer).

Wise is funny - when i tried to open an account (never had one before) it ended with error message like “account was probably used for suspicious activities”.

and to make it clear - that was the error message at “registering an account”

:)

Yes I agree, nothing beats wise.

Yes, after trying other options, in my humble opinion, wise is the best.

My US bank does not charge for international transfers. I’m sure they make their money somewhere but it wasn’t obvious that Wise would be better. My plan was to compare a $100 transfer using both my bank and Wise. In 2022 I tried setting up a Wise account. It was a bit of a disaster and a long story I won’t go into. Wise wasn’t much help fixing the problems. I gave up on Wise.

Use it every month, excellent.For larger transfers sometimes the bank transfer's are better, depends on your charges 😊

I prefer wise

I have tried many other options and have determined WISE is the best option for me.