Should I convert money to Baht before using Wise App to transfer for my retirement visa requirements in Thailand?

@Nongnuch *******

if you're a registered user then you have an account

@Mick *********

but you don't have a bank account with WISE, like people have who got a WISE debit card for the multi-currency WISE account . . . . . . . . You just have an registered "account" with them, not a "bank account" . . .you wrote "Just deposit money in your wise account" and that is WRONG !!! You don't have to deposit any money in your WISE account, You just have to transfer money into the WISE account as a registered user

@Nongnuch *******

chap you clearly cannot read.I never said it was a bank account. I called it an account. And transferring money into means your making a deposit. But clearly you're a word smith who feels he has superior knowledge . However I stand by my comments and don't need to use capitals to make my point

@Mick *********

you said "put money into your WISE account" - it clearly implies that you got a bank account with WISE. If you meant "using WISE", the correct wording must be "transfer money to the WISE account". The "your" is missing. I am not a wordsmith, I wish people who have absolutely no idea of what they are talking about should not hand out wrong advice in this group

@Nongnuch *******

chap as someone who's been using wise for 7 years and transferring money on a monthly basis my advice Is 100% correct. I have an account at my local garage it doesn't imply its a bank account. It's your interpretation. You clearly cannot read as you quote me as saying "put money into your wise account." I didn't say put . Stop being a 🔔 end and read before you speak

@Mick *********

You sentence could be misinterpreted, that's why I insist to correct you. "Just deposit money in your wise account then send it to your thai account" . . . . . . one more time, the last time: You don't need an account with WISE in order to use WISE to transfer money to your Thai bank account. You just need to be a registered user

@Nongnuch *******

you clearly have no understanding of wise. You use it's services, then you have an account. That's a simple fact . But you clearly know better than it's millions of customers. I suggest you check the wise website . You cannot send money without having an account. 🎣🎣🎣

@Mick *********

"You cannot send money without having an account" . . . . why are you still arguing? I don't need a WISE bank account to send money to my Thai bank account using WISE. I just have to be a "registered user". I transfer money from my home country bank account to the Belgian bank account that belongs to WISE (and NOT to "my wise account") and WISE will take care of the last step

I have met some really daft people during my life. But the experience here with this guy, it beats everything. Daftness and stubborness from someone who is obviously illiterate. He cannot see the difference between "your account" and "their account" . . . . .He can't even express himself in correct English. The laughing icons are a reminder that he ran out of valid arguments. . . . . . Well I shall leave it to others to decide who is in the right. I got my own visa-advice group and the many thanks I receive every other daymake me proud

@Mick *********

I am using Wise since the times when it was called Transferwise and I needed to transfer money to their Irish bank account. I don't have an "account" with WISE. I am just a registered user. So I do not "Just deposit money in my wise account then send it to my thai account". Unfortunately your wording implies that one needs a Wise bank account. What I said was that you don't neccessarily need a bank account with WISE in order to send money through WISE. . . . . . . . Myself, for example, I transfer money from my home bank account to the Belgian bank account which belongs to WISE, and they transfer it on onto my Thai bank account . . that's a difference from what you commented. However you seem not to have the wits to see through the logic

@Stuart **********

You can do the homework yourself using the WISE app, and not rely on random people.

Set up the transfers and you will see the amounts that would be finally paid into your Thai account.

I did it recently.

Converting to THB inside of WISE to a WISE THB account before transferring to a Thai bank came out marginally better after charges than sending GBP.

However, that's based on just a couple of transactions and hardly statistically significant.

I expect that WISE tries to minimalise the arbitrage and there will never be a significant difference.

Let us know the results....

Just did it.

If you want THB 20k in the Thai account, it will currently cost GBP 452.12 via a WISE THB account, and 451.99 directly to a Thai bank.

13 pence cheaper going directly.

Or 0.03%

@Richard *******

I do this. Does it include any charges the Thai bank might add for converting the currency if you send gbp?

@Stuart **********

If you are using WISE then they send THB to your account.

There are no recipient charges for this.