Answereda year ago
Should I deposit money to my Thai bank account in Thai Baht or Pounds Sterling for my marriage visa?
Just opened a bank acc with KBank . I need to deposit the required amount from my revolut account to start the marriage visa ! Do I send money to my Thai bank account in Thai baht or Pounds sterling ?
Answer summary
When depositing money into your KBank account for a marriage visa in Thailand, you can send funds either in Thai Baht or Pounds Sterling. However, it is generally advised to send the money in Pounds Sterling and convert it after arrival to get better exchange rates. Revolut offers favorable rates for conversions, and some users recommend using it to transfer funds. It's worth checking rates and fees beforehand to ensure that you get the best deal.
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Barney ***************
Will it be marked as a foreign transfer if using Revolut ?
John ********
OP@Barney **************
let you know tomorrow !Gary **********
Have you opened a wise account?
John ********
OP@Gary *********
nope , I use revolut !Andrew ***************
@John *******
I used revolut once from Australia to the ttb bank some reason it went through Nsbc and they took 20% of my money still haven’t found out why have asked both revolut and ttb and no one can answer luckily only a small amount of money. I would be carefulAndrew ***************
@John *******
try a little test firstJohn ********
OP@Andrew **************
thanks for the heads up ! Will monitor carefully !Gary **********
@John *******
think wise as a better exchange rateJay ******
Revolut has better exchange rates, send it there and exchange in the revolut app. That’s how i change all my money to baht now
Jim *******
@Jay *****
The receiving bank in Thai converts whatever currency into Thai Baht. You did nothing.Jay ******
@Jim ******
i do the exchange in the app before I take out from atm because it’s a better rate.John ********
OP@Jay *****
how much better ?
William ***********
@Jim ******
actually you can buy Thai baht within your Revolut account. Taking advantage of any peaks in exchange rates at anytime you want. When you use your Revolut debit card. It withdraws the baht first from your account.Jay ******
@William **********
exactly, loud mouth needed to be schooled, thanks 🙏
David *******
Just send in crypto to your wife, tax free in Thailand to cash out then deposit into your bank!
John ********
OP@David ******
has to be international transfer !!!!!
Spencer *******
@John *******
not for Marriage extension of stay, for retirement yes
Charlie ***********
Convert on revolt it's better I do like that all the time
Steve *******
Send in Sterling, convert in Thailand. You'll get a much better rate.
John ********
OP@Steve ******
it's not the rate I am worried about . The transaction has to show in my bank book as international transaction . So sending sterling at least looks Koshor ?
Graham ******
@John *******
for a marriage visa an international transfer is not a requirement unless your Immigration Office is rogue (have you got their list of requirements yet?)John ********
OP@Steve ******
more important that the transaction shows as an international transfer in my bank book when it's updated . Anyone know the code for international transfer that is put in the book . Please ?
Kim *********
@John *******
well it's quite simple 😊 My BKK book shows "international funds transfer" if I use Revolut's International swift transfer.John ********
OP@Kim ********
thanksGary **********
@John *******
for marriage visa extension it doesn't matter if it's not shown as international transferJohn ********
OP@Gary *********
good to know .thank you !
Wannikea *********
It really doesn't matter, but likely the receiving bank if you send Sterling we'll have a worse foreign exchange rate than the app you're using. Check the rates and fees first.
Jim *******
@Wannikea ********
I am sending money to my daughter, a triple citizen (Thai, Australia, Japan) now a student in Australia. From my Japanese acount. She recevies the funds within seconds。An Australian bank (ANZ), no transfer fee (when you have over 100 ,000 AUS$ in your Japan account).SWIFT. No mickeymouse transfers.
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