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Answered2 years ago

Should I have my wages paid into my Thai bank account in Canadian Dollars or transfer them from my UK account?

David ***********
asked Oct 23, 2024
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This is a bit of everything else.

Hi what would be best to? To have a wage paid directly into my Thai bank account in Canadian Dollars or have it paid into my UK account then transfer it to my Thai account. T.I.A.
Answer summary
The discussion revolves around whether to have salary payments made directly to a Thai bank account in Canadian Dollars or to first deposit it in a UK account and then transfer it to Thailand. Key points include the impacts of currency conversion fees, the implications for visa extensions, and alternative transfer services like Wise or Revolut, which can offer better rates.
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Norbert **********
Norbert **********
Transfer it to wise.com or Revolut there you can change it cheap in thb,and in 10 second it is in your thaibank
John **********
John **********
If you get it paid into the UK in Canadian dollars then transfer to Thailand you will have 2 currency conversion hits. I'd go straight into your thai bank
Braulio *********
Braulio *********
really??
Andy ************
Andy ************
Depends what visa you are on
David ***********
David ***********
OP
@Andy ***********
please elaborate?
Andy ************
Andy ************
@David **********
To remain in Thailand different visas have different financial requirements. In order to accurately answer your question you need to specify which visa you are using
David ***********
David ***********
OP
@Andy ***********
At the moment I'm on a 60 day visa exempt but I normally get a none O based on marriage
Tony **********
Tony **********
Probably UK and transfer what you need. Better rates on savings there and better investment options.
Graham ******
Graham ******
If you need to show money transferred to Thailand for Extensions of Stay I would say do it yourself so that you can ensure that it shows as an international transfer and goes through monthly

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