Should I use Wise or Bangkok Bank for transferring money to my account in Thailand?

The actual exchange rate is by far more important then any fee. Stick with Wise.

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I used this to transfer money from my Navy Federal to my Bangkok Bank account, no fee as it is going from a US bank to a US bank via ACH. The NYC branch of BKK Bank is a US bank account, not an international account, so there should be either a crazy low fee or no fee.

Transfers in to Bangkok Bank have to be formatted as international ACH. The vast majority of US banks don't have the capacity to do this with their online banking, it's not necessary for domestic transfers so it's this really niche thing of a domestic transfer to a branch of a foreign bank that is going to send it on abroad... they just aren't set up to give that option.

It's still available for things like Social Security where the SAA is set up to code the transfers, and it will also work if you can actually get your sending bank to code the transfer as international. If not, though, they'll reject it.

There is a 0.25% 200-500 baht incoming fee in Thailand, there is also a fee $10-20 from Bangkok Bank New York, and also the exchange rate spread. It's not cheaper than Wise for smaller amounts, it may work out cheaper for larger amounts, over $5-10k or so, this depends on current rates and you'd need to check.

I did it few times and worked out good...good exchange rate and 10$ commission

Use Moneygram .com if you have a VISA debit card you will get the best transfer rate. Right now 1$=34.41bahts. Rate is much lower if not use a VISA debit card.

Been using Schwab for years. Seamless, easy, never a problem and minimal fees.

Wise is good I've used them for the last 5 years

Check the actul exchange rate you get too, I find wise to be far superior to bank rates

I have the same Schwab checking account - if you have the associated debit card, ATM withdrawal fees are waived & reimbursed across the board. Single best account/card for an American in Thailand.

Wise is good. I’d go wise over Bangkok Bank tx.

Binance P2P is better - but requires some crypto know how and some initial setup. More of a long term solution.

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