Answered2 years ago
What alternatives can I use for transferring money to Thailand after Wise removed the long-term stay option?
Good morning Wise has removed option long term stay when transfering money to Thailand. Sent emails but get useless reply for support.
Any idea what option to choose now.
Any idea what option to choose now.
Answer summary
Users are expressing frustration over Wise's removal of the long-term stay option for money transfers to Thailand. They are seeking alternative options that still classify as international transfers for visa purposes. Many suggest using options like 'buying property' or 'personal expenses' as potential workarounds, even though some have noted that these also often result in international transfers. Other services such as Remitly, MoneyGram, and Revolut are mentioned as alternatives, and users are discussing their experiences with various labels when sending money and how these affect visa processes.
111 repliesnewest first
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Marty ********
WISE is getting worse. Different people there give different responses. Also, I keep asking them how can they tell me my TRANSFER will take X number of days when I haven’t selected my METHOD OF PAYMENT yet, plus last 2 transfers, a few days later they send me an EMAIL stating my money will arrive with them in 3 days and I say, after talking with both banks, I use, that is BS.
Chris ****
Use your banks SWIFT if you’re not able to risk it.
Bob *******
OPHi sent option other did not show foreign transfer on bank statement
Peter ****************
@Bob ******
Ah, missed that one then. Thx for reply.Peter ****************
@Bob ******
Maybe a bit late but today I transfered some money to my kasikorn bank, and the option "funds for long stay etc..." was there. In 4 days I transfer to my Bangkok bank and will look if it is registered 'international' as before. I did not see some post that it's back 🤷♂️ Just to let you know.Bob *******
OP@Peter ***************
thank you I did post that it’s back
Matthew *******
If it’s not showing up as international will that mean it can’t be used to tax the account holder ?
I hope that makes sense
I hope that makes sense
Nick ************
I have tried three options after contacting Wise and getting my Bangkok bank account tagged. It seems other has worked for some but not for me. I will use personal expenses for my next transfer for Visa purposes as I do not intend to buy a house.
Interestingly the other transfer took a few seconds while the other two took 24 hours to show in my account,
Interestingly the other transfer took a few seconds while the other two took 24 hours to show in my account,
Kirsten *********
I have used either personal expenses (used to be general monthly expenses) or rent and other property expenses. Never had a problem with this showing up as international transfer into Bangkok Bank. I did have a problem a couple of years back when I initially transferred to SCB because apparently it arrives into SCB as a local transfer. BKK Bank no problem whatever the label is
Ian ********
Choose anything you want, what does it matter as long as the money arrives, I always choose sending home to family.
Poul **********
When transferring directly from my Danish bank a/c to Kasikorn Bank savings account the transaction is labeled ‘Trade Finance Deposit’ will that be interpreted as intl transfer?
Vladislav *******
Anyone has experience with Xe?
Nick ************
@Vladislav ******
XE has worked well but transfers rarely show as international.
Kevin *******
I use the post office
Deb ********
Torfx is another option, you get your own customer service manager.
Paul *******
I used the "personal expenses" option yesterday and it's arrived in my bank today with "international funds transfer"
John *********
Do people have experience with MoneyGram?
Daniel **********
In my experience, every selection (buying property, school expenses, monthly living expenses, medical, etc.) results in an international transfer. I've tried every one and use Wise 2-4 times a month for years. Always shows as International.
Sam *********
am i right to think the reason doesnt matter unless you need it to show as international for the 65k retirement or have plans to send it back out of thailand?
Ali ************
@Sam ********
you are correct for retirement visa renewal but if you buy a property it is required to show the reason.
Nigel **************
@Sam ********
yes
Gregory ********
Its funny most people comment one service is better than the other,but never comment on the rate they are getting—where the institution actually makes its money
Bob *******
OPI have emailed wise but replies useless no help at all
Peter **********
Property purchase
Ian *********
yep thats what i use .
Julian *******
I use monthly living expenses and it shows up as international transfer on my statement with Bangkok bank
Luc ************
It's all been explained in the Wise Facebook group.
Charles ********
I believe you contact wise and have them change your account use a wire transfer for your inbound money in to Thailand as default .
Daniel **********
@Charles *******
that will result in a US $33.80 subtracted from your incoming transfer. Been there, done that twice last month as I couldn't wait 6-7 days for the transfer. Now it seems they are back to 24 hours transfer time.
Janelle *****
Revolut
Ken ********
Why oh why, have they removed the long term option. They know its needed for people who use it for visas, just can't understand why they've removed it.
Ken ********
@Nick ***********
cheers Nick, it just seems all unnecessary.Ken ********
@Nick ***********
wow, cheers Nick. What a carry on innit. No need for it at all in my opinion. I suppose they have to keep updating for many reasons unbeknown to us.Nick ************
@Ken *******
mine was also tagged 2 years ago but now that the long term stay option has been removed I would advise you to get it tagged again as I did yesterday. It seems that there may be a connection between the tag and the option chosen.Ken ********
@Nick ***********
good to know Nick, thanks.Hopefully, cos I tagged mine a few years ago, mine should, in theory, do the same as yours. Much appreciated, enjoy your weekend
Nick ************
@Ken *******
I got my Bangkok bank account tagged with Wise yesterday and did three transfers using different reasons. Results in picture.Nigel **************
@Ken *******
they say to bring them in line with international regulationsKen ********
@Nigel *************
reallyBob *******
OP@Ken *******
so stupid
Joseph *******
who cares bro just choose another one
Ian **********
@Joseph ******
The other ones usually didn't show as an international transfer so they couldn't be used for your visaJoseph *******
@Ian *********
ahh]
Ahmed *******
I have always used general monthly expenses
Colin *********
@Ahmed ******
that's no longer an option. Anyway, 'general monthly expenses' probably, or might not have shown up as an "International transfer", which is necessary for those living in Thailand on long term Visa Extensions.Ahmed *******
@Colin ********
i just made a transfer today and selected personal expenses , i think its the same thingColin *********
@Ahmed ******
ok, so from what you say it shows, this option wouldn't work for Visa related matters, but ok for general day to day expenses, purchases etcAhmed *******
@Colin ********
from wise paymentsAhmed *******
@Colin ********
it shows transfer from a/c at another bankColin *********
@Ahmed ******
"general monthly expenses" and "personal expenses" likely would be the same, which wouldn't be an issue for general day to day expenses. Whether "personal expenses" shows up in your Thai bank account as an 'International transfer', well maybe you can let the group know. The point of the original post, is that the option "Funds for long term stay", which shows that the transfer came from overseas once in the Thai Bank account, where the other options didn't, is necessary when applying for Visa Extensions for those living long term in Thailand.
Paul *******
@Andy ********
yes I used this option yesterday and it's come through as "international funds transfer"
Richard ********
@Andy ********
I saw your post yesterday and am waiting until 2pm to see it it shows as FTT.Bob *******
OP@Richard *******
me to
Øyvind *************************
Credittcard to credittcard 2.5 dollar to send 5000 dollar...take 2 min from Norway to Cambodia card.you are welcome
George *****************
guys if you want I can recommend app called jamjang they support Revolut and doing transfers themselves but you need to contact them on case by case basis 0.5% cheaper than wise new company from Australia but growing fast. Also no need to open Thai bank account when pay with prompt pay
Dee *********
@George ****************
I'm using Jamjang, it's great!
Mark ********
I flicked wise 6 months ago. To unreliable and slow. Gone back to my bank for transfers. Costs more but I know its done and wont have to check on it.
Ian **********
@Mark *******
My friend had trouble with Wise, so he transferred £1000 straight from his Halifax bank. He got £65 less with Halifax than he would have with Wise.Mark ********
@Ian *********
and...Ian **********
@Mark *******
12 x 65 = £780 so that is how much he would lose in a year by sending direct from his bankMark ********
..plus money is no object to me 😂
Upasaka ********
@Mark *******
I would think the Bank Transfer’s would cost less for the simple fact that you get a better exchange rate if you transfer into a Thai bank and make sure the thai bank does the exchangeMark ********
Take note Kharn 😂
Carlo ********
Revolut is better. Than is depending from Thai bank less 50.000 bath very fast over
***
daysCarlo ********
@Kim ********
well I use to send money from my revolut a/c to. Thailand or England without problem
Kim *********
@Carlo *******
yes yes of course - but some on the non-o has to show immigration that the monthly transfer is an international transfer - it's not a matter of just sending moneyCarlo ********
@Kim ********
but if you show the transfer of the money from your a/c of revolut bank is not an international transfer?
Lisa ***************
Wise told me to use other but told others to use "buying property". I used "Other" and it came through yesterday as international transfer. People who used "buying property" also say it came through correctly marked as international transfer.
Bob *******
OPFunds for long term stay in Thailand is been put back in the option section
Bob *******
OP@Lisa **************
tried other and living expenses does not show foreign transfer. Only purchase property which is not correct reasonLisa ***************
@Bob ******
mine showed as international but I'll use property purchase in the future.Upasaka ********
@Lisa **************
I’m just curious, are they going to impose taxes on money coming from outside the country starting from January this year?
Michael *******
@Upasaka *******
yesLisa ***************
@Upasaka *******
nobody really knows yet.
John **********
@Lisa **************
yes they do. If you are a Thai tax resident and bring assessable income over 120k baht into Thailand you are required to register for a tax number and complete a tax return
Terry ********
@Lisa **************
in my experience, lately it has been coding as an international transfer no matter what I choose. That’s with Bangkok bank.Lisa ***************
@Terry *******
great to know! One less thing to worry about. 😁
James *******
Use moneygram from the UK as it's better.
John ********
@James ******
You mean ripoffgramJames *******
@Brandon ***********
the rate is 43.67 though. Strange that wise are giving false information isn't it. They are also on UK cashback websites and transfer funds in minutes. Better
Tony *********
@James ******
- do you do a full comparison with Wise or others at the point of transfer using the live rates because that's the only way to tell. Fees are high for Wise hence companies like Revolut top then but most of us have stayed loyal to Wise ONLY because it did show up as in international transfer thus avoiding hassle proving this with Immigration. If it's now going to be more difficult then we do need to look at competitive alternatives so what's the fees and do you make a proper comparison?NOTE : Someone yesterday showed a Wise transfer using option to buy property and it was saying it would take about a week!
Tony ***********
Use Remitly
Brian *******
Pat ****
@Brian ******
they also wanted me to open a brokerage account so I cancelled 🙄Brian *******
@Pat ***
oh i opened one but never added any funds lolBrandon ************
@Brian ******
that doesn't help someone who must be able to show international bank transfers for their visa extension.Brandon ************
@Brian ******
that's literally the ONLY reason people use Wise and the "long term stay" optionBrian *******
@Brandon ***********
he made no mention of that was a need..Terry ********
@Tony **********
Remitly doesn’t code as international.George *****************
@Tony **********
Remitly it’s great ! I am using everyday !
Joe ******
And family one as well
Brandon ************
Others have posted about this issue. Wise has stated if you use the option for buying property, that it will code as international.
Ruth *******
@Brandon ***********
but if people aren’t buying property, should they be doing that? I’m pretty sure they’re agreeing to the fact that their statements are true.Bob *******
OP@Brandon ***********
I have seen that but not the correct reason. I feel immigration could say that’s fraud 🤷Brandon ************
@Bob ******
the bank transfer doesn't include the reason you put into Wise. It just says domestic or international.Bob *******
OPAli ************
@Brandon ***********
is it acceptable by the Land office or bank would give FET as you state the reason for purchase of property?
John *********
@Ali ***********
With krungsri bank noJohn *********
@Ali ***********
I'm only with Krungsri so I don't knowAli ************
@John ********
what about SCB? Would they accept the reason to state for FET?Bob *******
OPPeter **********
@Bob ******
Property Purchase could also cover Mortgage Payments in the scope of words used
Chris **********
@Brandon ***********
Which option is national?Brandon ************
@Chris *********
every other option will show up as a "domestic" transfer.
Patrick *****
@Brandon ***********
I will loke to learn the difference if it shows up as domestic or international in the Thai bank account. Thank youBrandon ************
@Lifeis *****
people that use monthly transfers for proof of income must be able to show their transfers are international.
Lifeis ******
@Brandon ***********
sorry for breaking in. Which is the desired option, domestic or international?Chris **********
@Brandon ***********
Thank you very much!!Activity
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