Update: it took me less than 60 seconds to open an account, set up a transaction between US and Thai accounts, and receive the funds using remitly. The first time used, the transaction fee of $1.99 was waived with an exchange rate that was 0.12 baht per dollar less than what wise showed at the exact same time, which means 120 baht less per $1,000 usd sent. Comes out to be a bit cheaper than wise in fees/conversion, even if you calculated in the 1.99. Thank you everyone who suggested Remitly.
Anyone have a good alternative to Wise for transferring funds between personal accounts in America and Thailand? I used wise for 6 years for the same thing and all of a sudden they are asking for crazy amounts of information, cancelling transactions because after I provide what they ask, they say they need additional information, it’s kinda gotten ridiculous. I’m open to starting a new bank account with a U.S. bank if that can make things more easy. Thanks
TLDR : Answer Summary
The discussion revolves around the challenges some expats face when using Wise for money transfers between the US and Thailand. Users express frustration over increased verification requests and canceled transactions. Several alternatives to Wise are suggested, including Remitly, MoneyGram, and Xoom, with various users sharing their positive experiences with these services. Some expats also mention using their banks for transfers, with suggestions for specific banks and insights into fees and transfer times. Overall, many contributors highlight the importance of finding reliable and efficient methods for transferring money internationally.
