What are the best methods for fast and cost-effective money transfers to Thai bank accounts?

Nov 28, 2024
15 days ago
Burak ******
ORIGINAL POSTER
Hi, what method do you use for fast and cost-effective money transfers to Thai bank accounts?
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TLDR : Answer Summary
For fast and cost-effective money transfers to Thai bank accounts, many users recommend using services like Wise and Revolut due to their competitive exchange rates and lower fees compared to traditional banks like Bank of America and services like Western Union. While Wise is frequently mentioned for its efficiency and affordability, Revolut is also favored for certain income currencies. Depending on the amount being transferred, users noted that Western Union may offer better rates for larger sums, while Wise is preferred for smaller transactions. Additionally, some users mention XE and AFX as alternatives.
Ken *********
AFX.
Gary ******
XE
Amanda ********
Wise
Ko *******
Wise or Revolut.
Warren *************
Revolut I find is cheaper
Duo *****
Wise
Jim **********
A thai girlfriend
Jacek *************
Revolut
Mateusz *******
Revolut or Wise, depends on your income currency
Thomas *******
I use Wise,very fast
Burak ******
ORIGINAL POSTER
@Thomas ******
It's been 2 days and money didn't still transfer to my bank account. How fast is this?
Marvin **********************
@Burak *****
depends how much your sending and how new the thai bank is
Thomas *******
@Burak *****
i dunno what been wrong with you Transfer,but my Transfer most arround 1 min
Burak ******
ORIGINAL POSTER
@Thomas ******
which bank do you use?
Thomas *******
@Burak *****
in thailand?
Burak ******
ORIGINAL POSTER
@Thomas ******
no outside of thailand
Thomas *******
@Burak *****
from Wise to kasikornbank,Bangkok Bank and siam commercial Bank always around 1 min,but by big national holiday can get to 1 hour the Transfer .
Burak ******
ORIGINAL POSTER
@Thomas ******
ok thanks
Marc **********
I've used my Bank of America and it had no fee. However the next time the Wise exchange rate was better and even with the small fee, it was better than Bank. It might vary and you can partially complete the forms to compare.
Alex *******
For larger amounts Western Union gives the most but on smaller amounts Wise is slightly better
Alex *******
Actually it depends on the beginning of the way))
Pete *******
Wise