What are the best methods for transferring money to Thailand while managing fees?

@Mark ********

but the variable fees will kill you. It used to cost me about $26 to send my monthly allowance visa wise. When i switched to using swift through Schwab, they dropped to $15 and I'll never have to worry about the deposits being tagged as foreign funds or not....

I use Xe and they guarantee the rate, but SCB charges me a fee to handle the transaction...there's really no way around it, except to carry cash.

You are stupid as they come. You really don't understand English do you. 0 baht or translate for you clown dollars added to ametican acct saving up to 0 dollars at 5 percent is no chuck change versus your idea of parking fee to stay in thailand for 0 baht with almost zero interest. You are defiantly the clown. That's why some us have real money and not make clown money like you.

Both of you idiots (yes, idiots) forget reality on Thai Immigration:

*** Immigration does NOT allow me to use the 12-months transfers from abroad to my Thai bank account, because my Embassy still issues the certified income affidavit!

They say, as long as your embassy issues it, you have to use it!

***I was self-employed for 35 years but paid voluntarily into the government pension fund. So at least I receive some meager pension. The advantage is, I am health insured for 56.- Euro per month

However my 663.- Euro pension is not enough to use the income affidavit. My half a million in investment in my bank account are irrelevant

My Immigration does not allow the combination method.

I know a few thousand others are in the same situation, not being able to use the 12-months bank statement method, and receiving a pension lower than 1750.- Euro, which at least you need to fulfill the 65,000 THB requirement

*** So what’s left when the day is nearing sunset and you have waged all options?

It’s the 800,000 THB bank account deposit

@Matthew ********

the idiot you called out is somebody else, because 800,000 THB are not 0 US Dollars 😂😄😂

@Matthew ********

Yep! Some people are that helpless! No financial acumen at all.

@Robert ****

remitly way better than wise. I here people in forum all the complain about waiting to receive their money. Remitly is always instant and 1.99 compare to wise outrages fees.

@Roberto ********

The 800k is only needed for just over 5 months if planned correctly (as you have done) then reduced to 400k for the remaining 7 to 9 months of the first year. After that the 65k per month kicks in having aleady deposited it for at least the previous 12 months.

@Greg **********

I live in Thailand. My 11.5% tax free Super Fund helps me enjoy a great standard of living. I bring in 70k a month for money to live on. Why the hell wouldn't I use that to meet the criteria to stay here. Why would I tie up another 800k? Jesus, some people have zero financial acumen

@Roberto ********

if you put the 800k in Thailand not the 65k monthly then that 65k can be added into your investment pot which would roughly halve your 92k claim. I know nothing about about Australia Super Funds but it is relevant to all other investment scenarios as far as I am aware

Here comes the same old cliche, again

weep weep weep

“Oh those 800,000 Baht ( 24,000 U.S. Dollar) can make so much interest if I keep them in my home country”

*** well, countries worldwide where your peanut money can get more than 5% interest in a bank account, are rare. In European countries, a fixed "SUPER FUND" like yours in Australia in these days, gets you 3.5% at the utmost . . . same in the USA. You as an Australian are receiving conditions most people can only dream about

*** It is ONLY 800,000 THB, and this is the CHEAP parking ticket for a country, where everything costs less than half the price from the prices in your home country

So, are you the “Cheap Charlie” type?

In case the opportunity to live long term in a country with all its advantages, does not satisfy your greed and hunger for an acceptable ROI, you should not come to Thailand at all, but keep your peanut money in your home country

@David ******

are you 100% sure that these WISE transfers are still coded as FTT (or FET) in your passbook as coming in from abroad ? There were reports that many are now coded as inner-Thailand transfers. You better update your passbook and check!

@Greg **********

you can use 400,000 through the year keeping it at 800,00 2 months before and 3 months after your visa renewal

@Greg **********

I hope it’s a fixed deposit interest bearing account.

The money still loses value every year due to ~7% inflation, but 2% APR interest helps reduce the loss.

@Greg **********

Precisely right. I far prefer the done once deposit and not have to worry about doing something 12 times a year that's always subject to delays and other complications.

@Tony *********

Schwab is best all the way around