I've just transferred £1000 from UK to Kasikorn, the UK charged just £5 and i sent in pound sterling, because UK always charge more when they exchange it. However Kasikorn has just creamed 3%, no biggy for £1000, but this was a trial to see speed and charges, it will kill me sending 5 or 10 million baht. So my question is, from experience, do any of you know whether different banks charge different amounts, if so which is best, and finally does the amount % get less the more you send?
TLDR : Answer Summary
The discussion revolves around the experiences of various individuals regarding the transfer of large sums of money from the UK to Thailand. Key points highlighted include the different fees charged by banks, with particular mention of Kasikorn Bank and Bangkok Bank's fee structures. Several users recommend using services like Wise and Revolut due to their lower fees and better exchange rates compared to traditional banks. There are also mentions of the need to inform receiving banks about large transactions to avoid complications related to tax and money laundering regulations. The quantity sent may affect the percentage fee, with larger transfers potentially incurring lower percentage fees. Overall, readers are encouraged to explore various money transfer services for the most cost-effective and swift options.