What are the best options for transferring large sums of money from the UK to Thailand while minimizing fees?

Use Wise , better rates all around.

Been using them for years, takes seconds!!

Xe is very good low cost service. I suggest get quote from xe and compare to wise.

I always send via revolut from uk to my k bank, much better rates than sending from my BOS account in uk

Look at transferring via the Bangkok Bank branch in London for large amounts. I believe you can use it to transfer to other banks and specify the conversion happens in Thailand. For smaller amounts Wise works well.

I use Wise it is fast, reliable, and low commissions. Before I used Kasikorn (Bahtnet) and got fleeced.

Wise

Wise

I used Wise to transfer a large amount of money recently, definitely worth considering. Takes a couple of days to arrive, but no issues whatsoever

Wise is totally transparent tells you what you pay, what they take and what will be in your Thai account. They also give you a comparison to other transfer sites so you can use it to shop around

I use Wise

Just a small hint no matter how you transfer if your planning on buying a condo make sure that you put purpose of transfer into Thailand is to buy a Property and that the bank you use provide you with a TT3 which is proof of an International Money Transfer. 😊

Use Wise.

Interbank exchange rates (about 2-3% better than banks)!

Multicurrency account (wait for good exchange rate)!

Less than 0.5% fees.

CC without fees.

I had the same problem with Swiss bank and kasikorn. Swiss bank took 5CHF, but exchange rates killed me.

PM me if you want a small bonus when opening your account.

Wise

Crypto if you can

Wise otherwise

Use Wise

Wise

I've always used Wise. But I hear Revolute and Monzo have competitive rates

Revolut rate is 43.895

Revoult are the best better than wise

Wise

Use Wise. The exchange fee is similar about 0.48% but you can then pay into a Thai bank for ฿44.76.

Wise is ok

Ask your banks?

Usdt

Wise is the best rate and charges at the moment and k bank don't crème anything if you pay in Bhat win win

We always use wise, better I'd you have a Thai account also

I too have a HSBC Global Money account, to remove UK fees. Is there any merit in having a HSBC Expat account? Bangkok Bank sound the best Thai bank, but I'm a few yrs away from retiring.

Wise

Banks will rip you rotten, use WISE….

Revolut is brilliant.

Bangkok Bank is 0.25%. Min charge 200bt Max charge is 500bt

I know that Wise can be contacted for sending, like you mentioned, 5 or 10 million Pound. They will provide the necessary documentation for the proof of the source of the money. The receiving Thai bank can't see the orign of the money, like selling a house, winning a lottery, criminal activities, historical family capital, etc. If you decide to sent the money in fractions of the total sum, let say 500,000 per month, the bank/tax department can assume you have a salary from your home country or, more serious, case of money laundering. There is a change that alarm bells will go off if sending right away.

Also the receiving bank must be notified. Leave that communication to Wise. These amounts are not common for private banking. Better save than sorry.

Global money account HSBC

Wise is best so far! I transfer $10k and then to Bangkok Bank no problem !

Willing to bet most of the people telling you to use wise haven't tried to send large amounts. Thai banks may or may not take an additional landing fee on top of whatever service you used to transfer. I transfer from Revolut/Wise in increments of 20k THB, this doesn't incur any landing fees with KBank and the processing time is instant. So if you need 100k baht, just transfer 20k 5 times in a row. Stupid but it works.

That's pretty good. Most U.S. banks charge $45 for international bank transfers.

Wise

Revolut

Wise

I use wise and putty in my wife's account so cheap

Western union!

Wise all the way

I use wise cheap

Just use wise

Take a small talk with Indian people in your area.

They make it with "hualla"you can look it up in internet.

Use crypto. No fees whatsoever

Why on earth would you transfer 5 mil? Are you buying a condo? If so, stop and rent.

From the UK why not use a money transfer company such as Key Currency, very safe and they ask you if you agree with the exchange rate before they send it or you can wait until it's more favourable.

Bangkok bank take 0.25 % or min 200 and max 500....Krungsri say almost same but pretty much always take 500 irrespective of value unless its very low value. Anyhow....wise or revolut don't tell you that. The figure is not too bad as long as you send over 40,000 baht (preferably 60K to actually guarantee a saving) as that costs you 220 for each 20K at the cash machine using your home card (if you can even get 20K as most cards are limited to 10K (some USA cards are 20K)....unless you use Aeon as they are 150 but they closed a lot of ATMs now.

Try western union and also wise I use both

Crypto.

Bangkok bank don't charge just wise not expensive

Get a wise account

I just use wise transfer to same bank from uk bank to wise then to bank in thailand cheaper by big amount.

Wise rate at the min is 43.7477

You wool find this fast and a great rate.

Transfer from UK acc to Wise acc then transfer to your Thai account. Better than uk bank exchange rate, small fees & speedy transfer there in seconds

HSBC free......decent exchange rate too.

if send over 150,000 baht you will be taxed in thailand a d amounts exceeding £10,000 banks notify hmrc

I use kapook to send money from the UK to Thailand, depends on how much you send, sliding increase, but very reasonable and quick.

What was the exchange rate?

Use Wise it tells you exactly how much will land in your Thai account.

Wise is fastest . Rates real good too. Get a wise card , you can have a bhat account. You top up when rate is good , use like debit card in Thailand. ( still 220 bhat fee at atm mind )

Western Union

It is inconsistent. Many people seem pretty okay with wise.

Get a quote from Wise