Hi, I am just opening my Thai bank account and wondered if anyone had advice on cheapest way of transferring large sums into the account. I can use Swift from my uk bank and have Wise and Revolut but open to any suggestions to minimise charges. Many thanks for any reply
TLDR : Answer Summary
The discussion focuses on the cheapest methods for transferring large sums into a Thai bank account. Users recommend options like Wise, which is ideal for amounts under £10,000, while bank swift transfers might be more economical for larger sums. Revolut offers quick transfers but may have exchange rate concerns. Some participants mention Western Union and Remitly as alternatives, emphasizing the importance of comparing fees and exchange rates. Additionally, there are concerns about how these transfers might alert banks regarding residency status.