What are the current issues with transferring money to Thailand using Wise?

Ian Hojo

Ian Hojo Wise

If you are transferring money to Thailand with Wise, it is important to take action now. As of 6 May 2025, numerous Thai banks will no longer be supported due to system changes.

Banks no longer supported as of 6 May; – TMBThanachart Bank (011)

–Citibank (017)

– Sumitomo Mitsui Banking Corporation (018)

–Standard Chartered Bank (020)

–United Overseas Bank (024)

–Government Savings Bank (030)

–HSBC (031)

– Deutsche Bank (032)

–Government Housing Bank (033)

– Bank for Agriculture and Agricultural Cooperatives (034)

– Mizuho Corporate Bank (039)

– BNP Paribas (045)

– Bank of China (052)

– Thanachart Bank (065)

– Islamic Bank of Thailand (066) – TISCO Bank (067)

–ICBC (070)

– Thai Credit Retail Bank (071)

– Land and Houses Retail Bank (073)

– Sumitomo Mitsui Trust Bank (080)

These banks remain moneyless for the time being accept:

– Bangkok Bank

– Kasikorn Bank

– Krung Thai Bank

– Siam Commercial Bank

– CIMB Thai Bank

– Bank of Ayudhya (Krungsri)

– Kiatnakin Phatra Bank

Transfer limits are set per bank;

– Bangkok Bank & Kasikorn Bank: max. 2,000,000 THB

– Siam Commercial Bank: max. 1,499,999 THB

– Other banks: max. 49,999

– Minimum amount: 1 THB

– Unlimited number of transfers possible

Ian Hojo In my understanding, once you arrived, get a mobile sim card under your passport number and open it for use (this is also for long term stay verification purposes) and get the actual accommodation lease contract sorted out, you can then use your long term lease document accompanied with a copy each of house registry and landlord's ID card (both certified true copy), and a copy of respective TM document (long term residency register that you did online within 24 hrs from long term lease signing), go to the bank branch where you think best fits your situation, request to open an account "for retirement" (Actual passport with biodata page and visa page, your mobile phone, accompanied home country driver's license if you have (just in case), copy of TM resident register you did online, reference copy of your long term lease (attached with its accompanied documents) on the accommodation for your retirement, and work out how you can send money to that new account of yours once the bank completes your account opening. If Wise or Fidelity can do it, then be sure to obtain a copy of transfer slip for each transaction. If you do the SWIFT or EFT (Electronic Funds Transfer) that goes through Baht Net (and may take a few days), you will definitely get a transfer slip in your email although the fees might be more than other services. Also send 20,000 baht more in case some of the money gets deducted as additional fees. If you would like to do the EFT, ask your bank branch for the Swift Code once you get your new passbook. The bank teller will write on on the first page of your passbook. You will later also need to submit a copy of each transfer slip to extend your visa for the first time so what I explained above is the actual process you must go through. As a matter of fact, don't send your money for retirement to other people's account as doing that will not qualify you for the retirement visa.

Ian Hojo the 800,000 needs to be sent as 1 payment not several. So swift direct bank send is much better

Ian Hojo Please read carefully the requirements related to funds transfer for retirement.

Ian Hojo but send it to your own Thai bank, not someone else's. It might work better.

Ian Hojo check from wise account it’s there I don’t know same with mine or not

John is correct. Use Wise to transfer from your home bank account to the Thai account. You can transfer a fixed number of Baht you want with no issues.

@Ian *****

things have changed with Wise since it was officially recognised as a financial service provider in Thailand. If you hold thai baht in Wise you might have issues depending on where your Wise account is registered. But if you just set up a transfer in Wise to your Thai bank from your UK bank (rather than using a pot held in Wise) that should work fine

Ian Hojo what is the base currency that your funding from?

Wannikea Wanblee you can find them on wise account press account detail and slide up it’s there might be different from mine