Answered7 years ago
What are the current restrictions and options for international money transfers using KBank in Thailand?
About time 👍
Answer summary
The discussion centers around the recent introduction of international money transfer options through KBank, initially limited to 24 countries and six currencies. Users express both excitement and caution regarding potential transaction fees, noting that international transfers appear to be for sending money out of Thailand rather than receiving it. Some participants share their experiences with KBank and other banks like SCB in managing international funds, along with suggestions for app updates to access transfer features.
22 repliesnewest first
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Nathan ***************
Wait and see the charges in two months time
Me... I’ll stick with TransferWise
Me... I’ll stick with TransferWise
Steven ***************
OPMore currencies to be added soon. Only 6 available at the moment.
Bill ********
It appears it's only for purposes of transferring money OUT of Thailand. It wouldn't help those needing to transfer money from their country of origin living in Thailand. (For example transferring pension money or social security, etc. )
Steven ***************
OPOr use your bank in your home country.
Azharuddin **********
That international transfer option isn’t working.
Steven ***************
OP@Azharuddin *********
. Not available to all countries. Ive used it to Australia.Tom *******
Don't forget though that there’s still probably a transaction charge at the receiving bank end.
Steven ***************
OPPress transfer button. If you still dont see it,update the app.
Steven ***************
OPAs i said it depends on YOUR bank. Ask YOUR bank.
Eg my Aus Bank charges flat rate of $10 maximum to recieve international funds transfer.
Eg my Aus Bank charges flat rate of $10 maximum to recieve international funds transfer.
Tom *******
Sure but most banks charge for incoming overseas payments. Thai banks do, too.
Steven ***************
OPDepends on your o/s bank after the 2 months
Tom *******
Ok thanks. I want to open a KBank account but have been using SCB for the last 21 years. That’s why I asked. I did have an account with KBank before that but when it was Thai Farmers Bank.
Tom *******
Great news. Is there a link for this? I looked on the KBank site but couldn’t find one.
Tom *******
Seems like they only want KBank customers to know about it which is why it’s only on the app. Strange.
Tom *******
Yeah all that stuff is standard fare but before a person went to the trouble of opening an account and downloading an app, they would need some basic info about the promotion on offer which can usually be found on a website affiliated with the bank. It appears not in this case.
Steven ***************
OPNeed to open account at branch first to use it.
Steven ***************
OP@Tom ******
Phone app called K+Steven ***************
OPLimited to 24 countries at the moment
Vivek ********
@Steven **************
you have immense knowledge.
Brahim ******
Great news
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