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What are the current restrictions and options for international money transfers using KBank in Thailand?

KBankinternational transfersmoney transfer optionsThai bankstransaction feesforeigner banking in Thailandmoney transfer limits
May 17, 2019
5 years ago
Steven ***************
ORIGINAL POSTER
About time đź‘Ť
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TLDR : 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.
Nathan ***************
Wait and see the charges in two months time

Me... I’ll stick with TransferWise
5 years ago
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Steven ***************
ORIGINAL POSTER
More currencies to be added soon. Only 6 available at the moment.
5 years ago
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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. )
5 years ago
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Steven ***************
ORIGINAL POSTER
Or use your bank in your home country.
5 years ago
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Steven ***************
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Azharuddin **********
That international transfer option isn’t working.
5 years ago
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Steven ***************
ORIGINAL POSTER
@Azharuddin *********
 . Not available to all countries. Ive used it to Australia.
5 years ago
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Steven ***************
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Tom *******
Don't forget though that there’s still probably a transaction charge at the receiving bank end.
5 years ago
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Greg *******
Dino Macenti thanks. Had to update the app
5 years ago
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Steven ***************
ORIGINAL POSTER
Press transfer button. If you still dont see it,update the app.
5 years ago
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Greg *******
Dino Macenti I must be blind. I don’t see it.
5 years ago
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Steven ***************
ORIGINAL POSTER
As 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.
5 years ago
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Tom *******
Sure but most banks charge for incoming overseas payments. Thai banks do, too.
5 years ago
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Steven ***************
ORIGINAL POSTER
Depends on your o/s bank after the 2 months
5 years ago
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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.
5 years ago
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Tom *******
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Tom *******
Great news. Is there a link for this? I looked on the KBank site but couldn’t find one.
5 years ago
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Tom *******
Seems like they only want KBank customers to know about it which is why it’s only on the app. Strange.
5 years ago
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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.
5 years ago
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Steven ***************
ORIGINAL POSTER
Need to open account at branch first to use it.
5 years ago
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Steven ***************
ORIGINAL POSTER
@Tom ******
 Phone app called K+
5 years ago
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Steven ***************
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Steven ***************
ORIGINAL POSTER
Limited to 24 countries at the moment
5 years ago
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Vivek ********
@Steven **************
 you have immense knowledge.
5 years ago
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Vivek ********
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Brahim ******
Great news
5 years ago
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Brahim ******
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