What are the options for accessing savings while on a DTV visa in Thailand without a local bank account?

@Massimo ******

1 reason is you can buy the baht inside the Revolut account at any sort of bounce up in exchange rate. Without having to run to the atm when you see the rate you are looking for.

I personally only use the Revolut card with Apple Pay. Since it pulls baht out of my account. When I make a purchase I know exactly what is being withdrawn without trying to figure out the conversion I am getting at time of purchase.

@Jorge *******

Yes. Exactly as with Wise. Just the fees and rates aren’t as transparent.

@Jorge *******

yes.

@Jorge *******

there is also the thai way of course. Contact an agency who can "arrange" the bank account. As i did 12 year ago and my son did 1 year ago when he arrived here. ( he paid trough a real estate agent's sales her sister who worked with "THE" bank, and he paid about 10.000thb for it , and he had an legal and official bank account and he needed to buy an insurance what was around 3000thb .). But if you are going to use wise , than you can transfer in different ways. best to check it all out. Wise allows sending money to someone without a local bank account by sending it to their Wise account using their email address or by providing a way for them to receive it in a mobile wallet like Apple Pay or Google Pay. Alternatively, for specific regions, Wise offers ways to receive money into a mobile wallet or other services, which could be used by someone without a traditional bank account.

Using the recipient's email address

1. Send an email request:

When you add a new recipient, you can use their email address instead of bank details.

2. Recipient adds details:

Wise will send them an email asking them to provide their bank details or to set up a Wise account.

3. Money is sent:

Once they've provided their information, Wise can then complete the transfer to their chosen method.

Using other services for recipients without a bank account

Wise also supports sending money to recipients in various countries through different methods, including:

Mobile wallets:

In countries where these are prevalent, you can send money to a mobile wallet such as Apple Pay or Google Pay, which can store money without a bank account.

Other payment services:

Other providers like PayPal, Venmo, Western Union, and Cash App allow for sending and receiving money that does not require a bank account.

Other considerations

Money to Link feature:

Wise has a "Money to Link" feature that allows you to send money by email, and Wise will try to find their existing Wise account or prompt them to create one.

Discoverable account:

If the recipient's Wise account is set to be discoverable, you can find them using their phone number or email address.