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

@Nongnuch *******

when I did it the banks exchange rate was normally better but I assume this depends what card you are using

@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.