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What are the options for transferring money from a Thai bank to an overseas bank, excluding PayPal?

Money TransfersThai BanksExpat Financial ServicesDeeMoneyTransferWiseBank FeesInternational PaymentsVisa Regulations
Dec 6, 2020
4 years ago
Dimitris ************
ORIGINAL POSTER
Have anyone transferred on a regular basis money from a Thai bank to an overseas bank?

What are the ways except PayPal ? Fees I and limitations imposed by thai banks to do so?
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TLDR : Answer Summary
Many users have shared their experiences on transferring money from Thai banks to overseas banks, emphasizing various options apart from PayPal. Popular methods include using services like DeeMoney, TransferWise, and traditional banks such as Kasikorn Bank and SCB. Users reported that fees and exchange rates differ significantly, with some banks imposing limitations on non-Thai citizens. Recommendations for using DeeMoney highlighted its competitive rates and low flat fees, while TransferWise was noted for its reliability and favorable rates for receiving money. Additionally, some users suggested exploring Western Union as an alternative, combining the convenience of bank transfers with favorable rates.
Peter **************
I used to use Bangkok Bank. Lloyd's bank to Bangkok Bank in London, no charge. Bangkok Bank London to Bangkok Bank Pattaya £20, then a final 200 baht for Bangkok Bank Pattaya for receiving.

I now use Western Union - direct into my Kasikorn Bank £1.90 total, for up to £2000
4 years ago
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David *********
Smartway or Baht Smart
4 years ago
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Wim ******
Better use transferwise...best rate small fee
4 years ago
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Merv ***********
They are reliable. No problems at all ...
4 years ago
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Merv ***********
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Neil ************
Western Union via BKK Bank is the best for me. Set up a link between your overseas bank (in my case the UK) and WU. You have to do it online first on the WU THailand website and then physically take document proof, including your passport, to the Robinson Airport (Central) Mall.

Go to the small WU booth/office inside Robinson dept. store and give them the documents.

After that, you can transfer online via the WU Thailand website, only for a 100+ baht fee.

From using this service, I got better rates than I did with TransferWise or XE.com, at least for the last 18 months, unless things have changed.
4 years ago
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Carlos ********
There is a company called Dee Money in bangkok which does it. I havnt tried them myself because they had a lot complaints last year. Apparently they are resolved now. They have a storefront on Sukhumvit so I guess its legit.

Alternatively you could buy bitcoin from an exchange in thailand and send it to am exchange which pays out to bank in your destination country
4 years ago
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Himanshu *********
You can transfer from TMB bank and SCB as well.
4 years ago
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Samui ***********
TransferWise the best for sure!
4 years ago
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Kevin ******
@BA ********
 totally agree. 3 years no problems and good rates
4 years ago
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Kevin ******
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Brett ***********
very good question, thank you.
4 years ago
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Steve *******
Transferwise has been the best option for me.

Good rates and fast service.
4 years ago
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Dimitris ************
ORIGINAL POSTER
@Steve ******
 TW does NOT transfer money out of Thailand to an overseas bank. If you have done it pls tell us how
4 years ago
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Steve *******
@Dimitris ***********
 you can't use your thai bank card to add money to your Transferwise account and then transfer it anywhere?

Or do a SWIFT transfer to TW and then move the money?

Why?
4 years ago
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Steve *******
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Steve *************
OrbitRemit is good.
4 years ago
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Geert ********
I aleays use Kasikorn, never any problems, online, and extremely fast.
4 years ago
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Colin ********
Kasikorn, 500 THB fixed fee, arrives same day. Very little paperwork
4 years ago
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Joe **********
Waiting for the TW replies....probably 2 dozen...
4 years ago
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Jon ********
@Joe *********
 you know the answer so why not just say it, fishing for beginners
4 years ago
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Frank ******
@Joe *********
 ??
4 years ago
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Ivan ************
@Frank *****
 !?
4 years ago
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Joe **********
@Frank *****
 what are you confused about?
4 years ago
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Joe **********
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Dimitris ************
ORIGINAL POSTER
@Joe *********
 tw don’t send money from Thailand. Only receiving
4 years ago
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Joe **********
@Dimitris ***********
 exactly hence my comment
4 years ago
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Joe **********
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Dharmma **********
Some banks are issuing special rates for this kind of service. Consult with your branch.
4 years ago
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AliJames *****
****************
4 years ago
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Ivan ************
I haven't used it as I haven't needed to but my understanding is that DeeMoney works similarly to TransferWise in that the destination country transfer is domestic/fee paid. So there shouldn't be any extra charges, what you see is what you get.

Last time I looked at it, they were definitely cheaper than a Thai bank for smaller amounts. Certain Thai banks might become competitive for larger amounts (several thousand dollar+) for certain currencies. Bangkok Bank definitely has a better rate for USD for example, but not THAT much better and it is a fixed fee of around 1,150 all in versus 150 for DeeMoney. So you need to be sending quite a bit before the better FX rate overcomes the fee difference.
4 years ago
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Kenken ********
does the receiving bank has bank charges?
4 years ago
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Wan *****
Yes see money good exchange rate and 150 baht flat rate fee
4 years ago
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AliJames *****
This is your best option to send to any overseas bank. Beats the rates the Thai banks offer. Thank me later.
4 years ago
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AliJames *****
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Chadaporn **************
SCB bank
4 years ago
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David ********
@Chadaporn *************
Avoid SCB like the plague their exchange rate is punitive.
4 years ago
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Dobey *************
@Chadaporn *************
 I tried SCB but was told I can’t because I’m not a Thai citizen.
4 years ago
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Chadaporn **************
@Shannon ****
 Oh sorry to hear that.
4 years ago
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Chadaporn **************
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John **********
I use Transferwise good rates and charges to send money to Thailand dont know about Thailand to the UK
4 years ago
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JJ **********
@John *********
 you can get a bank of Bangkok account because they have a branch in New York City and you can access your money with no International transfer fee like that
4 years ago
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John **********
@JJ *********
 Thanks im in the UK
4 years ago
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John **********
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Bobby ********
John Marshall. Cannot use TW to transfer OUT of Thailand
4 years ago
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Felix ****
@Bobby *******
 You mean via bank? I thought it is possible in general though to transfer via western union from Thailand to literally any location via cash.
4 years ago
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Bobby ********
Felix Tw. I'm just talking about Transferwise. Many people use it to transfer money into Thailand because they have good Forex rate plus low rates. But cannot use TW to transfer out.
4 years ago
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Bobby ********
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Dharmma **********
Western union
4 years ago
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Ross ************
And Transferwise transfers from Australia to Thailand are literally completed in seconds when using Poli mode. You see the exchange rate, the low fees and I can ring my wife and tell her so many thb has just gone into your account, irrespective of business hours.
4 years ago
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Ross ************
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Steven ***************
It's easy with Kasikorn Bank.

Once it's set up you can send money overseas on a phone app linked to your account. Limit , fees and exchange rates vary depending on amount.
4 years ago
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Borja *********
@Steven **************
 , ok so any thai goverment ot Kbank requirements , or may be depending on amount?? , my interest is in like transfering abroad thailand like 50-75k euros...
4 years ago
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Steven ***************
@Borja ********
 .any amount over 10k USD is restricted and must be done in person at a bank , with paperwork and reason for transfer. Many countries are like this. Its anti money laundering regulations. Thailand is well known for its history regarding money laundering so they are strict about it. Getting money into thailand isn't hard. Getting it back out again in large amounts is a whole different story..
4 years ago
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Borja *********
@Steven **************
 ok , my reason is if i sell an apartament that bfor i made transfer from abroad to buy it , so came back the money to my country , hope that even more complicate but afordable to do this ...for that i have the kasikorn bank document that the transfer received from abroad was to buy the apartment in bangkok...
4 years ago
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Steven ***************
It's not an issue.. you just state on the banks transfer paperwork that the money was from a real estate sale.
4 years ago
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Steven ***************
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Gary ********
*************************
4 years ago
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Jon *******
Do they transfer out now? It was blocked for a very long time due to Thai govt regulations.
4 years ago
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Mark ********
@Jon ******
 i don't think so only in
4 years ago
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Mark ********
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Khun ******
@Gary *******
 TW doesn't allow send money "from" Thailand...
4 years ago
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Sergejs *********
@De *****************
 you can fund transfer with a Thai debit/credit card
4 years ago
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Gary ********
@De *****************
 ok sorry
4 years ago
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Gary ********
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