Hi Banking question for you knowledgeable folks
I have an account with Krungsri Bank which unfortunately limits transfers via Wise to 50k baht per transaction I’m in the US now so considering transferring a larger amount via IBAN (bank to bank) Am I still restricted on the amount and will I benefit in regards to fees? Thanks
TLDR : Answer Summary
The user inquires about the transfer limits when using Wise with Krungsri Bank and whether a bank-to-bank transfer via IBAN would be more advantageous. Responses indicate that the 50k baht limit is likely due to bank restrictions rather than Wise, and using SWIFT transfers often allows higher limits without many issues. Users have transferred larger amounts successfully with Krungsri, suggesting potential for increasing limits by contacting the bank. Regarding fees, it's noted that using SWIFT generally incurs lower costs. Some users also mention alternatives like opening an account with Bangkok Bank for better transfer terms.