What is the 50,000 baht transfer limit for banks in Thailand set by Wise, and how is it applied?

Daily

It's per transaction, if you want to send (eg) 500,000 baht, you can do 10 transfers, one after the other, a long-winded way, but still possible

Kasikorn Bank does not have a routing number like in the states. How do transfer money to them.

how would this effect people switching over to retirment visa in the future. You can't put the 800k in all at once?

From 7 January, you’ll only be able to send 50,000 THB or more per transfer to the following banks:

Bangkok Bank Public Company

Kasikorn Bank

Siam Commercial Bank

This means that if you’re sending money to a recipient using any of those banks listed above, everything will work as usual. But, if your recipient uses another bank, you’ll have a new transfer limit.

You can still send money to recipient accounts that use other banks, but you’ll only be allowed to send them up to 49,999 THB per transfer. There’s no limit on how many transfers you can create.

This change will affect all transfers created after 1PM Bangkok time, on 7 January 2022. Please make sure you pay for your transfer on the same day. If you have any ongoing payments, don’t worry – we’ll complete your transfer if you send us the money until then.

We're sorry that we're limiting our service for now. We're working with our partner to support larger transfers to all recipients in Thailand — we'll let you know as soon as that changes.

Learn more about transfers to THB.

Thanks,

The Wise Team

We've changed our name to Wise.

Because we’re the international account used by over 10 million people to make it easier to live, work, travel and do business around the world. Read more on our blog.

I send money to my own kasikorn bank account while I'm working in UK

Will this be affected

Yes as of today 7th at 1pm Bangkok time the change comes into effect. Bangkok Bank, Kasikorn Bank or Siam Commercial bank recipients aren’t affected. Other bank accounts are limited to less than 50k THB.