Hi all I want to send money from my UK bank to my bank in Thailand just wondering if anyone could advice.is it best to send in baht or pounds sterling my bank charges a fee plus I get a lower exchange rate when its sent to thai bank appreciate any help thanks in advance
TLDR : Answer Summary
The post discusses the best options for sending money from the UK to Thailand, specifically whether to send money in Baht or Pounds Sterling. Community members overwhelmingly recommend using Wise due to its low fees and favorable exchange rates. Several users share experiences with Wise and HSBC, noting the ability to send larger amounts without high fees through certain Thai banks. Additionally, they mention keeping an eye on exchange rates and suggest that sending in Pounds and converting to Baht in Thailand usually yields a better rate. Other methods like XE and Instarem are also mentioned as alternatives.