Answereda year ago
What is the cheapest way to transfer 800,000 Baht from the UK to Thailand using a non O visa?
I will be arriving in Thailand October this year on a non O visa. My question is, what is the cheapest way to transfer 800k Baht from my English bank to a Thai bank. I have a Revolut card, but have never used it. Some people say use Wise, others Swift transfer. Your thoughts please gentleman?
Answer summary
The discussion centers on the best and cheapest methods to transfer 800,000 Baht from the UK to a Thai bank account as part of the requirements for a Non-O visa. Several options are debated, including using Wise, SWIFT transfers, and cash. Most commenters advocate for Wise due to its favorable rates and lower fees for international transfers. There are also considerations about needing to show proof of an international transfer for visa verification. Some users suggest that cash may be the cheapest option, but highlight potential issues with declaring large amounts at customs. Overall, Wise is recommended for its competitive rates, followed closely by SWIFT transfers.
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Maitin *******
Wise or Swift depending on your bank
Frankie *******
Wire transfer
Paul *******************
Wire transfer is the best all these other transfer services and cards have ridiculous fees
Rui *********************
Use wise
John ********
Good question but the answers on here usually only mention people's personal method . So I ask the question again . What is the cheapest method ? Comparisons would be interesting 🤔 😄
Leonard *********
Waiting for the next fukeir to ask the same question Or how much money will I need to stay in Thailand for two weeks with seven kids and a demented grandmother FFS
Pierre *********
Wise
Trevor *******
If you think the GBP will strengthen against the THB, open an FCD account.
If you bank with HSBC, they send the money free...
If you bank with HSBC, they send the money free...
Paul ***********
For clarity, the visa requirement is to deposit 800k or 400k baht into a Thai bank, with proof of an international transaction. It may be worth paying a bit more for a transfer method that meets these requirements, to ensure a hassle-free visa application.
Andreas *********
There is an app and a homepage...Monito.All of these providers are listed here ( with a daily rate and costs).At the moment I'm also working with Wise, but also with Remitly and Revolut. For smaller amounts, Remitly is currently very cheap, but the comparison is about a few Bath difference.A very individual decision.
Nongnuch ********
The advantage of the better exchange rate WISE is offering, is being eaten up compared to a direct SWIFT transfer from bank to bank, when we talk about sums of 25,000 GBP and more. A SWIFT transfer costs a flat fee, however not so good an exchange rate. A WISE transfer might use a better exchange rate, but the higher the sum transferred, the higher the fees. At a certain point the direct SWIFT transfer gives you a better result as the WISE transfer
Graham ******
Can you deposit an international money order or bank cheque in USD?
Max *************
@Graham *****
Why make it so difficult? You need the 800k transferred to a Thai bank account and it must show up as international/foreign.
Tracey ********
TorFX has no fees to transfer
Max *************
@Tracey *******
But a lower exchange rate compared to Wise.
Eric ********
Bank to bank via debit card
Steve *********
Wise. But check rates.If you use bank check rates. As can low
Tobben ********
Easy,just put in the amount in the companies transfer calculator and compare ! The Bank rates go up and down all the time and you can be sure they give you the lowest rate possible. Wise guarantee the rate you see for 24 hours ! I always use Wise !
Jason ******
Been told I can bring 9k pounds, via aeroplane, so if I do that twice that's the 800k bht required, so is this possible and will they accept pounds in cash at thai bank.
Wayne ********
@Jason *****
you still have to prove that it was an international transfer and that the money came from outside of Thailand how would you do that if you carry the money in? 
John *********
@Wayne *******
If he is arriving in July he won't be a taxed person. Why would the initial deposit need to be marked as an international transfer? It is my understanding that the deposit just needs to be there for a few months, and it is only when trying to prove the 65k baht monthly income that it needs to be an international transfer.Jason ******
@John ********
you would think long as the money in the Thai bank , it dont matter where it came from . My granny could have given me cash from under her bed :-)Jim ********
@Wayne *******
bank statements. Withdraw receipts.
Gerg **********
For me, it’s SWIFT code wire transfer for large amounts, and Wise or Remitly for smaller amounts.
Max *************
@Gerg *********
You have obviously misunderstood exchange rates and fees.
Abey *********
Reading previous posts I thought it had to show clearly the money was International transfer, how does cash work?
Max *************
@Abey ********
It doesn't. Period.
Andrew ********
Personal choice and fees it cost as far as bank transfers wise is a goto but ask your bank how much the fee is to wire from there to your thai bank
Abey *********
Following.
Jim ********
Bring it in cash
Max *************
@Jim *******
Do you even live in Thailand? The 800k must be a transfer from abroad showing up as international/foreign in a bank statement and bank book.This in non-negotiable at immigration.Jim ********
@Max ************
are you normally this rude? the 800,000 THB deposit can be made in cash, but it must be deposited into a Thai bank account in your name. No source explicitly state that the deposit must arrive via international bank transfer. They focus on the account balance and bank letter verifying the deposit—not on the method of deposit. Yes for the monthly 65K deposit it must be an international transfer.
Peter ******
@Jim *******
you cantJim ********
@Peter *****
If you carry foreign currency exceeding USD 20,000 (or equivalent), you must declare it at customs upon arrival.*****************************************************
Pete *******
The cheapest way is cash.
Donald **********
@Pete ******
Carry-on or checked in?
Per-Arne ***********
@Pete ******
well that depends much on what currency you bring to change locally to THBAndrew ********
@Pete ******
then you will have to declare it at customs and be ready to prove where it came from and its stupid to travel with that kind of money on youPete *******
@Andrew *******
not at all stupid. It is the cheapest way.
May ******
@Wayne *******
I brought cash, declared in to Oz customs, BKK Bank wanted paperwork which customs didn't give me. Apparently you can get paperwork from Australia though maybe online I'm not sure I can't rememberAlso BKK would not accept a wise transfer as international
Wayne ********
@Pete ******
agree it’s the cheapest way, but how do you prove that the money you’re about to deposit came from a source outside of Thailand?Max *************
Wise would be my answer,but if you want the transfer to show up as international without a doubt,then a swift bank to bank transfer is the best choice. For future transfers, go for Wise.
Mick *****
OP@Max ************
hi Max. Can I not state on reason for transfer as being for "Day to day expenses in Thailand" and would that not prove it is an international transfer?Max *************
@Mick ****
No,"Funds for long term stay in Thailand" and "Property Purchase" are the only two reasons that will make transfers to show up as international. But I said show up as international "without a doubt". That's why I said use swift bank to bank transfer for the 800k.
Henry *********
I just transfer using my online banking. Straight from my UK bank to my Thai bank.
Erhardt *********
@Henry ********
You didn’t get the best rate.
Michael ********
Swift for me from my Nationwide account
Peter *********
Wise
Mick *****
OPThanks. You confirmed what I thought 👍
Lee ****
Wise,you need not look elsewhere.
Bob **********
You’ll get the best rate with wise
Radost **************************
@Bob *********
no, revolute gives you minimum the same rate
Stephen *********
I always use wise myself
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