What is the fastest method to transfer large amounts of money from the EU or US to Thailand?

Nov 13, 2023
a year ago
When transferring money in large amounts from the EU or US to Southeast Asia, which method do you choose as the fastest ?
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TLDR : Answer Summary
To transfer large amounts of money from the EU or US to Thailand, many users recommend using Wise for its speed and competitive rates, with transfers often being instant. Other popular options include Western Union and traditional bank transfers, though the latter can take 3 to 5 days and may incur higher fees due to unfavorable exchange rates. It's important to compare rates and services, especially for substantial transfers, as the costs can vary significantly among methods and depending on the receiving bank.
Mike *********
Wise has a tool to check rates and charges to compare other transfer services. I check it often but use Western Union and don’t have issues with sending more than 50,000 to Krungthai
Bagsida *********
Swift no Limitation Bank to Bank
Ios *****************
Skrill

Each Thai bank transfer arrives after half an hour.

obviously you have to register and send the documents
Ios *****************
Skrill
AxMdob *******
Usdt?
Stefan ************
Wise blocked my account for no reason and all attempts to ask the reason failed. WU better.
Steve *********
@Stefan ***********
I had opposite WU block my account due no reason
Stefan ************
@Steve ********
how can WU block your account? WU is not a bank... You get your MTCN and go to a bank to get your money....
Phil ******
@Ryan ***
Wise is good although your first transfer will be slow
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@Phil *****
Thank you for the information 🙏
Andrew *******
Wise works best for me. Good rates, very low charges, and in my experience instant to Thailand. WU is ok, but rates are usually poor. Swift transfers are good but can take a few days and rates/charges are bank dependent.

This is my experience, having used them all
Phil ******
Andrew *******
@Ryan ***
Actually, my first Wise transfer from UK to Thailand was instant...so I guess it depends
Brian *********
I’ve only used swift codes bank to bank, 3 - 5 days.
คุณไรอัน ******
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@Brian ********
Thank you for the information 🙏
Todd *********
@Brian ********
it’s the most expensive way by a long shot… and slow. But it eventually gets there
Brian *********
@Todd ********
expensive? I think the receiving Thai bank charges 150B fee, origin bank zero. Doesn’t seem expensive to me? 🤷‍♂️
Todd *********
@Brian ********
it’s the exchange rate that they make their money on. That’s the expensive part. Between 2.5-4.5%. Far more than any fees would cost
Brian *********
@Todd ********
I see your point but hasn’t really been my experience. Exchange isn’t exactly for that day but most of the time pretty close. But I do see your point. 👍
Todd *********
@Brian ********
it’s an ever-changing game but with the internet at our fingertips, it’s worth taking a quick look at the options before transferring especially is moving a lot of money over them. Can save anyone a lot of $.
Steve *********
Wise. Best rates and it’s almost instant
คุณไรอัน ******
ORIGINAL POSTER
Keith ************
@Ryan ***
ymmv. Wise takes 2-3 days for me, generally. It depends on the amount, what time of day you do it, and where the transfer is coming from.
Todd *********
@Keith ***********
it does depend on country of origin. My transfers from Canada always took 24-48 hours. Now same day
Steve *********
@Keith ***********
Uk to Thailand and Uk to Ukraine. Always less than. 2 minutes.
Richard ******
I have been using WU which charges a very small fee and good exchange rate.
คุณไรอัน ******
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Brandon ************
Most people use Wise to transfer funds from their home bank to their Thai bank account. The only Thai banks that can receive transfers of over 50,000 baht are Bangkok Bank, Kasikorn, and SCB.
Ralf *******
@Brandon ***********
No transfers over 50k with these banks? Sorry, but could you elaborate?
Otto *********
@Ralf ******
The other way 'round: Only these banks are allowed to receive amounts in excess of 50.000 Baht by WISE.
Brandon ************
@Ralf ******
you cannot make a transfer using Wise over 50,000 baht unless it's to one of those banks.
Ralf *******
@Brandon ***********
Oh my fault, I see.
คุณไรอัน ******
ORIGINAL POSTER
Thank you for the information 🙏
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