Answered3 years ago
What is the fastest method to transfer large amounts of money from the EU or US to Thailand?
When transferring money in large amounts from the EU or US to Southeast Asia, which method do you choose as the fastest ?
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.
33 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
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
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 reasonStefan ************
@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
คุณไรอัน ******
OP@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
This is my experience, having used them all
Phil ******
@Andrew ******
me tooAndrew *******
@Ryan ***
Actually, my first Wise transfer from UK to Thailand was instant...so I guess it dependsBrian *********
I’ve only used swift codes bank to bank, 3 - 5 days.
คุณไรอัน ******
OP@Brian ********
Thank you for the information 🙏Todd *********
@Brian ********
it’s the most expensive way by a long shot… and slow. But it eventually gets thereBrian *********
@Todd ********
expensive? I think the receiving Thai bank charges 150B fee, origin bank zero. Doesn’t seem expensive to me? 🤷♂️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 $.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 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 costSteve *********
Wise. Best rates and it’s almost instant
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 daySteve *********
@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.
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 ******
OPThank you for the information 🙏
Activity
16 joined16
people
Related
25What are the best methods for transferring money from Australia to Thailand without bank issues?
7.2k55946mo
What is the cheapest way to transfer money from Thailand to the UK?
3.7k27389mo
Has anyone had experience using Instarem for transferring funds to Thailand?
694421y
What are the best methods for efficiently transferring money from Canada to Thailand?
2.9k18321y
Are there current issues with transferring money to Kasikorn Bank using Wise?
5.9k24221y
Can I use the Wise app to transfer money to Thailand?
5k32151y
What is the best way to transfer THB 800,000 to a Thai bank account for a retirement visa?
8.3k65951y
What is the best way to transfer money internationally to Thailand using Wise or Western Union?
1.7k1352y
What are the best options for transferring large sums of money from the UK to Thailand while minimizing fees?
17.1k1631202y
What are the cheapest ways to transfer money from an Indian bank account to a Thai bank account?
6.4k54452y
What are the options for sending money from Thailand to Singapore?
4.9k37392y
What is the cheapest way to transfer funds to a Thai bank account?
17.8k1511762y
What are the best methods to transfer money from Australia to a bank account in Thailand?
3.3k22262y
What are the best methods to transfer money to Thailand while avoiding high fees?
9.5k741052y
Have transfer fees from USA to Thailand increased significantly?
7.1k61633y
Is Wise a better option than Revolut for transferring money to Thailand?
7.3k52663y
What are the transfer fees and best methods for sending money to Thailand from the UK?
14.3k1101474y
What are the best options for transferring large sums of money in USD to a Kasikorn bank account in Thailand?
4.6k36304y
What are the best and cheapest options to transfer money from the UK to Thailand?
15.6k156964y
What services can I use to transfer money from Thailand to New Zealand?
1.2k934y
Why was my Wise account cancelled after transferring money to Thailand?
3.2k26135y
What is the cheapest way to send 37,000 baht to a USA bank account?
5.6k48495y
What are some alternative methods to send money if Western Union is blocked?
4.3k39275y
What are the common issues faced by users of Wise (TransferWise) when transferring money to Thailand?
2.9k22105y
What has been the experience of using Rewire for sending money to Thailand?
2.6k23115y
Resources
Need help with your Thai visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served