I need to send a large sum for a Thai friend to buy a house. I don’t want comments on this, I know 100% what I am doing.
What would be the safest way to do it?
Swift transfer to friend’s Bangkok bank is possible? Will the EU bank allow this?
Wise/revolut I am afraid they would freeze the money and start asking all sort of questions and would be a nightmare to stay in touch with them.
Should I come to Thailand, open a bank account and then transfer there and then to my friend?
If so on what visa could I do this? I leave elite visa as my last option(expensive and I don’t really need to be that much in Thai for the next 5 years)
TLDR : Answer Summary
The safest method for transferring a large sum for a house purchase in Thailand is through a SWIFT transfer to a Thai bank account. It's important to specify that the funds are for purchasing property to avoid complications later. Using your EU bank for the transfer is generally accepted, but it's advisable to consult with your bank about any limitations. Alternatives such as Wise or Revolut carry a risk of freezing funds due to compliance checks, especially for large amounts. Additionally, if you choose to visit Thailand and open an account, ensure to have the right visa that permits financial transactions.