Which money transfer app offers the best deal for sending money to Thailand?

Sep 22, 2022
2 years ago
Bam *****
ORIGINAL POSTER
Could anyone tell me which transfer app gets you the best deal for your buck? Moneygram looks to be the better option, though would anyone happen to know if this is a guaranteed fixed rate or Will other fees apply besides the $.50 when transferring from online bank to direct bank?

TIA!
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TLDR : Answer Summary
The discussion centers around finding the best money transfer app for sending dollars from the USA to Thailand. Users shared experiences with MoneyGram and Wise (TransferWise), with some finding MoneyGram to give a better exchange rate for baht. Fees were a concern, as MoneyGram also charges an extra fee aside from the initial cost. It was mentioned that using Wise is fast and tends to provide more favorable rates, despite recent fee increases. Some comments addressed regulatory limits on transfers, clarifying that while some banks may have a limit of 50,000 THB per transaction, others like Bangkok Bank do not.
Ivan ************
It says it right there, that the rate is only an estimate and they are going to add more to it. Most of these services do this. Conversely, the rate Wise shows is the rate you get.
Johnny ******
Revolut is good, and I can buy bitcoin with it.
Ivan ************
@Joh***
Revolut is particularly bad for THB. It's much better for most other currencies, there are just a handful of currencies it's bad for, and THB is one of them. They add an extra 1-2% to the conversion.
Steve *******
I use Wise. The rate is almost always the best available and transfers take seconds on week days.

Never tried MoneyGram.
Dieter *********
Money gram fastest. Cc to cc within an hour
Bam *****
ORIGINAL POSTER
@Dieter ********
wise within 5 seconds. But wondering what app gives more in the end. Ive never tried money gram , but have always used wise bi monthly. Fees for wise increased so I’m looking elsewhere.
Otto *********
The 50.000 Baht limit does NOT apply to Bangkok Bank and K Bank accounts!
Wilmont ******
I read somewhere that Thailand would only accept transfers of 50K Thai baht per transfer.
Anthony *********
@Wilmont *****
yeah I'm with KTB so 50k limit with them , I send myself about 100,000thb every 4weeks but I just do it in 2 or 3 consecutive transfers one after the other so takes a minute or two longer
Garrett ***********
@Wilmont *****
Lol you read wrong
Wilmont ******
@Garrett **********
What did I read wrong. Every bank has or just some banks.
อ้วน *********
@Wilmont *****
the big 4-5 major thai banks will accept transfers of more than 50k. Have done it many times with 3 different banks.
Wilmont ******
Wilmont ******
@อ้วน ********
What banks, I have Kung Thai Bank
อ้วน *********
@Wilmont *****
I've transferred excess of 50k to Bangkok, Kasikorn and Siam banks, this year, after the new regulation went into effect.
Bam *****
ORIGINAL POSTER
@Wilmont *****
that is true, although it depends on the bank.
Wilmont ******
@Bam ****
So I’m guessing it’s only Government controlled banks.
John ********
If you are in la there is a thai store. Where you can send cheap and fast
John ********
Are you sending from USA to thailand
Wilmont ******
@John *******
Yes, from my Navy Federal Credit Union to my Thai Bank here in Thailand
John ********
@Wilmont *****
moneygram needs cash in USA. It is shit online
Bam *****
ORIGINAL POSTER
@John *******
hi, yes USA. I am sending from Hawai’i.
John ********
@Bam ****
use moneygram
Gary ******
Wise!!!
Danny ******
money gram is the one i used to send my wife money. i've looked at others such as wise too but at the end of the day money gram was better because she received more baht for the same amount of dollars i sent
Garrett ***********
Always good to shop around. I've never used moneygram before but I've found after $1k usd transferwise gets more expensive than other options.
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