Answered3 months ago
Which Thai bank is best for transferring money for visa purposes?
I will soon need to transfer 800k to a thai bank account.
Any advise for which Thai bank is best? Method of transfer? Wise I have been told is good
Any advise for which Thai bank is best? Method of transfer? Wise I have been told is good
Answer summary
The discussion revolves around the best Thai banks for transferring money, particularly for visa purposes. Many users recommend Kasikorn Bank and Krungsri Bank, while consistently advising against Bangkok Bank due to complaints about their service. Wise is praised as a reliable method for money transfers, especially when transferring large sums. Users suggest ensuring that the branch chosen is convenient to the user's residence and emphasize the importance of marking transfers as 'Foreign Bank Transfers' for visa compliance.
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Robert ************
I use wise every month to transfer small amounts of like 500.00 a month there in seconds good rate transparent. But for a large transfer we’re going to do soon I will transfer the 4 million baht swift my Schwab too kasikorn. And I’m sure same for 800,000 baht we will transfer swift
Peter ***********
Kasikorn
Jacqueline **********
You need to obtain a Residency Certificate from Immigration prior to opening an account. Then use wise and when you transfer to your Thai bank, make sure you select reason for transfer as Long Stay.
Robin ******
Wise
Joaquin ***********
Forget Bangkok Bank, their terms are a bit abusive, and their app also has security measures that can conflict with the phone's settings and other installed apps.
Glenn ******
Before you do it, price out exactly how much you need to pay in your home country currency to wind up with 800K THB in your Thai bank account. You may be surprised that the company that advertises the higher rate may not be the best deal. I can Swift transfer 800K baht from the US for a fixed cost of exactly 500 TBH (~15 USD).
Kim ******
We use Wise
Micheal **********
Wise: But get it set up with a home country address, BEFORE you get here to Thailand...
Paul *******
so
Tim **********
Why do so few use wire transfers? Cheaper for me through Chase
Chris ********
Well I have a bank of Bangkok free transfer from com bank in Australia banking hours only over two fifty hopefully my stamp in my passport makes them happy again ect
Alan *******
Chris Dawson My st george also free but the lower exchange rate would make me pay almost 1000 Aus dollars more on 8k compared to wise even though wise has a fee still a far better rate .
Doc ********
The popular opinion is Kbank.
That's the way I went and I used remity to transfer the money I did it over a few days so my bank didn't flag it and block my account.
That's the way I went and I used remity to transfer the money I did it over a few days so my bank didn't flag it and block my account.
Paul ********
Bangkok bk. Sucks. No care bout small customer...thagov assures thei profit..forcrd profut
Jenn *********************
Wise is best for transfer - any but Bangkok bank
Ric *******
Kasikorn I have used for my Visa renewal 800k since 2018, yet I opened the account in 2015
Patrick ***********
Any particular reason ?
Is it for visa ?
Is it for visa ?
Rick ********
OPPatrick Deloddere yes
Patrick ***********
Rick Turner ok then you need to talk to your bank. They will deliver you a document stating the money is there minimum 2 months before.
For the xfer itself, nothing particular. As long as the account statement shows a minimum of 800k.
I do this for this year and next year i switch to monthly xfers. My money sitting at the bank don’t bring me any interest.
There are several banks here but the mainly used by expats are BBL, K+ and SCB.
For the xfer itself, nothing particular. As long as the account statement shows a minimum of 800k.
I do this for this year and next year i switch to monthly xfers. My money sitting at the bank don’t bring me any interest.
There are several banks here but the mainly used by expats are BBL, K+ and SCB.
Jimmy ******
No problem with kasikornbank, very helpful when getting started
John ********
Don't put all your eggs in one basket
Laurie ********
Kasikorn
Laurie ********
Do 60 days get a retal certificate go to krung bank
Ken ******
is WISE acceptable for Thai immigration?
Oliver *******
Kasikorn
Robert *********
Kasikorn is very limited l,50k a day limit, you have to get permission to use your own money 👎
Albert **********
Robert Alireza Go to your bankoffice and ask them to raise to 500.000 THB. Use your pink ID card or Yellow Book. They changed my limit easily.
Dave ******
Kasikorn are good with all things farang.
Darren ***********
Why is everyone bagging Bangkok Bank
Andrew *********
Kasikorn for me.
David *******************
Do not use Bangkok bank,all others are ok I use Kasikorn they are both efficient and helpful.
Robert **************
Just make sure the branch you go to open your account is close to your home/condo or hotel
GentleG********
Robert Scott Ruppe why?
Robert **************
GentleGoose6420 typically any changes or updates must be made at the branch where you opened the account.
Wez ***********
Kasikorn, Krungsri are great I use both.
Graeme *******
Any Thai bank is ok, using Wise seems to do the job using bank transfer to pay Wise then money takes a couple of hours depending on who Wise uses for their transfer of your money. If you money urgent then use CC or bank card and money 8s in Thai bank acc in seconds but Wise charge more.
Gamie *********
Never do it
Edward ********
For that amount SWIFT transfer will probably be cheaper than Wise. If you have a Bangkok Bank account, they're fine.
Rick ************
To make sure the transfer was marked as a Foreign Bank Transfer, I used SWIFT.
Steve *********
Any but Bangkok Bank
Bill *********
Whichever bank you choose use the SWIFT transfer method. It's reliable and has been around for years.
Ian **********
Avoid Bangkok Bank. I always find Wise is the best for transfers
김**
Crypto
Steven *********
Kasikorn
Alon *******
I have 2 bank account one strictly for visa and another for monthly spending Kasikorn and Krungsri work great. I use Wise to transfer money to both banks.
Lyndon ************
One that has a branch near where you intend to live. Not Bangkok Bank
Neil ***********
Kasikorn are very good
John *********
Kasikorn the best to work with. Def not Bangkok Bank
Wim ********
Recommend Krungsri or Kasikorn, Bangkok Bank not so good anymore,i hear lots of complaints about them now.
Jay *******
Any bank other than Bangkok bank. Wise, bank to bank transfer, whichever fits your situation
Denny *******
Which Thai bank do you have ?
If none I’d advise not going to Bangkok bank
I’ve found Kasikorn good
If none I’d advise not going to Bangkok bank
I’ve found Kasikorn good
Tomas *********
B2b, Kasikorn
Alexey **********
WISE
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