Why does transferring larger amounts of money to Kasikorn Bank via Wise take longer than smaller amounts?

I think it depends on your US bank. Schwab $1000 was instant, but $2000 takes days. From Principal, $1000 is taking 4 days. Once in Wise, converting and sending thb to Kasikorn takes seconds.

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Problems are mostly at the Thai end and mostly because of weekends. But recently we have had a lot of public holidays and those built around the idea ox extending weekends. I always try to transact on Mondays or Tuesdays. Even normally quite often Friday transactions create problems at the Thai end.

Money gram.com is way easier and only 1.99 to send

No problems transferring money from Australia 🇦🇺 at present

Transfer Galaxy, try that.

What funding method are you using?

I gave Wise access to my checking account so they can see I have the money when I do a transfer. That tends to make it almost instant.

If you use a funding method where they cannot verify the funds instantly, they may need to wait until they actually receive the funds to do the transfer.

I use Remitly and transfer are instantly completed up to 5,000 USD

Use debit card it takes 30 minutes

yesterday I transferred 50,000 baht and I received it in seconds. if I wanted to transfer 60,000, it would take 5 to 7 days also was more expensive significantly so. yeah I went with the 50,000.

only had trouble once with wise on a transfer. otherwise they have been true to their word.

Last week, 4 K ....15 minutes was deposited into my account. It happened on Tuesday.

I see someone else has already touched on this. In my early days with Wise, I would start the transaction, save it, then get the money transferred from my bank to Wise. It could take forever by this method. Once I went to making sure the money was already with Wise, then doing the transaction it's only ever been a few minutes, sometimes seconds. Hope that makes sense.

Wise post the transfer time. I had a similar thing happen for an entire day wise stated 5 days to transfer, so I tried the following day and the transfer went in minute. This happened to me twice.

The problem is the Thai banks had the Same last weeend

So Wise also trades money on the forex markets. Which are a Monday thru Friday thing. They buy various currencies to store inside their accounts. They keep a nominal amount of cash for business day purposes. If they have plenty of money in said cash account then the transfer is almost instant.

If you initiate the transfer on the weekend when forex trading is closed. Then they want to protect cash level in their account because they currently cannot buy anymore until forex trading opens.

I personally now only do transfers Tuesday through Friday Thai time. And take into consideration if there is a holiday keeping the markets closed. Since adopting this method every transfer has been instant.

I would get on the site and ask for a team member ,my gf is a thai we have a house and when it was being built i needed to send amounts over 0 baht in stages to Kasikorn ,,no problem, the longest i have ever waited is 24 hours. but that is rare ,usually in seconds

I use XE and have no issues. Done in minutes. Once used Wise and unreliable no longer deal with them

Wise used to very very quick minutes sending from UK to Bangkok Bank, most times I not try it will say next day and not large amounts. I use Remitly now who are almost instant.

Transfer from your home bank to your wise account then from your wise account to your Thai account

It always used to go in seconds but with the bank scams in thailand it started getting checked more snd took more time but normally next day still

I ve had a few instances this month & last where it’s taken days from Wise to Bangkok Bank. £500-600 transfers. 🤷‍♂️

I send from the US to Kasikorn weekly using wise. Anything $1000 or less deposits in seconds.

Is your bank Bangkok? If I send to Bangkok it take days.

Send same amount to Krungsri and it takes seconds.

I looked at the rates for large amounts with Wise and a direct wire to K-bank, it was pretty much a wash with what wise takes and the exchange rate with a 25 usd charge. I use Wise for smaller amounts and it works fine, in seconds. The wire for large amounts took 2 days, but I have a recourse with the bank by talking directly with someone, I have heard that Wise is not easy to talk directly to.

What is the problem?

Reason must be your bank. Kasikorn is Wise’s correspondent bank and my transfers (also larger amounts) go in seconds.

Use Remitly. I Stopped using Wise.

Depends! It varies now. Not as good as it was.

Depends on the Thai bank account you have service with. Siam Commercial Bank was quick, a $1,000. 00 I sent on Dec. 30th took only a couple seconds to complete the transaction and it was already approved and ready for use immediately before I even noticed that.

I send £10k at a time with wise to Kasikorn it sends instantly. Sometimes the notification comes up that it’s sent before I even put the phone down. My wise was setup in the UK. Don’t know if that makes a difference or not?

I’ve had it take 2 days before now but never 5.

I found it was my U.S. bank limiting what I can transfer daily.

Sometimes new accounts have different rules and settings the first 30-60 days for consumer protection. I never have problem with large amounts..

It may have to do with money laundering checks.

It depends on a few factors, but especially the way you're funding the transaction, such as debit card, direct debit, credit card, manual transaction. Another thing is to send it directly into your wise currency account and then convert in Wise and forward it onto your Thai bank. If you're experiencing a delay then play with the amounts and find out what the maximum you can send for an immediate transfer is. Are there factors are weekends, holidays, and if you use Bangkok Bank on the receiving end.

Transferred £1000in seconds

The cutoff for mine seems to be about 100,000 baht. And oddly sometimes it’ll say a few days. And if I cancel and do it again same everything it’ll say instant

It could be your putting the reason for transfer as different things. If you put down the reason as being for property purchase. It goes in as an international transfer & takes longer 😉

Send your money in the week day always takes longer at weekends

It depends on a lot of things. How often you transfer, if your account is new or older, then it depends on banks as well. Ive transferred a few hundred thousand baht and it take seconds, sometimes it takes a few days.

I transfer in excess of your amount in GBP every month for many years now.

I can think of only one occasion it wasn't instant and took more than one day....

With WISE or wize

Top up Wise first, don’t do direct transaction

Also. I feel like wise gives you a score for your account. Ive sent 10,000 usd before in seconds. One time I selected the wrong account to transfer from. And it came back insufficient funds. After that for like a year I couldn't send over 1000 usd instantly anymore. I can now. Theres also a section for high value transfers too.

Its because your past payment hasnt fully cleared.

I think it’s depend on the amount and also when is the transfer done. If the amount is small and during office hour (Thailand time), it’s within minutes. Doing it after office hour or weekends will usually means one or two working days or more if coincide with holiday

It's the bank! If you transfer to wise first then move to Thailand when you need it it takes seconds. Depending on your Thai Bank you could send a large amount that way. In the USA wise pays interest on your account.

I have learnt that you never send larger amounts over a weekend even from Wise. It will be your local bank setting restrictions. Just check all your limits for daily transactions

The problem is probably with your bank or your understanding of how it works. I am canadian, my bank will allow an instant transfer of up to 3000$ can(roughly 75 000 thb), if more than that, I nedd to pay à bill ( like electricity) and it takes about 3 days. An instant transfer(interact) will cost more

Follwing

I can transfer up to $10,000 from wise to bank of Bangkok

I transfer £1000 monthly. Seconds. Even on weekends.

The problem will probably be your bank end. Maybe flagged for checking. Depends how strict your bank is.

I use Remitly and it’s always immediate

I’m with Kasikorn and it takes seconds I’ve sent up to £ at a time

Weekends do take a few days, during week it’s almost instant. ( in my experience)

Is there a maximum amount you can transfer through Wise to Kasikorn bank account? Buying land.

Never had a problem with wise

I sent £20k and it arrived instantly

Something doesn’t seem right. For the last year and a half I’ve made (2) ฿35,000 transfers back to back straight from my bank in the US to my Krungthai account. Every transfer has been instant except maybe two months where it took about one to two hours. Check with your bank.

I've sent 5,000aud and it was in seconds

Why you do transfer 200 usd

,A check with a card would be better than the atm you want.

Sounds like your bank is at fault here. Wise is capable of handling very large transactions. You need to speak to your bank.

I usually add the funds to wise then after they are there move them into the other account. Moving it all at once seemed to go slower.