Hi, I am just opening my Thai bank account and wondered if anyone had advice on cheapest way of transferring large sums into the account. I can use Swift from my uk bank and have Wise and Revolut but open to any suggestions to minimise charges. Many thanks for any reply

Why is western Union cheaper than wise all of a sudden ? Transfer 20000. Bht wise £472 and western Union £457 (no transfer fee) I’m guessing it’s a one off no transfer fee ?

Does anyone prefer Revolut over WISE?

So, would you agree that WISE is the wiser choice to transfer money to the Thai bank account? I compared the final outcome (including exchange rate and fees) and it seems to be the best option.

Just used Wise for transfer from Australia to Thailand. Works as well as crypto, low fees and immediate.

What would be the cheapest way to take UK pounds to Thailand , Wise or exchange in the yellow currency booths in Pattaya. Thanks in advance

The best & cheapest way to wire large amounts of cash to Thailand for Americans and to get the best exchange rate using a credit card.

If you are a veteran or a family member of one, you can qualify for NFCU membership. They are one of, if not the largest, credit unions in the world.

Wiring from an NFCU account to a Thai account, any amount of money, is a straight $25 wire fee. Depending on the bank, it will show up within 1-4 days. Always send US dollars as you will get a better exchange rate by the receiving bank in Thailand.

The best way to avoid any worries about Thai taxes, AND get the best exchange rate for dollar to baht, while racking up credit card reward points, is to use the NFCU flag ship VISA rewards card and not have the transaction on the radar. NFCU Visa gives you whatever the international exchange rate is at the time of your purchase, and you can use the credit card in most businesses that accept credit card.

I used to be a big fan of NFCU; however, their services have deteriorated since they opened up membership to branches. Regardless, if you are eligible, it can save you a lot of money. Drop a note if I can answer any questions.

Hi All, I'm prepping for my retirement to Thailand, I will be transferring £20k to my Bangkok Bank a/c but have NEVER transferred such a large sum internationally before, is SWIFT the best option?

Unless I read it wrong, looks like a massive increase in transfer fees from USA - Thailand.

Update: it took me less than 60 seconds to open an account, set up a transaction between US and Thai accounts, and receive the funds using remitly. The first time used, the transaction fee of $1.99 was waived with an exchange rate that was 0.12 baht per dollar less than what wise showed at the exact same time, which means 120 baht less per $1,000 usd sent. Comes out to be a bit cheaper than wise in fees/conversion, even if you calculated in the 1.99. Thank you everyone who suggested Remitly.

Anyone have a good alternative to Wise for transferring funds between personal accounts in America and Thailand? I used wise for 6 years for the same thing and all of a sudden they are asking for crazy amounts of information, cancelling transactions because after I provide what they ask, they say they need additional information, it’s kinda gotten ridiculous. I’m open to starting a new bank account with a U.S. bank if that can make things more easy. Thanks