I have a couple questions about banking and the 800k deposit thing.

I read on the net that it is best to do the transfer from my USA bank in Thai baht, not dollars. Problem is, my bank does not offer the Thai baht as an option from its list of available currencies.

I contacted them and they said they only send dollars to Thailand.

Anybody have any idea about how much actual money I would lose by sending dollars to my Bangkok Bank instead of baht?

I had checked on sending it using Wise, but the fees for that amount is nuts.

Any info or advice is appreciated!

Thx!

Update:

Hands down I’m finding Wise is the best option for exchange rates.

Forget the fees. It’s the exchange rate that will get you!

Thanks, everyone! Your input is appreciated. ❤️👍🏼

Original Post:

The cost of transferring the money for the 800,000 baht into a Bangkok bank account from my US account is quite high.

The US side comes with costs, and the Thailand side does too.

Can somebody share the best way you found to lessen these costs?

Also, time is a factor for visa purposes.

Thanks in advance for sharing your knowledge. Enjoy your day!

OK, I already opened up a can of worms asking about my non-resident bank account at Krungsri. You know, the one that does not have any online banking, online purchasing, just ATM withdrawals. No matter what anyone said, that is the situation with that account type. We can now get a resident account as we do have a long term visa. It seems to have a lot more benefits. But before we do that, I thought I would subject myself to more runaround with this question: besides the Wise apps ability to show a deposit from overseas to Bangkok bank as a foreign deposit, is there any advantage of Bangkok bank over Krungsri? I know most people want to think their bank is the best, I get it. Please advise. Thanks. 😬

Edit: this is particularly in regards to use outside of Thailand.