thai bank fees

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This page displays all the results for the Thai bank fees tag, sorted by the most recent activity. There are a total of 2 questions that have been tagged with Thai bank fees. Explore the questions to find discussions and information relevant to this topic.
Nov 27, 2022
2 years ago
Craig *******
ORIGINAL POSTER
Hi, question regarding Thai banks. When I send a Wise transfer to a Thai bank account, does the recipient's bank charge them a fee?

Also, if I open a Thai bank account, what sort of fees are charged? Is there such a thing as a no fee account?

TIA
Aug 25, 2021
3 years ago
Bonnie *******
ORIGINAL POSTER
Thanks for the advise on my last question. We've got another. I've seen lots on here with people recommending Wise for the transfer of money into a Thai bank account. I've also looked at just doing a wire from my bank account. I may be missing something but it seems cheaper doing it that way. Here's my calculations:

Wise - first I assume wise takes the money from my bank by ACH so there is no cost there. Moving $25000 usd Wise will cost about $150. My Thai bank will charge 250 baht to accept the wire.

Wire from my bank - it costs $15 for the wire, my Thai bank converts it at the bank standard rate which is fairly consistent. Today's rate for such a transfer was only about 1000 baht difference, about $30. So the cost is about $45, and the Thai bank will again charge the 250 baht wire fee.

Please tell me if I am missing something. Thanks.
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