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

I believe many members in this group use and advocate for Revolut?

This is a pretty good story of how security goes wrong. Certainly the victim could have done more to protect themselves but it sounds like Revolut did next to nothing to protect it's customers.

Most certainly any financial service provider should have some security with new accounts and the number of transactions/payments within a period of time.

They save you money because they reduce expenses... Security is apparently one of those expenses

After the problem with using Wise to fund your Thai visa properly, I would like to ask about the other services available.

I have, and have used in the past to fund our breaks Wise, Western Union, XE, and Revolut dependant on the exchange rate offered on the day.

We will be moving full time in January to our house in Chiang Mai, and I will be needing to open a bank account for myself, and transfer the funds required to satisfy my visa requirements, and to purchase a car.

Do the other services mentioned show monies transferred as international transfer, as using Wise on some days could cost a substantial amount in comparison to other providers on large sums ?

Hello guys, i have Bangkok bank account for a while, but never used it before. Now i went to fix my online banking, and visited two separate branches to do so. Both of them told me different prices as a comission for money sending. First branch told me 100 baht the second one told me 1150 baht. Can you tell me how much of a fees you pay sending money with revolut and is there any specific way to avoid the SWIFT transfer?!?!

Hello :) Just wondering if anyone knows whether you can use your Revolut bank statement for the income proof for the DTV visa? Thank you!!

This is regarding what is the way to get the lowest cost of transferring from an non-Thai to Thai bank account:

Last night I paid Western Union INR 840,000 which gave me TBH 312,153 (INR 785,101) — that is a difference of INR 54,899 which is a cost of 6.54%.

My question is what method of transferring money into a Thai bank account costs equal to or less than 3%? 6.54% is high, isn’t it? What is the lowest percentage anyone has paid for transferring and what method did you use?

Conversion rate was taken from Google.

Thanks in advance.

Hi, has anybody show the bank statement with Revolut or Wise?

I use a personal Revolut account and my wife as a personal Wise account, has anybody successfully used one of the 2 to submit the proof of funds?

We will apply in Czech Republic as we are currently living here.

Hi, I am retired and coming to Thailand, been a number of times over the last 12 years and I wondered if it is worth while opening a Thai Bank account. I want to come over on the 60 day VOA 2 or 3 times a year and would spend no longer then 180 days in the country in any one year. I have a Revolut account that I have a Thai Baht account in, which means I can exchange Stirling to Baht at bank inter exchange rates with no commission, I will pay an ATM fee for cash withdrawals but no fee to Revolut and would bring cash to exchange at the Super Rich bank as and when needed and use my Revolut card as well for purchases. The Revolut account also gives me 90 days Health insurance cover up to £10m per trip. I don't want to get a retirement visa at least for the next 2-3 years until I have checked every thing out, so the question is is it worth opening a bank account and what are the pro's and con's given that I only intend to visit for 60 days go back to UK for a couple of month then back for 60 and so on. TIA

Does anyone prefer Revolut over WISE?

Anyone has experience with using Revolut to transfer the THB800K to a Thai bank to use for an Non-imm O extension later?