foreign currency transfer

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This page displays all the results for the Foreign currency transfer tag, sorted by the most recent activity. There are a total of 4 questions that have been tagged with Foreign currency transfer. Explore the questions to find discussions and information relevant to this topic.
Jul 21, 2023
a year ago
London *****
ORIGINAL POSTER
Condo purchase - exchange rate for fund transfer

For condo purchase it is required to transfer foreign currency from overseas inoa Thai bank and for conversion to be done by the bank and issue a FET certificate.

Question - do all the banks offer pretty much same exchange rate for $? or does it vary significantly?

On a largish amount could make a fair bit of differene.

Grateful for any experiences/wisdom.

PS: Before saying WISE - I dont think they qaulify. Exchange has to be done in Thailand by the receiving bank!
Jul 22, 2021
3 years ago
Jennifer ******
ORIGINAL POSTER
We are an Aussie married couple that entered Thailand on an OA visa with 800k in each of our Thai bank accounts. Thinking if possible to release this money. What is the best option? Change my visa to piggy back off my husbands and keep 800k in his account? Keep both of us on OA visas and change to the 65k per month each. We are self funded pensioners in Australia so thinking to trf money from our Aussie account to Transferwise and then trf THB to here monthly. If this is possible when would we need to get this sorted. Our visa renewal is in December. Thank you.
Nov 12, 2018
6 years ago
Robert **********
ORIGINAL POSTER
TransferWise issue: So I opened account at Bank of Ayudhya/Krungsri Sukhumvit 31 in Bangkok. I transferred twice around $14,900 USD by ACS transfer. (Maximum $15,000 USD for ACS. My US bank, Capitalone360, does not do wire transfers to non-US banks. I went to Krungsri, asked for letter for retirement visa, stating balance over ฿800,000 THB, transferred from outside Thailand. The bank manager refused. I had a Thai person interpret. TransferWise bounced the money through several banks, the last being Bangkok Bank. They said get Bangkok Bank to write the letter. I’m waiting for BB to open at Central World but I’m not optimistic. My ideas are 1. Go to head Krungsri office see if they can call BB and write the letter. 2. Engage a Thai lawyer. 3. Arrange to transfer more Money from USA by direct wire transfer, perhaps open BB account. I do have embassy latter as to address (one year condo contract), landlord’s thai ID copy, showing monthly income >฿65,000 THB–but it’s by transfer from my own funds, not pension. I’m applying to change tourist visa from USA to non-O 90 day by reason of retirement at Chaengwattana.
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