Okay I have the next dumb question. My buddy is trying to transfer money from Bank of America to Bank of Thailand. He's doing a wire transfer and he's not using wise so let wise go. When we went to do the transfer it asked did we want to use Thai baht, US dollars or euros. We did an experimental run of a thousand US dollars. We chose Thai baht and it gave us an exchange rate of 31.61. not a great exchange rate. Now the question is should we have picked US dollars and then let Bank of Bangkok convert it. Please let us know what you guys think would be the best choice in this quest to bring money to Thailand.

Hi, can someone tell me what exchange rate does the embassy use? Like how much is 500k THB in EUR, USD? I googled it but i doubt they use the same exchange rate.

Can I use 800,000 Baht in cash to open a bank account.

I am thinking that bringing £ over from UK will get me the best exchange rate to Baht

TIA

American bank will charge 35.00 transfer fee to Thai bank and says same day wire with no atm fee. Would using wise be better and if so why. I have looked at the wise site. I appreciate all the help this group has given me so far

Is anybody from Canada using wise to transfer money from Canada to Thailand Tia

How are exchange rates dealt with usually? If I transfer the equivalent of 500k THB in another currency to a bank account and the currency depreciates against the THB over the next 3 months until I will apply for the DTV will they use the exchange rate at the time of application for every historic month or will they use the exchange rate for each month so I have a chance to top up the account to cover for currency fluctuations during these 3 months?

Alternatively do they allow using bank statements from several banks for the application so I can add a statement from another bank as well if needed to get up to 500k THB?

Am I still able to Exchange 500 euro notes in Thailand?

Just a head up for people with a Barclays Premier account in the UK.

Transfers are free from these accounts to a Thai Bank account.

Before you start

To complete an international payment you’ll need:

a PINsentry device

the IBAN or SWIFTBIC number of the bank you’re paying intoThey will

let you know how long the payment will take and if there are any charges before you confirm.

Today’s exchange rate is 42.93 GBP to the Baht

I know this doesn’t suit everyone but it’s for information purposes only

Also if you are trying to transfer 800k baht in from wise you can only do this in 50k baht increments so it’s a. Minimum of 16 transactions at approximately £8 for each one.

I’ll let everyone do the maths on this one

What is the best way to send large amounts of money to thailand. I have a bank account in thailand already. ?

I've just transferred £1000 from UK to Kasikorn, the UK charged just £5 and i sent in pound sterling, because UK always charge more when they exchange it. However Kasikorn has just creamed 3%, no biggy for £1000, but this was a trial to see speed and charges, it will kill me sending 5 or 10 million baht. So my question is, from experience, do any of you know whether different banks charge different amounts, if so which is best, and finally does the amount % get less the more you send?