Can I Ask what transfer method people use to transfer money from Australia to the Thailand bank account ?

Does anyone know the best way to move money from the us to Thailand. I used the atm but their exchange rate sucks. Wired money to my Thai bank account and that exchange rate cost me 2000baht on a 1,000 us deposit, worse than ATM

From Siam Legal updated 2024. This reads as if one can simply transfer 40k from an American account each month to qualify. That sounds quite lenient to me.

Hi i rented a condo in BKK. The owner would like to have a slip every month for the rent transfer. Is that usual? Because every transfer has a reference and name field. Wondering for what they need the slips for?

Regards

Looking to buy a condo here owned by another foreigner.

Any experts here on whether I need an FET here to complete this as price sub 50k usd.

In theory I guess I can transfer cash and also ownership at land office without FET but letter from bkk bank ? Doubt this is possible tho. Reason for asking is I already have the cash here but didn’t stipulate was for a condo purchase.

Additionally WISE reason for fund transfer states property purchase , it doesn’t have ability to add condo name unit etc so looks like a no go using that method. Plus the fact funds remitted would be in THB and not subject to fx onshore by bkk bank whereby they can take another 1 baht off my remitted amount versus WISE trading at spot fx

Thx for any input 👍

Has anybody in this group used Wise to transfer funds for foreign-owned condo purchase?

Careful!!! I am asking about people's experiences and not their speculation. I know there is an option on the Wise platform to indicate the purpose of the transaction, and I know one of those options is 'purchase condo'. However, I am asking has anybody actually used it and gotten what they need.

Last week create a transfer of $100 US, I indicated that it was to purchase property(condo). A week later when I finally got the funds I went to my local Bangkok Bank and asked if the transaction meets their requirements. The lady printed the form with the transaction details and there is no mention of Condo Purchase. She told me it MUST be there for the bank to do what they need to facilitate the transaction.

Anybody with experience with this matter have any suggestions?

Hi does anyone have any experience of contacting WISE regarding sending of funds to Thailand for visa purposes? I've read of people having problems when applying for non O & OA extensions based on the monthly income route because the Thai bank account statements didn't stipulate correctly where the funds had come from every month. Any advice appreciated. I'm not due to start sending monthly funds until next year but want to get it all sorted in advance. Thanks

Anyone having trouble with WISE. I tried to transfer money but they have it in hold until August 6 Never has happen to me.

I’m in Thailand on a Non OA retirement visa from the USA. I have been transferring $65k every month. After 15 months, can I switch to a Non O retirement, with the transfers as proof of income? I understand I may have to leave and return on a different visa first. Thanks…

Update: it took me less than 60 seconds to open an account, set up a transaction between US and Thai accounts, and receive the funds using remitly. The first time used, the transaction fee of $1.99 was waived with an exchange rate that was 0.12 baht per dollar less than what wise showed at the exact same time, which means 120 baht less per $1,000 usd sent. Comes out to be a bit cheaper than wise in fees/conversion, even if you calculated in the 1.99. Thank you everyone who suggested Remitly.

Anyone have a good alternative to Wise for transferring funds between personal accounts in America and Thailand? I used wise for 6 years for the same thing and all of a sudden they are asking for crazy amounts of information, cancelling transactions because after I provide what they ask, they say they need additional information, it’s kinda gotten ridiculous. I’m open to starting a new bank account with a U.S. bank if that can make things more easy. Thanks