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

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

if I can't open a bank account, how will I get the money ?It seems confusing atm. Should I get some cash with me ? What's the max legal amount? Thank you.

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?!?!

Does the money you send from overseas have to be regular payments or just be more than 800,000 baht for 12 months? Do you just get a letter of authorisation from the bank about deposits? TIA

Hello all.

Hope you can clear something up for me.

Renewed my 1 year Non-O based on retirement using the 800k on deposit method earlier this month and have started sending the monthly 65k minimum overseas transfers, to make 12 in total by next Feb.

Can I now take out the 800k, as I have another use for it, or is there still a minimum (400k) balance which must remain at all times?

Thank you.

Robert.

I’m going to be retiring to Thailand in May . Is it best to have social security deposited in US Bank? And then transfer funds as needed? If so is there a preferred bank for ease in transfers? TIA

Can anybody give feedback about a good bank to olen an account with in Thailand ,i guess one that gives you a card and doesnt charge too much for useing ATMs?? Thanks

Hi, after advice re my retirement visa and money requirements.

Am into my second year of retirement visa and have been depositing 65000 baht monthly for last 18 months.

Do l still have to have the 800000baht in bank before annual renewal and if not am l required to still maintain a minimum balance in my account even though I make monthly deposits??

Thanks in advance.

For the past two years, I've kept 800,000 baht in a Thai Bank to meet the visa financial requirement. If I decide to use my US social security income to fullfill the requirement instead of the bank account, what documentation is needed for Immigration?