@Mark ********
Thanks for the clarity. I understood everything, and that’s what I was worried about. In the last few years, it seems many US banks use this “no fee” model, because they’re skimming money within the exchange. It ends up being more expensive than it was before. Frustrating.
Has there been any way to correct this Wise issue through their support reps or is this the way it now is for everyone who uses the app? Is there really no remedy other than transferring the full 800K in and leaving it there? With all of these bank freezes, I am not feeling comfortable with that unless I have no other choice. I was also wondering whether Thai Banks can receive and hold money in USD, or if it’s only acceptable for immigration purposes for the currency be in Thai baht for the whole year? Lastly, I thought you only had to have the full 800K for the few months before your renewal date and the rest of the year it could be no less than 400K. Is that not so?