- yes I think everything is made complicated...you will find many farangs say that they don't want us here...kinda thinking there may be some truth to that...the hoops for the visa seem to get bigger and bigger π
With regards to the receiving banks it's best to check out their websites. Most transfer monthly amounts but I did have to transfer the 800k but I think I may have done it over a few transactions I can't remember. If I doubt check the bank you are transferring to. I assume you have an account in Thailand? If not it's a real work up. Luckily I now have 2 one with Bangkok Bank and one with SCB.
I transfer from Β£ to Thai baht using Wise and then move that to my Bangkok Bank account. Once it's there it's easiest to either pay in cash or 'scan'...this is where the vendor produces their scan bar or QR code and you simply use the apps scan feature. I would say I probably do
*****
but anything larger it's always scan.
The Thais are very clued up in modern technology and especially payment systems they do way more than I do... I just keep it simple. It did take a short time to get used to what I was having to do because in the UK it was all with the plastic but here it's all about your phone 555.
I am not familiar with Super Rich is it an app? Yes Wise have steadily been increasing fees for a while so I'm on the lookout for a cheaper alternative.
One thing to note which is very important. Wise transfers show up as International and it's very important for the visa renewal if you are doing it bases on 65k per month or 40k per month if married to a Thai.
Oh I forgot to mention when withdrawing cash always use the apps cardless feature to avoid charges in you are out of the district that you opened your bank at. There are some weird things banks do here and that's one of them π
- exactly true I suspect many are reducing spending waiting for a downturn and delaying sending over money. I'm living off what I have over here but definitely spending as little as possible. I nearly sent a lot over end July when it was at a 52 week high 47 baht to Pound sterling. Kicking myself I didn't won't be making that mistake again! π
It's killing everyone in UK, USA and Europe at the moment.
I have read many articles about it. It started falling sharply end of July mostly on market talk. Eventually got a lot worse because the Fed reduced interest rates by a full half of 1%.
What makes me laugh is investors are apparently buying the baht and investing in Thai stocks when the BoT rate is still only at 2.5% half of the UK and US.
None of it makes any sense at all especially when Thailand is supposed to be full of household debt.
It's surely heading for a crash at some point especially as its making Thai exports less competitive than with their Asian neighbours.
Hopefully it will bottom out soon and start falling again ππΌ
- seems pretty clear to me that's what he has said. In other words up to 7 days beginning 14 days BEFORE the expiry date. A short but durable window. This will catch a lot of people out forcing them to visit or get a fine.
I wonder why they have changed this seems odd to me. Mine is due 16th so I have from the 2nd for 7 days only 2nd to 9th I guess π