@Jim *********

i just checked and I don't think it applies to pensioners living overseas, I will follow it up and let you know 😊

@John *******

Thanks , I have Smartway, and every time I do a transfer with Wise I check the rates with smartway first, they sadly so far don't compare , I seem to lose about 4000THB on each transaction 🙏

@Scott ******

Thanks, that is exactly why I asked, on $5000AUD , Australian banks vs Wise, I received 5200THB more with Wise

@Tony ******

yea Tony, a bit hard to do that, they tell me it changes every day and won't commit to a rate, so I did this to see if a pensioner out there had done the sums because on $5000 AUD Westpac transfer vs Wise transfer , Wise gave me 5200THB more each time🙏😊

@Rob *********

thanks mate, that fully answers my question, I am currently transferring $5000 a fortnight via wise for the 800k non 0 Visa to my Bangkok bank account, the rates are awesome compared to Westpac, and wanted to know if the reserve bank gave a decent rate when they pay my pension directly into my Bangkok bank account or should I do it myself through wise, 🙏👍

@Bob *********

that was the reason I asked, I am currently transferring 800kTHB for retirement in $5000 segments every fortnight and the exchange rate using wise is far superior to Bank to Bank( Westpac) and hoped an Australian pensioner might be able to shed some light on whether Centrelink get decent rates, 🙏👍

@Kool ******

thanks, because I did a dummy run with $5000 , Westpac to Bangkok bank vs Wise and with Wise i got 5200THB more, so that answers my question but that 33% tax situation is concerning 🙏😊

@Bobby *******

jeez i didn't know that , thanks for the tip, I will follow it up 🙏👍

@Tod ********

Thanks Tod, that is well presented, and your answer also provides a solution,

@Wayne ******

further to what Tod said, after following this site for 2 years in preparation for my retirement later this year, I am led to believe that the Thailand authorities want to see your pension deposited each month , apparently centrelink close over the Xmas period and pay 2 months( December and January) in 1 hit, this situation apparently is unacceptable and could cause you Visa problems, I will watch your post to see if anyone has a solution, Cheers and good luck