@Tony *********

what's your latest exchange rate? I did a transaction through Fidelity and they hit me for 3% and then wise said they can't do Swift transactions because it's only through certain banks and the cut of the exchange rate is too high. what is your experience?

Fidelity is much like Schwab and from my understanding the hit happens when the currency is converted from US dollars/UK Pound etc. to Thai baht in Thailand. There are only eight banks that are authorized by bank of Thailand to accept Swift transfer money and converted it to baht.  my transferred money went from 31.8 to 30.8 bot once the swift transfer is complete. A standard wise transfer is or of a baht loss.

@Tony *********

I'm not hearing you guys talk about the exchange rate that you're receiving. What is your loss or not loss?

@Kevin ********

that may be true, but it wasn't true my case.

@Bent ************

that is good Ben. next question and the big hit on the Swift transaction was in the exchange rate. I had a zero dollar fee from my bank but the exchange rate took a full 3% hit which on my transaction was about $80 USD.

@Kevin ********

The first I knew that my account was frozen was when I tried to put my $65,000 baht into the account. I was notified that the deposit was rejected and when I called Bangkok Bank they did not know why they rejected my deposit. they told me to go back to Wise and ask why what code they were given when the deposit was rejected. It was at that point that Bangkok Bank could tell me that my account had been frozen as the code was for a bank account that was closed.

@Andrew *************

hmmm okay. Then why can Bank of Thailand make Bangkok Bank freeze accounts under a tourist level visa, like DTV? Just a question.

@David *********

You cannot legally open a bank account with a DTV. How did you handle this David?

@Brad ***********

Thank you for sharing

with all of this Bangkok Bank problems I was looking at opening an additional bank account. Kung Thai was on my radar but when I asked my Thai national friend about opening account there she said it was a government-owned bank and characterize them as slow. So I decide to keep my Bangkok bank account and see what happens in the future. It is wise for you to find a bank that is easy to access because they all seem to go with the operations being centrally located in the branch that you open your account. That's a generalization.