Michael ********

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Michael ********

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Michael ********

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QUESTIONS

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COMMENTS

Do I need to close my UK bank accounts when moving to Thailand?

Michael ********

@John ******

Nationwide Building society bank allow you to have any address.

Just need a UK phone number for verification.

Savings have to be in a Current Account only, no interest paid.

7 months ago

What services can allocate a UK number for receiving SMS verification codes while abroad?

Michael ********

What are the two bank accounts that you have been locked out of.

I know Barclays no longer allow you to have an account if moving abroad so I will be closing mine and just using my Nationwide account.

8 months ago

What are the best methods to transfer money from the US to Thailand without losing too much on exchange rates?

Michael ********

Wise

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

@Ivan ***********

not sure if that would suffice Ivan but that information came from Wise regarding transferring Thai Bahts

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

@Ivan ***********

my intention was to transfer money to my Wise account and my wife's before we leave the UK (equal amounts).

Once we have opened our Bangkok bank accounts I will transfer the money to both these accounts for the purchase of the Condo.

I hope this works.

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

@John ******

we are opening bank accounts next month when we arrive. This has all been set up for us and arranged the day after we arrive.

We then need to transfer equal amounts to two bank accounts for us to buy our Condo.

Looking at the rates, Wise looks the best option compared to using my high street bank.

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

@Ian *******

yes, I have just done a comparison check and Wise is coming up as the best option.

For example: A £35,000 transfer would cost me about £206 using Wise. With my own bank nearly double that amount.

So with two transfers for myself and my wife it would cost me £412 compared to £1100 using my high street bank.

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

@James ******

think it will better then exchanging the rate in the UK first before sending the amount over.

8 months ago

What are the most cost-effective methods to transfer funds to Thailand for retirement?

Michael ********

I currently live in the UK but will we will do a International Bank Transfer when we buy our Condo next month, costing £20 for the transfer.

8 months ago

How do I apply for a Non-O retirement visa if my funds are not seasoned for 2 months yet?

Michael ********

@Fernando ***********

Thank you for that information. We are coming across from the UK next month and a friend of mine who is helping us out to open a bank account confirms what you have said. We will be using the same immigration office.

8 months ago