International money transfers FROM Thailand
International money transfers FROM Thailand
I need to wire some money from Thailand to my bank in the U.S
Transferwise is out for transfers out of Thailand.
I assume I can do it from my Kasikorn bank using swift but I have read there are restrictions like not by farang unless it is with work permit. Limit on amount?
Does anyone have direct experience doing it? What are the requirements?
Anyone have experience with Deemoney?
Transferwise is out for transfers out of Thailand.
I assume I can do it from my Kasikorn bank using swift but I have read there are restrictions like not by farang unless it is with work permit. Limit on amount?
Does anyone have direct experience doing it? What are the requirements?
Anyone have experience with Deemoney?
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte
Re: International money transfers FROM Thailand
K-bank wanted documents to prove what the money was for last time I tried it.
BAY is much better, you can send 100k a time via the online banking website once you have setup recipient accounts.
Cryptocurrency is by far the easiest, quickest and cheapest for me anyway.
BAY is much better, you can send 100k a time via the online banking website once you have setup recipient accounts.
Cryptocurrency is by far the easiest, quickest and cheapest for me anyway.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: International money transfers FROM Thailand
In past sometimes I sent money to my bank account in Germany. No problems! My account here is in Bangkok Bank. I needed my passport only.
Re: International money transfers FROM Thailand
There's a relatively new service/app called Deemoney. Lets you bypass the bank restrictions/annoyances and is pretty well priced. www.dee.money
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Re: International money transfers FROM Thailand
Are you sending back to the UK via bitcoin? If so which company do you send to before withdrawing into your bank account? (Assuming that is what you are doing?buksida wrote:K-bank wanted documents to prove what the money was for last time I tried it.
BAY is much better, you can send 100k a time via the online banking website once you have setup recipient accounts.
Cryptocurrency is by far the easiest, quickest and cheapest for me anyway.
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Re: International money transfers FROM Thailand
Have you used it?moater wrote: ↑Wed Jan 30, 2019 6:52 pm There's a relatively new service/app called Deemoney. Lets you bypass the bank restrictions/annoyances and is pretty well priced. www.dee.money
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte
Re: International money transfers FROM Thailand
Which Cryptocurrency? Can you but it in Thailand?buksida wrote: ↑Wed Jan 30, 2019 12:05 pm K-bank wanted documents to prove what the money was for last time I tried it.
BAY is much better, you can send 100k a time via the online banking website once you have setup recipient accounts.
Cryptocurrency is by far the easiest, quickest and cheapest for me anyway.
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte
Re: International money transfers FROM Thailand
Henry 14th wrote: ↑Wed Jan 30, 2019 7:30 pm Are you sending back to the UK via bitcoin? If so which company do you send to before withdrawing into your bank account? (Assuming that is what you are doing?
Send me a PM if you want more details.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: International money transfers FROM Thailand
US citizen can not buy bitcoin in Thailand.
Paypal may work for sending money to Thailand. NOT from Thailand
Non Thais can't wire money out of Thailand unless they can prove it came from international originally. Like buying a condo.
So far no way to do it for me. Still trying to find a way. Maybe using a Thai intermediary. Working on that but after all the dead ends so far I'm not optimistic.
With the new visa rules and Thai capital controls I'm sure glad I didn't buy a house here.
Paypal may work for sending money to Thailand. NOT from Thailand
Non Thais can't wire money out of Thailand unless they can prove it came from international originally. Like buying a condo.
So far no way to do it for me. Still trying to find a way. Maybe using a Thai intermediary. Working on that but after all the dead ends so far I'm not optimistic.
With the new visa rules and Thai capital controls I'm sure glad I didn't buy a house here.
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte
Re: International money transfers FROM Thailand
I've transferred money to the UK on occasion (the most being 500,000) using Bangkok Bank with no problem. I've always had to state a reason which I've used 'Education expenses'. Haven't done it for a while but always worked.
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Re: International money transfers FROM Thailand
There is no problem sending money out with Kasikorn, Bangkok Bank or Krungsri. I recently sent 1.5m Baht to Australia. Told them I needed to transfer money, gave my passport and bank book to the teller who filled in a form then asked me why I was sending money, the form had multiple boxes to select from, I asked which is best the teller said school funds and accommodation.
Saying you have to prove that you brought the money in is just not fact, I have been sending money out with no problem for quite a while. The only issue is you are restricted to using a Thai bank and their exchange rate and fees.
No problem and done in minutes.
Saying you have to prove that you brought the money in is just not fact, I have been sending money out with no problem for quite a while. The only issue is you are restricted to using a Thai bank and their exchange rate and fees.
No problem and done in minutes.
"Live everyday as if it were your last because someday you're going to be right." Muhammad Ali
- StevePIraq
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Re: International money transfers FROM Thailand
That post about Dee Money is interesting, once registered which is not so simple, you can send out up to 800k per day if sending from a branch, however there are just 4 branches and all in BKK.
Fee is only 150 Baht with the mobile app.
Has anyone used this system?
Just seen their Facebook page and nothing but bad reviews and comments.
https://www.facebook.com/pg/DeeMoneyTH/ ... e_internal
Fee is only 150 Baht with the mobile app.
Has anyone used this system?
Just seen their Facebook page and nothing but bad reviews and comments.
https://www.facebook.com/pg/DeeMoneyTH/ ... e_internal
"Live everyday as if it were your last because someday you're going to be right." Muhammad Ali
Re: International money transfers FROM Thailand
I was at Kasikorn today. They counted the bhat that had been deposited from out of the country over the last three months and told me that was the limit I could transfer out. My Thai wife could transfer more if she would give a reason.
So I guess some people can transfer as much as they want and others can't. I am curious why.
So I guess some people can transfer as much as they want and others can't. I am curious why.
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte
Re: International money transfers FROM Thailand
I don't know if kasikorn has some internal regulation that makes transferring money overseas difficult, but a few months ago I was in the kasikorn branch in Market Village and there was a foreigner talking to one of the tellers. He wanted to send 2 million baht from his account to his wife in The Philippines. The teller kept on saying that it was too difficult. Not impossible, just too difficult. Too many forms and having to get authorisation. The customer was at a loss. What should be do? In the end the teller told him it would be easier to withdraw the money from his account and go to one of the other banks where doing the transfer would be much easier. At this point I finished my business there and left without seeing whether the customer did as advised, but it did seem rather strange.
Re: International money transfers FROM Thailand
I have found that I get better and more knowledgeable service at the Blueport branch. But I usually see a guy at one of the desks. Not a teller. Today he was very helpful explaining the transfer rules to me.hhinner wrote: ↑Thu Feb 07, 2019 11:22 pm I don't know if kasikorn has some internal regulation that makes transferring money overseas difficult, but a few months ago I was in the kasikorn branch in Market Village and there was a foreigner talking to one of the tellers. He wanted to send 2 million baht from his account to his wife in The Philippines. The teller kept on saying that it was too difficult. Not impossible, just too difficult. Too many forms and having to get authorisation. The customer was at a loss. What should be do? In the end the teller told him it would be easier to withdraw the money from his account and go to one of the other banks where doing the transfer would be much easier. At this point I finished my business there and left without seeing whether the customer did as advised, but it did seem rather strange.
"Religion is What Keeps the Poor from Murdering the Rich" -- Napoleon Bonaparte