lindosfan1 wrote:I use Lloyds TSB. You can no do international transfers to virtually any country in the world if you use internet banking.
lindos,
Can you please clarify the highlighted word - it could be 'not' or 'now', giving the post completely different meanings.
I'm assuming it should be 'now'. If so, it confirms what I heard a couple of days ago that both Lloyds and HSBC now permit international money transfers using Internet banking.
BB sorry correct it should be now. I just transferred money to Greece checked the list and Thailand is on it. You need depending on where you are transferring to the swift or bic code, plus iban in greece which is an account number. Seems very easy.
Woke up this morning breathing that's a good start to the day.
Yes, I've managed to add my Bangkok Bank account onto my LLoyds-TSB online transfer recipients list just this week.
When I had to go back to the UK about six weeks ago I took the opportunity to make a transfer to Thailand and the staff in the bank told me to watch out for international option appearing on the payments section of the online account.
Progress at last from Lloyds, so they'll be losing about £10 on each transaction as it used to cost around £20 and be quite time consuming to do overseas transfers inside the bank.
As I've already said, I can and have walked into banks here and withdrawn 40K or so with ID - my ATM limit is 15K.
It's a debit card so I assume I could max it out if I wanted to. After all, if I go to a travel agent in town and book a return flight back to the UK I'm going to be spending 35K++. The card is read, authorised and that's it.
As far as the UK is concerned, ATMs are a veritable minefield for fraud so I think they're very wary about allowing too much to come from an ATM. No problem in the bank with your passport though as it's face-to-face.
Don't know the situation now, but Thailand had one of the highest incident levels of credit and debit card fraud in the world a few years ago.
STEVE G wrote:Yes, I've managed to add my Bangkok Bank account onto my LLoyds-TSB online transfer recipients list just this week.
When I had to go back to the UK about six weeks ago I took the opportunity to make a transfer to Thailand and the staff in the bank told me to watch out for international option appearing on the payments section of the online account.
Steve, was this a Lloyds International Sterling Account?
Limited online international transfers have been available from Lloyds International Accounts denominated in US$ or EURO for some time but not from their sterling accounts.
I just logged onto my Lloyds international and on shore sterling accounts and couldn't find the international option you mention above? Am I looking in the wrong place?
I know it is easier to set up transfer from Lloyds but I object to paying 10 quid when I can go into SCB in Market Village and it only costs 4 pound 50p
Big Boy wrote:Can you expand please Piesat42? What costs £4.50?
Posted on previous page..
Piesat42 wrote:One of my mates pointed out to me instead of going to the ATM weekly and incurring charges each time it is better to go to the bank once a month and hide the money under your mattress. I use SCB and draw 50/70k at a time , costs 4 pounds 50p using my LLoydsTSB Visa debit card
What about commission or what rate are they giving you Piesat42?
"Hope is a good thing, maybe the best of things" - Yma o Hyd.
Must be the old age - the memory's going. Thanks pharvey.
While we're on the subject, my plan is to do something similar ie I intend transferring a large amount once a year into a Thai bank to live off. I'll then top up annually, or as required. I'll then use a Thai ATM card at little or no cost.
BB that is the way I did it. PIESAT42'S system will cost more 70,000 baht equals about 1750 pounds (depending on the exchange rate) I do not know what the maximum you may transfer in one go is, say 10.000 pounds will cost you 10 pound to transfer, P42 will pay 25 pounds.
Woke up this morning breathing that's a good start to the day.
This question is in complete ignorance, so please don't bite my head off if the question is stupid. The exchange rate seems a little low, and checking today's figures SCB are giving about 0.3 Baht less than banks such as Krung Thai Bank. Over £5K, this is quite a few Singhas less. Is there any unseen advantage using SCB?
Our transfer charges for sending an International Payment online are:
For payments of less than £5,000, the charge is £10.
For payments of £5,000 or more, the charge is £17.50.
I believe P42 is quoting two different types of transactions. One using an international debit card to draw cash from a Thai ATM = cash charge 4.50.
The second is transferring funds by SWIFT or similar = international payment online that previously had a maximum of 2500 GBP or equivalent. P42 do you have a link?
