gamb00ler

Better is determined in the eye of the beholder. Here are the fees for funding your WISE transfer per US$1,000 Connected back account (ACH) fee is 2.49 Wire transfer fee is 6.11 Debit card fee is 12.93 Credit card fee is 61.65

I hope that was rhetorical.... Government has a huge impact on day to day lives of the middle class and below. Do I really need to list the areas of their lives that are highly impacted by governmental policy? Why don't you put together a list of the areas where governmental policy has little or no impact on the lives of middle class Americans?

I guess you could say the investors are becoming "woke".

I just completed this quiz. My Score 20/100 My Time 155 seconds  

LOL... I left IT before dial up was replaced by ADSL or cable internet.

I would say that if you strongly believe something, the attitude presented is not one of pretension.

You do know the word presumptive is not about sumps, right?

If your LINE data is valuable.... do you make regular backups?

I've heard that the polite term is cockpit error.

I tried it but I ended up pouring coffee on my cereal and heating up the milk for breakfast.

Same for me, except I didn't need the signed lease and I didn't need to pay anything. I don't remember if I needed the tm30 receipt which used to be stapled into my passport.

There are some other details of my initial visit to SCB that I didn't include. I told the SCB staff that I wanted to open the SCB EZ Savings account. That account has no bank book. For some reason they actually first opened a standard savings account for me. They told me they did so because there was some transaction in the bank branch was not possible with the EZ Savings account. I no longer remember which type of transaction that was. After they had completed opening the standard savings account they started the process of opening the EZ Savings account. It was during that process that the branch staff ran into a problem. That's the point where I asked them if I needed a Thai tax ID for them to complete the process. The next day I came back with my tax ID and the EZ Savings account was opened. To summarize: no work permit was required, SCB staff could open the standard savings account with no Thai tax ID but for the EZ Savings account a Thai tax ID was required. Non of it makes any sense to this dumb farang.

Sorry that I didn't mention that at the time I was on a newly renewed 1 year extension of stay.

In my experience ?

I managed to open one with my passport, a certificate of residence from Immigration and a copy of the the house book. That happened about 3 months ago at Central Airport branch.

As far as I know you would still need to go to the bank to move funds in/out of a fixed deposit account. That type of failure seems common in Thailand. Initially SCB said I needed a work permit. I told them I can't work because I'm on a retirement extension. They started my application but they seemed unable to proceed at one point. I asked them if I needed to get a tax ID and they said yes. The next day I got my tax ID in the morning and returned to SCB and setting up my account was completed. You need to be patient and persistent to get things done in Thailand.

yeah... Bangkok bank told me they would still do an advance on a credit card... which is super silly because the process for them is identical if I used a debit card.

I opened my Schwab brokerage account in '87 but never have had a bank account with them. I just recently found out that Zelle transfers are possible with their bank account but not their brokerage accounts.

I find the easiest method to contact Schwab is through their online chat function. I use a desktop all the time... not a smartphone. Not sure if the online chat function is available on their phone app. I've asked them dozens of questions that way and the Schwab customer reps have always been able to answer/help.

I forgot to ask you what Thai bank do you use to get a cash advance on your US debit card? I used to use Bangkok bank but I've been told they don't offer that service anymore.

He was not using an ATM.... he was doing a cash advance at the teller. Bangkok bank used to offer that service for free but apparently has stopped it completely earlier this year. I just opened a Krungthai bank account because they offer that service but they do charge 200 ฿. That's not too bad because with a Schwab card I can get up to 15K US$ per advance.

wow... those are some greedy banks. I usually use NerdWallet to find banks with better offers on fees and interest rates.

I have two US debit cards that don't add foreign transaction fees to ATM withdrawal, retail purchases or cash advances at a bank teller. Schwab and Capital One 360 Savings don't add the any fees. Of those two, only Schwab also refunds the 220 ฿ ATM fee. In the Fidelity Terms and Conditions they say that certain account types are eligible to have all ATM fees refunded. Also, Fidelity does not add foreign transaction fees. I found the Fidelity details by googling for fidelity "debit card" terms conditions.

I try to remember to warn potential debit card users of the foreign transaction fees that are added by most financial institutions. I think your estimate of 3-4% is a little on the high side. I think the most common fees are 1.5% and 2%. Bangkok bank also adds that fee if you use their debit card outside Thailand. The best place to find the details of the foreign transaction fee is in the Terms and Conditions attached to your debit card. I agree that the banks don't make it easy or convenient to find those details. The Visa and Mastercard web sites I posted earlier do allow the user to enter the foreign transaction fee percentage each time you request an exchange rate quote.

yes... Schwab is not a bank so they don't directly connect to SWIFT. They need to use an intermediary bank.