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easymoney

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    How to transfer money

    in Thai Visas, Residency, and Work Permits

    Posted

    All the advise that has been given is good but would caution you to advise US bank to send dollars as some try to covert to baht in us and then send. They take a fat 5%. Too another nice way is if you are near New york open account with Bangkok Bank, or in LA Thai Farmers(might be renamed Kaniskorn). I know many retirees have done this for direct deposits of SSN or other retirement checks. Another vehicle bank is HSBC but watch them on conversion. They have many branches in US. Then upon arrival here open account at HSBC here (dollar type) this goes for the aforementioned banks also. I learned a hard lesson this past week in that a wire transfer of about 200k was due in and so on week ago friday its here and I withdrew 8million to buy house. Nope wrong wire it was from my friend account as he was sending money also he owed me 8k . I go to bank and of course dollar dropped and a windfall to me and my friend of 1200 .No way Bangkok bank took it had to give back exact amount baht so they could reap the profit.Now if I had a dollar account different story. And I might add this t/t was Bank ones error.
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