treetops

Just now, scubascuba3 said:

ah ok so you recalculated the rates as Wise rate is pre fees

No.  Wise' own calculator gives you what you will actually receive after fees are deducted, as it appears XE's does too.

7 minutes ago, lopburi3 said:

Actually funds remitted from outside Thailand would be subject to an additional 1/4 percent fee in range 200 to 500 baht taken out by Thai bank.  Wise uses payments from account already established in Thailand to avoid this extra fee - have no knowledge of XE.  So what lands in bank and actually lands in your account could be a bit different.

I don't believe so from looking at the information on their app.

13 minutes ago, JohnnyBD said:

This is pure conjecture & speculation on one person's part. Not factual.

I thought that was evident from my post (my bolding for emphasis)

18 minutes ago, treetops said:

If as suggested Thai banks may report funds received . . . .

Agreed it's conjecture but so is almost everything on the subject at this stage.

It's not whatiffery (whataboutery) or scaremongering as suggested by another, it's an invitation to discuss a possibility.  Feel free not to if you think it too far fetched.

3 minutes ago, scubascuba3 said:

Need to compare net rate i.e. including fees

The figures I gave were what lands in your Thai bank so include everything.

When I bring money into Thailand I usually use Wise whose MO is to take my funds in my home country and use their own funds in Thailand to square me up.  They show on my bank statement as funds received from another (Thai) bank.

Who is remitting in this scenario?

If as suggested Thai banks may report funds received from overseas as a tool to identify taxable funds to the RD, these will not be reported as remitted by me but by Wise.  What could happen here?

On 5/16/2024 at 2:09 PM, organicman said:

Has anyone used XE before? They are supposed to be cheaper than Wise. Is it as fast as Wise where I usually get payments within 10 minutes.

You can compare the two on line.  As I'm typing this, for £1,000 GBP Wise will give you 45,506 within seconds and XE will give you 45,416 THB.  XE app says delivery time is "Typically within 24 hours" but I've not actually used them to know how accurate this is.

3 hours ago, george said:

You can't create a new topic in the news forums. Only for staff. Send me a PM with the story and we will consider publishing it.

Do bots count as staff and are there settings you can adjust to improve the quality?  The current regurgitations (eg from Pattaya News) read poorly.

4 minutes ago, CygnusX1 said:

“unless you choose otherwise”. You have to be careful here, for the ATM I used a couple of days ago in Bangkok, the outrageous DCC rate (dynamic currency conversion) was set as the default, and you had to specifically opt out to receive the proper rate. Your home bank may also levy a rip-off exchange rate (big 4 Oz banks), so it pays to arrange an account with a bank at home that uses fair exchange rates.

Agreed, and if possible choose one of each processor, Visa and Mastercard, to have a backup in case one network has issues.  I have that from two different UK banks.

5 hours ago, scottiejohn said:

That is me using my debit card rather than bank to wise!

Slightly more expensive than bank transfer but the near instant transfer is worth it IMO!

I use bank transfer from my UK bank and as long as the amount sent < 50,000 THB it's almost instantaneous too

4 hours ago, VBF said:

I can only comment on Pattaya, but IME TT Money Exchange https://ttexchange.com/ gives the best rates for cash (UKP to Baht) and there are loads of branches.

Damini in Soi Post Office give a better rate and are open 24 hours but don't have the branch network of TT.

1 hour ago, GreasyFingers said:

At what exchange rate? Or you do not ncare.

When withdrawing at ATMs the exchange rate is set by the payment processor, usually Visa or Mastercard, unless you choose otherwise.  With no bank fees this is one of the most efficient ways to get cash abroad.  It was similar in Thailand before the ATM fee came along.

OP-bot has just re-written this article and juggled a few words about to make it sound original.  All 5 paragraphs contain the same information and written in the same order.  Verdict:  Must try harder.

https://thepattayanews.com/2024/05/13/vandalism-defaces-iconic-pattaya-city-sign/

Don't you think you've kicked the 4rse out of it enough?  Try somewhere else for a while.

23 minutes ago, falang07 said:

I have moved to Revolut, better exchange rates when factoring in the high fees.

If converting from GBP then you're correct up until about £1,200.  After that Wise beat Revolut on cost.

8 minutes ago, khunjeff said:

Those auto-gates were purchased in 2012, but were only authorized for use by Thais until last year.

Must be the entry gates then, not the exit ones which are much more recent?

1 hour ago, Digitalbanana said:

How can anyone but the op have a version?

Stop being obtuse and ignoring the context of my reply.  How can anyone read the OP and not make an intrepretation of what is said?

1 minute ago, norbra said:

 

Does the article have a date on it?  That appears a significant change if this article is correct.

On further reading it's mandatory to issue a FET if the value is over $50,000 USD.  Maybe lower value ones are a grey area or down to the bank local practices?

Wow.  Transport Minister Suriya Jungrungreangkit is on the ball. No looking back now.

And replacement of the automatic passport-checkers?  I hope not the exit route ones as they've only recently been installed.

Or is the whole story just another slew of words with no basis in what's actually going to happen?

4 minutes ago, JBChiangRai said:

Very strange that there are 2 rollaway beds under the stairs and a lobby sign outside

Why?  It's a villa resort complex which offers extra beds if required and a 24 hour reception.

2 minutes ago, JAS21 said:

Renewed my extension of stay last month.

That's certainly a good data point for others using Nonthaburi.

4 hours ago, JAS21 said:

Well, I sent my request in last Friday, received the confirmation that they had received it later that day. Received the approval e-mail a few minutes ago …so working for me.

Would you like to share which office and whether you have left the country or renewed a permission to stay or passport, or anything else that might otherwise have affected your submission?