Same as me.
My alternatives:
1) My Social Security direct deposited to Bangkok Bank this coming month should be about 68K but there could easily be a month where it's only 64K. I guess I could supplement with an additional Wise transfer.
2) Agent, but don't want a bankbook showing less than 800K for 3 months prior/after.
3) SCB at 1.5% but don't like the idea of not having a bankbook to show Immigration
I could currently earn 5.5% in the USA which nets out to a 4.6% difference which has meaningful opportunity cost of 36,800 baht which ain't chump change.
But for simplicity and peace of mind, I'm continuing to use the 800K method. I also want some of my money in Thailand as I've been having problems setting up transfers. I realize that this may not make economic sense.