pumpjack Posted May 3, 2018 Share Posted May 3, 2018 yesterday went to kasikorn pattaya klang, tried do international transfer from this bank to my bank in ireland, was told cannot sent in baht, asked why and i got no sense out of her. asked her can i use ( moneycorp.com ) so that kasikorn can send in thai baht to moneycorps bank and they would do the exchange rate, again was told " cannot " what can i do, i need to make tansfer of 1.3 million baht asap to euro - ireland Link to comment Share on other sites More sharing options...
YT3k72Em Posted May 3, 2018 Share Posted May 3, 2018 Send in euros 1 Link to comment Share on other sites More sharing options...
janclaes47 Posted May 3, 2018 Share Posted May 3, 2018 Thai banks will transfer in Thai Baht ONLY, so the reason that they say " cannot" definitely has other reasons. Why you not tell us the whole story. Link to comment Share on other sites More sharing options...
partington Posted May 3, 2018 Share Posted May 3, 2018 1 hour ago, janclaes47 said: Thai banks will transfer in Thai Baht ONLY, so the reason that they say " cannot" definitely has other reasons. Why you not tell us the whole story. You are mistaken. Here is an example of an international transfer from Kasikorn bank's own website showing a transfer in GBP with exchange rate given. I'm sure in fact that they will only do internationally accepted major currencies and not Thai baht, and this will apply to most Thai banks. Link to comment Share on other sites More sharing options...
janclaes47 Posted May 3, 2018 Share Posted May 3, 2018 Just now, partington said: You are mistaken. Here is an example of an international transfer from Kasikorn bank's own website showing a transfer in GBP with exchange rate given. I'm sure in fact that they will only do internationally accepted major currencies and not Thai baht, and this will apply to most Thai banks. That would be very strange, since I have foreign currency accounts in Euro and USD with Kasikorn bank, and if I want to send them back to where they came from, I have to exchange them first to Thai Baht. 1 Link to comment Share on other sites More sharing options...
Rc2702 Posted May 3, 2018 Share Posted May 3, 2018 Listen pjack sack doing the transfer and look at transferwise proto. Borderless transaction will save you at least £400 by using transferwise. Set up personal transferwise account online. Set up payee data Agree to pay the transfer manually. They will provide a Thai based transferwise account with a alphanumeric code that must be quoted when transferring the money to their account. Once they get the wedge you should have it in Ireland within 3 days max. Might be worth calling them and explaining as if you have never used them they may need to request more proofs to ensure nothing dodgy happening. ID, pdf of bank statement. Stuff like that. 2 Link to comment Share on other sites More sharing options...
pumpjack Posted May 4, 2018 Author Share Posted May 4, 2018 11 hours ago, janclaes47 said: Thai banks will transfer in Thai Baht ONLY, so the reason that they say " cannot" definitely has other reasons. Why you not tell us the whole story. hey hotshot...your wrong ! Link to comment Share on other sites More sharing options...
pumpjack Posted May 4, 2018 Author Share Posted May 4, 2018 8 hours ago, Rc2702 said: Listen pjack sack doing the transfer and look at transferwise proto. Borderless transaction will save you at least £400 by using transferwise. Set up personal transferwise account online. Set up payee data Agree to pay the transfer manually. They will provide a Thai based transferwise account with a alphanumeric code that must be quoted when transferring the money to their account. Once they get the wedge you should have it in Ireland within 3 days max. Might be worth calling them and explaining as if you have never used them they may need to request more proofs to ensure nothing dodgy happening. ID, pdf of bank statement. Stuff like that. just what i needed to hear, thanks Link to comment Share on other sites More sharing options...
pumpjack Posted May 4, 2018 Author Share Posted May 4, 2018 maybe a bank cheque / draft and bring back to ireland with me ? im not worried if it takes a little longer to process Link to comment Share on other sites More sharing options...
scorecard Posted May 4, 2018 Share Posted May 4, 2018 12 hours ago, janclaes47 said: Thai banks will transfer in Thai Baht ONLY, so the reason that they say " cannot" definitely has other reasons. Why you not tell us the whole story. There are quite strict laws / regulations about sending money out of Thailand which banks cannot ignore. I don't know why sending funds out is so restricted but money laundering stuff could be one reason Western union perhaps one possibility, but needs checking re: - What limit do they have per transaction? - Are multiple transactions possible? - Fees? Link to comment Share on other sites More sharing options...
stevenl Posted May 4, 2018 Share Posted May 4, 2018 There are limitations in sending money abroad, that is probably the reason your transfer is rejected. And yes, you can send in Thai baht. Link to comment Share on other sites More sharing options...
topt Posted May 4, 2018 Share Posted May 4, 2018 7 hours ago, stevenl said: And yes, you can send in Thai baht. But presumably you would get stitched up by the receiving banks exchange rate so why would you? 1 Link to comment Share on other sites More sharing options...
BEVUP Posted May 4, 2018 Share Posted May 4, 2018 8 hours ago, stevenl said: There are limitations in sending money abroad, that is probably the reason your transfer is rejected. And yes, you can send in Thai baht. So how do thais do global business if there are limitations I know in Auss anything above $10,000 you have to fill in forms ( i usually send $50 less ) Link to comment Share on other sites More sharing options...
KhunBENQ Posted May 4, 2018 Share Posted May 4, 2018 (edited) 20 hours ago, YT3k72Em said: Send in euros Agree. Sending Thai Baht would mean the exchange takes place in Ireland. Could result in bad rates. So let the Thai bank do the exchange. On the other hand the OP wording is unclear enough to leave room for another interpretation (legal restrictions requiring proof of source). Edited May 4, 2018 by KhunBENQ Link to comment Share on other sites More sharing options...
moana Posted May 4, 2018 Share Posted May 4, 2018 19 hours ago, Rc2702 said: look at transferwise Transferwise can only transfer into Thailand, not out of Thailand. Link to comment Share on other sites More sharing options...
pumpjack Posted May 5, 2018 Author Share Posted May 5, 2018 bankers draft ? take it home with me ... Link to comment Share on other sites More sharing options...
Ks45672 Posted May 8, 2018 Share Posted May 8, 2018 On 05/05/2018 at 12:47 PM, pumpjack said: bankers draft ? take it home with me ... Wallet full of €500's used to work very well Link to comment Share on other sites More sharing options...
starfish Posted May 9, 2018 Share Posted May 9, 2018 On 5/4/2018 at 12:36 PM, topt said: But presumably you would get stitched up by the receiving banks exchange rate so why would you? For entertainment purpose, i once tried to send USD to Europe, to my multicurrency- account. They said: Only Euro to Europe. Needless to say, i went over to the next bank and no problem These guys ask themselfes how they got there, all day ! Link to comment Share on other sites More sharing options...
starfish Posted May 10, 2018 Share Posted May 10, 2018 (edited) 15 hours ago, starfish said: For entertainment purpose, i once tried to send USD to Europe, to my multicurrency- account. They said: Only Euro to Europe. Needless to say, i went over to the next bank and no problem These guys ask themselfes how they got there, all day ! In case, nobody believes me: i can´t believe it myself, but its true, happened a while back though, when they invented banks in Thailand. Anyway, always buy Euro or USD first, then send that. My max amount was 15000 Euro without any questions asked. And for any money sent into thailand i ask for a letter from the manager in this branch (Stamp and signature,100 Baht, but they always look somewhat bewildered at me ), confirming that i brought this money into Thailand, so i wouldn´t have problems sending it out of thailand. Edited May 10, 2018 by starfish Link to comment Share on other sites More sharing options...
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