money into a Sterling account in thailand

[Harveyboy]

what is the best way cheapest way to take money from my bank in England and put it in a sterling account in thailand  as we all know its not a good time to change thai currency over but want cash in the bank to change if and when rates change   put in and take out sterling ..rates far better on the local places than banks ..any help please tks 

[CharlieH]

WRONG FORUM

 

MOVED

[THAIJAMES]

Open a foreign currency account in pounds at a Thai bank.  For example SCB.  You don't have to put any money in it upon opening, you have about one month to transfer money from your UK account directly to the Thai account in pounds.

 

This should only be for money that you will be using in Thailand and want to convert little at a time based on favorable exchange rates.

 

Note that these kind of accounts have no fees as long as you take out pounds into local Thai currency at the time of your choosing.

 

Sending money back to the UK in pounds will be somewhat costly.  Read the fine print carefully.