giddyup Posted June 29, 2019 Share Posted June 29, 2019 (edited) 2 hours ago, Mister T said: I got an email from ANZ months ago telling me that amounts 10k and over were fee free transfers. AFAIK $10,000 is the max I can transfer online at one time and there is a $27 (I'm wrong, it's actually $24) fee for that. Maybe if you transfer the money in person from a bank in Australia you can transfer more. BTW, those "free" transfers are only if you transfer in the receiving country's currency, and do you know what a rip-off that is? Edited June 29, 2019 by giddyup Link to comment Share on other sites More sharing options...
Thingamabob Posted June 29, 2019 Share Posted June 29, 2019 59 minutes ago, ubonjoe said: Yes if they have been on continuous extensions of stay since October of 1998 and were 55 to 60 years old then. Many thanks Ubonjoe. Link to comment Share on other sites More sharing options...
OzMan Posted June 29, 2019 Author Share Posted June 29, 2019 5 hours ago, giddyup said: $1000 in fees to transfer $40,000? I transfer $10,000 regularly for living expenses, the ANZ charges me $27 for that, so four times as much shouldn't be more than $100 max. So where do you get $1000? If I TT $40k to SCB they will give me an exchange rate of 21.03. If I take $40k cash to Super Rich I will get an exchange rate of 21.4. Taking cash to Super Rich rather than TT to SCB will save me 14,800 baht. This is a saving of $691.59AUD, not $1,000 as I initially stated. I used tonight's exchange rates published online. 1 Link to comment Share on other sites More sharing options...
DrJack54 Posted June 29, 2019 Share Posted June 29, 2019 8 minutes ago, OzMan said: If I TT $40k to SCB they will give me an exchange rate of 21.03. If I take $40k cash to Super Rich I will get an exchange rate of 21.4. Taking cash to Super Rich rather than TT to SCB will save me 14,800 baht. This is a saving of $691.59AUD, not $1,000 as I initially stated. I used tonight's exchange rates published online. Ozman...as I have stated few times in this thread. Its a no brainer... I make couple trips a yr to au. Brief visits. The bonus is I bring back 35k aud each time and visit superrich green. Know all about transferwise, OFX etc and the clown banks. Show me the green! 1 Link to comment Share on other sites More sharing options...
Robins Posted June 30, 2019 Share Posted June 30, 2019 22 hours ago, DrJack54 said: That's exactly what I do. When you say retirement visa do you O-A? If so the money can remain in au bank. If non O visa based on retirement..that is a 90 day visa and you apply for you 12 month extension based on retirement. If non o is applied for outside of Thailand no need to show where money came from. If a conversion from say a tourist visa to non o is done inside los you will need to show money came from abroad. You don't need to show where it came from here either, the 800 k balance is all they look at. It's bureaucratic horror stories like that which have made this change worse than it needed to be. Link to comment Share on other sites More sharing options...
Tomahawk21 Posted June 30, 2019 Share Posted June 30, 2019 23 hours ago, Pilotman said: If you can possibly put off doing that now, it would be very sensible. The baht is unrealistically strong and any transfer from another country is going to result in the lowest rate for many years. Wait a while if you can until and if the rate improves in the shorter term. maybe open up a ozzy dollar account for the visa money 2 Link to comment Share on other sites More sharing options...
MikeN Posted June 30, 2019 Share Posted June 30, 2019 How is it going to cost $1000 for a wire transfer ? Westpac charges me $5 for up to $AU 10000, so four transfers would only cost twenty dollars. Link to comment Share on other sites More sharing options...
JESSVANPELT Posted June 30, 2019 Share Posted June 30, 2019 Do not use your bank to transfer money to Thbnakland they create there own rates, there are many series available that charge much less. Do your research Link to comment Share on other sites More sharing options...
Yme Posted June 30, 2019 Share Posted June 30, 2019 You'll need to make a currency declaration departing Australia and arriving in Thailand (or any other country you pass through) if bringing cash. Failure to declare risks total loss and criminal prosecution if caught. Be aware, they may insist on counting it. There's much better ways to send money from Australia without the ridiculous bank fees and at much better than bank rates. You might also have trouble changing and attempting to deposit such an amount in cash. Link to comment Share on other sites More sharing options...
DrJack54 Posted June 30, 2019 Share Posted June 30, 2019 55 minutes ago, Yme said: You'll need to make a currency declaration departing Australia and arriving in Thailand (or any other country you pass through) if bringing cash. Failure to declare risks total loss and criminal prosecution if caught. Be aware, they may insist on counting it. There's much better ways to send money from Australia without the ridiculous bank fees and at much better than bank rates. You might also have trouble changing and attempting to deposit such an amount in cash. First of all the dec from au has no consequence. Its not forwarded to ATO etc. Since changes at some airports like Melbourne they are now electronic and departure card on reverse side tick more than 10k aud is placed in perspex drop box. Just skip it. As for arrival to Thailand. There is no limit on foreign currency. But amounts over 20kusd must be declared. Note in another thread someone picked me up on this and stated signs at airports los stating limit 15k USD. I fly every week haven't seen them DM. In any event declare if you wish. As for trouble depositing into Thai bank, I have done 800k baht many times. Never a raised eyebrow. I take it straight from superrich green. As "for much better ways to transfer" please outline. I have an account with OFX. Same type company as transferwise. I use them as last resort. I just did quote for 20k aud. Rate is well below superrich. As for banks ...well that's giving money away. 1 Link to comment Share on other sites More sharing options...
brianthainess Posted July 1, 2019 Share Posted July 1, 2019 On 6/29/2019 at 8:42 AM, Olmate said: Why not get in Oz? You would get a bad rate. 1 Link to comment Share on other sites More sharing options...
brianthainess Posted July 1, 2019 Share Posted July 1, 2019 On 6/29/2019 at 5:33 PM, giddyup said: AFAIK $10,000 is the max I can transfer online at one time and there is a $27 (I'm wrong, it's actually $24) fee for that. Maybe if you transfer the money in person from a bank in Australia you can transfer more. BTW, those "free" transfers are only if you transfer in the receiving country's currency, and do you know what a rip-off that is? You can transfer by phone much more than that at the same cost. 1 Link to comment Share on other sites More sharing options...
brianthainess Posted July 1, 2019 Share Posted July 1, 2019 On 6/29/2019 at 5:33 PM, giddyup said: I got an email from ANZ months ago telling me that amounts 10k and over were fee free transfers. If they use their exchange rate. Link to comment Share on other sites More sharing options...
brianthainess Posted July 1, 2019 Share Posted July 1, 2019 On 6/29/2019 at 8:42 AM, Olmate said: Why not get in Oz? Err exchange rates ! Link to comment Share on other sites More sharing options...
ubonjoe Posted July 1, 2019 Share Posted July 1, 2019 On 6/29/2019 at 8:42 AM, Olmate said: Why not get in Oz? 16 minutes ago, brianthainess said: Err exchange rates ! I think he meant he should apply for a OA long stay visa which allows the the funds to stay in a bank in a Australian bank. Link to comment Share on other sites More sharing options...
Olmate Posted July 1, 2019 Share Posted July 1, 2019 1 hour ago, brianthainess said: Err exchange rates ! The visa I meant, no exchange rate as money stays at home Link to comment Share on other sites More sharing options...
Olmate Posted July 1, 2019 Share Posted July 1, 2019 1 hour ago, brianthainess said: You would get a bad rate. Get the visa in Oz, no money leaves your home bank Link to comment Share on other sites More sharing options...
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