Hello Community, I tried to find Informations about a regular Transfer of Money

from a Thai Bank to an european Bank. If I would live in Thailand, but still have to

pay sometimes in Europe for a Service or something else - how would it Be done?

 

Thanks for any Idea

 

 

MOVED to banking forum.

I think it is best to keep a European bank account. Especially for smaller amounts of money international bank transfers are expensive.

 

 

 

 

9 hours ago, Bakwan said:

Transfer of Money

from a Thai Bank to an european Bank. If I would live in Thailand,

I have always used my Thai bank to send money to my UK bank.

There is a company https://www.deemoney.com/ which I joined but have never used, there is members here that use it and find it a less expensive way.

7 hours ago, Kwasaki said:

There is a company https://www.deemoney.com/ which I joined but have never used, there is members here that use it and find it a less expensive way.

They don't offer sending Baht to Euro

Can this be done using Transferwise ?

2 hours ago, freeman01 said:

Can this be done using Transferwise ?

Transferwise cannot transfer out from Thailand to anywhere.  

hmpff, I guess this is where crypto comes to the rescue ! www.bitkub.com

6 hours ago, jackdd said:

They don't offer sending Baht to Euro

Dunno not used them but people here have unless it's been stopped, as I said I use my Thai bank to sent Baht to Uk and it's exchanged into £ sterling.

Just ask your bank branch for an Outward Remittance Application form. Mo

Try to keep an online banking account in your European home country. If you don't have a residence there anymore it is not always easy to open a new account from abroad. And it is possible to transfer money from Thailand to such an account - even through Thai banks directly. 

I was researching the same myself not long ago.  Western Union looks like a good bet; check it out at wu.com.

I have  Foreign Currency Account with Bangkok Bank with over £24k in it, which I used for my retirement extension. I am going to use the combination method next year ie Bht 50k per month from UK and Bht 200k in a Fixed Rate Deposit Account, so I need to send around £16k back to UK. Bkk Bank says it is no problem.

11 hours ago, Kwasaki said:

Dunno not used them but people here have unless it's been stopped, as I said I use my Thai bank to sent Baht to Uk and it's exchanged into £ sterling.

Possible now only for certain countries - not US or UK for example. It was but they have had issues.......

See last page of posts here -

 

My bank (Kasikorn) tell me as long as the money has been transferred into Thailand electronically then no problem transferring back out.

But if you brought cash into Thailand and paid it into a bank then no way to transfer out .  

As long as its legal money and you name who its going too and what exactly it is for . I cannot see any issues!

1 hour ago, pjuk said:

My bank (Kasikorn) tell me as long as the money has been transferred into Thailand electronically then no problem transferring back out.

But if you brought cash into Thailand and paid it into a bank then no way to transfer out .  

Then talk to a Bangkok Bank branch. I did money transfers myself already and there is no problem. There are amount limits when transfers need to be reported. But they are pretty high. I forgot the amount so please ask the Bangkok Bank if you are interested. And if an employee tells you garbage then better ask the manager. 

the problem with the banks is the awful rate they give you, on top of the fees you lose a lot at the end.

I would be surprise if the Thai banks behave differently in this regards.

 

Edited December 16, 20196 yr by freeman01

4 hours ago, wgdanson said:

I have  Foreign Currency Account with Bangkok Bank with over £24k in it, which I used for my retirement extension. I am going to use the combination method next year ie Bht 50k per month from UK and Bht 200k in a Fixed Rate Deposit Account, so I need to send around £16k back to UK. Bkk Bank says it is no problem.

Not a problem until you try to do it. ????????????. Mugs 

My bank (Bangkok Bank) refuses to set up my ability to transfer money back to my bank in America because I am on a retirement visa. They told me I have to request for them (the bank) to do it. This doesn't sound right to me because it's my money. What can I do?

Thanks a lot for all your Postings

 

Cheers

On 12/15/2019 at 3:24 PM, jackdd said:

They don't offer sending Baht to Euro

Finally!

Just read the advert about Deemoney now being able to transfer to a number of Euro countries.

https://forum.thaivisa.com/topic/1144687-deemoney-launches-deenext-a-guaranteed-next-working-day-money-transfer-service-to-28-countries/

(thread is closed for discussion)

On 12/14/2019 at 10:20 PM, Bakwan said:

If I would live in Thailand, but still have to

pay sometimes in Europe for a Service or something else - how would it Be done?

For the original request I would agree to keep an account in home country with internet access.