Your Money on Time, Every Time

 

 

DeeMoney launches DeeNEXT; a guaranteed next working day account credit service to the UK, US, EU, Australia and many more countries!

 

DeeMoney’s mission has always been to solve the small financial problems that the big financial players completely neglect or disregard. Our team believes in maximising potential within existing opportunities.  Since 2018, DeeMoney has been innovating the way our users move money in and out of Thailand by providing fast, convenient and inclusive methods for cross border payments and remittances.

 

DeeMoney first disrupted the financial services market by delivering Thailand’s first international money transfer app.  Our app provides DeeMoney members with a never-before possible method of convenience for sending money from Thailand to the rest of the world. Not only that, but DeeMoney also introduced an industry-first flat transfer fee too.  Thereby, totally cutting through the existing complicated tiered-fee structure previously available in the market. Finally, we also revolutionized the application process with a one-time, one-document registration—eliminating all the hassle of bureaucratic paperwork requirements typically synonymous with financial services.

 

At the core of our commitment to innovation is the belief that all benefits—whether in the form of greater savings, increased convenience or other advantages—must be passed on to our customers.

 

DeeMoney is now proud to announce the launch of DeeNEXT; a new transfer service with a guaranteed next working day delivery time. We want to make sure people’s bills, investments, and the well-being of their families are taken care of quickly and efficiently. DeeNEXT assures a delivery time of next working day bank account credit—with the exceptions of weekends and public holidays.

 

The service will launch for 28 countries across the world, which includes: Australia, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, the United Kingdom, and the United States. As well, for the first time ever, we are now also supporting international money transferring to European Union countries including Germany, France, Italy, Spain, Portugal, Austria, Finland, Ireland, Greece, Belgium, the Netherlands, Slovenia, Slovakia, Estonia, Latvia, Lithuania, Cyprus, San Marino, and Monaco.

 

The DeeNEXT service is priced at a flat fee of 250 baht with a 50% discount from January 23rd 2020 to April 30th  2020—making the effective price a reduced 125 THB for every transfer during the three-month promotional period. The DeeNEXT service to all the above countries are available immediately on the DeeMoney App on both iOS and Android.

 

The DeeNEXT service guarantees a delivery of next working day to all banks in the receiving countries with a minimum transfer amount of 1000 baht to a maximum of 800,000 baht per day.  To view our aggressive exchange rates, follow us on FB: DeeMoney TH or check out our website www.deemoney.com

 

Experience DeeNEXT today, and enjoy a free transfer on us! Free Promo Code: DMNEXT

 

Learn more about DeeNEXT at www.deemoney.com/deenext

 

Great ! Introduced just after I do( early this week ) a sizable international transfer on app for B150 + VAT to arrive in "3 to 5" working days! With the receiving bank not working on weekends, this will end up close to a week! Next week !

Not impressed !

I did not realise that Scotland had suddenly gained independence and it's own currency as this site shows a TX for;  

United Kingdom ( GBP ) 39.80  

Scotland           ( SCO ) 38.50.

 

How the hell do they justify/work that out?

 

PS; I cannot see (not that I have tried very hard) how you bring money into Thailand from UK/SCO with this company!

Edited January 23, 20206 yr by scottiejohn

1 hour ago, scottiejohn said:

PS; I cannot see (not that I have tried very hard) how you bring money into Thailand from UK/SCO with this company!

From the article - 

Quote

we are now also supporting international money transferring to 

My understanding is they have only ever been for transfers out of Thailand.

1 hour ago, scottiejohn said:

I did not realise that Scotland had suddenly gained independence and it's own currency as this site shows a TX for;  

United Kingdom ( GBP ) 39.80  

Scotland           ( SCO ) 38.50.

 

How the hell do they justify/work that out?

 

PS; I cannot see (not that I have tried very hard) how you bring money into Thailand from UK/SCO with this company!

Hi Scottie, thanks for pointing that out, we are fixing it immediately!

 

As for transfers from the UK INTO Thailand. That is currently not possible with us. DeeMoney specializes in transfers FROM Thailand to the world.

13 hours ago, ThaivisaSales said:

Since 2018, DeeMoney has been innovating the way our users move money in and out of Thailand

This says "in and out of Thailand"

 

4 hours ago, DeeMoney said:

As for transfers from the UK INTO Thailand. That is currently not possible with us. DeeMoney specializes in transfers FROM Thailand to the world.

Please explain, as your blurb is misleading. 

5 hours ago, DeeMoney said:

Hi Scottie, thanks for pointing that out, we are fixing it immediately!

What are you fixing? 

 

If you do not know that Scotland does not have a separate currency to ALL of the UK how can anyone trust any of your exchange rates. 

 

If you had quoted the GBP(UK)/SCO at the same rates I could have accepted that as a "local" translation error!  But to quote different rates for GBP(UK)/SCO when there is no such difference in currency begs the question of how you quote any of your rates.

 

Please explain how you made the differential quotes and convince me, and I now suspect a few others, of your financial credibility.

Edited January 23, 20206 yr by scottiejohn

10 hours ago, scottiejohn said:

What are you fixing? 

 

If you do not know that Scotland does not have a separate currency to ALL of the UK how can anyone trust any of your exchange rates. 

 

If you had quoted the GBP(UK)/SCO at the same rates I could have accepted that as a "local" translation error!  But to quote different rates for GBP(UK)/SCO when there is no such difference in currency begs the question of how you quote any of your rates.

 

Please explain how you made the differential quotes and convince me, and I now suspect a few others, of your financial credibility.

Sorry, yesterday I was under the impression that the same GBP used in England is the same GBP used in Scotland. 

 

However, the 'Money Exchange' information as you see on our website is controlled by a central database that is automatically updated as per Superrich's rates (these rates are different than the ones you see on our main page, app, and social media posts). The rates on "Money Exchange" tab on our website are rates for our over-the-counter money exchange services at Soi 8 Sukumvit.

 

The difference between the two currencies is that the legal tenders have different images, this causes the demand and supply to be different. As such, we have to offer different rates for GBP notes used in England and GBP notes used in Scotland.

 

Please view below image for reference.

 

 

As for financial credibility, DeeMoney is the only non-bank institution licensed by the Bank of Thailand to provide money transfer services and money exchange services. The other non-bank institutions that operate in Thailand are partnered with local banks.

 

Edited January 24, 20206 yr by DeeMoney

4 hours ago, DeeMoney said:

The rates on "Money Exchange" tab on our website are rates for our over-the-counter money exchange services at Soi 8 Sukumvit

If you were talking about exchanging physical (SCO) GBP notes inside Thailand I could agree with you but you are not doing that!  

You are advertising a Thai Bank To UK bank service, not an "over the counter" exchange in Thailand. 

You are transferring Electronic GBP not physical notes.  The face value of the notes is identical whither they are local Scottish bank issue or BofE issue. You are still clearing through the London clearing houses and NOT exchanging physical notes. There should be no difference in the rates for electronic transfers. 

3 hours ago, scottiejohn said:

If you were talking about exchanging physical (SCO) GBP notes inside Thailand I could agree with you but you are not doing that!  

You are advertising a Thai Bank To UK bank service, not an "over the counter" exchange in Thailand. 

You are transferring Electronic GBP not physical notes.  The face value of the notes is identical whither they are local Scottish bank issue or BofE issue. You are still clearing through the London clearing houses and NOT exchanging physical notes. There should be no difference in the rates for electronic transfers. 

The Money Exchange service is completely separated from our Money Transfer services. We do both. The Money Exchange service is specifically for our Superrich counter at our Sukumvit Soi 8 branch near BTS Nana.

 

The GBP rates you see on the "Transfer money to the UK" page are rates for money transfers through the DeeMoney app, website, and branch transfers (the counter inside the branch, that is next to our Superrich counter).

On 1/23/2020 at 6:16 PM, DeeMoney said:

As for transfers from the UK INTO Thailand. That is currently not possible with us. DeeMoney specializes in transfers FROM Thailand to the world.

WHY ??

If you are going to do transfers don’t you think you should do it properly both ways?

There was me thinking that at long last here was a company that was trying to help and and not Wip us Uff as most do and then you contradict your own blurb.

On 1/26/2020 at 12:46 AM, Janner1 said:

WHY ??

If you are going to do transfers don’t you think you should do it properly both ways?

There was me thinking that at long last here was a company that was trying to help and and not Wip us Uff as most do and then you contradict your own blurb.

Early on, we focused our resources on developing ourselves to accommodate transfers from Thailand to other countries.

 

This was not only because in markets such as Europe, Transferwise simply dominates the landscape, but also because there was a high demand in transfers from Thailand because the license required to perform such transactions legally is extremely difficult to obtain.

 

Which is why DeeMoney is the still the only non-bank entity in Thailand with the license, the other non-bank competitor(s) simply partners with local banks.

 

Since we were able to satisfy the demand, it has allowed us to strive. Thus, transfers from the world INTO Thailand, is not far off at this point.

On 1/26/2020 at 12:46 AM, Janner1 said:

WHY ??

If you are going to do transfers don’t you think you should do it properly both ways?

There was me thinking that at long last here was a company that was trying to help and and not Wip us Uff as most do and then you contradict your own blurb.

Are you going to ask the same question to Transferwise as they are a one-way transfer service between the UK and Thailand?  Transferwise can transfer from UK to Thailand but not Thailand to UK...in fact, Transferwise can not transfer out of Thailand to any country.

Very good news, I have to say though that going into your branch near Suk Soi 8 the staff seem surprised when somebody tries to communicate in English!

4 hours ago, Orton Rd said:

Very good news, I have to say though that going into your branch near Suk Soi 8 the staff seem surprised when somebody tries to communicate in English!

All our staff are trained to communicate efficiently in English and most of our customers are not Thai. Perhaps they were struck by how good you looked ????

So transferring THB 1 mm:

 

- Deemoney would give me EUR 29,291.15 (minus THB 125-250 fees) the next working 

- Bangkok Bank would give me EUR 29,359.95 (minus c. THB 2,000 fees) during the next 2-5 working days

- Official exchange rate for reference is EUR 29,527.92
 

If that’s correct, the benefit of the faster (and maybe easier) transfer would cost me c. EUR 18. 

19 minutes ago, DeeMoney said:

All our staff are trained to communicate efficiently in English and most of our customers are not Thai. Perhaps they were struck by how good you looked ????

No they were bemused by me asking for an application form, not that they seemed any worse than bank staff

On 1/23/2020 at 11:25 PM, scottiejohn said:

What are you fixing? 

 

If you do not know that Scotland does not have a separate currency to ALL of the UK how can anyone trust any of your exchange rates. 

 

If you had quoted the GBP(UK)/SCO at the same rates I could have accepted that as a "local" translation error!  But to quote different rates for GBP(UK)/SCO when there is no such difference in currency begs the question of how you quote any of your rates.

 

Please explain how you made the differential quotes and convince me, and I now suspect a few others, of your financial credibility.

Wow you definitely got out of bed the wrong way on the 23rd...there is finally a company that has some permissions to make it easier for transfers OUT of Thailand.

So give them a break and be nice with your suggestions (which they actually reply to--kudos to them).

7 minutes ago, thainet said:

Wow you definitely got out of bed the wrong way on the 23rd...there is finally a company that has some permissions to make it easier for transfers OUT of Thailand.

So give them a break and be nice with your suggestions (which they actually reply to--kudos to them).

I would suggest that you have got out of bed the wrong way today. I did NOT get out of bed the wrong way on the 23rd.

My comments have all been based on what they have written, advertised or provided links to in their posts

Why should a company advertising their products in a misleading or confusing way get any kudos or breaks?  They should have got it right the first time.

The two major points I made were that Scotland does not have it's own currency, it is the GBP the same as the rest of the UK and in the first paragraph of their sales blurb they say they transfer money in and out.  They now claim they don't transfer out.

 

 

59 minutes ago, scottiejohn said:

I would suggest that you have got out of bed the wrong way today. I did NOT get out of bed the wrong way on the 23rd.

My comments have all been based on what they have written, advertised or provided links to in their posts

Why should a company advertising their products in a misleading or confusing way get any kudos or breaks?  They should have got it right the first time.

The two major points I made were that Scotland does not have it's own currency, it is the GBP the same as the rest of the UK and in the first paragraph of their sales blurb they say they transfer money in and out.  They now claim they don't transfer out.

 

 

The mention about moving money in and out Thailand is a slight reference to our ability to receive money transferred from Cambodia.

17 minutes ago, DeeMoney said:

The mention about moving money in and out Thailand is a slight reference to our ability to receive money transferred from Cambodia.

This is from your company's original post on this thread.

 

"Since 2018, DeeMoney has been innovating the way our users move money in and out of Thailand by providing fast, convenient and inclusive methods for cross border payments and remittances"

 

No mention of only Cambodia in the OP! You first said "in and out", then said no "in", now you say "in" only from Cambodia. What is it?

 

I am not making up any of my comments or observations in any of my posts.  I am only quoting what I am reading on your postings/website!

 

I only visited your website because of that "in and out" comment in your original post.  In particular the "in" bit.  It was enticing but misleading!

I am only interested in the "in" aspect and can assure you that I will not be using your services until such time as you are providing an "inbound" service with clear and concise advertising and information.

 

PS;  How do you have a "slight reference" to anything without defining or quoting the actual reference?

 

 

Edited January 27, 20206 yr by scottiejohn
PS; added

“We no longer support adding direct bank accounts.” 
 

Well, thanks, but I guess it’s still easier (and, apparently, cheaper) to go to my Bangkok Bank branch. 

9 hours ago, Pib said:

Are you going to ask the same question to Transferwise as they are a one-way transfer service between the UK and Thailand?  Transferwise can transfer from UK to Thailand but not Thailand to UK...in fact, Transferwise can not transfer out of Thailand to any country.

YES, if transferwise had advertised itself in the same way I would have. But the point here was DeeMoney and as it happens they have answered my question sufficiently well enough to be able expect fulfilment of said question in the not too distant future, so well done to them, and a pity you missed the initial point

Well a low cost, fast transfer from AUD to THB (one day) alternative  to Transferwise I would welcome.  Not impressed with Transferwise shifting forward the day of depositing my account when they acknowledge receipt of my funds from Oz.

 

Looks like Deemoney will not be that service since they cannot transfer money into Thailand. Shame!

I have just done the DeeNext transfer for promotion fee of B125, and YES it was in the AUD bank in OZ the next day.

Exchange rate about 21.30.....not too bad.

This promotional (half price) fee is available for a month or two.

Check with their hotline.

Quite satisfied.

Yea, their Next Day delivery lived up to its advertising with my transfer this week to a US bank.  Only 11 hours from initiating & funding the transfer until it posted to my US bank acct.  Can't complain about that.

I gave it a try today.

Transfer to Germany took 2 hours!

 

Exchange rate:

Bangkokbank  34.69/Euro (TT selling)
Deemoney      34.56/Euro, no transfer fees

On 1/27/2020 at 9:56 AM, Orton Rd said:

Very good news, I have to say though that going into your branch near Suk Soi 8 the staff seem surprised when somebody tries to communicate in English!

Not my experience at all, their English was more than adequate when I registered there and I didn't notice any signs of surprise either.

1 minute ago, Caldera said:

Not my experience at all, their English was more than adequate when I registered there and I didn't notice any signs of surprise either.

My visit was last Feb

On 1/23/2020 at 6:16 PM, DeeMoney said:

Hi Scottie, thanks for pointing that out, we are fixing it immediately!

 

As for transfers from the UK INTO Thailand. That is currently not possible with us. DeeMoney specializes in transfers FROM Thailand to the world.

I also miss Denmark and Sweden also a part of EU