I will be transferring 20,000 GBP to my account here in Thailand soon. How long does verification take ?

from which bank to which bank by what ??? bank transfer ??  ......  difficult to answer with no info ..

Bank to Bank a few days. Using a money transfer service a day or two. Depending on the time of day you initiate the transfer. If you can send as GBP and let the Thai bank convert to Baht you will get a better rate.

Couple of days at the most. 

Transferwise........anything from 2 to 24 hours.

 

16 minutes ago, CharlieK said:

Bank to Bank a few days. Using a money transfer service a day or two. Depending on the time of day you initiate the transfer. If you can send as GBP and let the Thai bank convert to Baht you will get a better rate.

Check Transferwise's and Bangkok Bank's rates.

I know which I would use. T'wise.

Edited February 12, 20206 yr by stouricks

Western Union .. 5 minutes,  Bank to Bank 1-2 days usually ,  Transferwise 1- 1 1/2 days usually.

 

It would help if you provided more info .....

saved hundreds in the past year using transferwise over the Banks

4 minutes ago, steven100 said:

It would help if you provided more info .....

Like your bank account number, sort code, PIN, password......etc. 555

I was under the impression that money over a certain figure had to have 'government' verification to check for money laundering etc !!?

2 minutes ago, Humpy said:

I was under the impression that money over a certain figure had to have 'government' verification to check for money laundering etc !!?

Not verification - the financial company  (bank, Transferwise etc.) has to report the transactions and the name of the parties to the money laundering authority in the country that initiates the transaction for amounts over a certain value - typically the equivalent of 10,000 dollars (varies by country). Similarly you have to report similar amounts to the authorities if you take it in cash out of the country you are leaving

....but how long does one have to wait for the verification ? .....one week , 2 weeks before I see it in my account ? ...many thanks .