Humpy Posted February 12, 2020 Share Posted February 12, 2020 I will be transferring 20,000 GBP to my account here in Thailand soon. How long does verification take ? Link to comment Share on other sites More sharing options...
steven100 Posted February 12, 2020 Share Posted February 12, 2020 from which bank to which bank by what ??? bank transfer ?? ...... difficult to answer with no info .. 1 Link to comment Share on other sites More sharing options...
CharlieK Posted February 12, 2020 Share Posted February 12, 2020 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. Link to comment Share on other sites More sharing options...
Surelynot Posted February 12, 2020 Share Posted February 12, 2020 Couple of days at the most. Link to comment Share on other sites More sharing options...
stouricks Posted February 12, 2020 Share Posted February 12, 2020 Transferwise........anything from 2 to 24 hours. 2 Link to comment Share on other sites More sharing options...
Popular Post stouricks Posted February 12, 2020 Popular Post Share Posted February 12, 2020 (edited) 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, 2020 by stouricks 3 Link to comment Share on other sites More sharing options...
steven100 Posted February 12, 2020 Share Posted February 12, 2020 Western Union .. 5 minutes, Bank to Bank 1-2 days usually , Transferwise 1- 1 1/2 days usually. Link to comment Share on other sites More sharing options...
steven100 Posted February 12, 2020 Share Posted February 12, 2020 It would help if you provided more info ..... Link to comment Share on other sites More sharing options...
Orton Rd Posted February 12, 2020 Share Posted February 12, 2020 saved hundreds in the past year using transferwise over the Banks 2 Link to comment Share on other sites More sharing options...
stouricks Posted February 12, 2020 Share Posted February 12, 2020 4 minutes ago, steven100 said: It would help if you provided more info ..... Like your bank account number, sort code, PIN, password......etc. 555 1 Link to comment Share on other sites More sharing options...
Humpy Posted February 13, 2020 Author Share Posted February 13, 2020 I was under the impression that money over a certain figure had to have 'government' verification to check for money laundering etc !!? Link to comment Share on other sites More sharing options...
ThaiBunny Posted February 13, 2020 Share Posted February 13, 2020 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 1 Link to comment Share on other sites More sharing options...
Humpy Posted February 13, 2020 Author Share Posted February 13, 2020 ....but how long does one have to wait for the verification ? .....one week , 2 weeks before I see it in my account ? ...many thanks . Link to comment Share on other sites More sharing options...
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