oporhatch Posted June 10, 2020 Share Posted June 10, 2020 I have always in the past sent money through a foreign payment through a UK building society to Thailand (old habits die hard !!) . But I recently thought I would potentially look at different methods , especially if they can save me some money . I have had a quick look around the internet and saw a top ten. However I was wondering what method/company all you great people out there (with far more experience than myself) use. I did look at Western Union, but that only mentioned transferring money out of Thailand, unless I misread the website. Any advice would be appreciated. regards Link to comment Share on other sites More sharing options...
phetphet Posted June 10, 2020 Share Posted June 10, 2020 (edited) I use Transferwise to do monthly transfers. https://transferwise.com/ Can do online or by phone app. Edited June 10, 2020 by phetphet 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted June 10, 2020 Share Posted June 10, 2020 I used Western Union recently to send a £250 test to my Mrs very fast only cost £1.95 and much better rate than any bank ???? Link to comment Share on other sites More sharing options...
Raphus Posted June 10, 2020 Share Posted June 10, 2020 Yes as mentioned in another reply. Transferwise is a good option. Link to comment Share on other sites More sharing options...
uncleP Posted June 10, 2020 Share Posted June 10, 2020 I recently sent a few grand over using transferwise. Western union is expensive by comparison. Link to comment Share on other sites More sharing options...
SidJames Posted June 10, 2020 Share Posted June 10, 2020 Transferwise is excellent. After commission I end up with the same rate that TT give which is the best that I have found Link to comment Share on other sites More sharing options...
JAS21 Posted June 10, 2020 Share Posted June 10, 2020 I have used TransferWise for a few years now...excellent all round. If you 'pay' before 11am your thb will normally be in your account the same day. If you use Bangkok Bank and say reason is for transfer is Long Term Stay ...the bottom reason on the list ...you should definately show FTT ie International Transfer. Link to comment Share on other sites More sharing options...
oporhatch Posted June 10, 2020 Author Share Posted June 10, 2020 Is there not a standard fee with transferwise ? UncleP what were your comparisons I would interested , as it looks like its between Transferwise and western union To be honest I have just given western union a test and I could see no fee and the rate they gave me was .50 less that what was quoted on google .................or will there be other fees I did not see ?? regards Link to comment Share on other sites More sharing options...
Upnotover Posted June 10, 2020 Share Posted June 10, 2020 Just had a quick look, sending £1000 from a UK bank account to a Thai bank account; WU, recipient gets 39618.64 THB TW, recipient gets 39580.19 THB Both cost you exactly £1000. WU no fees, TW £7 fee deducted (so sends £993) 1 Link to comment Share on other sites More sharing options...
Bob A Kneale Posted June 10, 2020 Share Posted June 10, 2020 12 minutes ago, Upnotover said: Just had a quick look, sending £1000 from a UK bank account to a Thai bank account; WU, recipient gets 39618.64 THB TW, recipient gets 39580.19 THB Both cost you exactly £1000. WU no fees, TW £7 fee deducted (so sends £993) ...and WU transfers are instant, as soon as the recipient has the control number the cash is available. Link to comment Share on other sites More sharing options...
Upnotover Posted June 10, 2020 Share Posted June 10, 2020 4 minutes ago, Bob A Kneale said: ...and WU transfers are instant, as soon as the recipient has the control number the cash is available. WU cash collect transfers (every bargirls favourite) are indeed virtually instant, but the x-rate is worse and there a fee. In this case they get 38545.72 THB and there's a £3.90 fee, £1003.90 paid. Link to comment Share on other sites More sharing options...
croftrobin Posted June 10, 2020 Share Posted June 10, 2020 (edited) Use this address and you will receive a fee free transfer for up to 500 UK pounds https://transferwise.com/invite/u/juliani Used transferwise since they started sending to Thailand and have never had a problem Edited June 10, 2020 by croftrobin edit Link to comment Share on other sites More sharing options...
oporhatch Posted June 11, 2020 Author Share Posted June 11, 2020 Thanks for your replies. I will probably be sending more than £500 and this will go straight into my wife's account. Therefore from the examples above it would suggest that WU is my best bet ?? I will have to start checking TW and WU exchange rates Thanks for everybodies input regards Link to comment Share on other sites More sharing options...
croftrobin Posted June 11, 2020 Share Posted June 11, 2020 2 hours ago, oporhatch said: Thanks for your replies. I will probably be sending more than £500 and this will go straight into my wife's account. Therefore from the examples above it would suggest that WU is my best bet ?? I will have to start checking TW and WU exchange rates Thanks for everybodies input regards If you use the link you will get the fee to 500 fee free and just pay a little on the excess you are sending https://transferwise.com/invite/u/juliani regards Link to comment Share on other sites More sharing options...
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