In Febuary,i intend to transfer 15mil thb ,from my NZ bank to my Bkk bank account..for purchase of a property.

I prefer it to be shown as FTT transfer..

My main concern,is reliablity and obtaining the very best excahange rate,after fees...

Transferwise seems to give the best rates,but fees are feely hefty..

Im not so worried about the 2mil thb per transaction limit.

I just need the best possible rates..

Any sensible advise appreciated.

 

I think you will find for larger amounts the bank works out better, the higher transferwise exchange rates and total fees are offset by a single $20-30 fixed charge from your NZ bank and marginally lower exchange rates.. I presume you are aware to send $NZ and BKK bank does the exchange, not your NZ bank..

 

You can keep an eye on the BKK bank TT rates here, changes a couple of times each day.

https://www.bangkokbank.com/en/Personal/Other-Services/View-Rates/Foreign-Exchange-Rates#

 

Doing it in one transfer will insure you get a known rate, splitting it up with transferwise you may get varying rates etc. Bank transfer will always show as an FTT

 

Nowadays, if both banks are open (morning in Thailand) usually the transfers are almost instant, if you are with a major bank.