Best ways to remite funds back to Oz

[ezzra]

Now that Thai banks are no longer assume responsibilities for our money in their safe keeping and among other reasons,

i'm looking for the best and way to remit back big chunks of THB to AUD, meaning best institution to do it with and also

best exchange rates where possible, there are talks of the AUD in danger of going below USD 0.70 cents owing to the

bad exports of iron ore and coal climate to China, and that IMO will be good time to do such transfers...

[clivebaxter]

Dee money unless you take it out yourself on a flight, exchange rate is not so good

[wombat]

19 hours ago, clivebaxter said:

take it out yourself on a flight

As a big mofo gold chain necklace of 99.99 Thai gold 

[ezzra]

16 minutes ago, wombat said:

As a big mofo gold chain necklace of 99.99 Thai gold 

I'll be looking like Mr. T if i'm to wrap myself with all those gold chains...

[mark5335]

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Now that Thai banks are no longer assume responsibilities for our money in their safe keeping and among other reasons,

 

Not exactly, it's the government guarantee for certain bank deposits that has fallen away (gradually and transparent manner) since the GFC. You still have a bank guarantee from mostly investment grade Thai banks for your deposits, just no longer a government guarantee. The banks remain responsible for your money deposited with them. 

 

In fact, if you bank with one of the 5 'systemically important banks' in Thailand, then there is no question that the Bank of Thailand/Government would support them in a liquidity crisis.

 

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i'm looking for the best and way to remit back big chunks of THB to AUD, meaning best institution to do it with and also

If big chunk means up to 2MB, then consider Dee Money is probably your best option. The account set up is quite painless, quick and doesn't require a visit to their office. I set up an account with them early this month via online and SMS.

[orchidfan]

Deemoney was quick and convenient with often no charges for the first transfer. 

Reasonable exchange rate. Phone app.

The only thing I had to do was go to Bangkok Bank and change the daily withdrawals limit from the default. 

I did this in person (99 forms and signatures ) but it may be possible on their phone app.

Check them out.

[YT3k72Em]

Go to your bank and tell them you want to send money to Australia. They should help you do it.

[Thomastm]

I use Deemoney to transfer funds from THB to my AUS bank and use 'Wise' (Transferwise) if i need money transferred from AUS to THB.

[starky]

Im assuming ozforex will let you trade both ways no commission on trades over 10k and rates are locked once selected. You may have to check with them though