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Wise Restriction


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Last week Wise Emailed to inform me that as of 7 Jan they were restricted to sending a maximum of Thb50000 in any one transaction to any Thai bank except Kasikorn, Siam Commercial and Bangkok Bank.

Wise customer relations could not explain why except that it was a restriction on their licence to operate in Thailand. Can anybody offer further reasons or expand on this?

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5 hours ago, RichardColeman said:

Bit pointless really if you can do infinite sendings under 50,000 thb

Not the best if your buying real estate etc.

Last time I did that the limit was something like 800k baht.

50k would be messy. 

 

This topic should be in Finance banking forum 

Edited by DrJack54
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Very Wise to keep transactions below 50k. Not sure I would risk transferring 100k at one go. That would be a months spending down the chute. I restrict my transactions so that I can follow up with another to get the FTT Immigration insist on if one slips through as a local transfer

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2 hours ago, Maybole said:

I did not see them, link please.

Banking forum here: https://aseannow.com/forum/13-jobs-economy-banking-business-investments/

 

You want links:

 

This is just 3 from the first pages of that particular forum!!

 

https://aseannow.com/topic/1246467-wise-transfer-imposes-50k-limit-to-thailand/
https://aseannow.com/topic/1246481-money-transfer-into-thailand/
https://aseannow.com/topic/1245844-wise-there’s-a-new-limit-for-thb-transfers/

 

And the MAIN one here:

 

 

Edited by MJCM
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2 minutes ago, DrJack54 said:

Must be a joke. 

Too subtle for me to see it. 

If alone and no rent and no electric and no internet and no car and no health insurance to pay. I could manage that as well! ????

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