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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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15 hours ago, The Hammer2021 said:

Check the other four threads  on this  subject

I did not see them, link please.

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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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13 hours ago, RichardColeman said:

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

It's Thai logic. They wouldn't have thought of that, and if you can use three alternative banks what is the point anyway?

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1 hour ago, chilly07 said:

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 need about four months to get through 100k. And I live very comfortably on that. I win 🙂

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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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26 minutes ago, Bangkok Barry said:

I need about four months to get through 100k. And I live very comfortably on that

Must be a joke. 

Too subtle for me to see it. 

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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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Just now, MJCM said:

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! 😉

Clearly no booze. For that matter "wine women and song"

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