Transferwise

[elgenon]

I want to send money to a couple of Thai friends that I've known for years. I haven't sent money to Thailand in many years and, from what I can gather on this site, Transferwise is the best way to send about $100. Yes, I know what I am doing and am not crazy. Well, maybe a little. But that's needed in today's world.

 

I am asking because I would imagine things may have changed with the Covid thing. Up-to-date instructions and tips would be appreciated.

 

What do they need to do to get the money? What do they need to tell me?

 

Kawp khun krup.

[norfolkandchance]

Going on ‘Wise’ website might be a good start.

[Ohyesuare]

Just need the name on their bank account and the number.

[Chris.B]

For the small amount mentioned, Western Union would be appropriate.

 

 

[Stocky]

16 minutes ago, Ohyesuare said:

Just need the name on their bank account and the number.

Plus the name of the bank!

[KhunBENQ]

47 minutes ago, elgenon said:

from what I can gather on this site, Transferwise is the best way

Sounds like you don't have a Transferwise account yet.

And that is the first job to do. Setup an account.

Do you plan to use it repeatedly in the future?

Otherwise I might be questionable to go through account setup (load up ID, proof of address) just for a single use of $100.

 

[Cake Monster]

18 minutes ago, Stocky said:

Plus the name of the bank!

First you need to open a Wise Account.

For this they need to verify your Identity with Passport Etc

The full procedures are on the " Wise " Website.

[elgenon]

19 hours ago, norfolkandchance said:

Going on ‘Wise’ website might be a good start.

I have read some good tips in the past so I am asking. Thanks for the reply. Do you agree with the other poster that Western Union would be more appropriate?

[elgenon]

19 hours ago, Stocky said:

Plus the name of the bank!

Thanks. Do you agree Western Union would be more appropriate?

[elgenon]

18 hours ago, KhunBENQ said:

Sounds like you don't have a Transferwise account yet.

And that is the first job to do. Setup an account.

Do you plan to use it repeatedly in the future?

Otherwise I might be questionable to go through account setup (load up ID, proof of address) just for a single use of $100.

 

Thanks for the knowledge. What is the best way for a single use?

[elgenon]

I should ask everyone for their idea of the best way to send $100 each to two people.

 

Thanks for the insight.

[Stocky]

4 hours ago, elgenon said:

Thanks. Do you agree Western Union would be more appropriate?

I've never used Western Union so can't comment. I'm happy with Wise which I use for all international transfers and foreign payments. But if you only need to do a couple of one off payments the need to create an account and confirm ID with Wise may be more than you wish to do.

[norfolkandchance]

4 hours ago, elgenon said:

I have read some good tips in the past so I am asking. Thanks for the reply. Do you agree with the other poster that Western Union would be more appropriate?

I have never used Western Union. I use wise for all transfers. Large or small.

[elgenon]

20 hours ago, Stocky said:

I've never used Western Union so can't comment. I'm happy with Wise which I use for all international transfers and foreign payments. But if you only need to do a couple of one off payments the need to create an account and confirm ID with Wise may be more than you wish to do.

Thanks. Having never done this before comments by others who have are very helpful.

[elgenon]

20 hours ago, norfolkandchance said:

I have never used Western Union. I use wise for all transfers. Large or small.

Thanks.

[elgenon]

Where do Thais pick up money sent to them via Western Union if I choose the cash option? 7-11? or?

[MJCM]

14 minutes ago, elgenon said:

Where do Thais pick up money sent to them via Western Union if I choose the cash option? 7-11? or?

Sincerely doubt that 7/11 offers western union, but places like KTB Bank, Bangkok Bank or Thailand Post offices do

 

Check here: https://www.westernunion.com/th/en/find-locations.html

[KhunLA]

1 hour ago, elgenon said:

Where do Thais pick up money sent to them via Western Union if I choose the cash option? 7-11? or?

Isn't WU like the most expensive & inconvenient way to send money.  2022 ... just send to their bank account.  

[Dante99]

On 1/29/2022 at 6:31 AM, elgenon said:

I should ask everyone for their idea of the best way to send $100 each to two people.

 

Thanks for the insight.

just fold it up in a note and mail it, registered if you want added security

 

 

[lkn]

Go with Wise: I don’t think they will do full account verification if you only send $100 once, at least that was the experience of both myself and a friend, when we first used it.

 

But account verification is taking a photo and a selfie or so, and then waiting a few hours, not that hard.

[Chivas]

On 1/30/2022 at 2:16 AM, KhunLA said:

Isn't WU like the most expensive & inconvenient way to send money.  2022 ... just send to their bank account.  

You can only walk a horse to water so many times.............

[elgenon]

On 1/29/2022 at 6:16 PM, KhunLA said:

Isn't WU like the most expensive & inconvenient way to send money.  2022 ... just send to their bank account.  

Thanks, will have to find out if they have a bank account.

 

Assuming they do , what is the best way to send a small amount?

 

Thanks

[elgenon]

On 1/29/2022 at 6:31 PM, Dante99 said:

just fold it up in a note and mail it, registered if you want added security

 

 

I had read that some people hadn't gotten their mail You think it is safe? I did that 30 years ago.

[BudRight]

On 1/30/2022 at 9:16 AM, KhunLA said:

Isn't WU like the most expensive & inconvenient way to send money.  2022 ... just send to their bank account.  

Yes. But some people have been using it a long time and there is the force of habit.

[elgenon]

On 1/29/2022 at 6:16 PM, KhunLA said:

Isn't WU like the most expensive & inconvenient way to send money.  2022 ... just send to their bank account.  

Sounds good. How do I do that? Thanks.

[KhunLA]

1 hour ago, elgenon said:

Sounds good. How do I do that? Thanks.

Depends on your bank.  Mine, I just request to wire on line, and they transfer to where ever, and it's free.

[elgenon]

23 minutes ago, KhunLA said:

Depends on your bank.  Mine, I just request to wire on line, and they transfer to where ever, and it's free.

What is your bank?

[KhunBENQ]

31 minutes ago, KhunLA said:

 

(wrong quote)

Just did a check about Western Union with their website.

Sending 2000 Euro would result in 71092 Baht.

If I would send 2000 Euro with TW it would result in 73111 Baht.

2000 Baht lost with cr*p rate. One Baht less per Euro 

 

WU only if there is no other option.

[KhunBENQ]

30 minutes ago, KhunLA said:

Depends on your bank.  Mine, I just request to wire on line, and they transfer to where ever, and it's free.

Free at your bank? Even if in this case they will hide cost with a bad rate or some intermediate banks grabbing money 

[elgenon]

5 minutes ago, KhunBENQ said:

(wrong quote)

Just did a check about Western Union with their website.

Sending 2000 Euro would result in 71092 Baht.

If I would send 2000 Euro with TW it would result in 73111 Baht.

2000 Baht list with cr*p rate. One Baht less per Euro 

 

WU only if there is no other option.

Is that true with a small amount like $60-100 also? Thanks