Transferwise

[MJCM]

3 minutes ago, ozfarang said:

I think Dr Jack54 is sending money from Australia not EUROPE

It is a screenshot from Wise as illustration purpose!! And that screenshot is when you add a Receipient (Dr Jack will see AUD of course)

 

[cliveshep]

I use Wise (formerly Transferwise) regularly. They are cheap and what's more mostly incredibly fast., sometimes a matter of seconds, to reach  my Bangkok Bank account or the accounts of wife and sister-in-laws. It is also far far cheaper than other options plus you can sign in with Google or Facebook apparently.

They need your mobile phone number and text you a verification code you enter in on the screen ands that is it and even that is only because of EU rules as they never used to do that. I don't recall needing a passport or anything like that but they do need to verify your bank account which they do by debiting a very small sum they give back to you. They need your bank account details - using internet banking is de rigeur of course - and then the name, bank and branch address, sort code, account number, and recipient's name.

 

From then on transfers are so simple, log on is easy needing only to save log on details, and have mobile phone handy to enter the texted code. It saves me one and a half months pension amount yearly and that is serious money for us.

[OJAS]

33 minutes ago, cliveshep said:

They need your mobile phone number and text you a verification code you enter in on the screen ands that is it and even that is only because of EU rules as they never used to do that.

Thank goodness for Brexit is all I can say since I've never been subject to this procedure in the case of my Wise transfers from the UK (most recently as last week)!????

 

[DrJack54]

Thank you to all the helpful replies.

So I did two transfer using Wise.

As some suggested I just needed my account # and name of bank..

 

Afterwards checked OFX .

Wise better by approx 7500 baht per transfer

Edited February 21, 2022 by DrJack54

[MJCM]

1 hour ago, cliveshep said:

They need your mobile phone number and text you a verification code you enter in on the screen ands that is it and even that is only because of EU rules as they never used to do that.

That is a security feature called 2FA (2 Factor Authentication) and NO that is nothing to do with EU rules (you can't blame the EU for everything ???? )

 

Read more about 2FA here

 

Ps: Also Google and other Sites are doing that (2FA that is)

 

https://www.csoonline.com/article/3239144/2fa-explained-how-to-enable-it-and-how-it-works.html

 

and here the explanation from WISE

 

https://wise.com/help/articles/2960083/what-is-step-login?origin=related-article-2932125&id=2960083&slug=what-is-2-step-login

Edited February 21, 2022 by MJCM

[eyup]

4 hours ago, Lucky Bones said:

Seriously, is this a wind-up?

Plenty of mobs will t/f money with fair rates.

 

 

Yes but your best option for rates and costs is "Wise".  As has been discussed on multiple occasion on this forum. Especially if you transfer money on a regular basis. So forget WU and banks!

[auntyedna]

Wise told me a month ago that it can longer send more than THB 49,999 in one go to any bank except BB, SCB and Kasikorn (I use Krungsri).  Now it tells me it can't send more than Baht 200,000 in one go to Bangkok Bank.  I have tried xe.com, but it won't accept Thailand as country of residence.  They say banking regs have changed.  Can anyone advise on this?

[scubascuba3]

3 minutes ago, auntyedna said:

Wise told me a month ago that it can longer send more than THB 49,999 in one go to any bank except BB, SCB and Kasikorn (I use Krungsri).  Now it tells me it can't send more than Baht 200,000 in one go to Bangkok Bank.  I have tried xe.com, but it won't accept Thailand as country of residence.  They say banking regs have changed.  Can anyone advise on this?

Double check on the 200k limit I've not seen that reported elsewhere. If it is a new limit send multiple transfers under that amount, fees in total will be almost the same

Edited February 21, 2022 by scubascuba3

[EricTh]

On 1/29/2022 at 6:25 AM, 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?

No, Western Union gives very poor exchange rate and will cost you more.

 

Use Wise or Instrarem with much better exchange rate.

 

I am sure this isn't a one-off thing and you can use your Wise/Instarem account sometimes in the future.

 

The Wise/Instarem account can remain inactive for a few years without any charge.

 

Edited February 21, 2022 by EricTh

[EricTh]

21 minutes ago, auntyedna said:

Wise told me a month ago that it can longer send more than THB 49,999 in one go to any bank except BB, SCB and Kasikorn (I use Krungsri).  Now it tells me it can't send more than Baht 200,000 in one go to Bangkok Bank.  I have tried xe.com, but it won't accept Thailand as country of residence.  They say banking regs have changed.  Can anyone advise on this?

 

You can either open up another bank account like SCB or use Instarem.

 

Instarem doesn't cover as many countries as Wise but it does cover Australia, Singapore, Hong Kong, Malaysia, Euro Zone Countries, UK, India, Canada and the US.

 

Edited February 21, 2022 by EricTh

[OJAS]

1 hour ago, auntyedna said:

Now it tells me it can't send more than Baht 200,000 in one go to Bangkok Bank. 

Haven't experienced that issue with a number of recent transfers which have each yielded on average around 220k to my Bangkok Bank account. Are you using the bank transfer or debit card method for initiating your transfers (I use the former)?

[cliveshep]

I can confirm that when transferring a small amount today (3 seconds) there was a line stating there is a maximum of 200,000 baht daily transfer. I think it is nothing to do with Wise but is something Prayut's mates dreamed up. Perhaps it was to ensure that it is only they doing the money laundering and not you. Given the levels of corruption being exposed of late anything is possible.

 

I confess to being jaundiced about this fake democratic government - but it seems even Bangkok Post is growing a pair these days. The hard-hitting Opinion article in todays issue "Renegades bring House debate to life" lays out the extreme and corruption endemic throughout the government and  Army. 

 

So there is a limit imposed by the Government of cash transfers in for the anti-money-laundering reason and it is in the Wise "blurb" when you sign in and start a transfer.

 

[RAZZELL]

Really don't know is going on with this app.

 

Sometimes I send money in the am (around now at 7.30am) and it arrives in Thailand the same day. Other times the next day (like today) 

 

Bizarre.

 

RAZZ

[scubascuba3]

1 hour ago, RAZZELL said:

Really don't know is going on with this app.

 

Sometimes I send money in the am (around now at 7.30am) and it arrives in Thailand the same day. Other times the next day (like today) 

 

Bizarre.

 

RAZZ

the next day one, which bank? what time? what reason for transfer?

[RAZZELL]

42 minutes ago, scubascuba3 said:

the next day one, which bank? what time? what reason for transfer?

Bangkok Bank, 7.30am this morning Thai time, Funds for long term stay.

 

Last half a dozen times has transferred the same day - usually drops in my Bkk Bank account about 2.05pm.

 

RAZZ

Edited February 22, 2022 by RAZZELL

[scubascuba3]

2 minutes ago, RAZZELL said:

Bangkok Bank, 7.30am this morning Thai time, Funds for long term stay.

 

Last half a dozen times has transferred the same day - usually drops in my Bkk Bank account about 2.05pm.

 

RAZZ

should be 2pm today if Wise received before 9.30am

[RAZZELL]

12 minutes ago, scubascuba3 said:

should be 2pm today if Wise received before 9.30am

I know it should - but it isn't ????

 

RAZZ

[MJCM]

3 hours ago, RAZZELL said:

Really don't know is going on with this app.

 

Sometimes I send money in the am (around now at 7.30am) and it arrives in Thailand the same day. Other times the next day (like today) 

 

Bizarre.

 

RAZZ

Same here.

 

Transfered 100k to my SCB account yesterday in the early morning, still not arrived

 

[RAZZELL]

36 minutes ago, MJCM said:

Same here.

 

Transfered 100k to my SCB account yesterday in the early morning, still not arrived

 

Usually seems to drop about 2pm.

 

RAZZ

[ivor bigun]

The other day my daughter said that she could no longer transfer more than 50k to my bank ,so she sent 50k arrived seconds later about 10 seconds later she transfered another 50k .arrived in about 3 seconds .  

[RAZZELL]

Now saying will arrive on Thursday ????

Edited February 22, 2022 by RAZZELL

[MJCM]

20 minutes ago, RAZZELL said:

Now saying will arrive on Thursday ????

Same here. Excuse is that a lot of people are sending through Wise now.

 

Will post the screenshot of the email when I am behind a PC

[RAZZELL]

4 minutes ago, MJCM said:

Same here. Excuse is that a lot of people are sending through Wise now.

 

Will post the screenshot of the email when I am behind a PC

Same.

[treetops]

I too experienced an issue today with what would normally be a transfer made in seconds.  Again with BBL, it initally gave a time of 04:00 (GMT) or 11:00 (ICT) which was already 35 minutes later than I would have expected.  It then changed at least 5 times in this screen:

 

Before finally arriving at 09:12 (15:12) with a transfer from other bank descriptor.

 

Not the same as the longer ones above which should have the International Transfer descriptor and are known to take longer, but another indicator that something has gone awry.

[scubascuba3]

Maybe with the Ukraine invasion there's a lot of activity, not worth getting excited about.

 

People also reporting delays with BB on Facebook, again not worth getting excited about

 

 

[elgenon]

On 2/20/2022 at 5:42 PM, MJCM said:

@DrJack54

 

Question: Have you ever send money to that KSK account with Wise?

 

If not, just first send a test amount 10k THB for example.

 

Just a suggestion of course.

What's the best way to send it?

[RAZZELL]

Sent some money this morning at around 7.10am.

 

Arriving this afternoon ????‍♂️

 

RAZZ

[phetphet]

I didn't even know it was possible to send money to someone else with Wise. I thought only possible to send to one's self.

[scubascuba3]

7 minutes ago, RAZZELL said:

Sent some money this morning at around 7.10am.

 

Arriving this afternoon ????‍♂️

 

RAZZ

you're not providing enough info for the post to be useful, there are legit reasons

[RAZZELL]

1 minute ago, scubascuba3 said:

you're not providing enough info for the post to be useful, there are legit reasons

Exactly the same criteria as yesterday. UK Bank to Bangkok Bank, Funds for long-term stay in Thailand. 20 minutes earlier and higher value amount.

 

Is that enough information?

 

RAZZ