Using Wise to transfer to Siam Commercial Bank

[ripstanley]

Do not forget that Thai banks are closed on 28 and 29 of July. There will no transfers on these days Then the weekend so Monday it will arrive

[Nong Khai Man]

On 7/18/2022 at 7:57 PM, EricTh said:

The problem is that Kasikorn doesn't have a 1.5 % interest rate unlike SCB online.

 

Opening a Kasikorn account just to transfer money is a bit overkill.

So O.K. But You CANNOT Have your Cake & Eat it Can You ??

[Nong Khai Man]

On 7/18/2022 at 6:41 PM, hotandsticky said:

 

Yep. Just done one to K Bank 5.24 seconds.

I Beat Yer,My last one was " Under 5 Seconds "

[Nong Khai Man]

On 7/18/2022 at 8:00 PM, ripstanley said:

Do not forget that Thai banks are closed on 28 and 29 of July. There will no transfers on these days Then the weekend so Monday it will arrive

But Kasikorn DO Transfers Over Week Ends M8 !!

[EricTh]

18 hours ago, Nong Khai Man said:

So O.K. But You CANNOT Have your Cake & Eat it Can You ??

Agree . Most people only transfer monthly or a few months once so it's still alright to use the other banks.

[hotandsticky]

On 7/18/2022 at 8:00 PM, ripstanley said:

Do not forget that Thai banks are closed on 28 and 29 of July. There will no transfers on these days Then the weekend so Monday it will arrive

You can transfer funds on a weekend with Wise.

[FarangRimPing]

I just initiated a $5,000 transfer from Wise US to SCB. At the start, it said that the money would be in SCB within 7 hours. When finished, it said it should be there by August 1. Strange delay.

[FalangTingTong]

Just to add a couple data points even though I'm not an SCB customer yet.

 

I use (Transfer)Wise extensively for USD/EUR/HUF/THB in all combinations.  Transfers from Wise to Thai banks have ranged from instantaneous to a couple days, and I've never figured out why, it seems pretty random.  Instant is the norm, waiting is the exception.  Filling up the Wise account also sometimes settles immediately, sometimes takes a few days when I can't use "SEPA instant."

 

Having done all the same routes pre-Wise, I am *very* happy with the pricing.  You don't get standard proof that the money's from you, and there are <50K limits with some Thai banks but I think not SCB -- but if you're OK with those limitations then you can save quite a lot even compared to normal bank transfers, let alone ATM fees.

 

[scubascuba3]

6 hours ago, FarangRimPing said:

I just initiated a $5,000 transfer from Wise US to SCB. At the start, it said that the money would be in SCB within 7 hours. When finished, it said it should be there by August 1. Strange delay.

Bank holiday 28 and Fri 29, Mon is Aug 1 so not strange at all

[EricTh]

8 minutes ago, scubascuba3 said:

Bank holiday 28 and Fri 29, Mon is Aug 1 so not strange at all

Bummer! I didn't know it's a long holiday this weekend. 

[brianburi]

I sent some beer chits over yesterday, Wise account to my Bangkok bank account.

Message and follow up e-mail says will be paid 1 August.

Forgot about the 2 day PH.....Doh