What is the best way to transfer/bring in 1 million baht?

[topswijaya]

Dear all,

 

What is the best way to transfer/bring in 1 million baht for someone who does not has a bank account in Thailand?

 

Thanks

[Joe Farang]

Open a bank account and transfer it.

[Liverpool Lou]

Depends on the currency, but USD or EUR, in your pockets, how else?

Edited July 24, 2022 by Liverpool Lou

[CharlieH]

MOVED to Banking forum

[bolt]

I would carry USD in notes of 100

this makes it far easier to transfer inside a Thai bank using your passport 

[saakura]

A few minths ago, I opened an FCD (Foreign Currency Deposit) account at the green bank (Kasikorn), took about 30 minutes (I have a savings account at the same branch). Remitted in USD from my own overseas account and it reached in 3 days. 

[Gottfrid]

Doesn´t matter how you do. Same easy whatever you chose. It´s only about 27k USD we are talking about. No bank in Thailand will lift any eyebrows. Of course, if you have a reason to give for the transfer, that will make it all better.

[worgeordie]

If you can carry it in , 100 $ , 50 pounds or Euro high denomination notes 

they must be perfect , no tears , no writing as will not be taken

 

You will get a higher exchange rate at say Superrich exchanges than

transfering to bank, declare the funds at departure and have proof

of where the funds originated , your bank account.? 

regards worgeordie

 

[Puccini]

10 hours ago, Joe Farang said:

Open a bank account and transfer it.

The OP apparently does not want to open a bank account in Thailand. This leaves him with the only option of carring the on milli Baht on his person.

 

Wha is the limit for a foreigner to bring Thai cash into Thailand?

[Puccini]

10 hours ago, Liverpool Lou said:

Depends on the currency, but USD or EUR, in your pockets, how else?

The OP wants bring one million Baht, ie Thai currency.

[Puccini]

9 hours ago, bolt said:

I would carry USD in notes of 100

this makes it far easier to transfer inside a Thai bank using your passport 

The OP wants bring one million Baht, ie Thai currency.

[Puccini]

9 hours ago, saakura said:

A few minths ago, I opened an FCD (Foreign Currency Deposit) account at the green bank (Kasikorn), took about 30 minutes (I have a savings account at the same branch). Remitted in USD from my own overseas account and it reached in 3 days. 

The OP did not say that he wants to open a Foreign Currency Deposit account or any other type of account.

[Puccini]

5 hours ago, Gottfrid said:

Doesn´t matter how you do. Same easy whatever you chose. It´s only about 27k USD we are talking about. No bank in Thailand will lift any eyebrows. Of course, if you have a reason to give for the transfer, that will make it all better.

What bank in Thailand. The OP clarly does not want to open a bank account Thailand.

Edited July 24, 2022 by Puccini

[Puccini]

5 hours ago, worgeordie said:

If you can carry it in , 100 $ , 50 pounds or Euro high denomination notes 

they must be perfect , no tears , no writing as will not be taken...

Without a bank account in Thailand the OP has no choice but to carry the money with him, one million Baht in crisp banknotes, but there is probably a limit on how much Thai currency a foreigner is allowed to bring in.

[Olav Seglem]

Simple answer:

DONT DO IT!!! ????

 

[EricTh]

5 hours ago, worgeordie said:

If you can carry it in , 100 $ , 50 pounds or Euro high denomination notes 

they must be perfect , no tears , no writing as will not be taken

 

You will get a higher exchange rate at say Superrich exchanges than

transfering to bank, declare the funds at departure and have proof

of where the funds originated , your bank account.? 

regards worgeordie

 

 

Does using Wise incur a higher cost than Superrich?

 

[Puccini]

8 minutes ago, EricTh said:

 

Does using Wise incur a higher cost than Superrich?

 

The OP has no use fo WISE because he is no transferring money to a bank account.

[martin81]

With wise you can have one account with many currencies incl. THB. So just get their Visa Debit card and use it in Thailand. No fees to pay with it. But some fees to withdraw.

 

Only less than 0.6% fee to change into other currency eg. from USD to THB.

 

That way you will not need a Thai bank account.

[Regyai]

Is it 1M฿ held overseas in THB to be repatriated into LOS or merely the foreign equivalent of 1M฿ to be brought into Thailand and exchanged?

 

OP doesn't hint as to end use (some things might need to show originated outside Thailand) or country of origin.

 

 

If its just money to pi55 away in Thailand then handballing declared cash as already said is the way to go - If you hail from Switzerland you could accomplish it with a mere twenty odd banknotes (1M฿ in Thai cash is quite a brick of paper)

Edited July 24, 2022 by Regyai

[worgeordie]

8 hours ago, EricTh said:

 

Does using Wise incur a higher cost than Superrich?

 

There is no cost with Superrich ...

regards Worgeordie

[Chivas]

2 hours ago, worgeordie said:

There is no cost with Superrich ...

regards Worgeordie

Jesus wept so lets stand at a booth doubtless with others in the vicinity with around $27.200 (at todays exchange rate) and hope to hell someone is not taking too much notice of the fat wads being handed back over

[Liverpool Lou]

18 minutes ago, Chivas said:

Jesus wept so lets stand at a booth doubtless with others in the vicinity with around $27.200 (at todays exchange rate) and hope to hell someone is not taking too much notice of the fat wads being handed back over

Or he could use one of their many shops, not booths, where $27k, or it's THB equivalent, would raise no eyebrows whatsoever.   

[Liverpool Lou]

12 hours ago, Puccini said:

Wha is the limit for a foreigner to bring Thai cash into Thailand?

There is no restriction on the amount of Thai currency in cash that can be brought into the country.

[Liverpool Lou]

12 hours ago, Puccini said:

Without a bank account in Thailand the OP has no choice but to carry the money with him, one million Baht in crisp banknotes, but there is probably a limit on how much Thai currency a foreigner is allowed to bring in.

There isn't.

[Gottfrid]

12 hours ago, Puccini said:

What bank in Thailand. The OP clarly does not want to open a bank account Thailand.

What? Didn´t he ask for the best way to bring money to Thailand? Then I am giving him an answer about the best way. The bets way is always to not carry to much money on your person, which includes risks.

Edited July 25, 2022 by Gottfrid

[EricTh]

4 hours ago, worgeordie said:

There is no cost with Superrich ...

regards Worgeordie

Sometimes the cost is hidden with a lower exchange rate than the market rate.

[Chivas]

On 7/25/2022 at 5:31 AM, Liverpool Lou said:

Or he could use one of their many shops, not booths, where $27k, or it's THB equivalent, would raise no eyebrows whatsoever.   

Seriously dont give up the day job

Clearly that went right over your head.....

[Stocky]

On 7/25/2022 at 11:10 AM, Chivas said:

Jesus wept

I thought the sight of money changers had the exact opposite effect!

John 2:13-16

[DrJoy]

Get a forex card from your home country.

 

I am sure you must have a bank account in your home country or country of residence

[Puccini]

On 7/28/2022 at 1:46 PM, DrJoy said:

Get a forex card from your home country.

Whst is a forex card? Never heard of it in Italy.