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

topswijaya
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saakura Gold Member

saakura

Posted
Posted

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. 

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Gottfrid Diamond Member

Gottfrid

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Posted

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.

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worgeordie Star Member

worgeordie

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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

 

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Puccini Platinum Member

Puccini

Posted
Posted
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?

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Puccini Platinum Member

Puccini

Posted
Posted
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.

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Puccini Platinum Member

Puccini

Posted
Posted (edited)
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 by Puccini
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Puccini Platinum Member

Puccini

Posted
Posted
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.

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EricTh Platinum Member

EricTh

Posted
Posted
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?

 

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martin81 Senior Member

martin81

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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.

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Regyai Silver Member

Regyai

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Posted (edited)

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 by Regyai
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Chivas Platinum Member

Chivas

Posted
Posted
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

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Liverpool Lou Star Member

Liverpool Lou

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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.   

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Gottfrid Diamond Member

Gottfrid

Posted
Posted (edited)
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 by Gottfrid
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Chivas Platinum Member

Chivas

Posted
Posted
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.....

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