Help please,

 

I am working out some arithmetic!My UK Bank tells me they charge £50 Total including Swift transfer.I have Kbank transfer charges.. Copy enclosed....am I reading this correctly?.... Example 50K transfer would cost @0.25%+$25?.. Kbank only accept Swift transfers?...so I understand from them!?

I use Wise also but had a dissatisfying transfer from US Dollars(1000) as I had to $35on top of $10>>>>I knew I had share this but 3 times is ridiculous isn't it!?...

Thanks in advance!

Edited September 23, 20223 yr by hashmodha
Additional information

Confusing post. A mixture of £ and $, which UK bank charges £50 for swift? £25 or lower seems more normal, Kasikorn normally charges about 500 baht for receipt, of course Wise much cheaper

Kasikorn is one of the preferred Banks for Transferwise.

I suggest you trying to openimg and account with them for transferring any money

 

Edited September 24, 20223 yr by Andyfez

Never had any additional fees from Wise to Kasikorn. One of the easiest ever transfers to initiate which even takes you to your banks app to authorize the payment. Fees are clearly spelled out and overall unbeatable rates,certainly better than U.K. banks. Usually arrives in seconds/minutes too.

I transfer £s from my UK bank to Wise, and then execute a transfer to Kasikorn in Thb from Wise.  Very quick and the fees are transparent, as is the rate they use.

I can transfer direct from my UK bank to Kasikorn, which is a flat fee of £20. However the exchange rate is almost never that close to what Wise transfer at.

if I move £s from UK to £s in my Thai bank I do use the bank for £20 fee.

I suggest you be quick at what ever the price for the exchange for pounds to baht .

Parity with the US dollar is fast coming..

Heavy Swift fees for a UK bank I opened a Halifax current account for sole purpose of using their £9 swift fee for transfers to Thailand.

 

There may be cheaper but this is with a free account, something with a monthly fee may have a cheaper swift fee hidden amongst its 'bells n whistles'

Nah. Use Transfer wise, especially to Kasikorn bank, which is one of 3 you can send more than 50,000 baht to. Best exchange rate and fee based on amount sent. My last one this month arrived in 4 seconds.????????????????

6 minutes ago, Regyai said:

Heavy Swift fees for a UK bank I opened a Halifax current account for sole purpose of using their £9 swift fee for transfers to Thailand.

 

There may be cheaper but this is with a free account, something with a monthly fee may have a cheaper swift fee hidden amongst its 'bells n whistles'

I just transferred a million baht as we're building a house

It would have cost me £657 more to use my bank (Halifax)  than use transferwise because of the crappy exchange rate.

I transfer money into my Kasikorn account using Wise and have never had a problem.

I send money to them using my online UK account.

The fees are considerably less than £50 as I usually transfer around 1000 GBP a time as and when I require it.

Typically less than £10.

Check out this  out https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.tallymoney.com/&ved=2ahUKEwjzlPbZoK36AhVDSUEAHVTeCtEQFnoECBkQAQ&usg=AOvVaw1GpTP8DWi5MzMSpu5j3X9F

I transfer direct from my Nat West account to my Kasikorn without any problems.

Kasikorn never charge me anything and Nat West is free unless I want same day transfer when it costs £15.

18 hours ago, Jaxxper said:

I transfer £s from my UK bank to Wise, and then execute a transfer to Kasikorn in Thb from Wise.  Very quick and the fees are transparent, as is the rate they use.

I can transfer direct from my UK bank to Kasikorn, which is a flat fee of £20. However the exchange rate is almost never that close to what Wise transfer at.

if I move £s from UK to £s in my Thai bank I do use the bank for £20 fee.

Same here 20 quid charge up to about 50k i think maybe try 49k as with an Oz bank my daily limit is 10k on int transfers NAH BS it is 9,982 the fee is taken from the daily limit 18AUD

15 hours ago, stix40 said:

Check out this  out https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.tallymoney.com/&ved=2ahUKEwjzlPbZoK36AhVDSUEAHVTeCtEQFnoECBkQAQ&usg=AOvVaw1GpTP8DWi5MzMSpu5j3X9F

A bit dodgy?

18 hours ago, Regyai said:

Heavy Swift fees for a UK bank I opened a Halifax current account for sole purpose of using their £9 swift fee for transfers to Thailand.

 

There may be cheaper but this is with a free account, something with a monthly fee may have a cheaper swift fee hidden amongst its 'bells n whistles'

The SWIFT fee is only half the story...always, always, always check the rate you are getting. 

 

Check all the fees, charges and rates, at both ends, and work out just how much you will finally receive - then make your decision.

 

Very very rarely will banks come even close to Wise (and other such).

 

PHG

13 hours ago, krabi local said:

I transfer direct from my Nat West account to my Kasikorn without any problems.

Kasikorn never charge me anything and Nat West is free unless I want same day transfer when it costs £15.

Yes, but what exchange rate do you get compared to Wise?  The Fee is only part of the story.

 

PH

13 minutes ago, Phulublub said:

Check all the fees, charges and rates, at both ends, and work out just how much you will finally receive - then make your decision.

The best answer!

13 hours ago, krabi local said:

I transfer direct from my Nat West account to my Kasikorn without any problems.

Kasikorn never charge me anything and Nat West is free unless I want same day transfer when it costs £15.

That's because NatWest are ripping you on the exchange rate. Wake up!

HSBC UK charges me 5 Pounds per international transfer and I send Pounds. Bangkok Bank receiving fees are minimal and the exchange rate is the TT rate.

13 minutes ago, nigelforbes said:

HSBC UK charges me 5 Pounds per international transfer and I send Pounds. Bangkok Bank receiving fees are minimal and the exchange rate is the TT rate.

Is there a monthly charge on that account? and is your address Thailand?

47 minutes ago, scubascuba3 said:

Is there a monthly charge on that account? and is your address Thailand?

No, it's a standard basic Bank Account account that I've held for many years and there is no monthly fee. Yes, my address is in Thailand but it changes backwards and forwards every few years, depending on where I'm living, currently I'm living at my home in Thailand.

On 9/25/2022 at 9:45 AM, Bruno123 said:

That's because NatWest are ripping you on the exchange rate. Wake up!

I Would be an idiot to get Nat West todo the exchange, I send the money in Sterling and Kasikorn do the exchange.  Normally get about 0.2 below the quoted rate on XE.

3 hours ago, krabi local said:

I Would be an idiot to get Nat West todo the exchange, I send the money in Sterling and Kasikorn do the exchange.  Normally get about 0.2 below the quoted rate on XE.

No, you don't. Don't give false info. TT rate is around 0.5 baht below the Spot Rate.

 

But it's good if they send in Pounds with no fees from their side.

On 9/25/2022 at 3:09 AM, blazes said:

A bit dodgy?

Dodgy why ?

Been using it for 2 years brilliant product ! 

Especially now as gold is very bullish for 2023 

On 9/24/2022 at 9:17 AM, Regyai said:

Heavy Swift fees for a UK bank I opened a Halifax current account for sole purpose of using their £9 swift fee for transfers to Thailand.

 

There may be cheaper but this is with a free account, something with a monthly fee may have a cheaper swift fee hidden amongst its 'bells n whistles'

Might as well be zero from the Halifax as it lands at Telegraphic Transfer Rates whereas Wise are using as always full interbank

I still occasionally run checks against other providers taking into account fees etc and still none come close

No idea why I cant edit that post above after being a member for 18 years maybe went past time limit for editing

Was going to add its "all about the bottom line"

Doesnt matter remotely which fees are or are not occuring in the interim as its all about what lands in your account