Elkski Posted October 25, 2022 Share Posted October 25, 2022 I'm thinking about using wise to send say 2-4k USD to wife's Thai account and then we can withdrawl to spend on our vacation in Thailand. She says her ATM withdrawals are free. Kasikorn is her bank. I want to run this idea past folks. Usually I arrive with enough to get to BKK and go to super rich in BKK to exchange. We will be all over Thailand and the ATM sounds like a good idea. Link to comment Share on other sites More sharing options...
Maha Sarakham Posted October 25, 2022 Share Posted October 25, 2022 Either method is fine. 1 Link to comment Share on other sites More sharing options...
CharlieH Posted October 25, 2022 Share Posted October 25, 2022 MOVED to Banking forum Link to comment Share on other sites More sharing options...
Popular Post 2baht Posted October 25, 2022 Popular Post Share Posted October 25, 2022 If it's only 2 - 4k, I'd carry it in my pocket! 6 1 Link to comment Share on other sites More sharing options...
bluebluewater Posted October 25, 2022 Share Posted October 25, 2022 4K USD is forty $100 dollar bills. Forty sheets of paper. You can't keep up with that? Really? 2 Link to comment Share on other sites More sharing options...
chuang Posted October 25, 2022 Share Posted October 25, 2022 Holy Covid.. Link to comment Share on other sites More sharing options...
Elkski Posted October 26, 2022 Author Share Posted October 26, 2022 You guys travel around Thailand with 4 k ? Trust hotel safes? I even worried having 2000 in a money belt. And not comfortable. Super rich website says 37.9 and wise is 37.63 which is not lower Iike I thought it would be. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted October 26, 2022 Share Posted October 26, 2022 7 minutes ago, Elkski said: You guys travel around Thailand with 4 k ? Take cash to Bangkok. Exchange on ground floor and pay to Kasikorn account (100 m away). Then use ATM card in appropriate amounts. No need to "travel around". Of course if WISE is setup then transfer is a good idea. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted October 26, 2022 Share Posted October 26, 2022 11 minutes ago, Elkski said: Super rich website says 37.9 and wise is 37.63 Superrich 37.93, WISE 37.99 before fees. Another proof that (USD) cash beats electronic transfer. Link to comment Share on other sites More sharing options...
Everyman Posted October 26, 2022 Share Posted October 26, 2022 10 minutes ago, Elkski said: You guys travel around Thailand with 4 k ? Trust hotel safes? I even worried having 2000 in a money belt. And not comfortable. Super rich website says 37.9 and wise is 37.63 which is not lower Iike I thought it would be. I don’t understand why people still carry foreign currency into Thailand in cash. I haven’t done that in 20 years. As soon as I got a Thai bank account I would just use my foreign debit card to take money out and then deposit it in my Thai account. This is back when ATMs were free of charge for foreign cards. I would only lose a few percent from the foreign currency fee. These days I tend not to even carry baht and just pay with prompt pay everywhere. Link to comment Share on other sites More sharing options...
Elkski Posted October 26, 2022 Author Share Posted October 26, 2022 (edited) 9 hours ago, KhunBENQ said: Take cash to Bangkok. Exchange on ground floor and pay to Kasikorn account (100 m away). Then use ATM card in appropriate amounts. No need to "travel around". Of course if WISE is setup then transfer is a good idea. I've exchanged a minimal amount at the airport super rich on the way to the train into BKK but the rate always seemed better at the asoke super rich. Wise is set up. If one travels with 40 hondos that means you need to find good rate exchanges. Maybe if you don't travel into the boonies that's ok. Is the buy rate given on the super rich website always the same at each kiosk? I didn't see a way to look at individual locations rates? Are kasikorn ATM withdrawals still free like wife says. I deplore being charged anything to take out money. https://www.superrich1965.com/home.php?language=en Edited October 26, 2022 by Elkski Link to comment Share on other sites More sharing options...
scorecard Posted October 26, 2022 Share Posted October 26, 2022 My small hotel in Ram. Rd., used to have a US professsor come regularly along with his US wife. Just before leaving the US she always transferred US500- from herself to herself via Western Union. Husband had given up trying to get her to change to better/cheaper methods of international transfer. Hotel offered to accept transfers to the hotel owners a/c and pass it back to her on arrival no charges. She trusted nobody. But the twist, husband went to 2 unis nearby to teach most days, she stayed in her hotel room all day, on all their trips she spent a tiny amount of money, because she trusted nobody/everything poor quality etc. Most of the $500 was transferred back to the US, by Western Union, the day they departed Bkk. 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted October 26, 2022 Share Posted October 26, 2022 10 hours ago, Elkski said: Are kasikorn ATM withdrawals still free like wife says. I deplore being charged anything to take out money. I am not sure about Kasikorn. What always works around: cardless withdrawal. But for that internet banking on the mobile is necessary. Link to comment Share on other sites More sharing options...
KhunLA Posted October 27, 2022 Share Posted October 27, 2022 On 10/25/2022 at 8:40 AM, 2baht said: If it's only 2 - 4k, I'd carry it in my pocket! Don't know why people love to complicate the simplest things. Not even 1 'pack' of notes. I have that many in my wallet on a daily basis, when O&A. 1 1 Link to comment Share on other sites More sharing options...
Ralf001 Posted October 27, 2022 Share Posted October 27, 2022 21 hours ago, Elkski said: You guys travel around Thailand with 4 k ? Trust hotel safes? I even worried having 2000 in a money belt. And not comfortable. Super rich website says 37.9 and wise is 37.63 which is not lower Iike I thought it would be. 4k is chump change. Not sure what the issue is. 1 1 Link to comment Share on other sites More sharing options...
ArnieP Posted October 27, 2022 Share Posted October 27, 2022 13 hours ago, Elkski said: Are kasikorn ATM withdrawals still free like wife says. I deplore being charged anything to take out money. They’re free in the region where the bank account is registered but there’s a 25฿ charge for ATM withdrawals outside that region. This is my experience, it may be different for others. I certainly got caught by surprise when it happened. Link to comment Share on other sites More sharing options...
Moonlover Posted October 27, 2022 Share Posted October 27, 2022 Providing you have complete faith in your Thai wife, I see nothing wrong with that Wise plan. (Pardon the pun ????) 1 Link to comment Share on other sites More sharing options...
Lacessit Posted October 27, 2022 Share Posted October 27, 2022 I am now using WISE for transfers, safest and most effective way of getting money here. I don't lose anything on the cross-rate either. Link to comment Share on other sites More sharing options...
Moonlover Posted October 27, 2022 Share Posted October 27, 2022 5 minutes ago, Lacessit said: I am now using WISE for transfers, safest and most effective way of getting money here. I don't lose anything on the cross-rate either. Same with me as well and with the OP's wife using Kasikorn Bank, there's no upper limit on how much he can send. Wise, Wise means Win Win! 1 Link to comment Share on other sites More sharing options...
jaideedave Posted October 27, 2022 Share Posted October 27, 2022 On 10/25/2022 at 8:40 AM, 2baht said: If it's only 2 - 4k, I'd carry it in my pocket! Years ago I worked in the M/E for a company based in Dubai.When I finished my 6 week hitch in Iran for example at the hotel a company rep would come to our room and pay us in USD cash after I signed the time sheet and counted the cash. .Usually 10-12 k . I placed it in my man bag and never thought about it.Every other co I worked for only did wire transfers. To carry 2-4 k overseas is no big deal IMHO. 1 Link to comment Share on other sites More sharing options...
Elkski Posted October 27, 2022 Author Share Posted October 27, 2022 I wouldn't worry about 4k traveling through airports and such. It's what do you do with that once your in a condo or hotel room or staying at a resort in Krabi and want to go swimming or something. I read horror stories about hotel room safes. I carry less than 300$ in my wallet In USA more like 150. But use credit card most times. Link to comment Share on other sites More sharing options...
BonMot Posted October 27, 2022 Share Posted October 27, 2022 (edited) On 10/26/2022 at 11:23 AM, Everyman said: don’t understand why people still carry foreign currency into Thailand in cash. I haven’t done that in 20 years. Because I could exchange it at superrich at the relative rate of my choosing, know the rate pre exchange, not incur card and or ATM withdrawal fees?? Of course, you need a bank to deposit the money and imo a residence to keep the home currency in pending change. One thing sure... Those ATM fees are total mafia. What is it??? 500b a pull?! Carrying the cash 5k through an airport is nothing. That's holiday money. For OP Wise seems perfect and available option. No brainer. No idea how ATM fees not incurred but ok... Edited October 27, 2022 by BonMot Link to comment Share on other sites More sharing options...
BonMot Posted October 27, 2022 Share Posted October 27, 2022 On 10/26/2022 at 8:36 PM, Elkski said: but the rate always seemed better at the asoke super rich. Rachadamri green is best rate trading into THB. If it's 500 it might not be worth the trip. Link to comment Share on other sites More sharing options...
Elkski Posted October 27, 2022 Author Share Posted October 27, 2022 Does a smart man trust that his wife knows what the ATM fees are? Do most people care of figure what % it is? So I ask what are the fees for ATM use at kasikorn in province or out of province. She now admits there may be a fee outside of BKK. Link to comment Share on other sites More sharing options...
Elkski Posted October 29, 2022 Author Share Posted October 29, 2022 On 10/26/2022 at 7:29 PM, Ralf001 said: 4k is chump change. Not sure what the issue is. And 15,000 baht will buy a hit= 400$ Link to comment Share on other sites More sharing options...
Ralf001 Posted October 29, 2022 Share Posted October 29, 2022 25 minutes ago, Elkski said: And 15,000 baht will buy a hit= 400$ A hit ? Link to comment Share on other sites More sharing options...
Everyman Posted October 29, 2022 Share Posted October 29, 2022 On 10/28/2022 at 2:42 AM, BonMot said: Because I could exchange it at superrich at the relative rate of my choosing, know the rate pre exchange, not incur card and or ATM withdrawal fees?? Of course, you need a bank to deposit the money and imo a residence to keep the home currency in pending change. One thing sure... Those ATM fees are total mafia. What is it??? 500b a pull?! Carrying the cash 5k through an airport is nothing. That's holiday money. For OP Wise seems perfect and available option. No brainer. No idea how ATM fees not incurred but ok... Interesting how a 500 baht ATM fee is a big deal but 5k USD is “nothing” and “holiday money.” ???? 2 Link to comment Share on other sites More sharing options...
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