Banking USA to Bangkok Bank Thailand

[Soondae]

Attached is the BBL notice about cessation of service, note it was a requirement mandated by the U.S. Govt

BBL 2019 ACH notice.pdf

[Thailand J]

A regular ACH transfer will not go through but a domestic wire will.

There is no reason to send a domestic wire to NY on Schwab account if you can make an international wire from there directly to Bangkok.Just sign into your account,  click Move Money>Send Wire> Select account> Select wire type>International (USD) and enter your information. You may get a phone call to verify your order for the first transfer into an account.

[fceligoj]

Wise is simplest and easy to use.  I transfer from my bank in the US anywhere from 70,000 baht to 130,000 baht.  I am pretty sure there are only 3 banks that can transfer more than 30,000 baht.  BBL is one of them as well as SCB.  Not sure about the 3rd.  As of January 9, 2023, total fee for 70,000+ baht transfer is less than $20.  BBL charges zero fee!

[Soondae]

On 1/28/2023 at 3:59 PM, fceligoj said:

Wise is simplest and easy to use.  I transfer from my bank in the US anywhere from 70,000 baht to 130,000 baht.  I am pretty sure there are only 3 banks that can transfer more than 30,000 baht.  BBL is one of them as well as SCB.  Not sure about the 3rd.  As of January 9, 2023, total fee for 70,000+ baht transfer is less than $20.  BBL charges zero fee!

Kashikorn is the third

[mrwebb8825]

https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Into-Thailand/Transfer-money-from-US-to-Thailand-via-Bangkok-Bank-NewYork-branch

 

Just send it using the domestic routing number 026008691 and your BBK account number. Always works for me. Even have direct deposit of my SS sent that way.

 

ETA: I can pm you my account number if you'd like to test it 1st. ????

[treetops]

1 hour ago, mrwebb8825 said:

https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Into-Thailand/Transfer-money-from-US-to-Thailand-via-Bangkok-Bank-NewYork-branch

 

Just send it using the domestic routing number 026008691 and your BBK account number. Always works for me. Even have direct deposit of my SS sent that way.

 

ETA: I can pm you my account number if you'd like to test it 1st. ????

The page you linked to mentions it now needs International ACH format which it has already been mentioned most US banks don't use.  SS payments do use that format so are OK.

[just_Elaine]

I have been traveling and just got back to check on my transfer.

 

The domestic wire transfer from Schwab brokerage account to Bangkok Bank NY worked.

 

In the US,  I paid a fee of $15 to Schwab and I assume the $5 fee to Bangkok Bank NY was paid. 

In Thailand, I assume I paid a 200 TB fee (I transferred a little less than 2000 USD). 

 

So I was curious about the rate. Assuming the above items, I calculated a rate of 32.67 TB to 1 USD on January 27, 2023.

 

Regarding setting up anything with Fidelity, I had been on the phone with Fidelity customer service previously. I did not like what I heard.

 

Schwab made it easy. They gave me the information I needed to do it online so I did not have to make a phone call. However, I might have tried an International wire had I seen "Thailand J's" reply above (which would have saved me the $20 in fees).

 

Thailand J - Do you just have to provide bank name, account number and account owners' names for an international wire? Do you wire in USD?

[bamnutsak]

On 1/28/2023 at 9:40 AM, bamnutsak said:

Fidelity does offer fee-free international SWIFT wire transfers (perhaps to a limited number of their customers?) , which can be directed to BBL THL (and not BBL NYC). JP Morgan/Chase is the intermediary, USD are sent and converted at BBL THL at their TT rate, less 0.25% (200 min/500 max). Unfortunately you may need to have a first-person standing wire transfer order on file - which you submitted with a Medallion signature (best done in the U.S. at a Fidelity office). And you need to initiate the transfer with a myVoice certified call. That's my experience anyway. Transfers take ~ 12 hours assuming Mon-Fri.

 

I've never tried a WISE transfer from Fidelity. I have done one WISE transfer from BofA to BBL THL. Fidelity offers free ACH transfers so if you have a regular bank transfer to that then use WISE.

 

I don't use Schwab but based on posts here it seems like they allow on-line initiated transfers, and do not charge a fee for SWIFT int'l transfers?

 

 

 

FWIW, Fidelity just added the ability to make a first-party international SWIFT wire transfer - with a standing order on file - on-line, rather than making a phone call. 

 

 

I haven't tried it yet, but my standing order to Bangkok Bank in Thailand does show up in the first originating bank screen.

[Thailand J]

I am sick of Fidelity. To add a Thai bank with a standing order on file you'll still need a medallion signature. If I do not transfer money for some time all of the links to my banks disappeared accept one. I have 30+ years account , this happened a few times. Now I just have one domestic bank linked. I don't bother to add the disappeared links back.

I am using Schwab for money transfers, where I can add any international bank online.