What is the best way to send very large sums of money overseas?

[bob smith]

18 minutes ago, Ebumbu said:

Bitcoin! 

I think this is the way to go.

 

 

[bignok]

2 hours ago, save the frogs said:

where did you get that kind of money, if you don't mind me asking?

 

crypto investing? 

 

land deals? 

 

He bought a bridge to troll under then sold it

[jaideedave]

1 hour ago, proton said:

Wise is for in not out

FYI..I used Wise for the 1st time last month to have my pensions from abroad sent to my Kbank account.Cheaper by 80% than using my own bank.

Easy to use and the transfer was completed in minutes as opposed to days.

I'll be using them for here on in.

[Olmate]

20 minutes ago, jaideedave said:

FYI..I used Wise for the 1st time last month to have my pensions from abroad sent to my Kbank account.Cheaper by 80% than using my own bank.

Easy to use and the transfer was completed in minutes as opposed to days.

I'll be using them for here on in.

But not from here on out????

[GoodieAfterDark]

Are you talking about money laundering?

[ezzra]

1 hour ago, bob smith said:

I think this is the way to go.

 

 

After checking some of the rates around I found Western Union to be the best so far but you can only do 250k at the time and max 800k a day charging a modest fees, so do your thinking.

[Captain Monday]

3 hours ago, ezzra said:

It has nothing to to do with legitimacy, my query is where to get the best rates.

I have heard various things about WISE real rates after fees, but have no problems using them

 

For 20 Mil baht primary concern would be security over a small change

[bob smith]

ive decided to invest my money in bitcoin as its the easiest and fastest way to potentially grow my money as well as transfer it.

 

thanks for the input!

[Liverpool Lou]

4 hours ago, ezzra said:

It has nothing to to do with legitimacy, my query is where to get the best rates.

What makes you think that anyone here would know all the banks' rates?

[flexomike]

1 hour ago, bob smith said:

ive decided to invest my money in bitcoin as its the easiest and fastest way to potentially grow my money as well as transfer it.

 

thanks for the input!

don't forget to pay off all of the girls you got for free before you invest all of your money - 555

[bob smith]

2 minutes ago, flexomike said:

don't forget to pay off all of the girls you got for free before you invest all of your money - 555

they aint gettin a penny.

[Olmate]

1 hour ago, bob smith said:

ive decided to invest my money in bitcoin as its the easiest and fastest way to potentially grow my money as well as transfer it.

 

thanks for the input!

There, s your next topic. How to buy Bitcoin! 

[scottiejohn]

1 hour ago, Olmate said:

There, s your next topic. How to buy Bitcoin! 

And I thought he was trying to send money overseas NOT lose it!

Edited July 16, 2023 by scottiejohn

[tomacht8]

It is best to contact foreign banks that have branches here in Thailand and also in the destination country.

For example:

• ABN AMRO.
• BNP Paribas.
• Calyon Corporate & Investment Bank.
• Citibank Thailand.
• Deutsche Bank.
• Indian Overseas Bank.
• JPMorgan Chase & Co.
• Mizuho Corporate Bank

It may also be worth opening a foreign currency account in Thailand beforehand, i.e. exchanging the Thai baht in Thailand for US/Euro, etc. and then transferring the foreign currency. The exchange rates for Thai Baht are much worse in the destination countries.

 

Edited July 16, 2023 by tomacht8

[freedomnow]

It's wise coming in, and deemoney out for legitimately sourced money that can be traced to its origin.

 

Wise only good up to a certain limit then after that there were other similar online transfer options.

[bignok]

23 minutes ago, Sticky Rice Balls said:

the Irony of your post    LOL  hows the ice bath ?  Mrs still a 9/10?

Maybe stop stalking me.

[Crazy Noobie]

You ask best way to transfer a large sum of money? I went to my local Bangkok Bank to find out the procedures. For large sums I decided it was too much red tape. I was talking with a friend and he said since I have a Crypto account with Coinbase in the USA. Just take my money here and buy bitcoin through a Thailand Exchange. The second I buy it, I then can cash it out through my USA exchange. Last month I tried it and it worked perfect. It was so simple. 

[rwill]

Open a Schwab one international account, you have to deposit $25,000 or the equivilant in stock to open one.  That's what I use.  I have sent $200,000 at a time using it.  There is a $15 fee but they instantly rebate mine back.  So the wire is free.

 

I have never had to explain where the money came from.  My bank here, SCB, calls me on transfers over $20,000.  They only want to know if it is for personal use or to purchase property.

[bradiston]

47 minutes ago, Crazy Noobie said:

You ask best way to transfer a large sum of money? I went to my local Bangkok Bank to find out the procedures. For large sums I decided it was too much red tape. I was talking with a friend and he said since I have a Crypto account with Coinbase in the USA. Just take my money here and buy bitcoin through a Thailand Exchange. The second I buy it, I then can cash it out through my USA exchange. Last month I tried it and it worked perfect. It was so simple. 

I take it your money is in a Thai bank account? Otherwise, how are you going to buy Kryptonite on Bitkub, for instance? In fact, you could just dump it in your wallet so long as you've done your KYC. But depositing millions of $ into your US account? No questions asked? I could be missing something here...

[bradiston]

On 7/16/2023 at 8:45 AM, proton said:

Wise is for in not out

Not so. I've used Wise to transfer £ and $ to a European bank. Free.

[bradiston]

29 minutes ago, bradiston said:

Not so. I've used Wise to transfer £ and $ to a European bank. Free.

Ask me! What's the point of a silly emoticon?

[vinci]

bank to bank transfer, not all at once but you can in a few time.

Edited July 17, 2023 by vinci

[LukKrueng]

On 7/16/2023 at 8:14 AM, ezzra said:

I'm waiting for someone to ASK ME where did i get the money I intend to transfer.

Where did you get the money? Is there any left for me to take too?

[btsfreak1]

If you dont mind the hassle but want to get around the issue of stating where the money comes from, use your bank app and transfer 50K USD each time.

[HandsomeTallFarang]

This has to be an obvious troll post. "Bob Smith" posts a lot of BS on this forum. Just BS story / scenario one after another. This is just another. Every forum has a type like this, serial liars. 

 

Bob, you don't have 20 million, you don't even have half a million baht. I suggest another hobby other than making up things on the internet to try and impress, mostly other men on a forum. That is after you get your alocholism under control. 

[UbonEagle]

Ask the Generals ????

[bradiston]

On 7/17/2023 at 3:07 PM, bradiston said:

Not so. I've used Wise to transfer £ and $ to a European bank. Free.

Oh ok. 2 confused icons. Repeat: I transferred both £ and $ to accounts in a bank in Europe. From Thailand. From my Wise accounts. Free. Now, what's confusing about that? (Wait for the next icon).

[ianguygil]

Regardless of which Bank you choose, and i would obviously recommend you use Bangkok Bank, you should ask for a special rate for such a large transfer. Anything over about $100K USD should be eligible for a better rate which will make a real difference. While it may be a few points, multiple by hundreds of thousands it will all add up

 

So please go to the Bank. Explain the source of funds (both legally required and what we should all expect and want) and ask for a preferred rate from their Treasury

[mrwebb8825]

pack it in suitcases and abscond across the Cambodian border in the middle of the night - mention you're friends with Ying Luk to get the special rate.