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


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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).

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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

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