Western Union : 11.000 baht fee to send 250.000 baht to European Bank ?

[john donson]

first off, did Central group now own Western Union Thailand?

 

Second, someone said, oh might be cheap to send money...

 

First had to guess the limit as there was no indication how much was the limit

 

only said... too mutt...

 

they at 115 baht fee to the total and I was quoted 6247 euros

 

When I go check the buy rate at K Bank for euros, even the most expensive

 

I only got 238.xxx baht converted...

 

On top in small lettres, claiming banks might charge on top of this...

 

wow

 

11.000-12.000 baht cost to send 250k baht

[ChaiyaTH]

Not sure what you are talking about with all these sentences but why on earth would you use Western Union for such transfer size? It is known they are expensive hence it is usually only used for emergencies and the like.

 

You can just transfer via wise.com or make a normal international transfer. Kasikorn pays 37.94 at the moment, just normal as always compared to the selling rate, about 0.5 baht less than the actual rate, that is normal with almost all the Thai banks.

 

Off topic: If you would make a credit card payment for 250K baht, you also look at 7500 in fees already based on the going 3% rate. Not strange to charge around 5% if being a company like Western Union.

Edited August 16, 2023 by ChaiyaTH

[treetops]

11 minutes ago, ChaiyaTH said:

You can just transfer via wise.com or make a normal international transfer.

Wise can't transfer baht out of Thailand.

[ChaiyaTH]

Just now, treetops said:

Wise can't transfer baht out of Thailand.

Well obviously in that case just a normal international transfer then.

[treetops]

1 minute ago, ChaiyaTH said:

Well obviously in that case just a normal international transfer then.

Using Dee Money is another route often recommended.

[BenStark]

2 hours ago, john donson said:

When I go check the buy rate at K Bank for euros, even the most expensive

When you send money to Europe you get the sell rate, not the buy rate

[Middle Aged Grouch]

Western Union rates vary considerably depending from which country you send the cash.

(and of course on which country and bank the recepient receives).

[john donson]

On 8/16/2023 at 11:05 PM, BenStark said:

When you send money to Europe you get the sell rate, not the buy rate

I off course checked the sell rate... 

 

calculate yourself... it is like they rate the euro 2-3 baht less, same as scammer money exchanger at the airport...  scammers in the way they are allowed to use different rates, for the same company/bank... for me that is scamming...

Edited September 6, 2023 by john donson