WISE....Beware !

[hotandsticky]

1 hour ago, hotandsticky said:

 

 

98% of my transfers take under 10 seconds.

 

I transfer funds from my main UK bank account into my WISE account - and then remit money to Thailand from there.

 

 

I have just made a small transfer to the new Bangkok Bank account I opened this week...................that is also showing Monday 10:00 am for reeipt.

 

I can live with that.

[Dan O]

18 hours ago, KannikaP said:

A SWIFT from say Nationwide costs GBP20, so if WISE's 0.6% is over that, use SWIFT. But that will take a few days.

Not necessarily. I transfer swift every month from USA to here and it arrives next day and has positive tracking detail for Imm purposes. They do quote a window for delivery as some banks are not on the swift network and have to be inter-banked.

[newnative]

19 hours ago, Lacessit said:

I don't know if the OP is aware of this, but Thai banks are not open on weekends.

They are in shopping malls.

[Moonlover]

18 minutes ago, newnative said:

20 hours ago, Lacessit said:

I don't know if the OP is aware of this, but Thai banks are not open on weekends.

 

18 minutes ago, newnative said:

They are in shopping malls.

Branches yes, but not the HQ and admin centres, where all the transactions are handled.

 

I have a couple of monthly direct debits and they are never paid out at weekends. The same would be true for incoming transactions.

[prakhonchai nick]

1 hour ago, Dan O said:

Not necessarily. I transfer swift every month from USA to here and it arrives next day and has positive tracking detail for Imm purposes. They do quote a window for delivery as some banks are not on the swift network and have to be inter-banked.

A Swift transfer to a Thai bank, will be exchanged into Thai baht at the banks rate at time of arrival (1,2,3 days later)  It may be higher than on the day sent, it may be lower. With a WISE transfer, one knows exactly what the exchange rate will be.

[totsakan]

On 12/13/2024 at 9:03 AM, Lacessit said:

I don't know if the OP is aware of this, but Thai banks are not open on weekends.

Seriously? You might have been locked in a tiny remote village during the last 20 years (or just never been to Thailand). In shopping malls, plenty of banks opened on weekend...

[riclag]

19 hours ago, G_Money said:

 Been using WISE for years.  Before my transfers arrived in minutes.  Now about 4 working days.  
 

Perhaps because I originate from a US credit union,  not an actual bank.

 

When originating it says it will arrive in minutes, then it says my financial institution makes micro deposits so it will take longer than expected.

 

Whatever that means.

 

Now I just plan for 4 days.  It was nice receiving it in seconds.

If and when I use W , I always have the wait 4 days  in mind!

Most of my transfers with other institutions such as Chuck Schwab are like this.

[Moonlover]

24 minutes ago, totsakan said:

Seriously? You might have been locked in a tiny remote village during the last 20 years (or just never been to Thailand). In shopping malls, plenty of banks opened on weekend...

@Lacessit's comment was correct. The branches (the visible side of banking) will be open, but the HQ and admin centres do not work weekends. E.g. a Wise transaction which has been tagged 'long stay' will not be processed on a W/E. 

 

P.S. There is absolutely no need for sarcasm!