Trying to understand what are the best options as my Krungsri restricts to 50k

Should read Krugsri account

MOVED to BANKING forum

"The maximum amount that you can send per transfer depends on the recipient's bank." 

That's exactly what I asked a manager and teller at my usual Krungsri branch in Exchange Tower here in Bangkok yesterday. (I told the teller after a withdrawal that I wanted to speak with a manager, and she spoke to the same teller before fully answering me.) I recently started using Wise instead of a direct Swift transfer from my US bank to my baht account at Krungsri (to get a better conversion rate of course). But the limit was a hard and fast 49,999, unlike a direct bank to bank Swift transfer used in the past. I asked the manager if I could double that by signing something at the bank end here. She said no, it was a city or country wide rule. (She funnily waved her arms upward and said that it was from the big man above lol.) For ALL banks. (BTW I did have my sender try to check with Wise first and got nowhere.) Now if SCB were an exception I could attempt a transfer to my gf's account there as a test, but it's too soon to consider that.

So the question is, does it indeed depend on which bank at this end, or on the difference between a direct bank-to-bank Swift transfer, as opposed to the use of a middleman service like Wise?

 

25 minutes ago, Enzian said:

So the question is, does it indeed depend on which bank at this end, or on the difference between a direct bank-to-bank Swift transfer, as opposed to the use of a middleman service like Wise?

 

A SWIFT transfer to any recipient bank won't have the restriction as it is an genuine foreign transaction.  A Wise transfer ends with a domestic transfer, and the recipient bank dictates the maximum transfer.  Wise have several "partner" banks, presumably where they stash their THB, and when the recipient bank is the same the higher limits apply.