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On 5/8/2025 at 3:49 AM, Equatorial said:

 

I am curious, does maintaining a Thai balance in WISE lower the cost of transferring money from US-based bank to a Thai bank? 

 

In other words, are the following two scenarios same in terms of cost (assuming the same interbank exchange rate in both scenarios)?

 

1/ Transfer let's say $2,000 from a US-based bank to Bangkok Bank, using the basic WISE transfer functionality.

 

2/ Transfer the same amount, $2,000, to WISE a USD denominated balance, convert it to a balance denominated in Thai Baht, and then deposit the entire amount into an account in Bangkok Bank. 

 

If different, can someone provide detail? I am new to using WISE and all of the rules and costs and conditions are a bit overwhelming... 

WISE charged me  GBP4.78 to convert 827.65 into THB 35000, and then THB 44.60 to send it to Bkk Bank. I have not sent GBP directly to my Bkk Bank as I like to wait for a good rate, but I do not think there is much difference whichever way you do it. That's GBP, no idea about USD, sorry.

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