Transfer of 800K using Wise for 1 Year Extension Visa

[lamyai3]

On 5/17/2025 at 7:44 PM, Wyabcp said:

Thanks but so far Krungsri have been fine. Slow to setup account with lots of signing etc., but staff were good and patient. It's typical of the type of process in Thailand . Once i got the account, everything was great, app etc.. No complaints, i guess we'll see... 

Krungsri is great regarding getting everything done the same day at Chaengwattana. And the staff there always seem to be well informed on the requirements from immigration upstairs. 

[hotandsticky]

8 hours ago, treetops said:

 

For USD transfers?

 

The principle is true for every currency.... unless the Yanks are getting a bum deal on WISE charges - or US banks are giving away SWIFT transfers.

[StandardIssue]

On 5/16/2025 at 12:48 AM, Wyabcp said:

Hi all, I'm currently in Bangkok on my first week on a Non O Visa from the UK. I need to transfer the 800,000 Baht, so that I can apply for the 1 year extension. I have setup a bank account at Krungsri Bank in Bangkok Phrom Phong. Can I send the 800K Baht using Wise ? I know that maximum that can be transferred is 500K each time, so I would need to do 2 x transfers.

Will the Immigration office be ok with a transfer from Wise for the 1 year extension ? I could use Barclays Swift payment, but would be much more expensive.

thanks!

I'm from USA so I use SWIFT which I believe UK Banks also provide as a wire transfer service. Can do it using Swift in one lump sum.

[StandardIssue]

On 5/17/2025 at 4:20 AM, crazykopite said:

 

As far as I know it doesn’t matter where the money came from as long as you have 800k in your Thai bank for a certain amount of time it’s either 2 or 3 months and all you do is go to your bank getting a statement confirming what’s in your bank and present to immigration when you apply 

It does have to originate form outside the country as far as I know .. it does matter where the money comes from.

 

[Wyabcp]

4 hours ago, DrJack54 said:

Sorry but that makes no sense.

You can apply for single entry Non O from visa exempt entry or tourist visa entry. 

You can apply for 12 months extension.

Multi Entry Non O is no longer available.

You can obtain multi reentry permit which is completely different. 

 

As far as attend CW without appointment yes you just do a walk in.

My preference is to arrive prior to lunch break to obtain que # then attend to docs during lunch break.

Works well

Yes, got it, messed up the wording, i guess it's  the re-entry permit i will need... Maybe I'll start a new thread on that after some research 

[Dan O]

On 5/16/2025 at 4:22 AM, Wyabcp said:

Yes I agree, but the problem is the Barclays Bank exchange rate is very bad. And this I think makes  Wise cheaper

You shouldn't do the exchange at your origin bank. Do the exchange on arrival at Krungsri. The rate is much better and no additional fees. You can ask the for a Credit Note if you want proof of international transfer. Swift transfers are always coded correctly. 

[treetops]

13 hours ago, hotandsticky said:

The principle is true for every currency.... unless the Yanks are getting a bum deal on WISE charges - or US banks are giving away SWIFT transfers.

 

Not every currency and as Yellowtail mentioned for USD above a certain point a Swift transfer is better.  Another poster worked it out as being just over $20K USD for him IIRC but the $10K mentioned may be just as true.

 

The reason is that with the USD being the most traded currency, the spread on it used by the banks is much smaller.  I did the sums in another thread recently and at that time the spread Bangkok Bank used on the USD was 0.88% whereas on the GBP it was over 2%.  This benefits those sending USD direct to Thai banks whereas those of us sending GBP, EUR etc get the bum deal from the banks and Wise seems to always win.

 

I never dug too deep but think that when the spread is less than the percentage element of Wise' fees then Swift will win afer a certain value, whereas when the spread is greater then Wise wins.

[Yellowtail]

12 hours ago, Dan O said:

You shouldn't do the exchange at your origin bank. Do the exchange on arrival at Krungsri. The rate is much better and no additional fees. You can ask the for a Credit Note if you want proof of international transfer. Swift transfers are always coded correctly. 

This is key using swift, if you let the origin bank (in my case Chase in the US), they offer the transfer "free", but rape you on the exchange rate. 

 

When I pay the $45 transfer fee, the Thai bank does the conversion, and they typically call me to approve the rate before they do the conversion. 

[Dan O]

2 hours ago, Yellowtail said:

This is key using swift, if you let the origin bank (in my case Chase in the US), they offer the transfer "free", but rape you on the exchange rate. 

 

When I pay the $45 transfer fee, the Thai bank does the conversion, and they typically call me to approve the rate before they do the conversion. 

Exactly. The origin banks make the bulk of their fees from the conversions and you always get a better rate converting it at the destination bank. Added bonus with swift is its always coded correctly as an international transfer so no chasing extra documents or reports from inter-banking movements like with many "money movers"