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I'm currently thinking whether to open a Wise multi currency account in THB and how that would be beneficial.

 

As far as I understand I could use this to change my home currency into THB ahead of time, whenever the exchange rate appears favorable.

 

But how can I spend the accumulated THB later?

 

- I know I can get a Wise credit card (physical or virtual) and use that for my purchases in Thailand. But I don't really use a credit card in Thailand that often.

 

- also I could withdraw money from ATM, but the monthly Wise limit and the Thai ATM fee doesn't really make this option attractive

 

- what would be useful for me though is transferring THB from Wise to a Thai bank account, for example to pay my rent or other bills. Is this possible with a Wise multi currency account balance in THB? Would it cost additional fees for the bank transfer, or are the fees already charged when I convert my home currency into THB when I deposit into my Wise THB account?

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