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GBP....Transfering from 1 FCA to another FCA

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I have GBP FCA ( foreign currency account) with Bangkok bank for best part of 8 years with few thousand pounds in the account.

 

With all what been going on and bad reviews with BBL I decided to open a second GBP FCA with SCB ( not to keep all my eggs in one basket ).

 

My plan is to transfer £2000 out of the BBL GBP account into my newly opened SCB in GBP sterling.

 

I went into BBL today to make the transfer, the teller said the only way to make the transfer is via SWIFT and the fees would be over 1,000฿ plus  0.5% of amount I want to transfer in total around £40 in fees for a £2000 transfer ( which I think is ridiculous and taking advantage ).

 

I'm going into the main BBL main branch on silom road on Friday to speak to someone and get a second opinion as I'm thinking my local BBL haven't got a clue.

 

Much appreciated any feedback, advice.

 

 

I’ve heard about issues like this before with foreign currency accounts. Basically you have to convert the money to Thai baht in order for it leave the account. So the accounts are useless. 

  • Author
4 hours ago, Everyman said:

I’ve heard about issues like this before with foreign currency accounts. Basically you have to convert the money to Thai baht in order for it leave the account. So the accounts are useless. 

Yes that's one-way to get my cash.

Teller said to withdraw in Thai BAHT at 2% Bangkok bank fee then take the baht to a money exchange then transfer into GBP notes.

But then when I pay in the cash with SCB I be hammered with they fees became of cash deposit.

Bloody shambles !!!

For a simple £2000 transfer I be hit with fees around £60 using this method.

8 hours ago, dayo202 said:

the teller said the only way to make the transfer is via SWIFT and the fees would be over 1,000฿ plus  0.5% of amount I want to transfer in total around £40 in fees for a £2000 transfer ( which I think is ridiculous and taking advantage ).

 

Not ridiculous, that charge for SWIFT is not uncommon in the world

  • Author
17 minutes ago, Dante99 said:

Not ridiculous, that charge for SWIFT is not uncommon in the world

Swift transfers are for overseas international transfers, and not a straight forward domestic bank wire transfer.

My money is just moving from one Thai bank to another Thai bank why is Bangkok bank using the swift method ?

 

4 minutes ago, dayo202 said:

Swift transfers are for overseas international transfers, and not a straight forward domestic bank wire transfer.

My money is just moving from one Thai bank to another Thai bank why is Bangkok bank using the swift method ?

 

 

Because that's the only way to transfer foreign currency between two separate banks. The domestic clearing systems are only built to handle Thai Baht.

Don't waste your time just because its in pounds now as far as I know the only way to get you hand back on physical pounds is to transfer them to a UK bank'

 

For my FCD' account at K'Bank' all I can see without going to branch is the total balance and what the total is if I went and changed it to Baht , another example to test is if you want to pay in pounds at the branch you can't so every year at visa time I have to give for example £10 in Baht say 400bt then they change it to pounds to add to my FCD to satisfy IMO' others may tell you otherwise

  • Author
3 minutes ago, sammieuk1 said:

Don't waste your time just because its in pounds now as far as I know the only way to get you hand back on physical pounds is to transfer them to a UK bank'

 

For my FCD' account at K'Bank' all I can see without going to branch is the total balance and what the total is if I went and changed it to Baht , another example to test is if you want to pay in pounds at the branch you can't so every year at visa time I have to give for example £10 in Baht say 400bt then they change it to pounds to add to my FCD to satisfy IMO' others may tell you otherwise

I many have to bite the bullet and pay the swift fees !!.

Just a box stand transfer I was guessing between to Thai bank accounts, I wasn't expecting this run around 🥱 😪 l.

Cheers 🍾 

Just change it into Baht .. my lump got delayed and arrived the day of Brexit where it's sat for 9+ years waiting for it to recover no interest and sure no recovery now🤔 

OP, have you investigated the possibility of using a foreign currency draft for the transfer? Bangkok Bank certainly sells them in GBP, and SCB accepts them.

nothing untward here.  You are slaging off BB when in fact the same conditions apply should you wish to do a reverse FCD transfer from your SCB account. 

On 9/24/2025 at 6:42 AM, dayo202 said:

Yes that's one-way to get my cash.

Teller said to withdraw in Thai BAHT at 2% Bangkok bank fee then take the baht to a money exchange then transfer into GBP notes.

But then when I pay in the cash with SCB I be hammered with they fees became of cash deposit.

Bloody shambles !!!

For a simple £2000 transfer I be hit with fees around £60 using this method.


The withdrawal of foreign currencies kept in an FCD comes with ZERO fees, if withdrawn in Thai Baht. This happens at the realtime actual exchange rate of the moment of conversion into Thai Baht. 

The commission referred to applies to:
- withdrawing the foreign currency in the same currency in cash
- transferring it as foreign currency by converting it into Thai Baht and then reconverting it back to the foreign currency

These FCD only make sense to park some foreign currency which you then can convert realtime at the time of an attractive exchange rate OR if you need the money. Everything else is nonsense and has nothing to do with professional banking. 

  • Author
4 hours ago, jippytum said:

nothing untward here.  You are slaging off BB when in fact the same conditions apply should you wish to do a reverse FCD transfer from your SCB account. 

I'm not slagging anyone off , just pointing out the fact of the matter !!

Not the same conditions between both banks

 

Bangkok Bank cash withdrawal 2%

SCB cash withdrawal 1%

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