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long term solution to moving money from US to Thailand

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Wise will definitely send a replacement card to Thailand, provided you have established the Wise account and initial card while in the US, using a US address and proof of ID/bona fides etc.

 

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  • Will B Good
    Will B Good

    To build a **quiet, durable, and self-sustaining pipeline** for transferring money from the U.S. to Thailand—without triggering scrutiny or requiring physical presence—you’ll want a setup that’s:

  • I'm not a believer that Thailand will tax expats' incoming funds for the foreseeable future, but what makes you think multiple smaller ATM withdrawals would be treated any different from fewer large b

  • emptypockets
    emptypockets

    That was very hard to ## read##.

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16 hours ago, steve2112 said:

thanks, i like your option 1 above assuming "Wise is regulated and discreet; doesn’t trigger red flags unless volumes spike." is 100% accurate

That wasn't his opinion at all, it was copy pasted from ChatGPT. For the rest of us we just use Wise.

 

 

OP one point of order:

 

I have lived overseas 20+ years.  I can attest you can validate new credit cards, both Visa & Master Card outside the USA.

 

It says on the little decal on card to validate by calling from number on your account, but any US number will work just fine.  I used Skype to do this for many years.  Now use Voip.ms.

 

As with all things  YMMV.

 

Have a great day.

17 hours ago, Will B Good said:

Wise (formerly TransferWise)

Yes, we all know that by now.     And Twitter is now called X.   And Thai Visa is now Asean Now.    And Biden is now Trump.    555

4 hours ago, Presnock said:

you could always contact the State Department Federal Credit Union  (sdfcu.org) and set up an acct there.  When BOA closed myu 50year-old account as I retired in Thailand with ony a Thai address and no US phone number, I learned about the SDFCU (not a US State Department bnak) nor do you have to be a government employee to join.  They will advise you of a list of organizations that you can choose from to join and then will open an account for you with credit cards, etc.  I forward my govt annuity to that bank, and then just wire money I want here.  You cold use the international credit cards they give  you a the ATM.  They also advertise the use of WISE for sending funds instead of the normal bank transfers as a possible cheaper method.  I have been a happy user of this bank for 6 years now with no problems.

Thirty Three years with them, never a problem transferring money between banks, domestic or overseas.  Didn’t know about Wise/SDFCU connect, I will start using them as well.

11 minutes ago, Explorator en Actione said:

Thirty Three years with them, never a problem transferring money between banks, domestic or overseas.  Didn’t know about Wise/SDFCU connect, I will start using them as well.

 

Screenshot_20251006_145933_Opera.jpg

1 hour ago, KannikaP said:

Yes, we all know that by now.     And Twitter is now called X.   And Thai Visa is now Asean Now.    And Biden is now Trump.    555

 

 

Stop it....you're killing me....🙄

I’ve been using Wise ever since Bangkok Bank discontinued transfers thru thier New York branch… They work great but I continually hear of someone’s transfer being slowed down ot their account being frozen… I have never experienced this I assume as I don’t have a very complicated Wise setup (One Us account going to one Thai account in my name and I place funds in the Wise account before I request transfer to my Thai bank… I keep about $1k Thai baht with Wise at a competitive interest rate)… That being said I think inevitably I will locked out or cancelled by Wises computer algorithm that seems to haunt everyone… As a backup I have Remity app that basically works just like Wise as a second transfer method… I make a point to make a transfer thru them a couple times a year to keep the account active and it has about the same rate/cost as Wise… But I still prefer Wise as I like thier phone iPad app interface … Here’s a screenshot of the twos rates… Remitly then Wise…

Screenshot_20251006_152708_Remitly.jpg.70d8e2f54e301966b347ad5d606b0c01.jpg

Screenshot_20251006_153121_Wise.jpg

Most banking institutions like Fidelity will not let you keep your account if you're living in Thailand. If you can keep a US address (and NOT just a p.o. box or similar type address) you MAY get to keep your account. 

2 hours ago, Explorator en Actione said:

Thirty Three years with them, never a problem transferring money between banks, domestic or overseas.  Didn’t know about Wise/SDFCU connect, I will start using them as well.

yeah I transfer money from SDFCU monthly sometimes more than once a month but previously I did the monthly at least 65K  (I always sent much more than that) for my retirement O visa extension...I have never had any problem with the bank tansfers - always within 24hr from my submission of wire transfer request I received it here in bangkok bank...but SDFCU has also informed me that some people use WISE to do their transfers and that it could possibly be cheaper they say than the bank charge.  I compared and not enough for me to concern myself so I continue with the bank transfers.  Good luck to you.

A practical option is to keep your Fidelity account but also set up and Wise or Revolut account for regular transfers, since they handle currency conversions well and keep things transparent. Many expats combine both methods, ATM for short term, Wise for large planned transfers. So you stay flexible without tax headaches. You can learn How others manage this setup smoothly.

On 10/6/2025 at 10:31 AM, Presnock said:

you could always contact the State Department Federal Credit Union  (sdfcu.org) and set up an acct there.  When BOA closed myu 50year-old account as I retired in Thailand with ony a Thai address and no US phone number, I learned about the SDFCU (not a US State Department bnak) nor do you have to be a government employee to join.  They will advise you of a list of organizations that you can choose from to join and then will open an account for you with credit cards, etc.  I forward my govt annuity to that bank, and then just wire money I want here.  You cold use the international credit cards they give  you a the ATM.  They also advertise the use of WISE for sending funds instead of the normal bank transfers as a possible cheaper method.  I have been a happy user of this bank for 6 years now with no problems.

I added my wife and my daughte4r as co-holders of my SDFCU account so that if I pass away, they still have instant access to the funds there.  I so desired, my wife could continue receiving her share of the annuity at that bank until she changes to a Thai bank if desired as she is a Thai citizen the Us can stop taking out taxes monthly while the Thai govt can begin taxing that money from a US govt pension.

On 10/6/2025 at 10:31 AM, Presnock said:

you could always contact the State Department Federal Credit Union  (sdfcu.org) and set up an acct there. 

 

Navy Federal is also convenient for expats.

I just got a new credit card account opened, with card mailed to Thailand.

 

Don't have to be a navy veteran to join.  Basically, to become a member you have to know someone who has a third cousin who once watched a Popeye cartoon OR you once heard a Village People tune OR you contribute $5 to some charity organization.

On 10/5/2025 at 11:11 PM, FriscoKid said:

I would also suggest setting up a Revolut account as a backup to Wise. It only takes a few minutes to create an account. This way, if you are relying on your Wise account and a problem suddenly comes up where you can't use the account, you could switch to Revolut. It works more or less the same for spending from a US$ funded account to make purchases using a debit card in Thailand.

 

For now, I just keep a small amount of money in my Revolut account in case I ever need it. I have never used it for anything beyond adding that bit of money and doing a couple of small test purchases and it works fine, just like Wise. The nice thing is you can set up both accounts now, Wise and Revolut, without putting any money into them until you are ready to use them. At least the accounts and debit card facilities will be ready for you before you move to Thailand.

 

For my Revolut account, I never even bothered with getting a physical card. Don't need it. I just created a digital card in the Revolut app and added it to my Apple wallet like with my digital Wise card. 

 

The problem with Revolut is that they have become hardcore informers for the tax authorities of the countries they operate in. They will consistently ask for your details and pass these on to the tax authorities in your home country.

Best and safest way to bring ca$h in ?

 

Carry in cash within the legal limits of course between your home land, and country of transit and Thailand.

 

Change the cash in THB once here. Problem solved. 

On 10/6/2025 at 3:37 PM, HappyExpat57 said:

Most banking institutions like Fidelity will not let you keep your account if you're living in Thailand.


Not true. You can have a Fidelity account with an overseas and/or a Thai address on it. Main limitation if you reside outside the US is that you can't invest in mutual funds if you are an overseas Fidelity account holder. But you can still invest in all of their other products. 

1 hour ago, Cameroni said:

 

The problem with Revolut is that they have become hardcore informers for the tax authorities of the countries they operate in. They will consistently ask for your details and pass these on to the tax authorities in your home country.


Good to know. I only have a relatively small balance in the account. I've had it for about 8 months now and I haven't heard from them since opening the account. But they can have that information if they want or need it. I have nothing to hide from the tax authorities in my home country. 

7 minutes ago, FriscoKid said:


Not true. You can have a Fidelity account with an overseas and/or a Thai address on it. Main limitation if you reside outside the US is that you can't invest in mutual funds if you are an overseas Fidelity account holder. But you can still invest in all of their other products. 

No, you are talking about Fidelity International, not the same as US based Fidelity. Fidelity International is a global asset management firm with a significant international presence, though it is a separate entity from the U.S.-based Fidelity Investments. Established in 1969 as an international arm of Fidelity Investments, it became an independent company in 1980 and offers investment, retirement, and asset management services to clients in Europe, Asia, and other regions. 

5 minutes ago, HappyExpat57 said:

No, you are talking about Fidelity International, not the same as US based Fidelity. Fidelity International is a global asset management firm with a significant international presence, though it is a separate entity from the U.S.-based Fidelity Investments. Established in 1969 as an international arm of Fidelity Investments, it became an independent company in 1980 and offers investment, retirement, and asset management services to clients in Europe, Asia, and other regions. 


I am talking about US Fidelity. I have spoke spoken with Fidelity in the US many times about this over the phone. They told me that I could open an account with them in the US, while residing in Thailand with a Thai address on the account, as long as I appear in person at a Fidelity branch in the US initially to open the account. This applies to both US and non-US citizens. Call them yourself if you don't believe me: +1-800-544-5315

1 hour ago, Middle Aged Grouch said:

Best and safest way to bring ca$h in ?

 

Carry in cash within the legal limits of course between your home land, and country of transit and Thailand.

 

Change the cash in THB once here. Problem solved. 

Then what? Put it in a Thai bank account?

37 minutes ago, HappyExpat57 said:

No, you are talking about Fidelity International, not the same as US based Fidelity. Fidelity International is a global asset management firm with a significant international presence, though it is a separate entity from the U.S.-based Fidelity Investments. Established in 1969 as an international arm of Fidelity Investments, it became an independent company in 1980 and offers investment, retirement, and asset management services to clients in Europe, Asia, and other regions. 

 

I opened my Fidelity account in 1985.  Then in 2010 or thereabouts, due to all my debit card and swifty activity localized in Thailand, they determined I was resident in Thailand, and my account was restricted.  Would remain so until I appeared in person at a stateside branch with a current utility bill in my name.  Until then, account could remain open, but unable to purchase US-registered mutual funds.  Could keep the ones I had, could continue to reinvest dividends in those funds, but no new mutual fund purchases.

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