January 4Jan 4 TrueMoney now allows you to transfer money abroad, and not just to bank accounts but also e-wallets and even cash. The rates appear genuinely competitive particularly with small transfers. Within the App you can typically see a price comparison with the three Thai banks and Wise. This obviously varies depending on the country you're sending to etc.Unsurprisingly this is limited to foreigners with Advanced level (i.e. those with residency qualifications such as a work permit etc):Eligibility:This is True's Sales Pitch on their website:When they compare with other banks and fintech companies they anonymize them. This is what AI says about this:What type of destination you can send to depends on the country. For example with China you can only send to eWallets currently:
January 4Jan 4 Seems complicated. Home page has no English translation and though I was able to find the money transfer page in English I got the feeling this was mainly for people who already had True Wallet, Is this the case?
January 4Jan 4 Popular Post How can it compete with Wise, since with Wise you can't send money overseas from Thailand, and I guess True money can't be used to send from Europe to Thailand
January 4Jan 4 Author 5 minutes ago, CallumWK said:with Wise you can't send money overseas from ThailandI should have said DeeMoney. Although I'm sure Wise would like to muscle into the market so it will probably be future competition.
January 4Jan 4 Author 17 minutes ago, jaywalker2 said:Seems complicated. Home page has no English translationI'm not really sure what you're talking about. Are you on some web page or something? You need to download the App and you'll find it can switch to English. To make use of Truemoney you will need the True wallet since that is the very core of the App.
January 4Jan 4 Interesting. Looks like it can be complementary to using Wise, should you want to send cash out of Thailand and don't like being wallet-raped by the mainstream Thai money changers.The gold buying function also looks interesting.
January 4Jan 4 Author 17 minutes ago, BeastOfBodmin said:The gold buying function also looks interesting.That is Thais only "currently".
January 4Jan 4 1 minute ago, Gaccha said:That is Thais only "currently".Really? Luckily my wife likes gold too...
January 7Jan 7 On 1/4/2026 at 2:34 PM, CallumWK said:How can it compete with Wise, since with Wise you can't send money overseas from Thailand, and I guess True money can't be used to send from Europe to ThailandMy Thai friend transferred a 212.000 THB to my Euro account in Netherlands, just 3 Jan '26. with Wise. No problem at all.
January 7Jan 7 Popular Post 1 hour ago, Harry Vibhavadi said:My Thai friend transferred a 212.000 THB to my Euro account in Netherlands, just 3 Jan '26. with Wise. No problem at all.He must be special, because it is not possible to transfer from a Thai bank account with Wise, and everyone here can confirm that.
January 7Jan 7 On 1/4/2026 at 8:46 PM, Gaccha said:Although I'm sure Wise would like to muscle into the market so it will probably be future competition.I'm sure they would, but this would be dependent on the Bank of Thailand as banking regulators allowing this.
January 7Jan 7 2 hours ago, CallumWK said:He must be special, because it is not possible to transfer from a Thai bank account with Wise, and everyone here can confirm that.Despite what Wise say it is possible, but it's convoluted and an expensive way to get money out if Thailand. For a small one-off payment it might be acceptable for the convenience.It works by using your Thai bank card to pay for a (for example) GBP to GBP transaction so looks like any other overseas purchase to the Thai bank, and Wise get given the money in GBP. Wise may not even be aware that it originated from a Thai bank account.
January 7Jan 7 1 minute ago, treetops said:Despite what Wise say it is possible, but it's convoluted and an expensive way to get money out if Thailand. For a small one-off payment it might be acceptable for the convenience.Nice deflection.Nobody said you can't transfer money out of Thailand.You can not transfer money out of Thailand using WISE.
January 7Jan 7 Just now, CallumWK said:Nice deflection.Nobody said you can't transfer money out of Thailand.You can not transfer money out of Thailand using WISE.Not sure what you mean by nice deflection but as explained I can get money from my Thai bank to my UK bank via Wise by the method I briefly outlined. There's a full write up here if you're interested (not written by me).https://web.facebook.com/groups/wisesolutions/posts/3523849101177770
January 7Jan 7 Just now, treetops said:Not sure what you mean by nice deflection but as explained I can get money from my Thai bank to my UK bank via Wise by the method I briefly outlined. There's a full write up here if you're interested (not written by me).https://web.facebook.com/groups/wisesolutions/posts/3523849101177770So you do not use Wise to get the money from Thailand to the UK. You use the service your bank provides to transfer GBP to the UK
January 7Jan 7 Just now, CallumWK said:So you do not use Wise to get the money from Thailand to the UK. You use the service your bank provides to transfer GBP to the UKI don't know why you're trying to pick holes in it as it seems like what Harry Vibhavadi's friend may have done to pay 212 THB equivalent to his Euro account, using Wise. It's certainly possible using Wise and the method outlined.It's not paying for a Wise conversion as we typically do it when sending money from our home country to Thailand because Wise don't do that, as you rightly point out, but it has the same end result of taking money from a Thai bank account and depositing it in an overseas account using Wise.
January 7Jan 7 1 hour ago, treetops said:I don't know why you're trying to pick holes in it as it seems like what Harry Vibhavadi's friend may have done to pay 212 THB equivalent to his Euro account, using Wise. It's certainly possible using Wise and the method outlined.It's not paying for a Wise conversion as we typically do it when sending money from our home country to Thailand because Wise don't do that, as you rightly point out, but it has the same end result of taking money from a Thai bank account and depositing it in an overseas account using Wise.I agree with you. A Thai bank card can be used to add money to a Wise account balance, which can then be used to fund a transfer to any destination and in any currency that Wise supports.Another option is making a SWIFT transfer from a Thai bank to Wise account details elsewhere, such as EUR or USD. The resulting balance can then also be used to fund any Wise transfers.What's currently not possible, on the other hand, is sending THB from a Thai bank to a Wise account as a domestic transfer. That would be a great feature to have.
January 12Jan 12 On 1/4/2026 at 1:07 PM, Gaccha said:The rates appear genuinely competitive particularly with small transfers. Within the App you can typically see a price comparison with the three Thai banks and Wise. This obviously varies depending on the country you're sending to etc.Unsurprisingly this is limited to foreigners with Advanced level (i.e. those with residency qualifications such as a work permit etc):I just got approved for Advanced Level using my Thai Driving License as ID. Rate to send to a GBP account is loaded by 0.55% compared to Wise/XE mid market and 199 baht fee. Can't see me using it but just curious about the costs.
January 12Jan 12 5 hours ago, treetops said:I just got approved for Advanced Level using my Thai Driving License as ID. Rate to send to a GBP account is loaded by 0.55% compared to Wise/XE mid market and 199 baht fee. Can't see me using it but just curious about the costs.0.55% is good for a transfer out of Thailand
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