Thank you for all the research you did..

reading all this...I'm not sure that I can maintain a balance in Wise NYC.. and transfer when I want.

I have a direct deposit going into that bank every month.

It sounds like, as soon as they receive my deposit, they will convert and transfer here. I will wait until next months deposit to find out....

And....face scan.......I have trouble with BBK bank and K bank's face scan requirement. Doesn't work for me every time..too ugly I guess.

I hate change.

2 hours ago, JohnOFphon said:

I'm not sure that I can maintain a balance in Wise NYC.. and transfer when I want.

I have a direct deposit going into that bank every month.

It sounds like, as soon as they receive my deposit, they will convert and transfer here

That's not going to happen. Below is the likely but not certain situation that will arise:

The money you move into Wise will be converted automatically to Thai baht. You can then convert it back to US dollars and sit it in your US dollar account. You will still have a US dollar currency account. If, however, you have a US dollar virtual account-- a very different thing-- that will probably vanish.

When it is auto converted to Thai baht it will be regarded as a 'remittance' in Thai tax law. So for example if you transfer $10,000 then your income in Thailand that year will increase by $10,000, even if that $10,000 you put into Wise you actually proceed to transfer to Germany or anywhere else in the World.

Not directly connected with this thread, but I've noticed that since January 1st Wise no longer show the year on the transaction date. It was useful for specifying exactly when I receive my monthly payments, and now I have to keep a screen shot of my BKK Bank statement to marry up the date of the transfer. No big deal, but why the heck would they do that, I wonder. Trying to email them to ask just sent me round in circles.

On 2/26/2026 at 8:12 AM, Andrew Dwyer said:

Receiving payments in non-THB currencies: If you receive payments in currencies other than THB, we'll automatically convert the amount to THB and add it to the THB balance in your Wise Account. Relevant currency conversion fees will apply. This includes non-THB payments received from other Wise users or using account details (e.g. USD account details).

I send to myself about GBP 820 from my UK State Pesnsion, via Nationwide, then exchange it for THB 35000 per month. How will this be affected please, anyone?

2 hours ago, wil iam not said:

How will this be affected please, anyone

Your situation is the least complicated and the least affected by all this, but you are still affected.

The British Pound will immediately be converted to Thai baht. You are then free to immediately convert them back to pounds within Wise or you may keep them as Thai Baht.

For tax purposes, the moment of auto conversion to Thai baht will count as a "remittance" to Thailand (this is not yet certain but appears to be the likely situation). In other words, you cannot tactically wait for the Thai baht to weaken.

You cannot store the Thai baht away from the tax authorities for the reason below.

If you are a Thai tax resident then any money remitted into Thailand counts as taxable. However, as a pension, and for many other reasons, it is possible that the sum "remitted" is not taxable. In other words, the normal rules apply.

Wise calls this "convert and hold" feature. To change from THB to another currency. The conversion fee is from 0.33% to 0.43% depending on the currency pair (THB to USD).

https://neobanque.ch/blog/wise-bank-of-thailand-regulated-money-transfer-app/

This lists the points on the withdrawn "upcoming changes to wise in Thailand" page.

Just realised not opening..should be ok if you type it out..

Just now, Gaccha said:

The British Pound will immediately be converted to Thai baht. You are then free to immediately convert them back to pounds within Wise or you may keep them as Thai Baht.

So I must always make sure that the amount of GBP I put in my WISE (UK) account, does not exceed the amount I want to transfer to Bkk Bank monthly for IO purposes. Which makes WISE only any use to do the Thai transfer. If I want to pay for anything in USD or EUR, I shall have to use Revolut, or suffer the double change GBP-THB-USD.

Just now, Gaccha said:

The money you move into Wise will be converted automatically to Thai baht.

I just moved GBP200 to WISE GBP from my UK bank. It is still there in GBPs at the moment.

6 minutes ago, wil iam not said:

So I must always make sure that the amount of GBP I put in my WISE (UK) account, does not exceed the amount I want to transfer to Bkk Bank monthly for IO purposes. Which makes WISE only any use to do the Thai transfer. If I want to pay for anything in USD or EUR, I shall have to use Revolut, or suffer the double change GBP-THB-USD.

2 minutes ago, wil iam not said:

I just moved GBP200 to WISE GBP from my UK bank. It is still there in GBPs at the moment.

Wise changes begin May 19.

One thing which seems clear to me from this thread is that anyone for whom a Wise account was an emergency Plan B in the event of their home country bank account being abruptly closed against their will may well need to think again after 19 May. Even if payments from Wise accounts in home country currency were still possible after this date, these would presumably then be subject to a double whammy on the exchange rate conversion front in practice.

Plan B in the event of their home country bank account being abruptly closed against their will.

5 minutes ago, OJAS said:

Good question !

I thought about that issue number of times

I have two FSA here in Thailand, I would probably swift transfer into them account in GBP.

Or Lloyds offshore account

Plan B is registering with another service.

"currencyfair" looks quite good for me. Will try my luck.

Proof of address in Thailand might be the hurdle.

Plan C is pension offices send directly to Kasikorn 😝 and close home country account.

27 minutes ago, KhunBENQ said:

Plan B is registering with another service.

"currencyfair" looks quite good for me. Will try my luck.

Proof of address in Thailand might be the hurdle.

When I checked out CurrencyFair, residents of Thailand couldn't use their services. Has that changed recently? Proof of address shouldn't be an issue in itself, they would probably accept one of the usual documents.

On 2/26/2026 at 1:02 PM, Everyman said:

So….I can still transfer money from my US checking account to my account at Bangkok Bank? I have never held currency with Wise nor I have ever had a “Wise Card.”

Yes, no change for you. I'm in the same situation, use Wise to do an ACH pull from my US bank and send it on to Thailand. Switched to Wise when the ACH transfer mechanism thru Bangkok Bank New York closed down. Keep it simple with Wise, and you shouldn't get runover.

21 hours ago, Caldera said:

When I checked out CurrencyFair, residents of Thailand couldn't use their services.

Haven't seen. Thanks for the hint.

Will look on.

21 hours ago, Caldera said:

When I checked out CurrencyFair, residents of Thailand couldn't use their services.

@KhunBENQ - neither can residents of Thailand use the services of Remitly, Revolut and Currencies Direct, all of whom I've checked out recently as possible alternatives to Wise. You can only register with any of them on the basis of a home country address.

Bad news but saves me time to research. Thanks

On 3/5/2026 at 1:20 PM, chang50 said:

Not at all I can't imagine where you got such a bizarre idea from.If you look back you will see I was talking about updating my Thai address.

Nothing bizarre about it.

It was a polite enquiry, and based upon the numerous posts regarding signing up in Thailand or home country.

Whereby others have said that accounts opened in their homeland, would not be subject to automatic currency conversion to Thai baht.

You replied to a member, who opened his account in his homeland. You suggested he change his wise address to match his bank address.

Somewhat ambiguous statement. And if your wise account is greyed out, you cannot change the address, without contacting Wise.

On 3/7/2026 at 10:52 AM, Gaccha said:

When it is auto converted to Thai baht it will be regarded as a 'remittance' in Thai tax law.

Surely that (and everything else in this thread) is only true if your Wise account is located in Thailand and therefore you are remitting money to Thailand by simply putting money into the account... I.e. UK BANK ---> Wise account located in Thailand = Money remitted to Thailand.

If your Wise account is not located in Thailand then I don't see how that could be true.

I.e. UK BANK ---> Wise account located in UK = No remittance to Thailand.

Edit: Having read the neobanque.ch post above it seems clear that Wise is turning it's Thailand located accounts into psuedo Thai Bank Accounts which explains the auto conversion to THB & the fact that the money is considered remitted. This may change as they refine their Non-THB currency products in Thailand but personally I would avoid using them for transferring money to Thailand unless I was comfortable with effectively having it directly paid into a Thai "Bank Account" (i.e. not bothered about FX rates or tax impacts).

1 hour ago, Raindancer said:

Nothing bizarre about it.

It was a polite enquiry, and based upon the numerous posts regarding signing up in Thailand or home country.

Whereby others have said that accounts opened in their homeland, would not be subject to automatic currency conversion to Thai baht.

You replied to a member, who opened his account in his homeland. You suggested he change his wise address to match his bank address.

Somewhat ambiguous statement. And if your wise account is greyed out, you cannot change the address, without contacting Wise.

Or perhaps you got hold of the wrong end of the stick?I suggest reading the entire thread to get the context of my post.

I currently have both my company and UK state pensions paid directly into Wise.My plan for what it is worth is to wait until April when we should find out what verification docs. are required by Wise.We can only guess what these might be for now,Should this process prove to be too problematic then I have already asked for and received from my UK company pension provider a Thai bank mandate form to have it paid into my Thai bank account.Then I would need to phone the International Pension Centre in the UK to have my state pension also paid directly into my Thai bank.

I live in Thailand on a PE Visa and am Tax Resident in Thailand and in Norway (because they say I can stay in my childrens property).

I use Wise for my Pension Payments from Norway and the UK and I have to date not received any notifications About what is covered here.

I have however just noticed that the address on my Wise Bank Statements has changed from one in London to this one in Thailand:

Wise Payments (Thailand) Limited

999/9, The Offices at Central World, Common Ground Zone, G

Floor, Unit C08, Rama I Road, Pathumwan

Bangkok

10330

Thailand

15 minutes ago, vibration said:

I live in Thailand on a PE Visa and am Tax Resident in Thailand and in Norway (because they say I can stay in my childrens property).

I use Wise for my Pension Payments from Norway and the UK and I have to date not received any notifications About what is covered here.

I have however just noticed that the address on my Wise Bank Statements has changed from one in London to this one in Thailand:

Wise Payments (Thailand) Limited

999/9, The Offices at Central World, Common Ground Zone, G

Floor, Unit C08, Rama I Road, Pathumwan

Bangkok

10330

Thailand

Don't think anyone has been notified as such it was just something generally released by Wise and then quickly withdrawn.

1 hour ago, chang50 said:

Don't think anyone has been notified as such it was just something generally released by Wise and then quickly withdrawn.

Question to Gemini: is Wise still planning to make changes to thailand setup

Reply: "Yes, Wise is proceeding with a major transition to a locally regulated entity under the Bank of Thailand, with significant changes effective on or after May 19, 2026.

Verification: Starting in April 2026, Wise will require users to provide additional verification documents to meet Bank of Thailand requirements."

"Wise will likely ask for:

Updated ID: A fresh scan of your passport.

Thai Residency Proof: A Thai driving license, yellow house book (Tabien Baan), or a long-term visa stamp.

Biometric Enrollment: You'll likely need to do a "liveness check" (moving your head in front of the camera) to set up the biometric signature required for those 50k+ transfers."

3 hours ago, vibration said:

I have however just noticed that the address on my Wise Bank Statements has changed from one in London to this one in Thailand:

Wise Payments (Thailand) Limited

999/9, The Offices at Central World, Common Ground Zone, G

Floor, Unit C08, Rama I Road, Pathumwan

Bangkok

10330

Thailand

That's very interesting. And highly unusual that they didn't notify their users in Thailand BEFORE making that move.

Contrast that to the infamous PayPal move to Thailand. While that did end up as a disaster for their non-Thai customers based in Thailand, at least their Singapore entity (where those accounts had been managed before the move) notified us about the move beforehand and were given the option to close our account before it went into effect.

None of us have entered into any kind of agreement with Wise Payments (Thailand) Limited yet, after all.

Question to Gemini: "can Wise legally become a locally regulated entity under the Bank of Thailand without notifying thai customers first"

Reply:

"Advance Notification: Wise has already begun notifying Thai customers that they will transition to a local entity fully licensed and regulated by the Bank of Thailand (BOT) starting on or after May 19, 2026.

Mandatory Re-Verification: As part of this legal transition, Wise must contact customers (expected in April 2026) to request additional verification documents to comply with BOT Know Your Customer (KYC) regulations."

Contractual Changes: Legally, a company cannot unilaterally switch a customer to a different regulated entity (e.g., from Wise's international entity to a Thai-specific one) without providing notice, as this changes the governing law and consumer protections."

17 hours ago, vibration said:

I live in Thailand on a PE Visa and am Tax Resident in Thailand and in Norway (because they say I can stay in my childrens property).

I use Wise for my Pension Payments from Norway and the UK and I have to date not received any notifications About what is covered here.

I have however just noticed that the address on my Wise Bank Statements has changed from one in London to this one in Thailand:

Wise Payments (Thailand) Limited

999/9, The Offices at Central World, Common Ground Zone, G

Floor, Unit C08, Rama I Road, Pathumwan

Bangkok

10330

Thailand

Good observation.

Just downloaded and see the same.

The statements look confusing BTW

Wise Payments (Thailand) Limited is a company incorporated under the laws of Thailand with company registration number 0105564107020.

We operate under the supervision of the Bank of Thailand and are authorised to provide electronic money (e-money), electronic funds

transfer, remittance and foreign currency e-moneys services under the following licenses: (1) Authorised Money Transfer Agent; (2)

Authorised Electronic Money Operator (FX E-Money); (3) Electronic Money Service; and (4) Electronic Fund Transfer Service.

On 3/7/2026 at 12:17 PM, JohnOFphon said:

Thank you for all the research you did..

reading all this...I'm not sure that I can maintain a balance in Wise NYC.. and transfer when I want.

I have a direct deposit going into that bank every month.

It sounds like, as soon as they receive my deposit, they will convert and transfer here. I will wait until next months deposit to find out....

Like many I was curious as to the implications. My Wise account and debit card is based on a German address so this doesn't affect me. However my wife has a Thai (address) wise account and this could affect her.

Wise: no bank guarantee. Neither of us use Wise to 'hold' any more money than necessary. Wise provides no 'bank' style guarantees for the funds in Wise, and near as i can determine only provide trivial interest on US and on Euro funds.

Don't time currency exchange with Wise/Thai baht. I always (with 1 exception) keep my foreign money outside of Wise, and ONLY when I want to transfer to Thailand, do I transfer funds to a Thai bank via Wise. So the conclusion is do not use Wise as a 'holding account' trying to time the exchange rate. Rather use one's foreign bank account - which means try to keep a foreign bank account (which is something my wife and I do).

Foreign banks pay better interest than Wise: Our foreign bank accounts pay interest ( better than Wise). We only use Wise for transferring funds (with one exception).

I should qualify the above by saying, I rarely have done such transfers to Thailand with Wise. In the past, my transfers to Thailand bank have been too large to use Wise (as Wise only has made sense for relatively small money transfers). For larger transfers to Thai baht, as strange as it may read, SWIFT can be better than Wise.

Pensions: I have my pensions deposited into foreign bank accounts (and NOT directly into Wise).

Possibly those who have pensions deposited directly into Wise, if they wish to attempt to 'time the exchange rate' (which frankly IMHO is difficult to always reliably do) then do so with a foreign bank account. Stop transferring all one's foreign pension amounts directly to Wise if one wishes to time the Thai baht exchange rate.

Taxation: Reference concerns re:Thailand tax ... IMHO it has always been a risk that money remitted to Thailand via an institution such as Wise could be tracked (for Thai taxation purposes) - - so has this really changed ?? IMHO only changed for those who considered there was no past risk for remitting such funds.

Transfer money out of Thailand is an improvement !! The big positive is (after the change is implemented) is it will be possible to transfer Thai baht from one's Thai bank to Wise (I think) and then convert to a foreign currency. Of course that assumes one keeps Thai baht cash in Thailand that can be transferred to Wise - which I suspect is not that many (as Thai interest rates are low).

The big negative I see (which is the exception I noted), is one's Thai based wise card (if one can obtain such) is less useful outside of Thailand, if one's foreign income is used to fund the Wise card. Say one transfers Euros to one's Thai based Wise account. It will be immediately converted to Thai baht as an intermediate currency. Then, say one is going to Australia for some travel, when one transfers the Thai baht to Australian dollars, one ends up paying 2x currency exchange ... ie Euros > Thai baht > Australian dollars. That is a downside.

i am currently travelling in Australia, and I am using my Wise debit card for most payments - where I converted Canadian dollar (from a Canadian bank) DIRECT to Australian dollar in my Wise Account (and fortunately did NOT have to go through Thai baht).

Keep foreign Wise card if legal: So for myself, I plan to retain my German address for Wise (where I try to visit that German address every year). My wife, thou, with her Thailand address Wise account, needs to take note.

At least that is my current viewpoint - but I am modifying my view as I learn more.