Broadly similar to the retracted announcement from a couple of months back. (It forces you to open the App to read the notice.)

Source: Wise https://share.google/rdd5HXizbG8JRIvTT

The changes seem to be entirely negative for most expats. If you're not an expat you won't be affected since you won't be classed as a Thai Wise user.

The only group that might hope to benefit from the changes seem to be aspirational expats who had no other way of accessing local banking services such as the PromptPay system etc. but obviously these are readily available for any real expats. But with the new changes much more strict verifications will take place so these users will not in fact benefit.

The jaw dropping tax implications remain for anybody using Wise as a sophisticated bridging system such as the usage of the virtual bank accounts. It remains to be seen if the tax authorities class these forced conversions to Thai Baht as "remittances". (This would create a surreal scenario where a local transfer between a Singapore finance account of yours to a Wise virtual account addressed in Singapore would be classed as a remittance for tax purposes in Thailand)

They have provided time scales:

And they have worsened the deal:

Feel free to take a look yourselves.

The maximum daily ฿30,000 transfer limit strikes me as being a matter of particular concen to retirees who rely on monthly ฿65,000 transfers through Wise for retirement extension purposes - each of which will now need to be spread over 3 days. Not to mention how individual immigration officers are likely to react to the prospect of having to add up 12 series of ฿30,000 + ฿30,000 + ฿5,000 monthly transfers in bank statements with their abacuses at extension of stay application time!

And what still remains to be clarified, it would appear, is whether Wise transfers will continue to receive a suitable coding confirming their foreign origin, as required by IMM, in Thai bank account statements and passbooks.

Edited May 1May 1 by OJAS

Yes, while I just registered my 'receiving account' (my Thai bank account) with my Wise account. I cannot register any source countries (on the homepage) from where I would be sending money from. I guess this is part of the change? So it's back to direct foreign bank transfers to Thai banks?

In case any miss this ... that Wise article makes it clear:

... the following new features for all Wise personal customers in Thailand, i.e Wise customers with a personal account (not business account) whose registered address is a Thai address.

i.e. it is not fully relevant to any expat whose registered Wise address is not a Thai address.

Edited May 4May 4 by oldcpu

As I read it, the 30,000 Baht limit concerns prompt pay transfers, etc. Much the same as many Thai banks imposed an initial 20,000 baht limit (which you can increase, if needed).

Just now, Madgee said:

As I read it, the 30,000 Baht limit concerns prompt pay transfers, etc. Much the same as many Thai banks imposed an initial 20,000 baht limit (which you can increase, if needed).

Hope you are correct.Also below this there is a 10,000 baht limit per transaction I have no idea what that refers to,do you?

Just now, chang50 said:

Hope you are correct.Also below this there is a 10,000 baht limit per transaction I have no idea what that refers to,do you?

I'm guessing 10,000 is scan/ prompt pay transfers limit.

30,000 is a daily transfer into our Thai bank account

Just now, dayo202 said:

I'm guessing 10,000 is scan/ prompt pay transfers limit.

30,000 is a daily transfer into our Thai bank account

Not exactly clear is it lol?

Just now, chang50 said:

Not exactly clear is it lol?

Nope, I'm trying to get my head around the new rules myself.

30,000 transfer is a bummer 😔

Example 65,000฿ monthly transfers from wise will need to be on 3 transfers and 3 fees.

30,000 +30,000+5000 =65,000฿.

will the local immigration accept 3 transfers per month on renewal ?

Just now, dayo202 said:

Nope, I'm trying to get my head around the new rules myself.

30,000 transfer is a bummer 😔

Example 65,000฿ monthly transfers from wise will need to be on 3 transfers and 3 fees.

30,000 +30,000+5000 =65,000฿.

will the local immigration accept 3 transfers per month on renewal ?

That's anybody's guess luckily I don't use that method.I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

Just now, chang50 said:

That's anybody's guess luckily I don't use that method.I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

Just now, chang50 said:

That's anybody's guess luckily I don't use that method.I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

As you two UK pensions will class as a 3rd party transfers/payment into you Wise account, it will directly to transferred in Thai baht on your Wise Thai baht account.

What a mess. My WISE is registered in Thailand, so I have GBP & THB accounts. Been perfect for years, pension into WISE GBP, convert when rate is good, transfer when needed.

Now what's the answer, SWIFT from Nationwide?

Just now, dayo202 said:

I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

As you two UK pensions will class as a 3rd party transfers/payment into you Wise account, it will directly to transferred in Thai baht on your Wise Thai baht account

Just now, dayo202 said:

I get two uk pensions paid directly into wise one state pension and one private now it will mean more than one transfer every month to my thai bank..

As you two UK pensions will class as a 3rd party transfers/payment into you Wise account, it will directly to transferred in Thai baht on your Wise Thai baht account.

Very true what I have to decide now is whether I want to stick with the

"new wise" arrangements or have my pensions paid directly into my thai bank acc. which will involve a financial hit.

I'm entirely unclear whether these changes apply to me or not (I think not but I may turn out to be wrong):

(1) 2 or 3 times a month I set up a transfer of monies AUD from my Australian bank account to Wise

(2) Wise then transfers the monies at the exchange rate I have agreed THB to my Thai bank account.

(3) Wise has no "Thai address" for me other than the number of my Thai bank account.

Um???????

Just now, wil iam not said:

What a mess. My WISE is registered in Thailand, so I have GBP & THB accounts. Been perfect for years, pension into WISE GBP, convert when rate is good, transfer when needed.

Now what's the answer, SWIFT from Nationwide?

SWIFT from Nationwide is 20 quid a go plus a 2.2% currency conversion mark up.Not great.

Just now, chang50 said:

SWIFT from Nationwide is 20 quid a go plus a 2.2% currency conversion mark up.Not great.

Agree. Any alternatives anyone please

Edited May 4May 4 by wil iam not

Just now, mfd101 said:

I'm entirely unclear whether these changes apply to me or not (I think not but I may turn out to be wrong):

(1) 2 or 3 times a month I set up a transfer of monies AUD from my Australian bank account to Wise

(2) Wise then transfers the monies at the exchange rate I have agreed THB to my Thai bank account.

(3) Wise has no "Thai address" for me other than the number of my Thai bank account.

Um???????

Thses change's shouldn't affect you.

Only Wise accounts with a Thai registered address.

What I'm waiting to see is how will I get my money from my overseas bank account into my upcoming Thai based Wise account? At present I have a Wise account in AUD with an Australian branch and account number, so topping it up is treated as a domestic transfer by my Australian bank. When they change me to a THB account with a Thailand branch and account number, then surely my Aussie bank will treat it as an international transfer, which negates the whole point of having a Wise account? Even if I can transfer the money in AUD, without making a conversion at the Australian end, I'm still going to be charged an international transfer fee.

I'm not even offered the choice to keep my original account as a non-resident - which most Australian bank accounts allow me to do. The email I just received from Wise more or less says "we're transferring your account to Thailand, and if don't like it you can close your account". I'm not going to make any knee jerk reactions, and will wait and see if there are any benefits to having a Thai based account, or possibly a simple way of getting money from my Aussie bank into it, but I suspect I will be closing it in August. I'd say the majority of expat retirees are in the same position as myself. We earn no money in Thailand, and have no need to transfer money out of here, but have a definite need to remit pension and/or investment income from a country we no longer reside in to Thailand.

https://wise.com/help/articles/3hVTV4OmZimsLpW0Z8LB6l/upcoming-changes-to-your-wise-account-in-thailand?origin=search-home-coming+may.

This link seems to explain things for people with Thai address?

Just received this info today.

Effective 3 August 2026, your Customer Agreement will change from Wise Payments Limited to Wise Payments (Thailand) Limited. This means that when you send, receive, or hold money with Wise, your account will be under Thailand's regulations and overseen by the Bank of Thailand. As a result, some parts of your Wise experience will change. What’s changing Sending money To send transfers between 2 non-Thai bank accounts — for example US to Singapore — payments must go via your Thai account, requiring 2 currency conversions (to THB, then to the destination currency). This will increase the total transfer cost. You’ll now be able to send money abroad directly from your Thai bank account at the exchange rate you usually see on Google, with no hidden markups or fees. Learn more about exchange rates: https://wise.com/th/mid-market-rate. Receiving and holding money You won’t be able to withdraw money from Wise in currencies other than Thai baht to a bank account in another country. If you receive money in a currency other than Thai baht, we’ll automatically convert and add it to your THB. Conversion fees apply. You will however be able to add money to Wise directly from your Thai bank (or overseas bank), and convert and hold it in over 40 different currencies. Using your money and Wise card You won’t be able to withdraw cash at ATMs in Thailand. You can still use your Wise card for local spending and can still withdraw cash from ATMs abroad. You’ll be able to order a physical or digital Wise card to spend online, in-store and abroad without hidden fees or inflated exchange rates. Plus, you can scan ThaiQR or PromptPay QR codes using your Wise app to pay individuals and businesses. Interest and Stocks We can no longer offer Interest and Stocks in Thailand. We’ll sell any units you hold and add the settlement proceeds to your Wise account as cash. This may trigger tax liability, so please consult your tax advisor to understand your obligations. Learn more about the upcoming changes: https://wise.com/help/articles/3hVTV4OmZimsLpW0Z8LB6l/upcoming-changes-to-your-wise-account-in-thailand?origin=search-home-coming+may. What happens next From June 2026, we’ll ask you to provide a few additional documents to meet Thai regulatory requirements. We’ll send you instructions closer to the date. Until then, you can continue using your Wise account as usual. By continuing to use Wise on or after 3 August 2026, you confirm that you accept the updated Customer Agreement. If you don’t agree, you can choose to close your Wise account or stop using the affected services before 3 August 2026. Review Customer Agreement https://wise.com/th/legal/personal-terms-of-use Copy and paste link in browser Moved to a new country? If you've moved to a new country, please update your address. This will allow you to access features based on your country of residence. Learn more about updating your address: https://wise.com/help/articles/1QaC3bwTbNEHjWJydD79az/how-do-i-update-my-address.

I started a transfer last Friday in order for my Monthly transfer to arrive today. After clicking Long Term Stay in the reason box, another box appeared asking if I will need proof of International Transfer. I guess it will be attached to the papers this afternoon.

On chatting with WISE, it says that GBP-THB transfers will operate the same, with only this request for an FET changing. We''ll see.

Does a SWIFT transfer from a UK bank, Nationwide or Barclays, arrive as a Foreign transfer?

Edited May 5May 5 by wil iam not

7 hours ago, ballpoint said:

What I'm waiting to see is how will I get my money from my overseas bank account into my upcoming Thai based Wise account? At present I have a Wise account in AUD with an Australian branch and account number, so topping it up is treated as a domestic transfer by my Australian bank. When they change me to a THB account with a Thailand branch and account number, then surely my Aussie bank will treat it as an international transfer, which negates the whole point of having a Wise account? Even if I can transfer the money in AUD, without making a conversion at the Australian end, I'm still going to be charged an international transfer fee.

I'm not even offered the choice to keep my original account as a non-resident - which most Australian bank accounts allow me to do. The email I just received from Wise more or less says "we're transferring your account to Thailand, and if don't like it you can close your account". I'm not going to make any knee jerk reactions, and will wait and see if there are any benefits to having a Thai based account, or possibly a simple way of getting money from my Aussie bank into it, but I suspect I will be closing it in August. I'd say the majority of expat retirees are in the same position as myself. We earn no money in Thailand, and have no need to transfer money out of here, but have a definite need to remit pension and/or investment income from a country we no longer reside in to Thailand.

From what I understand, if your only address registered with Wise is based in Thailand no matter what your nationality, then all incoming money to Wise is converted to Thai Baht immediately, even if you have virtual accounts at Wise in foreign currencies. That could have advantages if you want to use one way money into Thailand to spend, along with planned Thai digital payments like Promptpay from Wise direct, and a new debit card unlike now but for some reason the card won't work in Thai ATMs. The main issue will be if you use Wise with a Thai address to send money between accounts only outside Thailand such as from a broker to a foreign bank, as that will all have to be done in Thai baht with all the conversion rate costs and tax implications.

8 hours ago, dayo202 said:

Thses change's shouldn't affect you.

Only Wise accounts with a Thai registered address.

No, not at all. He only risks account freeze if his address is in Australia but spends most of his time in Thailand.

10 hours ago, dayo202 said:

I'm guessing 10,000 is scan/ prompt pay transfers limit.

30,000 is a daily transfer into our Thai bank account

I think the planned Wise changes allows for sending Thai Baht out of Thailand, something we cannot do until now, and 30,000 is the initial limit. Incoming funds much like they are limited now, so much higher than 30,000?

15 hours ago, Digitalbanana said:

https://wise.com/help/articles/3hVTV4OmZimsLpW0Z8LB6l/upcoming-changes-to-your-wise-account-in-thailand?origin=search-home-coming+may.

This link seems to explain things for people with Thai address?

Your link seems to indicate that beginning in August we will need to provide Wise with copies of our visas/extensions. So now Wise is apparently getting in the Thai Immigration enforcement business. Will we need to upload visa documents with every transaction or when visas/extensions are renewed?

"From now until 3 Aug 2026, there will be no changes to your Wise account, and you can continue using it as usual. In June, we’ll email you to request some additional verification documents, in line with the Bank of Thailand’s regulatory requirements. Non-immigrant visas such as Destination Thailand Visa (DTV) and Education Visas (ED) will be accepted for verification purposes. We’ll share clear instructions and more details regarding this at a later date."

4 minutes ago, Hamus Yaigh said:

I think the planned Wise changes allows for sending Thai Baht out of Thailand, something we cannot do until now, and 30,000 is the initial limit. Incoming funds much like they are limited now, so much higher than 30,000?

Yes correct. If you sign up for a WISE Acct in Thailand with a Thai address, then the only transaction right now is being able to send money out (sorry do not personally know the max amount). Apparently other benefits are in the pipeline in the next 2-3 months.

I think it is quite complicated for WISE to comply with The Thailand banking laws, so other changes will be slow. This is all I know..hope it helps a bit.

Just to cheer people up a bit.

When Wise regularised in Singapore, just like Thailand, Singapore was pretty strict. But it gradually loosened up as the system began to trust Wise. But annoying restrictions remain. F

or example, Singapore residents are not allowed to hold more than 200,000 Singapore Dollars overnight in their Wise accounts.

21 hours ago, wil iam not said:

Agree. Any alternatives anyone please

Why not keep the money in your UK bank account? Then wait until the exchange rate is favourable, and do the transfer to wise.

I only opened a Wise account as backup in case my UK bank closes my account because I live here.

5 hours ago, Celsius said:

No, not at all. He only risks account freeze if his address is in Australia but spends most of his time in

2 minutes ago, lungbing said:

I only opened a Wise account as backup in case my UK bank closes my account because I live here.

I still have two pensions sent to my UK bank. I always wait until the exchange rate is favourable, and then transfer.