did you all get the new wise announcements about the crazy new controls of our money, inside and outside of Thailand, by the bank of Thailand starting in June 2026 ?

Nope. But luckily we have your post here giving us all the details... 🙄

For those registered with a Thai address

Just now, scubascuba3 said:

For those registered with a Thai address

Indeed.

3 hours ago, scubascuba3 said:

For those registered with a Thai address

Although someone on Facebook reckons Wise will be looking at the app to see location of use

And the details are!...

Just now, scubascuba3 said:

Although someone on Facebook reckons Wise will be looking at the app to see location of use

PayPal does this. I have never indicated to them I am in Thailand and always maintained a US address, but I do use the app here. They categorized me as living in Thailand anyway and restricted some of my account features.

12 hours ago, Jimbolkb said:

did you all get the new wise announcements about the crazy new controls of our money, inside and outside of Thailand, by the bank of Thailand starting in June 2026 ?

I have seen dates of 19th May, and 1st August mentioned. Which is it please?

Just now, wil iam not said:

I have seen dates of 19th May, and 1st August mentioned. Which is it please?

From the email I received yesterday from Wise

"Effective 3 August 2026
your Customer Agreement will change from Wise Payments Limited to Wise Payments (Thailand) Limited.

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."

Edited May 5May 5 by Farmerslife

The problem as I see it, Wise has recently changed to sending ACH money transfers to one major Thai bank. From their account in Thailand, it then deposits into your local bank. This makes it a domestic money transfer—instead of an FTT foreign money transfer. This creates an issue at Thai Immigration, if you use the Income Method for visa qualification. So now Wise suggests you go to your local bank and apply/request Credit Advice or a Letter of Confirmation of Foreign Source Income. This will take some time.

Alternatively, Wise suggests you wire money directly bank to bank—to get the FTT marker on your account. But the cost is usually steep—14% or more.

For those like myself with financial links to 2 other countries.. the changes are substantial. Soon Wise will overcharge me for transfers between my 'other' two currencies.

Just now, Cat Boy said:

The changes indicate that if you are sending money from a non-Thailand account, say in the US for example, to another non-Thailand account, say for example India, the funds will transfer to Thailand and converted into Thai baht from USD

And another little jiggle that helps increase the exchange rate of the baht against the dollar.

With Thai residency, Wise has become useless to me. There’s really no advantage to transferring funds thru Wise. It’s easier to just do bank to bank wire transfers. I doubt that my situation is all that unique.

Just now, Coota said:

I don't really understand what they are trying to implement. I have my address as Thailand because I live here, will I be financially worse off due to the changes or will nothing change? I currently send my monthly pension from an Australian bank to Wise then transfer it to my Thai bank account.

see below

Edited May 6May 6 by Old John
correction

Just now, Coota said:

I don't really understand what they are trying to implement. I have my address as Thailand because I live here, will I be financially worse off due to the changes or will nothing change? I currently send my monthly pension from an Australian bank to Wise then transfer it to my Thai bank account.

That is basically what I do as well, only from a US bank. As I read the email, I could see no change that affects me: ACH transfer in US dollars/currency exchange/deposit to Thai bank account. The only question, as someone above pointed out... will that transfer still be labeled as a "Foreign deposit" to satisfy immigration requirements? There is an option on Wise transfer form that asks if you need proof of foreign exchange... Investigating further, they say not to worry about the "label"; your bank can provide FET (guessing that means foreign exchange transfer)documentation for immigration.

Just now, StillHereToStay said:

I think there is no problem/change if you are moving money in and out of Thailand. The change involves the case where you move money between two OTHER countries (not Thailand). It that case, the transfer has to happen in two steps: source country-to-Thailand and then Thailand-to-destination country, it which case you have two FOREX transactions and possibly two fees, one for each transaction.

Exactly. This seems like a big nothingburger. Like all the tax hysteria, this is aimed at THAI's (and likely to a some extent Chinese and Asean scam centers). Most people use wise Home country -> Thailand or vice versa, no real negative changes I can see.

FWIW, Monday morning I set up a transfer from my US bank to Bangkok Bank using Wise. I used to have these process in seconds. A few years ago they slowed to one or two days. This time, I was told I will not get the money until Friday. On Monday, my US bank shows that they processed and closed the payment to Wise. Wise tracking showing that they are still "waiting for my money."

So I decided to try Remitly. Signed up this afternoon, using my US address and a telephone number from Freetone. Set up a transfer and it went through in seconds. Just like Wise used to do. I shifting to Remitly for all my US to Thai transfers.

Upcoming changes to your Wise account.

Some features of your Wise account are changing. 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.

Wise have posted the coming financial repression here: https://wise.com/help/articles/3hVTV4OmZimsLpW0Z8LB6l/upcoming-changes-to-your-wise-account-in-thailand?origin=search-home-coming+may

I asked Lumo: "can you analyse this page: https://wise.com/help/articles/3hVTV4OmZimsLpW0Z8LB6l/upcoming-changes-to-your-wise-account-in-thailand?origin=search-home-coming+may

and compare it with how wise accounts based in thailand currently work?

Present changes in table form."

Based on the extracted content from the Wise help article, here is a comparison of how Wise accounts based in Thailand currently work versus the upcoming changes effective from June/July 2026 (with full implementation by August 3, 2026).

These changes are driven by the transition to Wise's local Thailand entity, which is fully licensed and regulated by the Bank of Thailand.

Comparison: Current vs. Upcoming Wise Thailand Account Operations

Feature	Current Operation (Pre-June 2026)	Upcoming Changes (Effective June – August 2026)
Regulatory Entity	Operated under Wise's global entity.	Operated under Wise Thailand, a local entity licensed by the Bank of Thailand.
International Transfers (Non-Thai)	Direct currency conversion (e.g., USD → SGD) with standard fees.	Two-step conversion required: Funds must convert to THB first, then to the destination currency (e.g., USD → THB → SGD). This may increase fees.
Daily Transfer/Payment Limit	No specific daily cap mentioned for general transfers.	Max 30,000 THB per day. (Limits may increase with account usage/frequency).
Daily Currency Conversion Limit	No specific daily cap mentioned for conversions.	Max 750,000 THB per day for conversions from THB to other currencies.
Per-Transaction Limit (THB)	No specific per-transaction cap mentioned.	Max 10,000 THB per transaction for THB payments, transfers, or top-ups.
PromptPay Integration	Likely limited or non-existent integration.	New Feature: Ability to send/receive via PromptPay (mobile number or Citizen ID) up to 10,000 THB per transaction.
Verification Requirements	Standard KYC.	Enhanced Verification: Additional documents required by June 2026. Non-immigrant visas (e.g., Destination Thailand Visa, Education Visas) will be accepted.
Top-ups (Adding Money)	Standard bank transfers.	Subject to the 10,000 THB per transaction limit.
Receiving Payments (Third Party)	Standard receiving capabilities.	Subject to the 30,000 THB daily limit and 10,000 THB per transaction limit.

Key Takeaways

1. Mandatory THB Routing: The most significant operational change is that all international transfers involving Thai accounts will now route through Thai Baht (THB), even if neither the sender nor receiver is in Thailand. This adds a conversion step and potential extra cost.

2. Strict Limits: Daily and per-transaction caps are being introduced to comply with local regulations. Users sending larger amounts will need to split transactions or wait for the next day.

3. Local Benefits: The trade-off for these restrictions includes PromptPay integration, allowing for seamless local Thai payments and receipts, which was likely not available or limited previously.

4. Timeline:

   • June 2026: Verification emails sent; new features/limits begin rolling out for new users.

   • August 3, 2026: Full implementation of restrictions for existing users (signed up before Jan 21, 2026).

Note: These changes apply specifically to accounts registered in Thailand. If you are no longer residing in Thailand, different rules may apply.

On 5/4/2026 at 9:06 PM, Caldera said:

On 5/4/2026 at 6:25 PM, scubascuba3 said:

For those registered with a Thai address

Indeed.

So if one is registered with a UK address, but uses Wise to send money from UK to Thailand these changes will not apply? Or will they??

What about if a UK account holder uses a Wise card in Thailand?

(I've received no notifications from Wise, nor are there any on my account)

So if one is registered with a UK address, but uses Wise to send money from UK to Thailand these changes will not apply? Or will they??

What about if a UK account holder uses a Wise card in Thailand?

(I've received no notifications from Wise, nor are there any on my account)

I don't really understand what they are trying to implement. I have my address as Thailand because I live here, will I be financially worse off due to the changes or will nothing change? I currently send my monthly pension from an Australian bank to Wise then transfer it to my Thai bank account.

On 5/5/2026 at 12:15 AM, JayClay said:

Nope. But luckily we have your post here giving us all the details... 🙄

minor hiccup using Wise until you provide a 'few' extra documents.. Not sure what they are but suspect copy of Passport/Bank account etc. Nothing too dramatic.

Just now, Coota said:

I don't really understand what they are trying to implement. I have my address as Thailand because I live here, will I be financially worse off due to the changes or will nothing change? I currently send my monthly pension from an Australian bank to Wise then transfer it to my Thai bank account.

I think there is no problem/change if you are moving money in and out of Thailand. The change involves the case where you move money between two OTHER countries (not Thailand). It that case, the transfer has to happen in two steps: source country-to-Thailand and then Thailand-to-destination country, it which case you have two FOREX transactions and possibly two fees, one for each transaction.

Edited May 6May 6 by StillHereToStay

Are PayPal and Payoneer going to move to "Bank of Thailand" rules, too, like Wise?

just because.. Wise has been very unpredictable lately .. used to always be money in minutes ( or seconds )

last few transfers have been 3 days

I opened a Remitly acct yesterday just as a back up .. rate was actually better...

18 hours ago, davb said:

PayPal does this. I have never indicated to them I am in Thailand and always maintained a US address, but I do use the app here. They categorized me as living in Thailand anyway and restricted some of my account features.

Use a vpn

Just now, StillHereToStay said:

I think there is no problem/change if you are moving money in and out of Thailand. The change involves the case where you move money between two OTHER countries (not Thailand). It that case, the transfer has to happen in two steps: source country-to-Thailand and then Thailand-to-destination country, it which case you have two FOREX transactions and possibly two fees, one for each transaction.

Good comment!

Also, since the money moves through Thailand there is a chance that it could be considered “remitted” to Thailand therefore subject to Thai tax even though it doesn’t stay in Thailand.

18 hours ago, davb said:

PayPal does this. I have never indicated to them I am in Thailand and always maintained a US address, but I do use the app here. They categorized me as living in Thailand anyway and restricted some of my account features.

A good VPN could overcome that problem.

Just now, StillHereToStay said:

I think there is no problem/change if you are moving money in and out of Thailand. The change involves the case where you move money between two OTHER countries (not Thailand). It that case, the transfer has to happen in two steps: source country-to-Thailand and then Thailand-to-destination country, it which case you have two FOREX transactions and possibly two fees, one for each transaction.

I think the concern is about expats who live here more than 180 days a year and don't pay Thai taxes, yet transfer money into Thailand. Having Wise come under the umbrella of the BOT makes those transactions easier to spot.

That's my general understanding, anyway. The old way that Wise used meant the transactions were part of millions and millions and thus weren't easily detected. Now they will be automatically classified as a foreign remittance and easy to scrutinize for Thai taxation.