Transfer Funds From Usa Paypal To My Bangkok Bank Account

[samuijim]

When I am not in Thailand I need a way to pay my monthly bills that I have set up on automatic withdrawal from my Bangkok Bank. Is it possible to transfer dollars from my USA Paypal account to baht in my Bangkok Bank account ? Thanks

[lor]

IMHO I think that you cannot. I had a UK Paypal account and was not allowed to transfer to a Thai bank.

I have now opened a Thai Paypal account. Had to provide proof of residance such as telephone/electric bill but now I have no problems transfering to my Thai bank.

Chris

[monkfish]

With any Paypal including Thai or UK you can send the funds to Bangkok bank in the US the money will automatically be transferred to your Bangkok Bank

account in Thailand and at a way better exchange rate than Paypal give. I do it every month and it works perfect. Full instructions can be found on the

Bangkok Bank website.

[aurelius]

http://www.bangkokbank.com/Bangkok%20Bank/..._eCommerce.aspx

[samuijim]

I just tried to do it. First I added Bangkok Bank to my Paypal bank account list of my banks. Then Paypal told me to verify two small deposit amounts (in $) that Paypal would deposit in my Bangkok Bank account. OK so far so good. However when I saw the two small deposits that Paypal made in my Bangkok Bank account and tried to verify them on the Paypal web site I was wrong all three times. I called Paypal and talked to them about this and they suggested I should have used the currency conversion rate on the day the deposit was made for the correct answer....I had done that. Anyway, any more ideas ? Thanks

[kimamey]

I just tried to do it. First I added Bangkok Bank to my Paypal bank account list of my banks. Then Paypal told me to verify two small deposit amounts (in $) that Paypal would deposit in my Bangkok Bank account. OK so far so good. However when I saw the two small deposits that Paypal made in my Bangkok Bank account and tried to verify them on the Paypal web site I was wrong all three times. I called Paypal and talked to them about this and they suggested I should have used the currency conversion rate on the day the deposit was made for the correct answer....I had done that. Anyway, any more ideas ? Thanks

I've never tried to do this but my Thai gf has had to verify her bank account for Paypal and Moneybookers. Moneybookers was very difficult (not their fault) but as far as I know Paypal was ok. I think the problem with the deposits might be the same as we had with Moneybookers , you need to state the amount in the currency they are using not necessarily in baht. For currency conversion I use xe.com and the rates change throughout the day plus they are midmarket rates wich aren't the buy or sell rates which differ anyway.

As far as I can remember she had to send an amount either from her bank to to her Paypal account or the other way and then quote the refference number shown on her bank statement for the transaction. This was ok for Paypal but didn't show for Moneybookers. I will try to ask her when I speak to her today although these sort of things can be difficult even though her English is pretty good.

[kimamey]

I just tried to do it. First I added Bangkok Bank to my Paypal bank account list of my banks. Then Paypal told me to verify two small deposit amounts (in $) that Paypal would deposit in my Bangkok Bank account. OK so far so good. However when I saw the two small deposits that Paypal made in my Bangkok Bank account and tried to verify them on the Paypal web site I was wrong all three times. I called Paypal and talked to them about this and they suggested I should have used the currency conversion rate on the day the deposit was made for the correct answer....I had done that. Anyway, any more ideas ? Thanks

I've never tried to do this but my Thai gf has had to verify her bank account for Paypal and Moneybookers. Moneybookers was very difficult (not their fault) but as far as I know Paypal was ok. I think the problem with the deposits might be the same as we had with Moneybookers , you need to state the amount in the currency they are using not necessarily in baht. For currency conversion I use xe.com and the rates change throughout the day plus they are midmarket rates wich aren't the buy or sell rates which differ anyway.

As far as I can remember she had to send an amount either from her bank to to her Paypal account or the other way and then quote the refference number shown on her bank statement for the transaction. This was ok for Paypal but didn't show for Moneybookers. I will try to ask her when I speak to her today although these sort of things can be difficult even though her English is pretty good.

I've checked and Paypal took a small amount (about 1US$) from her bank and then she quoted the reference number to verify the account. When we tried this with Moneybookers no reference number was shown so we had to try something else. BTW this was Bangkok Bank

[regen]

I just tried to do it. First I added Bangkok Bank to my Paypal bank account list of my banks. Then Paypal told me to verify two small deposit amounts (in $) that Paypal would deposit in my Bangkok Bank account. OK so far so good. However when I saw the two small deposits that Paypal made in my Bangkok Bank account and tried to verify them on the Paypal web site I was wrong all three times. I called Paypal and talked to them about this and they suggested I should have used the currency conversion rate on the day the deposit was made for the correct answer....I had done that. Anyway, any more ideas ? Thanks

This is truly excellent. I followed the Bangkok Bank account instructions and have linked my Bangkok Bank account to my PayPal, transferred some money and got a good rate with no service fees.

Previously I was using my PayPal ATM card to withdraw in chunks of $400 (maximum daily withdrawl on my account). This incurred a $1 PayPal service charge each time and had a fairly bad exchange rate. Then on top of that had to start paying the 150 Baht fee at almost every ATM. Prior to that I would transfer money from PayPal to my US bank account and then withdraw from ATM here, until my bank started charging 5% for international ATM withdrawals. Now with the Bangkok Bank account link I don't have to worry about all these fees and my money goes right into my Thai account.

Regarding the PayPal verification process of two small deposits, here's what I did. In my Bangkok Bank account I saw the deposits of 1.69 baht each. So 1.69 divided by the correct exchange rate should equal the deposit amount which I know from PayPal is 0.0x dollars, so it must be .01-.09 dollars. So let's guess the deposit is 5 cents or .05 dollars. The equation would be 1.69/rate = 0.05. Did the math on this and realized that any exchange rate from 29 baht per dollar to 33.9 baht per dollar will equal 5 cents. And the exchange rate was in that range when the deposits were made. So I used 5 cents as the verification amount and it worked. If the deposits were more than 5 cents the exchange rate would have to be less than 29 baht to the dollar, which it wasn't. If the deposits were less than 5 cents the exchange rate would have to be 35 baht or more to the dollar. Anyway, you should be able to make an educated guess about the deposits to link the accounts.

This was the most useful info I've ever read on Thai Visa. Very good for ecommerce people.