Accounts opened with Thai addresses will not have multi-currency feature. This is from AI 2. Discontinuation of Multi-Currency "Holding" Features The biggest operational change involves how your UK pension payments are handled when they arrive: The Death of the GBP Balance: Under the Bank of Thailand license, Wise is classified strictly as a remittance and payment provider, not a licensed deposit-taking bank. As a result, accounts with a Thai address will no longer be permitted to indefinitely hold foreign currency cash balances (like a standard GBP wallet). [1, 2] Automatic Conversion: When your private and state pensions hit your account, you will no longer be able to let the GBP sit in Wise to wait for a favorable exchange rate. The funds will either need to be automatically converted to THB or immediately routed forward. Loss of Account Details: If Wise revokes your UK (GBP) sort code and account number due to your Thai registration, the UK Department for Work and Pensions (DWP) and your private pension provider will no longer be able to deposit money into Wise directly.
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