Will27 Posted September 9, 2010 Share Posted September 9, 2010 Hi Trend Setters, If I make a SWIFT transfer from Australia using Aussie dollars, would the exchange rate be different if I used ATM's in Thailand to get the money? I am having trouble with SWIFT and was wondering, apart from the ATM fees, would there be much difference? Regards Will Link to comment Share on other sites More sharing options...
Rooo Posted September 9, 2010 Share Posted September 9, 2010 ATM rates always lower & you might be hit with fees from your bank & the bank here. Link to comment Share on other sites More sharing options...
YuriGuest2010 Posted September 9, 2010 Share Posted September 9, 2010 The rate in BKK is better then you transfer the money from ATM. Please looked at the rate under this company. www.supperrich1965.com they have good rate then any other bank. Just use your passport and go there they will photocopy your passport and then you can change any amount of money you want. The location is near to Central World Plaza. just behind BigC..next to the soi very easy to find. Link to comment Share on other sites More sharing options...
Pib Posted September 9, 2010 Share Posted September 9, 2010 Unless you are wanting to get a low amount of baht one or twice, your are going to be better off wiring the money and getting the TT rate versus the rate provide from an ATM withdrawal. Doing "frequent" transfers via SWIFT "or" ATM withdrawal is going to get expense fee-wise. You'll be better off "baht-in-hand" if you transfer larger amounts of home country currency periodically via wire and get the TT rate....your fee costs should be lower also. Using an ATM card/debit card/credit card to transfer home country currency/get baht is generally just too fee-laden with a lower exchange rate. Link to comment Share on other sites More sharing options...
Jeanelle Posted September 9, 2010 Share Posted September 9, 2010 Much cheaper via TT for substantial amounts.. For example $5,000.00 HSBC Australia charges $20.00. Link to comment Share on other sites More sharing options...
Barack Posted September 9, 2010 Share Posted September 9, 2010 There is discussion of SWIFT vs ATM costs in the Bangkok Bank thread. A good read. The answer also depends on how much money you need. The ATM exchange is very good and is fractionally or nominally less that the TT rate. The key is having an ATM free of foreign transaction fees which seems to be a challenge if you are not American. Link to comment Share on other sites More sharing options...
Will27 Posted September 10, 2010 Author Share Posted September 10, 2010 Thanks for all of the advice gang. Much appreciated. Will Link to comment Share on other sites More sharing options...
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