Jump to content

Transfering 2m From Australia To Thainald


Recommended Posts

We need to transfer funds from Australia to Thailand to purchase a house about <2m b

We are considering sending money using TT from Commonwealth bank Australia into either Bangkok Bank or Siam Commercial Bank.

I believe both banks charge in range 200-400 and 200-500 per transaction.

I will send funds from here to my miss wife (marriage not yet registered in Thailand i.e. surnames are not same) but she is a co-signatory on documents in Australia

• How long should such transfer take before we can draw the funds in form of bank cheque(or similar) for settlement?

• De we need an account up front or will the bank automatically open account when the money arrive?

• Is better to open account in ‘head office’ or example Nontabury is OK do these bank charge extra for inter-branch transferring?

• Is it adviseable (much better) if she (unmarried wife) sends out funds to herself?

• Is there any way to stipulate or agree the ex rate with the bank

• Is TT ‘best’ option

Any comments or suggestions would be appreciated

:o Wow, thanks

Link to comment
Share on other sites


You need to send the TT to a branch number and an account number.

Yes but the branch number is part of the account number. :o

You also have to have a name AFAIK and SWIFT (TT) would be the way to go. You also may have to do transfer in person or at least have a pre agreement signed at your Oz bank. You send foreign currency and it is converted at the rate at time received. You do not want to send Baht (that you exchange in Oz) as the rate will be much in the banks favor.

My transfers from USA to Bangkok Bank take less than a day but believe from Oz takes longer from posts.

You should open account in location you expect to be using money/located.

You say "house" so assume this is not foreign ownership of a condo in your name where money must also be in your name.

Edited by lopburi3
Link to comment
Share on other sites

Thanks Dr Pat Pong and lopburi3

Yes it is a house in my wife's name; We will be organising Will for here and probably 30 years Lease for me.

Thai Siam Commercial and Bangkok Bank. SC today seem to have slightly higher ex rate but their web site is average and very slow. They dont seem to offer international xfer via web. How do these two banks compare?

Most closest branch is in Nontaburi - I am worried that they will charge me inter branch fee or nontaburi is not 'up country'? ie money arrives from overseas to head office and then is transferred to branch.

I guess we could xfer funds to City branch and after settlement once most money is used open new account near the house?

What is AFAIK?

Link to comment
Share on other sites

As far as I know (AFAIK) there should not be any extra charge for a deposit outside of Bangkok on a wire transfer. They do hit you on ATM transactions however.

All banks have ability to accept wire transfers - just look for the SWIFT code for Siam Commercial Bank. Your home bank can also look it up.

Both banks are widely used by foreigners. SCB does not have the Thai customer demand that Bangkok Bank has so lines are usually shorter. I have not found SCB customer service to be very friendly (but can say that about all banks here - although have found an improvement in Bangkok Bank in recent years).

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








  • Topics

  • Latest posts...

    1. 0

      17 Arrests Made as Pro-Palestinian Protests Sweep London

    2. 0

      Elon Musk Joins Donald Trump in Rally, Energizes Supporters

    3. 0

      Legal Battle Looms over VAT on Private Schools: Parent’s Fight for Special Needs Education

    4. 0

      The Dark Legacy of October 7 The Terror and Tragedy One Year On

    5. 0

      The U.S. Alliance Dilemma: Hezbollah, Iran, and Russia's Connection

    6. 0

      Could an October Surprise Shift the Deadlocked Trump-Harris Race?

    7. 0

      Putin's Nuclear Threats: Rhetoric or Reality?

    8. 0

      White House Rebukes False Claims Amid Hurricane Helene Relief Efforts

    9. 0

      Spreaders of Conspiracy Theories: Unmasking the Motivations Behind the Lies

    10. 0

      Boris Johnson Suggests Putin Would Have Avoided Invading Ukraine if Trump Were President

    11. 0

      Oklahoma’s Controversial Plan to Purchase 55,000 Bibles for Public Schools

    12. 0

      Menendez Brothers’ Convictions to be Revisited Amid New Evidence & Interest

    13. 0

      India’s Debate on Marital Rape: Government Deems Criminalisation ‘Excessively Harsh’

    14. 0

      Rapid Greening of Antarctica: Scientists Alarmed by Climate Change Impact

    15. 3,549

      President Kamala Harris

×
×
  • Create New...