money from UK

[pokoal2000]

Hi

What is the most economical way to transfer money regulary from UK to Thailand?Every months anout 700 pounds.

[Upnotover]

Got any friends? Friend of mine has his UK pension paid into my UK account and I give it to him in Baht weekly. My bank doesn't charge for Swift transfers in any case. Otherwise for that amount you might just as well use an ATM.

[Lite Beer]

This might be what you want:

https://www.moneybookers.com/send-money/

[breadbin]

Got any friends? Friend of mine has his UK pension paid into my UK account and I give it to him in Baht weekly. My bank doesn't charge for Swift transfers in any case. Otherwise for that amount you might just as well use an ATM.

What bank you with that doesn't charge for swift transfers?

[sustento]

Got any friends? Friend of mine has his UK pension paid into my UK account and I give it to him in Baht weekly. My bank doesn't charge for Swift transfers in any case. Otherwise for that amount you might just as well use an ATM.

What bank you with that doesn't charge for swift transfers?

+1?

[2008bangkok]

Most economical is to transfer from UK bank to Thai banking it's regular as places like Western Union, Moneygram charge a fee and give you a shocking exchange rate to the point where u can easily lose 15% of your money.

Try Halifax and have send via online I'm sure i saw a deal where it was 7.50 per transaction and at least u will get bank exchange rates.

[sumrit]

Most economical is to transfer from UK bank to Thai banking it's regular as places like Western Union, Moneygram charge a fee and give you a shocking exchange rate to the point where u can easily lose 15% of your money.

Try Halifax and have send via online I'm sure i saw a deal where it was 7.50 per transaction and at least u will get bank exchange rates.

If you transfer in Thai baht you will only get the lousy UK exchange rate.

If you transfer the money in GBP you will get the much better Thai exchange rate.

[StreetCowboy]

Most economical is to transfer from UK bank to Thai banking it's regular as places like Western Union, Moneygram charge a fee and give you a shocking exchange rate to the point where u can easily lose 15% of your money.

Try Halifax and have send via online I'm sure i saw a deal where it was 7.50 per transaction and at least u will get bank exchange rates.

I found Western Union cheaper and better exchange rate than the high street banks when I was in Dubai. The only trouble was it took two or three days to get the money out the ATM to take the cash to Western Union. Actually, to be fair, it was not Western Union - it was the Western Union agent, but for the transfers I was making, they did not use Western Union - some other remittance agent, into the Thai bank account.

More recently, I found Western Union less than 1% different exchange rate than the money changers, who were extremely competitive.

SC

[Upnotover]

Got any friends? Friend of mine has his UK pension paid into my UK account and I give it to him in Baht weekly. My bank doesn't charge for Swift transfers in any case. Otherwise for that amount you might just as well use an ATM.

What bank you with that doesn't charge for swift transfers?

+1?

Lloyds TSB Offshore

Sent from my iPhone using ThaiVisa app

[CharlieH]

Transfer from your account in Uk to bangkokbank in london, they transfer it on to bangkokbank account in thailand, can easily be done online.

[klubex99]

I also found Western Union really cheap and a great rate.

I have had over 30 transfers done, and you can have it paid into any WU pay point in the UK of which there are thousands, and there are equally as many here in Thailand. Every Bangkok bank, BigC, Post offices.

I did one last week, paid into Sainsbury's in the UK and got 100,000 baht cash out here 15 minutes later.

[steve187]

http://www.abmoney.co.uk/?q=node/1

register as an agent, charges on link (£14 for £700.00), todays rate is 46.2

i just checked western union rate is 44.92 and for £700.00 cash or direct to a bank is a charge of £28.00

[breadbin]

Got any friends? Friend of mine has his UK pension paid into my UK account and I give it to him in Baht weekly. My bank doesn't charge for Swift transfers in any case. Otherwise for that amount you might just as well use an ATM.

What bank you with that doesn't charge for swift transfers?

+1?

Lloyds TSB Offshore

Sent from my iPhone using ThaiVisa app

So its not a UK based bank.

How do they make their money on transfers then?

If no swift fee they must charge you another way.

[pokoal2000]

Thank you

[Upnotover]

So its not a UK based bank.

How do they make their money on transfers then?

If no swift fee they must charge you another way.

I guess you're right, Isle of Man is a British Crown Dependency. But whatever, they do not charge anything for international SWIFT transfers, although they used to up until about a year ago. They also don't charge any other account fees. I suppose they make money on interest, as I don't get any.

[breadbin]

You don't get any interest?

Interesting bank! I suppose they must make by lending at higher rates?

No idea but good luck anyway

Was just interested.

Cheers for responding.

[topt]

So its not a UK based bank.

How do they make their money on transfers then?

If no swift fee they must charge you another way.

I guess you're right, Isle of Man is a British Crown Dependency. But whatever, they do not charge anything for international SWIFT transfers, although they used to up until about a year ago. They also don't charge any other account fees. I suppose they make money on interest, as I don't get any.

[topt]

Previous post fell foul of the quotes system......

LloydsTSB offshore do offer some interest bearing accounts and used to have some good fixed rates - http://www.lloydstsb-offshore.com/

Unfortunately like most these have declined significantly in the last year.

[misterphil]

If its just for £700 go to an exchange kiosk and ask to withdraw 20,000 baht with your Visa Debit card. When they give you your 20,000 ask for another 15,000. If they say no just go to another exchange kiosk and ask for 15,000. Done it many times before. You will need your passport.

[cardholder]

Most economical is to transfer from UK bank to Thai banking it's regular as places like Western Union, Moneygram charge a fee and give you a shocking exchange rate to the point where u can easily lose 15% of your money.

Try Halifax and have send via online I'm sure i saw a deal where it was 7.50 per transaction and at least u will get bank exchange rates.

GBP 9.50.

I also get a Reward bonus of GBP 5.00 per month, so net cost very good.

Send on a Wednesday, in mu kasikorn account on Friday.

Send in Sterling rather than the online preset value of Baht.