pokoal2000 Posted July 15, 2013 Share Posted July 15, 2013 Hi What is the most economical way to transfer money regulary from UK to Thailand?Every months anout 700 pounds. Link to comment Share on other sites More sharing options...
Upnotover Posted July 15, 2013 Share Posted July 15, 2013 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. Link to comment Share on other sites More sharing options...
Lite Beer Posted July 15, 2013 Share Posted July 15, 2013 This might be what you want: https://www.moneybookers.com/send-money/ Link to comment Share on other sites More sharing options...
breadbin Posted July 15, 2013 Share Posted July 15, 2013 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? Link to comment Share on other sites More sharing options...
sustento Posted July 15, 2013 Share Posted July 15, 2013 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? Link to comment Share on other sites More sharing options...
2008bangkok Posted July 15, 2013 Share Posted July 15, 2013 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. Link to comment Share on other sites More sharing options...
sumrit Posted July 15, 2013 Share Posted July 15, 2013 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. Link to comment Share on other sites More sharing options...
StreetCowboy Posted July 15, 2013 Share Posted July 15, 2013 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 Link to comment Share on other sites More sharing options...
Upnotover Posted July 15, 2013 Share Posted July 15, 2013 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 Link to comment Share on other sites More sharing options...
CharlieH Posted July 15, 2013 Share Posted July 15, 2013 Transfer from your account in Uk to bangkokbank in london, they transfer it on to bangkokbank account in thailand, can easily be done online. Link to comment Share on other sites More sharing options...
klubex99 Posted July 15, 2013 Share Posted July 15, 2013 (edited) 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. Edited July 15, 2013 by klubex99 Link to comment Share on other sites More sharing options...
steve187 Posted July 15, 2013 Share Posted July 15, 2013 (edited) 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 Edited July 15, 2013 by steve187 Link to comment Share on other sites More sharing options...
breadbin Posted July 16, 2013 Share Posted July 16, 2013 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 OffshoreSent 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. 1 Link to comment Share on other sites More sharing options...
pokoal2000 Posted July 16, 2013 Author Share Posted July 16, 2013 Thank you Link to comment Share on other sites More sharing options...
Upnotover Posted July 16, 2013 Share Posted July 16, 2013 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. Link to comment Share on other sites More sharing options...
breadbin Posted July 16, 2013 Share Posted July 16, 2013 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. Link to comment Share on other sites More sharing options...
topt Posted July 17, 2013 Share Posted July 17, 2013 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. Link to comment Share on other sites More sharing options...
topt Posted July 17, 2013 Share Posted July 17, 2013 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. Link to comment Share on other sites More sharing options...
misterphil Posted July 25, 2013 Share Posted July 25, 2013 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. Link to comment Share on other sites More sharing options...
cardholder Posted July 25, 2013 Share Posted July 25, 2013 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. Link to comment Share on other sites More sharing options...
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