Transferring Money from Australia

[Poompui]

Looking for a bit of advice please.....want to transfer money into Thailand to either rent some property and buy a business,or just buy a house (in my Thai wifes' name).

I was going to just bring cash with me,but my bank is playing hard to get,throwing all sorts of obstacles in my way.

Need to bring $50,000 to start with...is there an easy way to simply transfer the money to a Thai bank which won't cost me a heap in fees?

I normally use the black market money changers and get a good rate.....

Any ideas? I know the wife has a few Thai banks......anyway,please don't get hung up on the amount,just a simple cheap method to achieve this would be great!

Thanks......

[Julie H]

I advise you to leave your money in Australia

[simple1]

No idea why your bank will not give you the cash, you can bring as much as you wish so long as it's declared at Customs in Oz and Thailand.

I have used CBA (well over 50k) for SWIFT bank to bank transfer in A$ to my Thai bank account with no problems whatsoever. Can't remember the exact fees, but minimal. Remember when transfering to have a note on the electronic file as to purpose. Thai bank will provide a Foreign Exchange Transaction Form with the transaction note for your records.

[Shurup]

1. Give your bank 3-4 days notice if you need a large sum of cash.

2. If they don't provide - change the bank! Your money - your way or no way!

3. Search, plenty of topics on TV on this subject.

I personally always bring cash. A month back I brought a $45,000 CAD in - nooo problems!! Changed at VASU and got a good rate!

[Poompui]

No idea why your bank will not give you the cash, you can bring as much as you wish so long as it's declared at Customs in Oz and Thailand.

Living in a smallish country town,the "codeshare" bank wants to charge for Armaguard to make a special delivery....and pay for armed escort to my car and such...rather keep a lower profile!

1. Give your bank 3-4 days notice if you need a large sum of cash.

2. If they don't provide - change the bank! Your money - your way or no way!

3. Search, plenty of topics on TV on this subject.

I personally always bring cash. A month back I brought a $45,000 CAD in - nooo problems!! Changed at VASU and got a good rate!

Thanks,been researching now on TV......and have also seen Ozforex are having a "first transaction free" promotion.....might look into that.

Can anyone see a problem if I do a SWIFT transfer from our joint account at Adelaide bank to my wifes account in Thailand (think she has 3 banks,SCB,Kasikorn and Krungthai)

Don't have a personal account yet in Thailand......

Thanks again.

[Shurup]

Here are a few recent threads:

http://www.thaivisa.com/forum/topic/741252-getting-money-into-thailand-best-way/

http://www.thaivisa.com/forum/topic/719596-bringing-over-20000-usd-in-cash-anyone-tried-whats-the-procedures/

[aarn]

Can only send $10k/day via SWIFT/IMT and charge is $22/transfer (CBA) so five days of transferring will set you back $110

and you'll have peaceof mind re. no need to declare taking cash out-of-country, or robbery and disposal of your body down a mine shaft.

Remember, always transfer $AUD ie. DON'T convert to ThB before transferring (look carefully at the final page of the transfer on the www.). AA

[simple1]

Can only send $10k/day via SWIFT/IMT and charge is $22/transfer (CBA) so five days of transferring will set you back $110

and you'll have peaceof mind re. no need to declare taking cash out-of-country, or robbery and disposal of your body down a mine shaft.

Remember, always transfer $AUD ie. DON'T convert to ThB before transferring (look carefully at the final page of the transfer on the www.). AA

As OP is in Oz, just go to a branch and can transmit as much as you wish in one transaction, think current fee is $35 using branch office

Edited July 20, 2014 by simple1

[ozziepete]

I transfer from my Westpac in OZ to my Bangkok Bank in Thailand and it is there the next business day. Always send and receive in AUS $. $10 000 max per day then there is no need to declare.

[Shurup]

^ I don't think there's a limit if you're transferring at the branch in person. Most of online transfers would have some daily limits but not when you do it in person.

[marcusd]

No idea why your bank will not give you the cash, you can bring as much as you wish so long as it's declared at Customs in Oz and Thailand.

Living in a smallish country town,the "codeshare" bank wants to charge for Armaguard to make a special delivery....and pay for armed escort to my car and such...rather keep a lower profile!

1. Give your bank 3-4 days notice if you need a large sum of cash.

2. If they don't provide - change the bank! Your money - your way or no way!

3. Search, plenty of topics on TV on this subject.

I personally always bring cash. A month back I brought a $45,000 CAD in - nooo problems!! Changed at VASU and got a good rate!

Thanks,been researching now on TV......and have also seen Ozforex are having a "first transaction free" promotion.....might look into that.

Can anyone see a problem if I do a SWIFT transfer from our joint account at Adelaide bank to my wifes account in Thailand (think she has 3 banks,SCB,Kasikorn and Krungthai)

Don't have a personal account yet in Thailand......

Thanks again.

DO NOT EVER transfer to kasikorn from Oz. I did and it goes through Citibank in Hong Kong FIRST regardless of what they tell you back home and you get the most SHIT RATE EVER.

I use WESTAPC and pay $20 only and send AUD to an AUD account at Bangkok Bank NO ISSUES.

Do that. Be safe Have no questions.

And to open an AUD account at Bangkok Bank you need residency Certificate and PASSPORT and that stupid Blue form they clip in your passport saying you will leave one day TM2??/ i am not sure what it is called.

This way you have no Immigration issues or questions and YOU choose when you wantto convert the money.

I even withdrew AUD from Bangkok bank in Kad Suan Kaew in Chiang Mai no issues