Transfer money between companies France/Spain to Thailand

[Up2youSP]

Hi, My french and spanish companies will need to pay invoices from my thai company.

As all companies are mine, there is not risk and a simple transaction will be fine.

What is cheapest way? Any suggestion about what banks use?

Thanks

[keeniau96]

I had to pay an invoice to a Spanish company some years ago. Got the invoice from them and went to Siam bank who filled out the required form because it was in excess of US$20k (now $50k, Thai central bank regulation). Sent by SWIFT to the the Spain account (you need their bank info). Cost was very reasonable (I remember around US$50), received the next day.

[Up2youSP]

Thanks.

It's the opposite way, the transfer is from spain/frace to Thailand.

[manarak]

Thanks.

It's the opposite way, the transfer is from spain/frace to Thailand.

A classic SWIFT payment denominated in EUR to your Thai account.

Should cost about 15 to 20 EUR per wire, and exchange rate should be good, since Thai banks usually apply small FX spreads, at least I know Kasikorn does.

[Up2youSP]

Thanks manarak,

The 15 or 20 euros its a fix cost, I mean if I send for example 1000 Euros its the same cost than if I send 20000 euros?

[manarak]

Thanks manarak,

The 15 or 20 euros its a fix cost, I mean if I send for example 1000 Euros its the same cost than if I send 20000 euros?

yes, fixed cost

but ask your bank about their pricing, it may vary.

the most important is to send the payment in EUR, never allow a non-Thai bank to a conversion to THB.

Edited August 22, 2014 by manarak

[onthemoon]

Why don't you ask your bank in Spain how much their fees are?

Just curious.