Has my sex tourist friend found a loop hole?

[Bodger22]

Hi

Advice and feedback please:

My contract is ending in a few months - all salary has been paid locally.

I will be returning to England and want to take out just under 20 000 USD.

Is there any financial benefit of doing an electronic transfer to an account in England versus buying travellers cheques?

If travellers cheques, although I am going to England is there any financial benefit regards rates of getting the USD TC rather than GBP, and then exchanging back to GBP when in England? I heard you get better rates in USD but I dont know if that works out when I convert back to GBP.

Another option is that I could leave the money here and use my Thai Bank ATM card in England and withdraw the highest amount each time when I need cash.

Any other options that someone would recommend for paying the least commission and getting the best interest rates?

I'm with Bangkok Bank

Thank you

P.S. I know I spelt "versus" wrong in the subject but dont know how to edit it! Anybody know how?

Edited January 3, 2015 by Bodger22

[wgdanson]

A year or so back, I did a SWIFT transfer from Bkk Bank to Nationwide in UK, and it was put down as SALARY REPATRIATION or something like that. Very low cost and done in hours. No questions asked!

Edited January 4, 2015 by wgdanson

[Bodger22]

Thanks for the reply - out of intterest were you taxed in the UK on the salary repat?

[wgdanson]

Thanks for the reply - out of intterest were you taxed in the UK on the salary repat?

Not if you don't tell ém!