BBL New York to Thailand ACH fast today

[lopburi3]

Requested USAA ACH funds on 1 June (sent them yesterday at about 1100. Expected Monday to be holiday for bank and that would receive about Thursday. Received Tuesday at 0845 so less than one day. Has always been at least 2 days in the past.

[Pib]

That's fast...one time years back I got a USAA ACH transfer to Bangkok Bank in approx 18 hours....I was very surprised...usually it took 2 to 3 days.

[lopburi3]

The glass half empty can explain it as exchange rate on the down slide so trying to process before they have to pay more (and there probably is some truth to that):

Ex 1 today 33.60

Ex 2 today 33.65

Ex 3 today 33.64

[Pib]

Since a person does not know for sure when a wire transfer was really transmitted by the sending bank (not to be confused when a person submits the request), when the receiving bank actually received it and their internal processing/posting policy, a person really shouldn't expect anything other than getting one of the rates for the day if they are pretty sure when the money will arrive based on past experience. But when they send they probably don't know for sure whether it will even arrive one hour, 6 hours, 1 day, 2 days, etc., from now....so they are spinning a wheel not knowing what exchange rate the wheel will stop on because the exchange rate will almost always change numerous times everyday driven by forex markets, world events, etc. It's somewhat of a crap shoot....but a person is always hoping for a winning throw. Preaching to the choir I know.

[JimGant]

Requested USAA ACH funds on 1 June (sent them yesterday at about 1100. Expected Monday to be holiday for bank and that would receive about Thursday. Received Tuesday at 0845 so less than one day. Has always been at least 2 days in the past.

Interesting. I consistently have about a 34 hour submit-receive period, submitting, for example, 1100PM Monday, Thai time, receiving 0845AM Wednesday Thai time. I figure the submittal, gets to San Antonio (USAA) real time at 1100AM Monday, Texas time (daylight savings). Being an ACH transfer, which are batch transfers, it sits around until the afternoon batch heads for Bangkok Bank NY. But afternoon batches apparently wait until the following morning (Tuesday) to be wired to Thailand. So, my transfer gets to Thailand Tuesday evening/night Thai time, and awaits the doors to open (since I've never gotten anything but the 0830 TT rate, I assume it's waiting for the doors to open).

Now your ACH sat in San Antonio from 1100PM Sunday night, got through the early opening doors, and apparently met the early batch to Bangkok Bank NY -- and thus, apparently, made it in time in NY to be turned around and headed for Thailand same day (Monday). It then got to Thailand Monday night Thai time, and was there for the doors to open Tuesday morning, Thai time.

My theory, anyway. But USAA's ACH transfers are a lot more efficient than other US banks, so the same thing with another bank (like Bank of America, with its ACH middleman -- and where you pay for ACH disservice) would meet with slower results. Plus, USAA allows me to raise my daily ceiling, currently at $30k, so they're very flexible. But, enuf free advertising.

[Pib]

Yea, I got them to permanently raise my daily ceiling three-fold above their standard ceiling...had to sent an email with a few sentences of justification requesting the increase. Now if USAA would only offer no foreign transaction fee debit/credit cards vs their 1% foreign fee cards.