U. S. dollar transfer from Sri Lanka to Bangkok Bank

[chinofarang]

Hello everyone,

I just finished a job in Sri Lanka and my employer will transfer to me my wages to my Bangkok Bank Thai baht account in USD. I would like to know how much it will cost me to transfer the sum. I assume the bank will convert it to THB and I would then withdraw the baht and convert it back to dollars. I would prefer to do this through PayPal as my U.S. account is linked to it but my employer is not able to do so. I think the transfer fee for PayPay is 2 percent of the sum.

Having to do a double conversion sounds like it will be a hassle but it sounds necessary as I do not have a USD account with B.B.

My question is how much will I lose in the conversion from USD to Baht on the initial transfer and then the conversion from baht to USD if I use the bank's rate or another currency exchange. The sum is 2300 USD.

Thanks!

[suzannegoh]

If I'm reading the info on thier web page right, Bangkok Bank will charge you 200 baht to receive $2300 by TT and today's TT exchange rate is 35.57. That means that transferring $2300 should result in 81,611 baht being deposited in your savings account. Then if you convert it back to USD and take the money as cash, they would apply a rate of 35.94 and you'd net $2270. There may also be additional fees from the Sri Lankan bank that either the sender or you would need to bear..

http://www.bangkokbank.com/BangkokBank/PersonalBanking/DailyBanking/CurrencyExchange/Pages/Fees.aspx#1
http://www.bangkokbank.com/BangkokBank/WebServices/Rates/Pages/FX_Rates.aspx

Edited August 22, 2015 by suzannegoh

[loppylugs1]

Try Azimo or Transferwise