bmanly Posted April 14, 2016 Share Posted April 14, 2016 I just transferred some money from my home country to my Bangkok Bank Account. During Songkran all the banks are closed so when will it go into my account and what exchange rate will they choose? Monday next weeks rate or the Tuesday before Songkran rate? Link to comment Share on other sites More sharing options...
lopburi3 Posted April 14, 2016 Share Posted April 14, 2016 Depends on how sent but will likely arrive Monday or Tuesday depending on method and the rate of exchange will be that of the time it is received in Thailand. Link to comment Share on other sites More sharing options...
bmanly Posted April 14, 2016 Author Share Posted April 14, 2016 Sent online today by me with Citibank. Usually when I do this during the AM on the day it arrives on the same day in the PM, just wondering how Songkran affects it. Link to comment Share on other sites More sharing options...
lopburi3 Posted April 14, 2016 Share Posted April 14, 2016 (edited) In that case you are talking about SWIFT I suspect, rather than the cheaper but slower ACH using Bangkok Bank. In years past banks were not allowed to remain closed more than 3 days but have not seen any mention of that recently so expect will not be credited until Monday and the rate of exchange will either be that now posted or any change at the time processed on Monday (Thailand time). Edited April 14, 2016 by lopburi3 Link to comment Share on other sites More sharing options...
allane Posted April 14, 2016 Share Posted April 14, 2016 Don't spend too much time worrying about it. You have already sent the transfer, and it is irrevocable. You will get whatever you get. Link to comment Share on other sites More sharing options...
bmanly Posted April 14, 2016 Author Share Posted April 14, 2016 OK, thank you and yes it was sent by SWIFT. I will update this thread when it comes through. Link to comment Share on other sites More sharing options...
55Jay Posted April 14, 2016 Share Posted April 14, 2016 It'll be in the queue so yes, probably Monday. I did a mid-week ACH recently via BB NY branch. Couple days for my bank to process, then we went into the weekend. It reflected in my local BB account about 10am Monday morning. Link to comment Share on other sites More sharing options...
ubonjoe Posted April 14, 2016 Share Posted April 14, 2016 It will should be credited to your account on Monday. Exchange rate will be for the date it is received and could also depend upon the time of the day it is processed. Link to comment Share on other sites More sharing options...
bmanly Posted April 18, 2016 Author Share Posted April 18, 2016 Hello, I am updating the thread. The money appeared in my account this evening and it was at this evenings TT rate (Monday Evening). Thank you all, you were actually all correct, cheers. Link to comment Share on other sites More sharing options...
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