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Transferring monies from Australia to Thai bank account , using western union or other similar company .


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On 14/11/2016 at 6:39 PM, Peterw42 said:

 

Yes, for small amounts, under $1000, the private companies are cheaper. Once you transfer over a couple of thousand then most of the time the TT rate and fees, is a cheaper option. 


I'm up for sending several thousand $A and seems after reading through this thread, is the way to go. ie: not converting in Australia but to send as $A to a Thai bank using TT

In the past we have used X-Wing in Sydney but I have a Citibank account where I might do this TT seeing it's a large amount.

 

I'm just curious, why is it that Thai banks give the better exchange rate compared to the Australian banks?

Is it simply are Aussie banks are greedier?

Posted

My Bangkok Bank debit card worked fine to book my flight to the USA, but it wouldn't work to book the flight back. Also, can't access my account via iBanking with the same password I used when I left. Guess we'll figure it out when I get back.

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