Hello all. Apologies ahead if this is a silly question but I am a novice with the best practices with international transfers as far as not getting killed with fees and exchange rates, etc.
So, long story short, I am closing my Krungsri account and transferring the balance to my account in the US.
They are offering 250 baht for online app transfers until the end of the year, so that seems fair enough.
My main question is, would "Wise" or any similar app be better to do this for saving on fees and conversion rates?
Also, my US bank does not accept baht, which seems reasonable.
In the app, you can choose Thai baht or USD to get transferred. If you choose THB, there are tons of extra fees, etc... Do they convert the THB to USD once it reaches my US bank? Or do I really only have to choose USD and accept their conversion rate they offer that day I transfer?
I maybe overthinking this, but it all gets confusing for me.
Thanks for any assistance.