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ThaivisaSales

Easily send USD or Euro to Thailand. Receive same day. No transfer fees.

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8 minutes ago, sanooki said:

Actually as of now, the service is very limited, as I mentioned above, in the US you need to be a resident of NJ. I am a long time resident of Thailand, and I do have a need to send money out, but the options in general are very limited. I have figured out a way other than direct wires from Thai banks, but it's convoluted and who knows how long it will continue. Kasikorn has a K+ app that has an international transfer option. I've tried to use it a few times, but it never works. Support only tells me to try it again, smh. I don't like going into the bank for transfers because they make me feel uncomfortable, and anyway I think the rates are not great.

I understand being American make moving money more difficult. Did you check if other exchange (bitkub?) accept American? They also have USDC and then you can cashout via Coinbase. I have no idea if it's pratical. I'm not American and don't send money outside Thailand. 

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5 hours ago, Tayaout said:

I understand being American make moving money more difficult. Did you check if other exchange (bitkub?) accept American? They also have USDC and then you can cashout via Coinbase. I have no idea if it's pratical. I'm not American and don't send money outside Thailand. 

Thanks for the suggestion. I haven't yet gone down the rabbit hole of cryptos, but it makes sense there'd be some combination that could get me there. The fees, fluctuations, and unsure tax consequences kind of scare me. That's why I liked this solution in that it simplifies the process. I thought I might even dabble a bit, once comfortable.

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1 hour ago, sanooki said:

Thanks for the suggestion. I haven't yet gone down the rabbit hole of cryptos, but it makes sense there'd be some combination that could get me there. The fees, fluctuations, and unsure tax consequences kind of scare me. That's why I liked this solution in that it simplifies the process. I thought I might even dabble a bit, once comfortable.

Coinbase has a dollar pegged stable coin (USDC) that they don't charge fees for conversion to USD.  Everex accepts deposits of USDC.  Otherwise you're quite correct, the fees alone in crypto add up quickly, nevermind the volatility in prices.

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So this doesn't apply to British Pounds?

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On 10/31/2019 at 12:29 PM, possum1931 said:

So this doesn't apply to British Pounds?

Well, I'd also want to know that, any answer?

Edited by MartinsAlmeida

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8 hours ago, MartinsAlmeida said:

Well, I'd also want to know that, any answer?

It could but it's probably not what you want. You would have to buy USDC from your British bank account. Transferwise or similar is probably better in this case. Also using this service doesn't show as international transfer for visa purposes. This service is best for those who already have or use Bitcoin or similar currencies. 

Edited by Tayaout

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I just asked my overseas bank to transfer a significant amount of money to my account here, and Eureka there it was the next day, no need to involve a third party !

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On 10/16/2019 at 7:24 AM, sanooki said:

Actually as of now, the service is very limited, as I mentioned above, in the US you need to be a resident of NJ. I am a long time resident of Thailand, and I do have a need to send money out, but the options in general are very limited. I have figured out a way other than direct wires from Thai banks, but it's convoluted and who knows how long it will continue. Kasikorn has a K+ app that has an international transfer option. I've tried to use it a few times, but it never works. Support only tells me to try it again, smh. I don't like going into the bank for transfers because they make me feel uncomfortable, and anyway I think the rates are not great.

I have had great success on the Krungsri Bank website sending funds to the USA, and for transfers from the USA to Thailand.  Perhaps you just need to change to a Foreigner friendly bank?

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On 9/25/2019 at 5:03 PM, mitos said:

That rate its a pretty much to loss. 

 

I been doing through transwerwise...where its higher rate than in Thai bank foreign exchange rate. 

I agree plus after you transfer your money from your home bank to your TransferWise acct you can let it sit until rates are more favorable. With the rates fluctuating as they do I might transfer money to my TW acct. when the exchange rate is 30.345. The money I transfer from my bank in the US arrives in my TW acct by the next day. I let it sit and watch the rates. Before rates had fallen so far I found that within 1 or 2 days the rate would increase by some. Then I would look at what the rates had been doing in the last week and if that increase to say 30.6 looks like it won't go higher I forward the money on to my BKK acct and that rate of 30.6 is locked usually for 48hours but sometimes only 36hrs but regardless you know what you are getting... Just my experience...

Just a for instance, I sent $1820 usd from my TW acct to BKK fee was $13.88

Before transferring from my home acct through ACH to BKK New York it cost $10 just for the deposit that didn't show up on any of you ledger statements, then you paid a foreign exchange fee of either 250 baht or 500 baht depending on amount sent. As a rule I paid around $24 all said and done...I am quite happy with TW...But may experiment with this option just to have it...

Edited by armadillo215

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On 10/15/2019 at 1:17 AM, Blue bruce said:

why is it that all these money transfer ads promote sending money into Thailand but cannot send money out of Thailand. I have never seen an ad promoting  money transfer out of Thailand. What am I missing here ????

Check DeeMoney....Easy, you can do on your mobile, relatively inexpensive and no gov. paperwork. You can send cash or transfer from your bank here to where ever...

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