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JAS21

TransferWise still working well

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Posted (edited)

 Well for me anyway.

 

Yesterday,, early evening I arranged my monthly transfer of 65100thb from the UK.

 

I paid at 6:50 PM, Thai Time, the money arrived in my  Bangkok Bank account just after 2 PM today.

 

It showed international transfer. That is now seven in a row for me showing international transfer. 

 

 So it looks as if transfer time is now back to what it was a few months ago and they have sorted out their problems 

Edited by JAS21
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They also added the "reason" selection an option to select for Thailand retirement so if that is selected it may also increase odds for anything but total outage.

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 Well for me anyway.
 
Yesterday,, early evening I arranged my monthly transfer of 65100thb from the UK.
 
I paid at 6:50 PM, Thai Time, the money arrived in my  Bangkok Bank account just after 2 PM today.
 
It showed international transfer. That is now seven in a row for me showing international transfer. 
 
 So it looks as if transfer time is now back to what it was a few months ago and they have sorted out their problems 
Did you set up the tagging others have mentioned?

what drop down box description did you use?

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I Paid into Transferwise Last Evening about 7.00 pm Thai Time, It was in my Bangkok Bank Account at 1.00pm This Afternoon....ALL Good...

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Posted (edited)
1 hour ago, scubascuba3 said:

Did you set up the tagging others have mentioned?

what drop down box description did you use?

 Initially I used to do the deal and then phone transfer wise and they would advise some group that I want it to go direct to Bangkok Bank.

 

They would then contact me to say it has been arranged and I was to pay the money.

 

Later my account was tagged 

 

Then there was the problem and I went back to what was arranged initially.

 

Now my account is tagged and I don’t bother informing them anymore that I am doing a deal.

 

I always used the general living expenses but since someone pointed out there was the  ‘for  Immigration’  line at the bottom I now use that.

Edited by JAS21
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5 hours ago, JAS21 said:

Well for me anyway.

And me. only ever had one hiccup and that was during the software upgrade in early June.

 

Did this months transfer at 7:30am yesterday the 1st and it arrived in my BKKB account (FTT) at 2:00pm .........Just six and a half hours later.

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Posted (edited)

As I prep for possible retirement visa and extensions and wanting to use the income method (USA citizen).  I despise this monthly transfer being enforced now due to US Embassy being lazy and unwilling to work out a solution to the embassy letters.  Having said that, visiting Transfer wise website today, I see that transferring $2,200 USD to Thailand would result in 66,689 Thai Baht, and a cost to me of $21 USD.  So for a year, that would be 21 x 12 or $252.   Not an earth shaking amount but still measurable and wasteful, when a more reasonable say transfer every 3 months could be done.

 

  I started to open an "account" with transferwise to check out how they set things up.  I didn't get too far because I was not ready to give them all my personal Information yet.  I presume you somehow indicate the personal bank account you want the funds to come from, and then later you enter the Thai bank account you want the funds to go to.   I note they ask for a mobile phone number.  That may be problematic since my USA phone and number probably will not work in Thailand.  Do they send confirmation or verification code notices and things that you are required to enter when doing transfers?  Or do you just log in from a computer somewhere?  Also, do they allow you to set up repeat transfers, like once a month on the 15th for example?

Edited by gk10002000

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You might not believe this but last month I did a transfer that took 5 mins from TW receiving my money to it appearing in my Thai bank.

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4 minutes ago, chang50 said:

You might not believe this but last month I did a transfer that took 5 mins from TW receiving my money to it appearing in my Thai bank.

 

 

2 minutes is my quickest.

 

That said, yesterday I got caught up in the “Your Transfer is taking a bit longer.....” and it arrived this morning.

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12 hours ago, gk10002000 said:

I started to open an "account" with transferwise to check out how they set things up.  I didn't get too far because I was not ready to give them all my personal Information yet.  I presume you somehow indicate the personal bank account you want the funds to come from, and then later you enter the Thai bank account you want the funds to go to.   I note they ask for a mobile phone number.  That may be problematic since my USA phone and number probably will not work in Thailand.  Do they send confirmation or verification code notices and things that you are required to enter when doing transfers?  Or do you just log in from a computer somewhere?  Also, do they allow you to set up repeat transfers, like once a month on the 15th for example?

I'm from the UK so there may be minor differences in the setup and using TW in the US but this is how to set up and complete simple transfers.

 

Once you've supplied your basic details they will open a simple TW account for you. They will give you your own TW account number (which is also used as a reference number for all transfers and correspondence) plus their bank account details for you to send the money to them. I gave my Skype (UK) phone number when I first set the account up and don't think I was asked for a mobile number, but I set my account up well over two years ago so that may now be a requirement. I've never given them my UK bank account details, but when sending money to them there is obviously a record created of where the transfer originated so that will record your bank details in their system via a 'backdoor' method. I prefer to initiate sending the money from my account as opposed to allowing somebody to pull the money at their instigation because I feel I have more control, but that's just a personal preference. When you make your first transfer you input the receiving Thai bank account details and those details are automatically remembered for future transfers. you can add other receiving more receiving bank details if you wish. 

 

Then to make a simple transfer, I just use the mobile TW APP, input the amount I want to transfer, click on the recipient account, choose the reason for the transfer and and the method I will use to make the payment. I choose Bank Transfer, switch to my UK banking APP, select send to TW and add the amount before returning to the TW APP to confirm money has been sent. The whole process takes me less than two minutes. within 2-3 minutes I receive an email confirming the transfer has been received along with a link to track it's progress, then, once the transfer arrives at my Thai bank I get a second email to confirm this and a link to a PDF showing the complete transfer process.

 

There is also the option of opening a TW Borderless Account, keep that in credit and top it up as and when, then just transfer funds to your Thai account when it suits you.

 

 

 

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1 minute ago, Jip99 said:
8 minutes ago, chang50 said:

You might not believe this but last month I did a transfer that took 5 mins from TW receiving my money to it appearing in my Thai bank.

 

 

2 minutes is my quickest.

 

That said, yesterday I got caught up in the “Your Transfer is taking a bit longer.....” and it arrived this morning.

I have found that if I start the transfer before 8:00am Thailand time I will receive the second email within a hour to confirm the transfer has arrived at my Bangkok Bank and can download the PDF to check it was a direct transfer that will have a FTT code. Bangkok Bank always update individual account at 2:00pm so that's when it actually shows in the account and can be used.

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Posted (edited)
15 hours ago, gk10002000 said:

That may be problematic since my USA phone and number probably will not work in Thailand.  Do they send confirmation or verification code notices and things that you are required to enter when doing transfers?

They use it when you attempt to log into the system on computer  - they send an SMS with code number if a different IP or whatever.  Receipt is immediate on my Thai number (must be a Thai source sending) so a good security measure.

Just checked - code in only valid for 5 minutes.

Edited by lopburi3

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I'm from the UK so there may be minor differences in the setup and using TW in the US but this is how to set up and complete simple transfers.
 
Once you've supplied your basic details they will open a simple TW account for you. They will give you your own TW account number (which is also used as a reference number for all transfers and correspondence) plus their bank account details for you to send the money to them. I gave my Skype (UK) phone number when I first set the account up and don't think I was asked for a mobile number, but I set my account up well over two years ago so that may now be a requirement. I've never given them my UK bank account details, but when sending money to them there is obviously a record created of where the transfer originated so that will record your bank details in their system via a 'backdoor' method. I prefer to initiate sending the money from my account as opposed to allowing somebody to pull the money at their instigation because I feel I have more control, but that's just a personal preference. When you make your first transfer you input the receiving Thai bank account details and those details are automatically remembered for future transfers. you can add other receiving more receiving bank details if you wish. 
 
Then to make a simple transfer, I just use the mobile TW APP, input the amount I want to transfer, click on the recipient account, choose the reason for the transfer and and the method I will use to make the payment. I choose Bank Transfer, switch to my UK banking APP, select send to TW and add the amount before returning to the TW APP to confirm money has been sent. The whole process takes me less than two minutes. within 2-3 minutes I receive an email confirming the transfer has been received along with a link to track it's progress, then, once the transfer arrives at my Thai bank I get a second email to confirm this and a link to a PDF showing the complete transfer process.
 
There is also the option of opening a TW Borderless Account, keep that in credit and top it up as and when, then just transfer funds to your Thai account when it suits you.
 
 
 
You don't mention the drop down box option, as if it isn't important
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Posted (edited)
1 hour ago, scubascuba3 said:

You don't mention the drop down box option, as if it isn't important

I did, I actually wrote (first part of the third paragraph):

 

Quote

Then to make a simple transfer, I just use the mobile TW APP, input the amount I want to transfer, click on the recipient account, choose the reason for the transfer and and the method I will use to make the payment.

There are four parts to completing that part of the transfer. All must be completed and you can't continue without completing all of them. They are therefore all equally important.

Edited by sumrit
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There are four parts to completing that part of the transfer. All must be completed and you can't continue without completing all of them. They are therefore all equally important.
Previous threads have indicated you have to specify the correct drop down choice otherwise it won't be processed as Intl payment

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