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So fed up with atm rip off every time I want to get some cash. Therefore my Thai lady will open a new bank account for my use. What I would like to know is the best way of transferring from my English

Can't you just pay her using her bank account?   Open your own bank account when next in Thailand.   For Transfers Transferwise is good

Why don't you open a bank account in YOUR name? No offense but you 'll not be the first after you have transferred a lot of money on HER new account she is not anymore your lady and goodluck

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5 minutes ago, Marvest said:

What visa types allow a foreigner to open a bank account in Thailand? 

Any visa except tourist. Even tourist visa did work and may still work with the right contacts or situation. 

 

Personally, I opened a bank account twice at Bangkok Bank. First time on ED visa. They closed it after 2 years inactivity. Opened another one on non-o multiple entry. 

Edited by Tayaout
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On 11/11/2019 at 11:05 AM, petermik said:

Halifax (Lloyds Banking Group) charges me £9.50 to transfer money online to my Thai Bank...takes 3/4 days and I transfer the money in UK pounds :thumbsup:

 

Halifax Clarity Credit Card, linked to Halifax Account online gets Bank mid-market rate (better than ANY other transfer rate) and NO charges:

 

1. Go online and transfer at least as much as will cover amount being used plus any outstanding balance on the card from Bank Account to Credit Card  (or can be done as item4 below)

2.  Go to own bank currency window and withdraw in BAHT against Credit Card

3.  Deposit all that you wish in Thai Bank account

4.  Go home and check Pending Transactions on Credit Card tomake sure you have transferred enough to cover plus a bit

5.  Check back daily for exact rate obtained.

 

Cash withdrawal attracts NO charges when foreign.

Cash withdawal attract interest from next working day unless all paid off...hence 1 and 4 above.

 

Aqua Card also offers same rates, but cannot have funds preloaded to create positive bakance.  Several Premium Credit Cards offer same - but you will be aying Annual Fee.

 

No Credit Card, then TransferWise most likely best option.

 

PH

 

 

 

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Not sure if it applies to all Citibank clients but if I use my Australian Citibank debit card at a Citibank ATM overseas,

I get a very competitive exchange rate and no ATM fees.

The downside in Thailand is there are only 3 ATMs in Bangkok. Nowhere else. 😞 

Otherwise I use my card and pay the exorbitant 220 baht fee at a Thai bank and grumble every time.

But I make sure I take at least 20,000 to reduce the cost to 1.1% or less if the exchange goes back up and I can take more.

 

 

Edited by chricha
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23 minutes ago, Phulublub said:

 

Halifax Clarity Credit Card, linked to Halifax Account online gets Bank mid-market rate (better than ANY other transfer rate) and NO charges:

 

1. Go online and transfer at least as much as will cover amount being used plus any outstanding balance on the card from Bank Account to Credit Card  (or can be done as item4 below)

2.  Go to own bank currency window and withdraw in BAHT against Credit Card

3.  Deposit all that you wish in Thai Bank account

4.  Go home and check Pending Transactions on Credit Card tomake sure you have transferred enough to cover plus a bit

5.  Check back daily for exact rate obtained.

 

Cash withdrawal attracts NO charges when foreign.

Cash withdawal attract interest from next working day unless all paid off...hence 1 and 4 above.

 

Aqua Card also offers same rates, but cannot have funds preloaded to create positive bakance.  Several Premium Credit Cards offer same - but you will be aying Annual Fee.

 

No Credit Card, then TransferWise most likely best option.

 

PH

 

 

 

the bank account doesn't need to be Halifax

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On 11/11/2019 at 11:25 AM, kingofthemountain said:

Why don't you open a bank account in YOUR name?

No offense but you 'll not be the first after you have transferred a lot of money

on HER new account she is not anymore your lady and goodluck for having your money back.

If you open YOUR bank account here in Thailand you have no more fee when you use the ATM

"If you open YOUR bank account here in Thailand you have no more fee when you use the ATM".

How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there

is a fee of 250+ Baht.

I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge.

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10 minutes ago, possum1931 said:

"If you open YOUR bank account here in Thailand you have no more fee when you use the ATM".

How do you make that out? I have an account with the Bangkok bank, and if I use my UK debit card there

is a fee of 250+ Baht.

I know that in some cases, only some cases, I can go into the bank and draw it from the counter at no charge.

 

 

What the poster was meaning I am sure is that if he opens his own bank account here and puts cash in, he then gets a debit card from his bank in this country and uses that to avoid ATM charges

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Just now, CharlieH said:

I think what he means is, if you have a Thai bank account and card, you can draw using that card and not the overseas uk card, which dependent on bank and type can attract fees.

 

Hehehe,

 

You just beat me to it.

 

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Schwab one international account, no ATM fees charged anywhere, no foriegn transaction fee, plus they reimburse any fees charged by the other bank.   You have to have 25K us dollars to open the account though.  It is actually a brokerage account but you can request ATM cards/checks for it.

 

If you have a US address you can open a regular account with them with no opening deposit requirement.

Edited by rwill
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