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We regularly transfer money from Lloyd UK to SCB Phuket in Sterling.  They charge £ 9.50. If done by 3pm UK it is here next morning (or Monday if sent on a Friday).  Can all be done online.  We transfer a few thousand pounds over every now and then,  and then use SCB debit card to withdraw cash at no charge. If we are using a card for payment (hotel,  better restaurant,  Central,  etc,  we use UK cards (Halifax or Monzo)  with no charge.  

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If you open a BKK bank account you can set up a  bounce" via BKK bank London. 

Barclays (eg) to BKK London. In sterling. No International fees. 

BKK route it to your BKK Thailand in THB. 

Set it up on UK online banking as one offs or direct debit 

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17 minutes ago, RandG said:

We regularly transfer money from Lloyd UK to SCB Phuket in Sterling.  They charge £ 9.50. If done by 3pm UK it is here next morning (or Monday if sent on a Friday).  Can all be done online.  We transfer a few thousand pounds over every now and then,  and then use SCB debit card to withdraw cash at no charge. If we are using a card for payment (hotel,  better restaurant,  Central,  etc,  we use UK cards (Halifax or Monzo)  with no charge.  

Next time you arrange for a transfer from UK to SCB can I suggest you also check the Transferwise site to see what baht you would receive (normally next day as with your current actions) if using their service. Then compare that with the baht you actually received. You might be surprised at how much you are losing out on.

 

The TT exchange rate on your current transaction is set by SCB and they tend to offer one of the lowest rates in comparison with other Thai banks. As indicated by this comparison site.

http://bankexchangerates.daytodaydata.net/default.aspx

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1 hour ago, 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.

Thank you, yes it was exactly what i mean

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12 hours 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.

No. 1 contravenes the Ts & Cs of the Clarity Card - do it often enough and the funds will be returned from whence they came and/or they'll close your account.

No. 2.  Banks currency windows offer poor exchange rates.  Far better to request a cash advance on the card from a teller, where you'll get the Mastercard rate, but not all banks/branches allow this.

 

Tandem card is a non premium card which offers the same service and also gives 0.5% cashback.

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On 11/11/2019 at 4:05 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:

Transferwise costs me £7.00 to transfer £1000 to my Thai bank account with an exchange rate of 39.02 as of today. Halifax exchange rate is 37.73

 

Transferwise : £1000-£7.00=£993 * 39.02 = 38,746.86 baht

    Halifax : £1000-£9.50=£990.50 * 37.73 = 37,371.57 baht

 

Transferwises transaction time 1hr to 3days (most of my transactions have been made in 24hours)

 

Basically Halifax are shafting you for 1,375 baht (£35). Not a lot as a one off transaction but these soon add up. Besides why would you want to give money away, your missus can make use of it 🙂

 

Edited by Chelseafan

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12 hours 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.

He means he has a Thai bank account with a Thai debit card.

 

I have a Bangkok bank account and don't get charged for withdrawals if I use the banks own machines, if I use an other banks machines then I get charged a nominal 20baht.

 

EDIT: I see lots of posters already stated the same.

 

Edited by Chelseafan

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On 11/11/2019 at 2:24 PM, baansgr said:

Transferwise or WU...compare what rate and charges are which will depend on amount sent. Also can SWIFT but rate will be lower than above

Don't even THINK about WU unless you need to get cash to Thailand urgently. Their charges are phenomenal

 

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16 hours ago, jimn said:

I use my no fees Halifax Clarity card whenever I can over here. Whenever I buy petrol for the car, shop in Big C or Tesco Lotus or go out for a meal. The exchange rate is the Mastercard rate which is very competitive, I pay no fees and I pay the bill direct from my UK bank account once a month. I only use cash in bars and shops/market that doesnt take cards. No need to keep sending tons of cash over. In the UK spending on credit/debit cards has overtaken cash. There are even bars and venues that are cashless now, all transactions are on card.

I have a clarity card and do the same but most of my transactions are in bars 😞

 

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15 hours ago, kevin612 said:

I am sick of these high atm fees on us, robbing from us.

There's enough info on here for you to get off your ass and stop paying them 🙂

 

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14 hours ago, chricha said:

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

Get yourself an ING Everyday account; couple of hurdles to comply with (deposit $100 and 5 transaction a month, not withdrawals) but then you get no fees and ATM fees reimbursed.

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On 11/11/2019 at 8:19 PM, CharlieH said:

Unless you bank with TMB and there are NO charges for out of province use.

Yep i think all the banks are the same now didn't know about TMB. Transferring money from overseas the BKK bank has a max fee of 300 baht unless that has changed now.

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On 11/11/2019 at 10:20 PM, MikeN said:

That depends on the destination bank and branch. If Transferwise send the money via BKK Bank, but then they send it on to a different bank in Nakorn Nowhere you may have to pay the normal fee for a domestic transfer for an interbank/inter province transaction

I had problems a few years ago some money sent from OZ went to a holding bank first (twice) and i got a lower ex-rate BKK bank was very helpful and showed me docs from their records.To cut a long story short, after e-mails to Oz they advised me to put message to bank/acc ' DO NOT EXCHANGE FUNDS' have never had a prob since. i now do that on all transfers no matter what country it comes from.

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22 hours ago, Marvest said:

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

Krunsi bank will allow you to open a Tourist acc.

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22 hours ago, Tayaout said:

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. 

Wrong Krunsi have tourist accounts.

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