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save money in Thail back max interest in fix deposit 1.25%, take a loan and see the difference in profit margins. daylight robbers. 

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On 11/12/2019 at 6:40 AM, alzack said:

You Might like VIRGIN MONEY good exchange rates and no fees, you must move £1000 min

My HSBC bank were charging £23 a go and poor rate

 hope it helps

HSBC currently charge just £4 per swift transfer (free to another HSBC foreign account). You should always send the money in GBP and you will get a better rate the Thai end and usually no fees because the receiving bank make some money on the exchange.

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On 11/12/2019 at 11:28 AM, 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. 

if someone wants to do a conversion to non imm 'O' visa from a tourist visa, how would be have 800,000 baht in the bank without an account.

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16 minutes ago, steve187 said:

if someone wants to do a conversion to non imm 'O' visa from a tourist visa, how would be have 800,000 baht in the bank without an account.

It's a chicken and egg question. However, you can get a non-o visa without financial proof (not sure about retirement) in a neighbouring country. Once you have a non-o visa it's easier to open a bank account. 

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On 11/13/2019 at 12:58 AM, treetops said:

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.

No1...strange,then, that I have been doing this for years.

No2...You obviously know better than me what exchange rate I get when I do my transfers. 

 

Others may wish to check for themselves rather than rely on unsubstantiated nonsense from anyone, me included.

 

PH

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On 11/11/2019 at 1:46 PM, KhunBENQ said:

No they won't. Same for me.

A fee does not occur as the actual transfer is in Thai Baht from within the country.

 

BKK bank charges 400 THB on receipt of EFT funds (not transferwise)

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45 minutes ago, Phulublub said:

No1...strange,then, that I have been doing this for years.

No2...You obviously know better than me what exchange rate I get when I do my transfers. 

 

Others may wish to check for themselves rather than rely on unsubstantiated nonsense from anyone, me included.

No. 1 - so have I (and others above) but I'm aware of the Ts and Cs and the possible repercussions so it's only fair that these are pointed out.

 

No. 2 - I don't know how  or where you do your transfers - maybe in your mum's basement - so how would I possibly know what exchange rate you get?  I was pointing out the difference I have come across between a bank's exchange counter and a withdrawal via a regular teller.  Also as pointed out above, this may vary between banks/branches.

 

Either way, my post was not "unsubstantiated nonsense" so maybe you should take your hands away from the keyboard before you embarass yourself even more.

  • Sad 1

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