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I recently switched to Azimo.com - they charge only 0,99€ for a transfer. But of course you have to include the offered exchange rate in the equation,

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Posted (edited)
56 minutes ago, Susco said:

And that it is owned by PayPal, probably the last company in the world you should trust with your money

I have no issues with Azimo. Very fast transfers, often within 30 minutes into my Thai bank account. No experience with PayPal, never used them.

Some background info: https://azimo.com/en/about-us

Edited by damascase

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Posted (edited)
12 minutes ago, damascase said:

I have no issues with Azimo. Very fast transfers, often within 30 minutes into my Thai bank account. No experience with PayPal, never used them.

Some background info: https://azimo.com/en/about-us

 

Just wait until they suspend your account without giving any reason or communicating, which PayPal is infamous for, and block all funds for 180 days. Azimo is owned by PayPal, so same flea dogs

 

https://www.google.com/search?client=firefox-b-d&q=payapal+blocks+funds+180+days

Edited by Susco
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Do you need a Thai current bank account as opposed to a savings account which most people in Thailand open, in order to receive funds from overseas?

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2 minutes ago, stament said:

Do you need a Thai current bank account as opposed to a savings account which most people in Thailand open, in order to receive funds from overseas?

I don't have a current account. Only a savings account and I transfer my pension monthly without issue.

 

 

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Just now, phetphet said:

I don't have a current account. Only a savings account and I transfer my pension monthly without issue.

 

 

Cool, presumably you use the IBAN and BIC code?

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6 minutes ago, phetphet said:

I can't remember what details were required. I just filled in the forms on Transferwise's website with whatever they asked for. All worked smoothly now for a couple of years. You can search here on ThaiVisa or better still, Transferwise website. Lots of people use the service and most seem pretty happy with it.

Yes Transferwise works very well, takes minutes to arrive in Thailand.

 

All you need is select bank from drop down menu, enter name of account holder and account number, and it is on the way.

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2 hours ago, damascase said:

I recently switched to Azimo.com - they charge only 0,99€ for a transfer. But of course you have to include the offered exchange rate in the equation,

today with azimo not including fees for 1000gbp = 40.148hb with transferwise inc fees = 40,354thb

for 5000gbp azimo = 200,742thb transferwise = 201,871thb

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1 hour ago, stament said:

Do you need a Thai current bank account as opposed to a savings account which most people in Thailand open, in order to receive funds from overseas?

I have only a Thai savings account, to which I transfer funds from my home country.

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TransferWise should quote a net rate rather than gross rate, it hides the effect of the fee

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Posted (edited)
58 minutes ago, steve187 said:

today with azimo not including fees for 1000gbp = 40.148hb with transferwise inc fees = 40,354thb

for 5000gbp azimo = 200,742thb transferwise = 201,871thb

why not compare them both WITH or without fees?  this info doesn't tell much since they are different standards.

Either way, I guess it looks like you got more money using transferwise

 

Edited by Dart12
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