#banking · 3 days ago

How Can I Quickly and Cheaply Transfer Money from Europe to Thailand?

How Can I Quickly and Cheaply Transfer Money from Europe to Thailand? photo thailand

Are you an expat in Thailand struggling to transfer money from Europe? Do you find the process slow and costly? For example, have you ever tried to transfer money on a weekend only to find out it takes several days to arrive, or have you been charged high fees for a fast transfer?

Are you tired of waiting for your money to arrive in Thailand? Do you find the transfer fees too high? Look no further. I’ve got the solution for you.

Transferring money from Europe to Thailand can be a real pain, especially if you’re not familiar with the process. But don’t worry, I’m here to guide you through it.

One of the best ways to transfer money from Europe to Thailand is through a service called Wise (formerly TransferWise). Wise is a multicurrency service that allows you to send and receive money in different currencies, including Thai Baht. The best part is that it’s fast and cheap.

Here’s how it works:

  1. Sign up for a Wise account online or through their mobile app.
  2. Create a multicurrency account and add your European bank account details.
  3. Transfer money from your European bank account to your Wise account.
  4. Convert the money to Thai Baht and send it to your Thai bank account.

Wise has partnered with several Thai banks, including Bangkok Bank, Kasikorn Bank, and SCB, which means you can transfer money directly to your account without any hassle.

One of the biggest advantages of using Wise is that it’s fast. You can transfer money in seconds, no matter what day of the week it is. And the fees are way lower than what you’d pay at a traditional bank.

For example, if you transfer €1,000 from Europe to Thailand using Wise, you’ll pay a fee of around €5-€10, depending on the exchange rate. That’s a fraction of what you’d pay at a traditional bank.

Another advantage of using Wise is that you can avoid the Thai banks’ maximum transfer limit of ฿50,000. With Wise, you can transfer up to ฿2 million when banking with one of their partner banks.

So, how do you get started with Wise? Simply visit their website at www.wise.com and sign up for an account. You can also download their mobile app on your smartphone.

In addition to Wise, there are other services that offer fast and cheap money transfers from Europe to Thailand. Some of these services include DeeMoney and PromptPay.

DeeMoney is a service that allows you to transfer money from Europe to Thailand at competitive exchange rates. They also offer a multicurrency account that you can use to send and receive money in different currencies.

PromptPay is a service offered by Thai banks that allows you to transfer money from Europe to Thailand quickly and easily. You can use PromptPay to transfer money to your Thai bank account or to pay bills online.

Overall, transferring money from Europe to Thailand doesn’t have to be a hassle. With services like Wise, DeeMoney, and PromptPay, you can send and receive money quickly and cheaply.

So, what are you waiting for? Sign up for a Wise account today and start transferring money like a pro!

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