Welcome to KhonKaen.com - Home

Home   Forum   Maps   Night Life   Contact   Links   Search
Attractions
General
Chonnabot Silk
Horse Track
Museum
Ubolrat Dam
Wat Jien Bung
Wat Nongwang
Wat Wutharam

Community
General
Forum
Thai Etiquette
Area Codes
Transportation
White Pages
Yellow Pages

Festivals

History

Hotels

General
Bussarakam
Chaipat
Charoen Thani
Kaen Inn
Khon Kaen Orchid
Kosa
PP Hotel
Pullman
Yellow House

Links
General
Khon Kaen Education & Travel Programs
BahtSold.com
Need legal help?
Retire in Thailand
UdonMap.com

Maps
Thailand
Province
Ring Road
Downtown
Hotels


Nightlife

General
Seven's Corner

Photos

Recreation

Khon Kaen Golf

Resorts

Baan Soun Country Retreat
Castle Howchow
Greenery Resort
Rachawadee Resort & Spa


Search


Discussion Forum
  New Posts New Posts RSS Feed - Internet transfer via Bangkok Bank London
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Internet transfer via Bangkok Bank London

 Post Reply Post Reply Page  12>
Author
richard47 View Drop Down
Newer Member
Newer Member
Avatar

Joined: 25 Feb 08
Location: Khon Kaen
Status: Offline
Points: 23
Post Options Post Options   Thanks (0) Thanks(0)   Quote richard47 Quote  Post ReplyReply Direct Link To This Post Topic: Internet transfer via Bangkok Bank London
    Posted: 12 Feb 10 at 13:22

On the website of Bangkok Bank London, I see they have a facility whereby you can transfer money from your own, whichever, UK bank to Bangkok Bank London for onward transmission to a Bangkok Bank account here in Thailand.

 

Has anyone used this service, and if so, how well did it work in terms of time taken from initiating the transfer to arrival Thailand? Also, which method is best, to exchange pounds to baht in UK, or send in pounds and exchange here but incurring a higher charge?

 
I bank with RBS, and they tell me that the only way they will send money outside the UK banking area, is if they receive written instructions by post. No fax, and certainly no internet!
Cheers






 

Richard
Back to Top
Sponsored Links


Back to Top
Yosser View Drop Down
Newer Member
Newer Member
Avatar

Joined: 17 Dec 08
Location: UK and KK
Status: Offline
Points: 34
Post Options Post Options   Thanks (0) Thanks(0)   Quote Yosser Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 10 at 14:50
Richard,
We bank with Lloyds TSB in the UK and they have no problem with us transferring money directly to our account in Thailand with Siam Commercial Bank. We can transfer any amount and fee is around £20 which is way better than Western Union or similar and money is there within 2/3 days.
Success is purely down to luck......just ask any failure.
Back to Top
peteh View Drop Down
Senior Member
Senior Member
Avatar

Joined: 02 Mar 06
Location: KK
Status: Offline
Points: 690
Post Options Post Options   Thanks (0) Thanks(0)   Quote peteh Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 10 at 15:07
Hi Richard,
 
I cannot help with the question regarding Bangkok Bank, but I also bank with RBS and have had the same problems.
 
What I have done, is set up a monthly Standing Order from my RBS account to Thomas Exchange (London). They then send my money (jokingly, via RBS) to my SCB account in Khon Kaen. It takes 2 - 3 working days and they charge 10GBP per transaction under 3,000. Above 3,000 it is free.
I should mention that I always check the RoE from Thomas Exchange and it is always better than I would get through the ATM route.
 
The STO can be set up on line, but you would need to Fax a copy of your Passport (International Money Trading Rules) to Thomas Exchange. It takes less than 24 hours to set up.
 
PM me if you would like more details.
 
Just as an aside, I have always had problems with RBS sending ATM cards etc. to Thailand. They have refused to do so. Then, about 2 weeks, a letter arrives with my new Visa Debit from them. Unknown to me, they are scrapping the Highline Maestro system and replacing it with Visa Debit, as this is accepted it far more places overseas, and is easier to get cash over the counter in a Thai Bank. When I called to activate it, the lady (bless her) said "Oh, we should not have posted that to you - do you want to send it back to us and get it collected?" - REALLY.
I tried using it in Tesco Lotus and it was accepted with no questions asked.
 
Pete
Once upon a time.......
Back to Top
toffee man View Drop Down
Senior Member
Senior Member


Joined: 20 Jan 05
Location: Thailand
Status: Offline
Points: 668
Post Options Post Options   Thanks (0) Thanks(0)   Quote toffee man Quote  Post ReplyReply Direct Link To This Post Posted: 12 Feb 10 at 23:33
Richard,
Change your UK bank. I use Halifax and I send out money on a monthly basis online; cost for each transfer is 9.50GBP. The online option has been available for about 6 months. So far I have received the money within 24 hours (to a Bangkok Bank a/c in KK) and at TT rate. No doubt other banks will offer a similar service. JUst to put things in context, this is probably the first time that Halifax has actually initiated something that has benefited me.

Cheers
Alan
Play golf in Khon Kaen? Why not look at our website www.khonkaengolf.com
Back to Top
billp View Drop Down
Senior Member
Senior Member
Avatar

Joined: 11 Jun 08
Location: Klaeng
Status: Offline
Points: 860
Post Options Post Options   Thanks (0) Thanks(0)   Quote billp Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 10 at 11:02
i use barclays international regular payment section set up by letter to be paid in sterling to my bank in thailand . originally that was bangkok bank but i found that they would hold the money for 2/3 days before forwarding it to my local branch . i now use siam commercial .  sending sterling is better than sending baht - the exchange rate can vary enormously - currently barclays is showing 47 to the pound against 52 here.
I have sex Daily - oops! - I mean Dyslexia
Back to Top
Hutan1 View Drop Down
Regular Contributor
Regular Contributor
Avatar

Joined: 21 Mar 06
Location: Thailand
Status: Offline
Points: 60
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hutan1 Quote  Post ReplyReply Direct Link To This Post Posted: 13 Feb 10 at 14:45
I also contacted the Bangkok Bank branch in London as I was thinking of having my UK occupational pension paid there and then having it transferred to the Bkk branch in Prachasamasorn Road in KK. The reply to my email was that, indeed, this could be done. I then enquired about the pound/baht exchange rate and was quoted a rate that was about 7% more unfavourable than the one published by Bkk bank here in Thailand!
So my advice is 'Don't go down this route'.
There is an 'Onshore rate' for currency exchange, quoted by Thai banks in Thailand, and an 'Offshore rate' for currency exchange, quoted by UK-based banks (including Bkk Bank in London!) that is far more unfavourable to us wishing to transfer money over here.   
Your bank in UK probably charges 20 quid for each transfer; IMHO you are far better off having them wire the money over in pounds and then let the Thai bank change the funds into baht.
Hutan
Back to Top
billp View Drop Down
Senior Member
Senior Member
Avatar

Joined: 11 Jun 08
Location: Klaeng
Status: Offline
Points: 860
Post Options Post Options   Thanks (0) Thanks(0)   Quote billp Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 10 at 10:50
Originally posted by Hutan1 Hutan1 wrote:

I also contacted the Bangkok Bank branch in London as I was thinking of having my UK occupational pension paid there and then having it transferred to the Bkk branch in Prachasamasorn Road in KK. The reply to my email was that, indeed, this could be done. I then enquired about the pound/baht exchange rate and was quoted a rate that was about 7% more unfavourable than the one published by Bkk bank here in Thailand!
So my advice is 'Don't go down this route'.
There is an 'Onshore rate' for currency exchange, quoted by Thai banks in Thailand, and an 'Offshore rate' for currency exchange, quoted by UK-based banks (including Bkk Bank in London!) that is far more unfavourable to us wishing to transfer money over here.   
Your bank in UK probably charges 20 quid for each transfer; IMHO you are far better off having them wire the money over in pounds and then let the Thai bank change the funds into baht.
Hutan
 
 
Hutan
You are correct but with this arrangement I have peace of mind .  If the ER didn't fluctuate too much I would have the payments made quarterly or half-yearly.
I have sex Daily - oops! - I mean Dyslexia
Back to Top
bigneilo View Drop Down
Newer Member
Newer Member


Joined: 06 Jan 10
Status: Offline
Points: 13
Post Options Post Options   Thanks (0) Thanks(0)   Quote bigneilo Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 10 at 13:15
  hi,  i use halifax to transfer to my siam commercial account,  £9.50 a go,  up to i think £16000,  you get a slightly less exchange rate than using your atm card  .5% less and siam charge 450 baht to receive it.
Back to Top
topspinholty View Drop Down
Senior Member
Senior Member
Avatar

Joined: 02 Jun 04
Location: Thailand
Status: Offline
Points: 1468
Post Options Post Options   Thanks (0) Thanks(0)   Quote topspinholty Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 10 at 15:38
Bigneilo....It does'nt matter how much you transfer using Halifax online....GPD 9.50 whatever amount.
If you have to tell the world how good you are,you're probably not that good!!!!
Back to Top
richard47 View Drop Down
Newer Member
Newer Member
Avatar

Joined: 25 Feb 08
Location: Khon Kaen
Status: Offline
Points: 23
Post Options Post Options   Thanks (0) Thanks(0)   Quote richard47 Quote  Post ReplyReply Direct Link To This Post Posted: 16 Feb 10 at 19:02
Many thanks to everyone for your advice and comments, much appreciated.
 
It seems that Halifax is first in the running, rapidly followed by Lloyd's TSB.
 
Just one further question regarding these Banks. I will be in England to switch my current account, but is there any problem when I tell them that I will be moving out here permanently later on this year?
 
Cheers
Richard
Back to Top
 Post Reply Post Reply Page  12>
  Share Topic   

Forum Jump Forum Permissions View Drop Down


If you need more information regarding Khon Kaen, Thailand, it is recommended you post questions via the KhonKaen.com Discussion Forum by clicking here.   If you would like to contact the webmaster of KhonKaen.com, please do so via our online contact form by clicking here.

Copyright ©1996-2014 KhonKaen.com
No part of this website may be copied or used on any other website without written permission from KhonKaen.com.
All rights reserved