Bangkok Bank

[Jetlag 0]

Am i correct in saying that the Bangkok bank will not allow someone to transfer money from Thailand to an overseas account?

 

As i understand it, you can fill in a form and submit it to your local branch to set up an international transfer, but only if you are employed here.

 

If this is the case, are all Thai Banks like this?

[joekicker 53]

Am i correct in saying that the Bangkok bank will not allow someone to transfer money from Thailand to an overseas account?

 

Nope. You can walk in and send it off, no problems. I do it often.

 

HOWEVER. You have to live in Thailand - generally speaking. There are lots of exceptions.

 

Your best bet, if you only are visiting, is Western Union or something of that sort. Banks are tedious, take lots of paper and so on. That's because it's not actually the bank that's doing it, but the Bank of Thailand (central bank) and you are technically (behind the scenes) changing money.

 

All Thai banks go through the same rigamarole. However, every bank branch is different, and in Thailand everything is negotiable. One bank might send money for you, another will grumble, the third will refuse, etc, etc.

 

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[Jetlag 0]

Thanks for the reply Joekicker.

 

I did not make it clear in my original post but i was actually wondering about internet banking. It seems that i can transfer to Thai accounts easy enough but there are some hoops to jump through if i want to send money overseas via i-banking.

Edited September 30, 2011 by Jetlag

[joekicker 53]

I did not make it clear in my original post but i was actually wondering about internet banking. It seems that i can transfer to Thai accounts easy enough but there are some hoops to jump through if i want to send money overseas via i-banking.

 

Yeah, via Internet is even harder than in-person. The Bank of Thailand resides in about 1937 - loads of paperwork, carbons and so on. I think some of their junior clerks have heard of the Internet. Seriously, Bank of Thailand is very conservative and likes to keep track of baht-to-foreign transfers in some detail. It's not that you can't do it, but it can be very ponderous.

 

A lot of people agree that the best Internet banking is Kasikorn (Thai Farmers). I don't have much info on their Thailand-to-abroad, though. I THINK you'd have to make arrangements with the bank (in person) to be able to do Internet transfers outbound, and even then they might be limited. Sorry I don't have more info, but I always let the bank do the paperwork on outbound stuff and they wire it for me.

 

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