Pension transfers

[expattaffy]

Whats the cheapest way to get your pensions transferred to THailand

[sunsetter]

put it straight in my bank, and ill give you a daily allowance

[Thetyim]

From where?
Private or state pension?

[david44]

Banks possibly both ends will cahrge a fee typically $30-40 per transaction.
There is also the question of the actual rate offeed by the receiving bank.
If your sending bank is Correspondent it may help.
Krung Thai and Thanachart are consistently better rates for me see with SCB worst.
Bank foreign currency exchange rates - Compare currency exchange rates across banks

Obviously there is personal issue of whether you are gtting 5.9% I get in Oz and virtually zero here

Finally if accessing using ATMs only AEON and Citibank dont charge me 150 baht a pop .
It all adds up do your homework.
Rather than send a regular weekly/monthly quarterly sum track the rate here
pnanda.com
XE - The World's Favorite Currency and Foreign Exchange Site
so as to send at optimum time
Good luck the banksters will get their cut someway but avoid Moneygram/AMEX or W UNION with huge commisions

[ltnt]

Good info and data David 44. thanks.

[david44]

Cheers excuse the typo its this Thai keys
onanda.com is a rate comparison like xe.com

[thehighlander959]

Just as a matter of interest. Do all Thai banks charge 150bht for withdrawals or are there banks which do not???

[Orroz]

Just as a matter of interest. Do all Thai banks charge 150bht for withdrawals or are there banks which do not???

Finally if accessing using ATMs only AEON and Citibank dont charge me 150 baht a pop .

Actually in fairness you did ask if all 'Thai banks" do this and the banks above are not Thai.

[LukDod]

Whats the cheapest way to get your pensions transferred to THailand

IF you are an American, then open an acc't with Bangkok Bank.
At the bank, with your PPort & bank book, ask then to set up the retirement payments to be sent via the New York branch of BKK bank.
The New York branch sends your retirement payments the day they are received, to your BKK bank in Thailand. They are sent without _any_ transfer/SWIFT fee; the normal 4/10th's of 1 percent exchange rate is deducted from each dollar.
Not having any transfer fee means you end up getting more Baht for each dollar than if you transferred funds and had to pay a SWIFT/Wire fee!

[Phuketrichard]

Whats the cheapest way to get your pensions transferred to THailand

IF you are an American, then open an acc't with Bangkok Bank.
At the bank, with your PPort & bank book, ask then to set up the retirement payments to be sent via the New York branch of BKK bank.
The New York branch sends your retirement payments the day they are received, to your BKK bank in Thailand. They are sent without _any_ transfer/SWIFT fee; the normal 4/10th's of 1 percent exchange rate is deducted from each dollar.
Not having any transfer fee means you end up getting more Baht for each dollar than if you transferred funds and had to pay a SWIFT/Wire fee!

Its called a direct deposit account and ONLY Bangkok Bank will do this for Americans SS payments

[jamiejambos]

My pension -provider directly deposits my pension into my Thai [ Kasikorn Bank ] account on the same day of each month for a fee of £ 2.50 approx 120 baht. BARGAIN. All the way from Great Britain