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Saving whilst abroad
paulcorfe
Posts: 5 Forumite
Hi
My sister is living in Thailand and wants to start saving, ideally with a UK based bank (and one where you cant withdraw- she cant trust herself!!) but she pays each time she sends money to the UK (about £10) does anyone have any tips on where to go to avoid paying or any well suited Thai or international banks
many thanks
Paul
My sister is living in Thailand and wants to start saving, ideally with a UK based bank (and one where you cant withdraw- she cant trust herself!!) but she pays each time she sends money to the UK (about £10) does anyone have any tips on where to go to avoid paying or any well suited Thai or international banks
many thanks
Paul
0
Comments
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Try a bank that operates in both countries - eg if she had a UK account with HSBC and paid in the cash in Thailand in a HSBC bank, there may (note may - she'll need to check!) be no charge. Almost certainly still be costs for converting Thai Baht to stirling though.0
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Try a bank that operates in both countries...
Can you name one? I thought not!
For ten quid a month it's not worth the hassle. Don't bother.
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stogiebear wrote: »Try a bank that operates in both countries...
Can you name one? I thought not!
For ten quid a month it's not worth the hassle. Don't bother.
Have to agree with the above.
For £10 a month why bother?In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0 -
stogiebear wrote: »Try a bank that operates in both countries...
Can you name one? I thought not!
For ten quid a month it's not worth the hassle. Don't bother.
Yes I can...and I did!
Whether it's worth the hassle is up to the OP. They posed the Q and I answered it!0 -
She could try looking here, or post her question, it's a free to register forum.
http://www.thaivisa.com/forum/Jobs-economy-banking-business-i-f13.html
Personally if I were her, and living in Thailand, I'd save in a Thai Baht account.
As a previous poster pointed out, in case it is the bank stability rather than the currency she is worried about then HSBC have a presence in Bangkok.
http://www.hsbc.co.th/1/2/home-en?changelanguage.language=en&changelanguage.country=US&chglang.x=enHope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Standard Chartered operate in both countries
“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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