Moving Money from Thailand Banks to U.K.

Millcx

Because of Covid I am back in U.K. and now need to get money to live ... I have a bank in Thailand ... How much can I get to U.K. and what is best way to do it?

Sandtree

Millcx said:

Because of Covid I am back in U.K. and now need to get money to live ... I have a bank in Thailand ... How much can I get to U.K. and what is best way to do it?

You can get all of it to the UK, over a certain values you may trigger AML protocols and so will be asked to evidence how you got the money in Thailand in the first place.

Best way to do it? Firstly ask your Thai bank their prices etc and then compare to the likes of TransferWise that often are cheaper (and quicker)

tacpot12

Your UK bank account will have an International Bank Number (IBAN), so your Thai bank can make a payment directly to your account, but the question is how much will they charge for this service.  

HereToday

Millcx said:

Because of Covid I am back in U.K. and now need to get money to live ... I have a bank in Thailand ... How much can I get to U.K. and what is best way to do it?

https://www.deemoney.com Though usually need to be there to set up an account. They might have a solution.

fifeken

Sandtree said:

Millcx said:

Because of Covid I am back in U.K. and now need to get money to live ... I have a bank in Thailand ... How much can I get to U.K. and what is best way to do it?

You can get all of it to the UK, over a certain values you may trigger AML protocols and so will be asked to evidence how you got the money in Thailand in the first place.

Best way to do it? Firstly ask your Thai bank their prices etc and then compare to the likes of TransferWise that often are cheaper (and quicker)

(Transfer)Wise can not send money out of Thailand.  Dee Money or direct from the OPs bank are the most often used IME and Dee money may now be able to set up an account without the OP's physical presence (I think I read recently).

You could also withdraw at an ATM if you have a card, but charges will probably make this a poor option.