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Thread: Transferring cash from UK (GBP) to Thailand ....Thinking of using XE.com

  1. #1
    Member SLeesy's Avatar
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    Transferring cash from UK (GBP) to Thailand ....Thinking of using XE.com

    Always sent direct from my UK Bank Account. transferred in GBP and converted locally to THB. Easy, just one quick phone call.

    Thinking of using XE.com

    Just been quoted 53.33 by FirstDirect and 54.33 by XE.com

    So guess I'll try and use XE.com Thoughts anyone ?

    Although proof of UK address might be tricky ....

  2. #2
    Senior Member NeedHoliday's Avatar
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    Not used them specifically, but have used Foreign Exchange | Currency Exchange & Money Transfers | UKForex before to do similar foreign exchanges. Not sure how much XE.com charge, but for small amount UKForex was about 7 per transfer, or free if it was over a certain amount. They show 54.24 for THB.

    I think a lot of them will require proof of one thing or another due to money laundering laws.

  3. #3
    Member SLeesy's Avatar
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    Whoops XE.com spotted my Thai IP address so emailed my lots of questions like What u doing in Thailand
    TIP : Use Chrome Zenmate to set UK IP address !

  4. #4
    Member SLeesy's Avatar
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    Thats a good rate, Western Union is showing me 53.45 GBP to THB right now
    Sending moderate amount over so not too bothered about transfer fee....



    Quote Originally Posted by NeedHoliday View Post
    Not used them specifically, but have used Foreign Exchange | Currency Exchange & Money Transfers | UKForex before to do similar foreign exchanges. Not sure how much XE.com charge, but for small amount UKForex was about 7 per transfer, or free if it was over a certain amount. They show 54.24 for THB.

    I think a lot of them will require proof of one thing or another due to money laundering laws.

  5. #5
    Member SLeesy's Avatar
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    I see UKForex state 4 days for transfer to Thailand
    First Direct state the same but it always arrive next day !

    How long have yours taken ?

    Cheers
    Minister


    Quote Originally Posted by NeedHoliday View Post
    Not used them specifically, but have used Foreign Exchange | Currency Exchange & Money Transfers | UKForex before to do similar foreign exchanges. Not sure how much XE.com charge, but for small amount UKForex was about 7 per transfer, or free if it was over a certain amount. They show 54.24 for THB.

    I think a lot of them will require proof of one thing or another due to money laundering laws.

  6. #6
    Senior Member NeedHoliday's Avatar
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    Quote Originally Posted by SLeesy View Post
    I see UKForex state 4 days for transfer to Thailand
    First Direct state the same but it always arrive next day !

    How long have yours taken ?
    It was a couple of years ago so may be different now, but was about 4 days.

  7. #7
    Member SLeesy's Avatar
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    Did a small UKForex transfer yesterday, will post when it arrives ....

  8. #8
    Senior Member marc26's Avatar
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    Quote Originally Posted by SLeesy View Post
    Did a small UKForex transfer yesterday, will post when it arrives ....
    my bank, RBC, was great
    i did it online and would hit Thailand most times the next day
    but they just changed the intermidiary so now all transfers go CAD-USD-THB which screws us

  9. #9
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    Quote Originally Posted by SLeesy View Post
    Did a small UKForex transfer yesterday, will post when it arrives ....
    Yes would be interested to know how quick it comes through and what rate you got as it does look like it would save money...

    On 5k for example

    BKK Bank - 53.54 x 5000 = 267700 THB

    UKForex - 54.24 x 5000 = 271200 THB

    Thats an extra 3500 THB ! rather in my pocket rather than Barclays anyway....plus i pay the fcukers 25 for the privilege each time i transfer as well !

  10. #10
    Super Moderator LivinLOS's Avatar
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    My barclays is usually same day or next day.. I get whatever the kasikorns TT rate is which isnt bad but probably not superb.

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    Yes my Barclays now I do online rather than fcuking about calling them which is convenient and very quick, same day or next day.

    Still a little saving on TT rate (not sure on Kasikorn)

    BKK Bank - 53.54 x 5000 = 269900 THB

    UKForex - 54.24 x 5000 = 271200 THB

    Still a saving of 1500 THB and the transfer is free.

    Do barclays not charge more for TT rate transfer than the standard 25 form normal transfer ?

  12. #12
    Senior Member WarProfiteer's Avatar
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    My bank is such a pain in the ass that the calls to make those transfers were 45 minutes at least, many times over an hour. I just dont have that kind of time or patience, so these days I just use Western Union. If I'm sending under $1K, the fees arent actually terribly different... not when sending from Iraq (poor country = lowered fees, I guess).

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    Quote Originally Posted by WarProfiteer View Post
    My bank is such a pain in the ass that the calls to make those transfers were 45 minutes at least, many times over an hour. I just dont have that kind of time or patience, so these days I just use Western Union. If I'm sending under $1K, the fees arent actually terribly different... not when sending from Iraq (poor country = lowered fees, I guess).
    Might be worth checking if you have internet banking whether you can do international transfers online via your bank.

    Up until recently had the same problem with Barclays, but now they have changed their system so customers can do themselves in seconds rather than all the time wasting that goes with call centres etc!

  14. #14
    Senior Member WarProfiteer's Avatar
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    No, ya cant do intl transfers online w/ my bank. So these days W.U. gets my business as I can stop in and send money while out to lunch... it's there in an hour, not 5 businesses days, only costs me about $10 more, and I dont have to go through an hour of phone maze and waiting and 20 questions proving my identity, blah-blah-blah...

  15. #15
    Senior Member marc26's Avatar
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    Quote Originally Posted by WarProfiteer View Post
    No, ya cant do intl transfers online w/ my bank. So these days W.U. gets my business as I can stop in and send money while out to lunch... it's there in an hour, not 5 businesses days, only costs me about $10 more, and I dont have to go through an hour of phone maze and waiting and 20 questions proving my identity, blah-blah-blah...
    that is bizarre your bank doesn't have online transfers
    the rate at WU is horrendous
    if you are sending monthly, u might want to look at banks you can do it online

    i went from paying close 30cad for a WU transfer and the worse rates
    to sending CAD and getting great rates at the Thai bank and paying 13cad

  16. #16
    Senior Member WarProfiteer's Avatar
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    It has them, just not internationally.

  17. #17
    Senior Member marc26's Avatar
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    Quote Originally Posted by WarProfiteer View Post
    It has them, just not internationally.
    not questioning ya, but maybe double check
    i only say that because RBC sucks donkey dick and if they have Intl transfers online.....than every bank must

  18. #18
    Senior Member WarProfiteer's Avatar
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    Nope, not unless they have an ABA routing number. Just checked.

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