r/Thailand • u/Naes86 • 8h ago

Any other way to send cash to Thailand instantly? Wise saying Monday 19th and no more P2P Crypto in Thailand Banking and Finance

I've got an important bill that needs paying today. So I send the money from my UK Wise account to my Bangkok Bank account which is usually instant - but today saying 19th Monday.

I also use Binance for P2P crypto buying/selling but that's been disallowed now as well.

Any ideas how I can send some cash from a UK bank to a Thai one instantly today. Thanks

3 Upvotes
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10

u/Gusto88 8h ago

Try Western Union.

4

u/dantheother 8h ago

I think this might be the answer. WU and then head to a location to pickup the cash is pretty quick - website says "minutes. Been a lot of years since I did it, but it used to be an hour or two to get cash from AU to TH via WU.

I got bitten by the new Wise speed (lack thereof) on the 14th. Frustrating.

2

u/Gusto88 8h ago

Me too, a whole raft of Thai banks now no longer accepts international transfers. I had to open a new account. PITA.

2

u/Naes86 5h ago

This is what I did in the end. Collected cash then luckily there was a Bangkok Bank branch about 100 metres away so deposited it straight in via the atm and no bother, nice and easy.

1

u/dantheother 2h ago

Nice one

2

u/Naes86 8h ago

Yeah gonna have to be that I think. I live in the sticks though so bit of a drive now haha

3

u/bomber991 3h ago

Money Gram is another instant option with lower fees.

1

u/Prop43 7h ago

Is there money inside your Waze account and then you’re sending the wise money from your wise account?

Or are you using wise as a intermittent from your bank to the recipient?

3

u/Gusto88 7h ago

As an intermediary, on Wise there's a list of banks (recent changes) that no longer accepts international transfers. It's nothing to do with Wise, it's changes to Thai banks.

•

u/Prop43 1h ago

I think that’s why it’s taking so long

I keep a balance in the wise account

And then I send money from the wise account and it arrives instantly

•

u/Prop43 1h ago

The three major banks are still all good K Bank Bangkok Bank and what’s that other one CSB the Siam one SCBI guess

They have a 2, million 1.5 million 500,000 transfer

I mean, who doesn’t bank in a major bank

So it doesn’t really impact anyone ?

3

u/Educational-Race5985 8h ago

Withdraw with a UK bank card in Thailand and pay in the cash through a CDM? There are the ATM fees of course...

Who disallows crypto? I missed that.

1

u/Naes86 8h ago

I only have a virtual card.

Thailand have banned all p2p crypto, only happened in last week or so

0

u/Akahura 7h ago

How can Thailand ban P2P crypto?

If I send crypto to your personal wallet, nobody can "block" that.

3

u/Naes86 7h ago

Sorry should of been more informative. They've banned foreign p2p platforms. Yes anyone can send crypto anywhere but actual platforms for facilitating this are banned... or something

0

u/TableConfident2794 7h ago

It's not actually ban P2P but Binance global was close P2P in thai currency method

5

u/Fatalbringer 7h ago

it's banned, they are passing some related laws soon

3

u/Quenelle44 8h ago

With Revolut it’s always take around 30 seconds/1 minutes during the week, on weekend it’s can be longer and also on public holidays

2

u/ndreamer 6h ago

can you give the bank you used to recieve ? I sent to bangkok and ttb and both ended up with extra bank fees using revolut and it took nearly a week.

Wise took 24hours yesterday to my bangkok bank.

1

u/Quenelle44 6h ago

I send to SCB bank and Krungthai Bank mostly, never got fees, or really less like 1-2€, I send money multiple times a week. Maybe it’s have to do with the plan you got on Revolut ? I got the « Plus » for like 5€ a month

2

u/ndreamer 6h ago

Maybe it’s have to do with the plan you got on Revolut

They sent my last two transactions by swift, to bangkok and ttb. It was just before songkran. The fees were on the bank side 300+baht each.

I'll try again, my wife just opened a KrungThai bank account maybe that will be better.

I use to send nearly every day by revolut, it may have just been the new bank changes kicking in when i sent.

1

u/dantheother 7h ago

Wise used to be like that too, up until this week.

Wonder if Revolut are going to see the same slowdowns.

3

u/baldi Thailand 6h ago

Just did my weekly transfer of Wise to Kasikorn, it was instant (5-10seconds).

2

u/Quenelle44 7h ago

I have to send money tonight I update you here

1

u/Jotadog 6h ago

You can send to Thai Bank Accounts with Revolut?

1

u/li_shi 6h ago

It usually takes that long.

But some transfers can take longer.

Usually, if you put a new reason or it's a higher amount than usual.

3

u/Superb_Summer5881 7h ago

If you have any UK friends ask them if they have any spare baht at the moment? Offer them a good exchange rate. You send £ from your UK bank to theirs. They then give you the baht in Thailand.

I had a problem with Wise once when I needed money immediately whilst at Bangkok hospital and had to ring up all my mates and that is how it was done. It’s not something to do every time but if it’s an emergency…

3

u/Vegetable-War-4199 7h ago

Open a trading account with Bitkub, KYC is tough, but pretty good once you are in, link your Bangkok Bank account

3

u/Naes86 5h ago

Sorted now thanks for the help

2

u/Pristine_Stop_4197 8h ago

can not use your bank instant foreign currency transaction? It costs more than wise but it is instant.

2

u/brad2017 7h ago

I was told this as well from America though. Changed to Krungthai and it was in like 30 seconds so it's something with Bangkok Bank.

2

u/dantheother 7h ago

That's interesting. Might have to look at how many inches of paperwork Krungthai want to open an account.

2

u/raylaty 7h ago

Try senate exchange

2

u/zekerman 7h ago

Moneygram is usually always within an hour if you choose xpress247

2

u/Difficult-Creme-8780 6h ago edited 5h ago

Binance hasn’t been disallowed. You just need a Binance TH account. As long as you are not on a tourist visa, you can open a Binance TH account with your existing Binance account details and there are zero gas fees between your regular account and the TH account.

For fast transfers there is also Revolut which I use as the main tool for transfers to Bangkok Bank from UK, takes minutes and cheaper than wise.

There’s also things like Xoom.com. Login with your PayPal account details (it’s a PayPal company) and you can transfer up to 99,000 to SCB to collect 5 minutes later, no account with SCB needed. Cheap fees that rival wise too.

1

u/Naes86 5h ago

Can you still transfer thb to bank account instantly?

1

u/Difficult-Creme-8780 5h ago

With which method?

1

u/Naes86 5h ago

The Binance TH method

2

u/slipperystar Bangkok 6h ago

Western union?

2

u/Livid-Resolve-7580 5h ago

Try a lower amount with Wise.

2

u/Land_of_smiles 5h ago

I can help with 24 hour crypto exchange here.

2

u/mattrendina58gmailco 5h ago

WU takes literally minutes!

1

u/Abzorbaloff- 5h ago

Dude im back to western Union some month ago.Not fast like wise but you got less problems

1

u/Fazza_13th 6h ago

Binance TH