ACH transfers from USA to Bangkok Bank -Alert!

Anything and everything about Thailand
User avatar
2lz2p
Posts: 539
Joined: Sun Aug 01, 2010 8:08 am
Location: Pattaya, Thailand (Jomtien)
Liked: 78 times
Been liked: 51 times

#101 Re: ACH transfers from USA to Bangkok Bank -Alert!

Postby 2lz2p » Mon Nov 05, 2018 12:06 pm

2lz2p wrote:
Up2u wrote:As of early Monday morning I still have not received my money via TW which was initiated on October 31.

All 3 of my transfers arrived between 2:05pm and 2:10Pm

My ACH transfer sent on Thursday just before my TW transfer just arrived at Bangkok Bank (32.73 exchange rate - 285 baht conversion fee).

As previously mentioned, my TW arrived on Friday (33.025 exchange rate - when TW accepts the transfer, they show the exchange rate to be used for that transfer, do the conversion at that rate, and wire that amount in baht - Bangkok Bank deposited and charged no conversion fee since it was in baht).

puan
Posts: 205
Joined: Sat Jul 31, 2010 11:56 pm
Liked: 30 times
Been liked: 18 times

#102 Re: ACH transfers from USA to Bangkok Bank -Alert!

Postby puan » Mon Nov 05, 2018 12:32 pm

Gaybutton wrote:I thank 2lz2p for telling us about the existence of Transferwise.

Yes....I would like to "second" GB 's thanks.

Up2u
Posts: 1272
Joined: Sun Aug 01, 2010 12:06 am
Liked: 240 times
Been liked: 78 times

#103 Re: ACH transfers from USA to Bangkok Bank -Alert!

Postby Up2u » Mon Nov 05, 2018 2:43 pm

The transfer I initiated on Oct 31, posted to my BB account at 2:20 this afternoon. $2100 = 69137 THB exchange rate was 33.28, I see no charge (yet) from BB.

For reference, on October 31, the TW rate was 33.28, ATM was 33.18, and BB T/T rate was 33.0. Today the BB T/T is 32.82 if the BB had received the money via NYC ACH.

User avatar
Jun
Posts: 1834
Joined: Sun Aug 01, 2010 10:20 pm
Liked: 132 times
Been liked: 96 times

#104 Re: ACH transfers from USA to Bangkok Bank -Alert!

Postby Jun » Tue Nov 06, 2018 1:39 am

Gaybutton wrote:I thank 2lz2p for telling us about the existence of Transferwise.

Also, thank you to Christian PFC for telling us about it here in 2014 and 2015. Plus other boards since then.

Despite this, I also somehow missed it and didn't use the service until August 2017. Mind you, there have been worse cases of slow adoption. I believe it was about 200 years from the first trial where they showed lemons prevented scurvy & cut the death rate to zero and the British Navy actually acting on it. Even I am not that inept.

Incidentally, if you are planning to use the transfer service for the first time, they still have a referral scheme.
(i) Existing used sends you a link & you get 1 free transfer
(ii) The existing user gets £50 after 3 people transfer £200.

PM one of the existing users.

User avatar
Gaybutton
Site Admin
Posts: 14961
Joined: Sat Jul 31, 2010 11:21 am
Location: Thailand
Liked: 1 time
Been liked: 580 times

#105 Re: ACH transfers from USA to Bangkok Bank -Alert!

Postby Gaybutton » Tue Nov 06, 2018 10:08 am

Jun wrote:Also, thank you to Christian PFC for telling us about it here in 2014 and 2015.

Then I'll add my thanks too. I don't remember that, but I probably didn't pay attention because at the time I had no need for it and thought I never would.

It's reassuring to know that Transferwise has already reliably been providing this service for years.


Return to “Thailand”

Who is online

Users browsing this forum: Captain Swing, ChrisUK, Google [Bot] and 65 guests