Jun wrote:gera wrote:DBS Singapore has now free same day transfers to any bank in Thailand. Exchange rates are OK but not great.
The only rational & complete way to compare forex transactions is to consider the TOTAL costs for any transaction, including ALL fees and ALL costs due to poor exchange rates.
The total cost of transaction is approximately 1.5% of original sum due to two exchanges: US Dollar-Singapore Dollar and Singapore Dollar to Thai baht.
No other charges from any of the banks involved (including Kasikorn Bank as a final destination). By the way, I never claimed that overall transaction is free. I said in original post that the cost of overall transaction is en par with the standard transaction through BKK bank.