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Originally Posted by Rex7777
I follow these types of threads so that when I move there next fall I'll know what's going on with the banking system there. Anyway, on another forum, I think, there was a thread from a guy that had figured out a cheap way to periodically transfer money to Thailand. He had an account with the Bangkok Bank in New York and the Bangkok Bank in Thailand. I think he also had a Bank of America bank account, where he kept his money. He could transfer over the internet from BofA to the Bangkok Bank, NY, and from there over the internet to the Bangkok Bank in Thailand. The entire transfer didn't cost much at all, compared to the cost of a wire transfer. Sounds like a lot of trouble, though.
Rex
Rex
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Mmmm.... I wonder why he didn't just transfer money from BofA New York to BofA Bangkok ?? Much simpler and I would have thought more preferable to the bank, as they hate losing customer's money to other banks. Perhaps what he meant was that he did what I just mentioned and to do that his bank moved the money using Bangkok Bank NY and BKK to do it ?