Quote:
Originally Posted by dizbuster
Well, the charges for £200 to be added to the card are £3 (the minimum) and if you think about it, the cost of withdrawal is not paid by the TG, but by the person who actually owns the card i.e. you. Again this not high, typically 20,000baht incurs a cost of £2.00
Let's do some calculations...
You want to send 20,000baht to TG, so you load up £300 onto POTM card and it costs £4.50 commission. TG goes to ATM and takes out 20,000baht in one go to deposit into her back account. With an ATM withdrawal charge of £2.00 this means that sending 20,000baht has cost just £5.50 in charges.
Tell me else you can send money to your TG in LOS for such a small charge ??
I know that it is much more expensive than that by using a bank, typically £20 just for a bank transfer and then you've got agents charges on top of that. Western Union charges around £27 for a similar amount, so there really is no comparison is there ??
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Ok same calculation for 20000
upload from UK bank into Moneybookers ------------ 0,00
transfer money to other account 1% ----------- 200,00
withdraw money from acount into thai bank ------- 84.00 (flatfee €1.80)
handling costs Thai Bank-------------------------- ???,?? (will add that later)
with 5.50 in cost you come around a bit cheaper but then you forget the 10 pound initial fee (say devided by 10 transfers to your card ) so your costs will be 6.5 times 70 baht = 450 baht
So cheaper all depends on the costs for the thai bank ( i will know that on wednesday.
But the advantage of having the money in her bank is that she can withdraw small amounts when she needs to. (and you know thai woman and larger sums of money haha)
I agree with you that the postbank card is a good alternative (I believe there are some more similar) but i like the fact that when she looses her atm card she can just go to the bank and get a new one and that she never has to withdraw big sums at a time. just what she needs
I think the two ways will be rather similar when it comes to costs