Quote:
Originally Posted by LivinLOS
Simple.. Dont send THB (which is changed at that awful offshore rate) send USD and have the Thai bank change to THB at the onshore rate (34 / 35)..
This is exactly the same as my bank.. If I send to thailand they offer to change it (they make the spread) but insist on sending EUR and the Thai banks change at good rates.
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Livin, I did ask my bank to send USD to Thailand... it didn't work.. My bank gave to CitiBank-US, who in turn gave to Citibank-Thailand, who then in turn gave to Siam Commercial Bank. Well, lot's of calls from the front end and the back end got me nowhere. Not to mention the time zone differences...
That's why I stated that it is important to cut out the transfer agent (middleman), if possible. Luckily, for me it was not that much cash... but, $25,000 on a rate differential (80,000 baht) is enough to go back home and then some. Why give to the transfer agent IMO? Maybe your circumstances are different, but these were mine...