Buriram Expats
Buriram Province - General Category => Jobs, economy, banking, business, investment in Buriram => Topic started by: TBWG on July 22, 2010, 12:58:36 AM
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Hi Bums
There is still a lot of pontificating going on on another Thai forum over the Baht 150 charge for ATM withdrawals with overseas cards. character4 newargue
Well it would appear that withdrawals are still free from AEON ATM's due to the fact that this is a Japanese bank. Although they are none to numerous according to their website there is one in Buriram big C
http://www.aeonthailand.com/lang/en/menu/Service_Location/region/North%20East#soutput (http://www.aeonthailand.com/lang/en/menu/Service_Location/region/North%20East#soutput)
Anyone care to check it out and confirm no fee! clap
TBWG sawadi
PS:- My fee for providing this info 20baht per withdrawal ~~~ please leave behind bar a Paddy's confused4
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David
I have been using the one attached to BigC, Surin for months and confirm there is no 150b fee. A number of other surin farangs now use it too.
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Good to know if you are in Buriram or Surin...........I guess there is one in the Korat Big C too
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Hi Bums
Bad news for Nationwide Flex account holders confused4
Be prepared to be shafted again from November 1st >:(
See ..... http://www.guardian.co.uk/money/2010/jul/31/nationwide-flexaccount-charge-withdrawals (http://www.guardian.co.uk/money/2010/jul/31/nationwide-flexaccount-charge-withdrawals)
TBWG sawadi
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Hi Bums
Bad news for Nationwide Flex account holders confused4
Be prepared to be shafted again from November 1st >:(
See ..... http://www.guardian.co.uk/money/2010/jul/31/nationwide-flexaccount-charge-withdrawals (http://www.guardian.co.uk/money/2010/jul/31/nationwide-flexaccount-charge-withdrawals)
TBWG sawadi
It had to happen sometime!!Did you notice that the 'free' travel insurance only applies to Europe!!
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Hi Bums
Anyone out there used this service? ~~~ http://www.hifx.co.uk/ (http://www.hifx.co.uk/)
TBWG sawadi
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Bend over and prepare to be shafted yet again confused4
Consumers face higher overseas card charges
By Nigel Cassidy Business reporter
Nationwide card The hugely popular Nationwide debit card will soon come with charges
In a couple of months' time, the Nationwide building society is to withdraw its popular commission-free service, and charge a fee when its debit card is used abroad.
Most other current account debit cards now rack up charges each time we buy something or withdraw currency - up to £4 for every £100 spent.
And that is on top of the exchange costs and any additional fees.
The terms of the Nationwide Flexaccount are now being changed to reward loyal customers at the expense of those who have just opened an account to get the overseas benefits.
There will be some free travel insurance, but commission-free withdrawals abroad are to go.
The result is that many say they will ditch their Nationwide Flexaccounts, even though the building society insists that after the changes its fees will still be lower than those of most competitors.
"Many competitors charge a higher level of 2.75%," says the Nationwide.
"Our charge of 2% is the lowest charge in the market on a mass-market current account.
"That means when a customer spends £1,000 abroad, they will be charged at least £15 less than those with other providers," it adds.
For years the Nationwide debit card has been the card holidaymakers have been advised to use. Many people got a card purely for this purpose.
Currently anyone using the building society's debit card in Europe does not have to pay a charge, though they do pay a fee of 1% outside the eurozone.
From 1 November, Nationwide will levy a 2% charge on transactions.
That is a foreign exchange fee that you will pay whenever you use your card, whether you are buying something or taking money out of cash machine.
It will also also levy a £1 cash-withdrawal fee when the card is used overseas. This will replace the current 1% currency-conversion charge levied at present.
This does not apply to the society's credit card holders.
Nationwide is keeping its overseas usage charges at 1% on purchases made outside the EU, and free within the EU.
The UK Cards Association, which represents card issuers, says Britons have tripled their use of cards abroad in the last decade.
Last year, Britons spent about £12.5bn on debit cards outside the UK, and a slightly larger amount (£12.8bn) on credit cards.
Sandra Quinn of the association says it is simply a commercial decision by banks as to which charges they should absorb, and which they decide to pass on.
"If you use your debit card in an ATM overseas, that foreign cash machine owner is definitely charging your bank for the transaction," Sandra Quinn says.
"Now it may be that you are not paying your bank for the service, but they are definitely paying fees to somebody - they have to subsidise the use from some other part of their business."
Alternatives
Seasoned card-watchers like David Black, a banking specialist with analysts Defaqto, have spotted that there are a few cheaper debit card alternatives out there.
Fees for some cards abroad can be disproportionate to the cash involved, warns James Daley of Which?
"Metro Bank, which has just launched, doesn't charge any fees for overseas use of its debit card, but you have to visit a branch to open an account, and it is only based in London at the moment," says Mr Black.
"Beyond that, if you have a mortgage or investment with Santander, you can open a Zero current account which again doesn't levy any charges for use of its debit card overseas."
Some consumers travelling abroad for work or business may find credit cards or pre-loaded foreign currency cards may offer better value for making purchases abroad.
However, the Consumer Magazine Which? has detected a general trend towards both higher and hidden charges, which the banks are increasingly relying on as a source of revenue.
James Daley, editor of Money Which?, says that such fees have gradually crept up in the past 10 or 15 years and are now being used to bolster bank profits
"What's difficult for consumers is that the fees are not visible on statements," warns Mr Daley.
"There is an initial fee which may be worked into the exchange rate, then transaction fees which do appear on your statement, but you can be paying £20 or £30 more for a short trip abroad, just to get hold of your money.
"These fees just often aren't proportional," he says.
With consumer pressure on the banks at home, they may collectively feel that its easier to levy higher charges abroad.
It remains to be seen if large numbers of savvy customers cotton on, and choose to move to providers offering a better deal to overseas travelers who want cheaper access to their own money.
TBWG sawadi
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It remains to be seen if large numbers of savvy customers cotton on, and choose to move to providers offering a better deal to overseas travelers who want cheaper access to their own money.
TBWG sawadi
The solution is having a Paypal account linked to both your UK and Thai Bank(K Bank) then any amount is free
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Hi DDt
Right I have a paypal account linked to my Flex account , are you saying I can add a second account to the paypal account?
Do use this method?
TBWG sawadi
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Hi DDt
Right I have a paypal account linked to my Flex account , are you saying I can add a second account to the paypal account?
Do you use this method?
TBWG sawadi
Right i have located how to add another bank on the paypal site but it only gives me an option to add a UK or US bank! Perhaps this is because I am in UK at present. Did you add Thai bank whilst you were in Thailand?
Any help info appreciated.
TBWG sawadi
PS Coffee Corner anything to add?
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Hi DDt
Right I have a paypal account linked to my Flex account , are you saying I can add a second account to the paypal account?
Do you use this method?
TBWG sawadi
Right i have located how to add another bank on the paypal site but it only gives me an option to add a UK or US bank! Perhaps this is because I am in UK at present. Did you add Thai bank whilst you were in Thailand?
Any help info appreciated.
TBWG sawadi
PS Coffee Corner anything to add?
K Bank is one of the few (maybe only) Thai Banks that issues a credit card that can be used for online purchases. Following advice given by another forum member on another forum, I am in the process of setting this up for myself. He has used it for years.
David
You now need a K account with said card, once held, you can set up a Paypal account linked to your Thai Bank account and transfer interbank via 2 paybal accounts.
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Hi Dave
I already have a Kasikorn account of many years and internet banking plus the Atm card that goes with it. However I do not have a credit card.
I also need to set up a paypal account whilst in Thailand so cannot progress from here.
I await the outcome of your attempts with interest!
TBWG sawadi
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I have a PAYPAL account linked to my HSBC account. I have only ever used it for EBAY transactions.
I had not considered using it for transactions to/in Thailand.
Dude - forgive my ignorance but what are the mechanics of transferring funds from UK via PAYPAL.
I use good old Halifax Reward account net £4.50 SWIFT charge after £5 credit each month.
I am going to have a try with Halifax Clarity card to see how that works.
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I have a PAYPAL account linked to my HSBC account. I have only ever used it for EBAY transactions.
I had not considered using it for transactions to/in Thailand.
Dude - forgive my ignorance but what are the mechanics of transferring funds from UK via PAYPAL.
I use good old Halifax Reward account net £4.50 SWIFT charge after £5 credit each month.
I am going to have a try with Halifax Clarity card to see how that works.
Ray
This is what I have been told and am in the process of arranging....
Open up a bank account at Kasikorn bank in Thailand
Then apply for a vitual visa shopping card with them. Yes, Kaisikorn is the only bank in Thailand that does this... Its a visa card you can use online for shopping that is linked to your account, all they do is issue you with all the card details, you just never get a real plastic card.
You still listening ??? then open up a Thai paypal account (use a different email address) and link it to your Kaisikorn account using your virtual card.
Bingo !!!
This guy has been using this method for over 3 years (sending funds to wife when off-shore) without charges and I believe him.
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ok, there is a catch... Paypal also have their own fees and exchange rates, not sure you actually saving this way. need to go over the numbers and fees. stop1
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ok, there is a catch... Paypal also have their own fees and exchange rates, not sure you actually saving this way. need to go over the numbers and fees. stop1
sending funds to wife when off-shore) without charges and I believe him.
Hopefully, I will be trying this method in a week or so and then I will know FIRST HAND about charges/rates.
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I agree with you Admin...I have a Paypal account also and I have read about transferring funds and to me it seems their fee's are high and not a real savings.
Some of you may want to look into this http://www.ukforex.co.uk/ (http://www.ukforex.co.uk/)
I'm just looking into forex.ca they seem to have a lot cheaper fee's than my own bank in Canada.
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I agree with you Admin...I have a Paypal account also and I have read about transferring funds and to me it seems their fee's are high and not a real savings.
Some of you may want to look into this http://www.ukforex.co.uk/ (http://www.ukforex.co.uk/)
I'm just looking into forex.ca they seem to have a lot cheaper fee's than my own bank in Canada.
This suggests its free for a private transaction... https://www.paypal.com/uk/cgi-bin/webscr?cmd=_home-general&nav=0 (https://www.paypal.com/uk/cgi-bin/webscr?cmd=_home-general&nav=0)
I suppose I will find out soon. elephant027
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I found this detailed report in ThaiVisa by a Yank....
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I wanted to get a Thai bank account as I plan on retiring here in 2 years and wanted a way to transfer funds from America to Thailand as prices are a lot less than Western Union. I figured PayPal (paypal.com) would be the transfer vehicle and thought I would be able to use my US PayPal account. I was partially correct. Here is what I did.
Step 1: Open Thai bank account. I chose Kasikorn bank after reading many favorable reviews online. Went with my teerak to the bank, took a number, and was seen in minutes. Explained, through teerak, that I wanted to open an account. The bank clerk asked if I lived or worked in Thailand, and my teerak explained that I did not, but visited 3 or 4 times per year. The clerk then asked if I had a Thai address, and teerak said I could use her mom's address.
Signed a couple of forms (all in Thai) and deposited 500 Baht. I also had to pay 300 baht for the ATM card. There were actually 2 fees, one for 100 Baht and the other for 200 Baht. My guess is one to create the card and one for the annual fee. I got the card on the spot along with a sealed document that included my PIN number. I can keep this number or change it at any ATM.
Passport was required (and copied) to verify who I was. So it boils down to an in-country address and a passport, along with a few baht to open an account.
Step 2: Try to add the Thai bank to my US PayPal account. No joy. I can only add US banks to my US PayPal account. I email PayPal and ask them what to do. In less than 24 hours, they say that I can open a 2nd PayPal account and designate Thailand as the country. I do this with no problem.
I then try to add my Kasikorn bank account to my Thai PayPal account. Still no joy. I try different variations – with the dashes, without the dashes– all to no avail.
I then call the Kasikorn Bangkok help desk, on a Saturday, and confirm what I read on the Kasikorn web site. I need to have online access (K-cyber account) and then I will be able to add the account (almost).
Step 3: Back to Kasikorn bank. I get the same clerk and explain that I want to get the K-cyber access. I sign another form in Thai that lists my name, account number, and my email address. I am told that I will get the log in info via email.
Step 4: Receive email within 24 hours for Kasikorn telling me that my K-cyber account is set up and they provide log in and password. On initial log in, both password and user name have to be changed. They also require a 2nd password for any transactions. This can either be done via SMS or I can create a second password. I choose a second password in case I am not in-country when I want to make a transaction.
Kasikorn web site - http://www.kasikornbank.com/portal/site/KBank/ (http://www.kasikornbank.com/portal/site/KBank/) - from the drop down select "K-Cyber Banking. A new window will open. Choose ENG for your language.
Step 5: In order to make online purchases or transactions there is another step. I have to create a K-web shopping virtual credit card. It is a simple application, requiring the 2nd password, and within 24 hours I have a virtual credit card. What this means is, I was emailed a 16-digit number (same as a Visa card), expiration date, and a CCV (the 3 digits on the back of the card). All of this is virtual. This is an additional security step that the bank uses.
Step 6: Back to the Thai PayPal account. I log in to my Thai account, add the virtual account info (which is linked to my Kasikorn account), and the card is accepted. WOO HOO! PayPal requires verification. They will deduct $1.95 from the account and the transaction will be listed as PAYPAL1234 or 1234PAPAL. The four digits will then have to be posted at the PayPal account to verify. In the US, they deposited a few cents and then you had to enter that info in your account to verify. Once verified, PayPal will reimburse the $1.95.
Step 7: Receive email confirmation that PayPal has deducted money from my account and the email has the 4 digits I need to confirm my account. Back to Thai PayPal and enter the 4 digits and all is good. Now I have an online account and can go shopping online, transfer money, etc.
Step 8: Time to test the transferring of funds from US PayPal to Thai PayPal. I send $100 (send money email to email) and receive immediate confirmation via email that the transaction has completed. I log in to my Thai PayPal online account and can see that the funds are available and I now have to accept or deny. I accept.
Step 9: I now want to transfer the $100 from PayPal to my Kasikorn bank. Problem. I don't have a bank account associated with the Thai PayPal account. The virtual info is already there, but not a real bank account. So, I click on "add a bank account". All is well until I select the drop down that lists all of the banks, and everything is in the Thai language.
I open a second window and go to the Kasikorn web site and compare the Thai script and find my bank in the drop down window (2nd bank listed). I select it and next is a confirmation page and Kasikorn Bank is now in English so I feel a little better that I have chosen the correct bank. I confirm the transfer and next window informs me that it will take 5-7 days for the transfer (a little longer than US PayPal which is 3 to 4 days).
Bank account must be entered without the dashes.
Not sure if the same has to be done at other Thai banks - but this is what it took at Kasikorn
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http://www.thaivisa.com/forum/topic/177299-how-to-open-a-paypal-account-in-thailand-100-works/ (http://www.thaivisa.com/forum/topic/177299-how-to-open-a-paypal-account-in-thailand-100-works/)
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Sounds great and easy enough....will have to open Thai paypal account when back in December...keeps us informed on your progress....thanks for the info....
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Sounds great and easy enough....will have to open Thai paypal account when back in December...keeps us informed on your progress....thanks for the info....
Will do!
One further snippet is now the "K-web shopping virtual credit card" can be ordered via an ATM.
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Dave's report is correct....I done exactly what the report said...I already had a Canadian paypal account linked to my bank account in Canada......then opened a paypal account in Thailand lnked to my Thai bank account (Kasikorn)....the transfer of funds was almost free...0.50 CDN was the charge from paypal Canada for paypal for the tranfer from my account.....then there was a 50 baht charge from paypal Thailand because I was transfering less than 5000 baht to my Thai bank account....I was just testing the sytem so only transfered $100.00 CDN......
Max I can transfer from Canada at 1 time is $10,000 CDN.....
It's much cheaper than Western Union and Bank transfer.....which your money is there within 24 to 48 hours....with the paypal transfer it takes 5 business days.....this is the way I will be tranfering money from now on.....
Thanks for the tip Dave.....
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Hi Bums
There is still a lot of pontificating going on on another Thai forum over the Baht 150 charge for ATM withdrawals with overseas cards. character4 newargue
Well it would appear that withdrawals are still free from AEON ATM's due to the fact that this is a Japanese bank. Although they are none to numerous according to their website there is one in Buriram big C
http://www.aeonthailand.com/lang/en/menu/Service_Location/region/North%20East#soutput (http://www.aeonthailand.com/lang/en/menu/Service_Location/region/North%20East#soutput)
Anyone care to check it out and confirm no fee! clap
TBWG sawadi
PS:- My fee for providing this info 20baht per withdrawal ~~~ please leave behind bar a Paddy's confused4
Thanks, appreciate the info, used it at Big C yesterday with no 150 baht charge.
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I haven't used the Aeon ATM in a while, but I have heard they are now charging the 150 Baht fee.
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I haven't used the Aeon ATM in a while, but I have heard they are now charging the 150 Baht fee.
Correct.
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If transfer take 5 days, anyone calculated on how much interest lost for saving thb 150? swordfight
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The paypal route seems a bit convoluted. If in America all you need to do is open an account at BKK then add the account as external account. BKK has one office in NY so it is done as local transfer, and the rate is as posted by the time the money gets to my account. You can get internet banking if married to Thai, or live/work in LOS. This has worked great for me so far. moneysmile
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The paypal route seems a bit convoluted. If in America all you need to do is open an account at BKK then add the account as external account. BKK has one office in NY so it is done as local transfer, and the rate is as posted by the time the money gets to my account. You can get internet banking if married to Thai, or live/work in LOS. This has worked great for me so far. moneysmile
I have tried the Bangkok Bank route and for some reason the money does not post. But after I email the BB NY branch the money magically appears.
And for full disclosure, there are also fees:
Transferred Amount Fee (USD)
Not more than USD 50.00 Free
USD 50.01 - 100.00 3.00
USD 100.01 - 2,000.00 5.00
USD 2,000.01 - 50,000.00 10.00
USD 50,000.01 or more 20.00
Link to BB NY: http://www.bangkokbank.com/bangkokbank/personalbanking/dailybanking/transferingfunds/transferringintothailand/receivingfundsfromusa/pages/receivingfundsfromusa.aspx (http://www.bangkokbank.com/bangkokbank/personalbanking/dailybanking/transferingfunds/transferringintothailand/receivingfundsfromusa/pages/receivingfundsfromusa.aspx)
BTW, understand this is also available in the UK through the BB London branch.
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Right now rate at BKK 1USD=31.94 bht, Super Rich 32.32. So if I am talking about either carrying 50,000 USD, then the difference would be 18,000 baht. That is a bunch of money, but is it worth the risk of carrying that kind of money? Urleft, would you carry it or transfer via BKK, or ??
Also, when I log onto BKK, I can not get the specifics of the transfer, such as amount in USD and conversion. They say the conversion is at the current daily rate, but it seems that they may be converting at about a half baht less than advertised rate. Anyone experience this?
Thanks in advance.
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Just some thoughts to ponder:
1. I you take $10K or more from the US, you need to declare you are traveling with it. Will put you on some US GVT Agencie's radar screen (e.g., IRS).
2. I have exchanged money at super rich, they were very picky about the $100 bills, meaning that if they weren't bascially new they didn't take them.
I am also very leary on carrying a large amount of cash. Security checkpoints which you will probably have to scan money through are only liable for a few thousand if money is stolen.
So I just use international wire transfer and live with the crappy rates as I consider the risk too great to carry. That being said, when I transferred money at the beginning of the year the Siam Commercial gave me a 32.87 conversion rate, which was about well above the posted rates.
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Thats precisely how I was thinking about it. BKK offers better deal than local transfer office in Thai Town, and clearly better than SWIFT through Chase bank. For me BKK seems to be best way. Thx Urleft.
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I have been very pleased using Schwab Bank; easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.
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I have been very pleased using Schwab Bank; easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.
Does Schwab rebate the fees Bangkok bank charges?
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I have been very pleased using Schwab Bank; easy to transfer funds via Bank of Bangkok (and no fees); also, there are never any ATM fees when using the Schwab ATM card anywhere.
Does Schwab rebate the fees Bangkok bank charges?
Yes; all fees are rebated.
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Thats precisely how I was thinking about it. BKK offers better deal than local transfer office in Thai Town, and clearly better than SWIFT through Chase bank. For me BKK seems to be best way. Thx Urleft.
Looks like you haven't learn't from being ripped off by the Thai family before..........is this the 3rd deposit you're sending over for the truck??
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Just found out most thai banks are now charging 220 baht for atm withdrawals (from 6th jan 2017) this is getting crazy.... I have been told that some big banks do over the counter debit card withdrawals and don't charge the atm fee, Does anyone know of what thai bank in Buriram will do this???? I don't need to get my pension until next week so any help would be great, I currently use my Oz westapc debit card getting 20k baht but with Westpac charging $23 fee and $5 atm fee all these fees are costing about 2000 baht a month. I do get a good exchange rate (last week was 26.3 with xe.com showing 26.1 and Bangkok bank showing 25.6) but I would prefer to put that 2000baht into kids savings bank rather than for bank fees. cheers
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I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.
Works for me.....
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I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.
Works for me.....
thanks im checking that site out now, goods ex rates oz $ 26.6 and same as ozfx rate of 26.6 but ozfx has $15.00 fee etc, im trying to find out if they operate in Australia?? cheers
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Looks great for UK residents but not for Aussies (I will tell a couple of my UK mates about this site) Does anyone here get a Aussie pension and gets it tranfered direct from centrelink to a thai bank account as that seems the best option for me so far. I do understand that centrelink does thru a fx company to transfer to Thailand but im still trying to find out wat fees/charges/rates they would use. cheers
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I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks
Just checked out Xendpay. Looks really good. Better rates than the company I've used previously so have just signed up. Thank you.
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I transfer money to my Thai bank using a company called Xendpay, the initial transfer from my UK bank is a domestic transfer, so no charge, then a small fee to send and no other charges (pretty good rates as well). Then no ATM fees if I use my banks ATM.
Works for me.....
Adam, may I ask how much does it cost to transfer money from the UK to Thailand ?
I transferred 9000 Euros last week and it cost me in total (incl Home Country bank and BBL Fee) 710 THB. Left my Home Country Bank 3pm (Thai time) and arrived in my account at BBL at 8:30am the next morning.
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Initially when you sign up, you choose how much to pay (I tried paying less than recommended and the money took a few days to arrive), but if you use the service over a certain amount, they charge me 1%, but I am sending regular small amounts. If you are sending occasional large amounts, I am sure there are many cheaper ways. When I transfer now, if I time it right the money is in the Thai account the same day.
The rates they give are very good (ie if the pound is 44.00 they give 43.80). But it will not be for everyone. I was using my UK bank and sending money every month, but the charges just got too high.
As I say not for everyone.
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So just put in on the website 9000 EUR, they are giving a rate of 37.6894.
They suggest paying 90 EUR, but the option is there for you to choose how much you want to pay (you could put 0).
9000 EUR = 339204.60 THB
you choose how much to pay. If you don't need the money immediately pay nothing!!
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That "Pay what you want" idea is very interesting, but found this
*PWYW applies to transfers up to £2000 per annum or equivalent in your sending currency.
https://www.xendpay.com/how-it-works
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So if it's over £2000 presumably that means there is no fee or rather it is built into the exchange rate given??
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Could be, but how I read it (but I could be WRONG) is that after you send more then £2000 (per annum) you have to go with their supposed fee rate, but then again I could be wrong.
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I need to bring some over in the next couple of months so will advise when I give it a try. Certainly better rates than I'm getting with the company I currently use but also I pay no fee. I will compare the two and post afterwards.
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Thanks Freddy, interested to know as I regularly transfer money.
One more thing Freddy, I would also like to know how long it takes, because when I transfer now (weekday->weekday) it only takes from (approx) 3pm Thai Time (day 1) to around 8:30am (day 2).
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Well I had to bite the bullet and transfer some money over. GBP to THB remains rubbish but if anything was getting worse.
I previously advised that I had set up an account with Xendpay. However, despite repeated correspondence and provision ( by me) of numerous available documents they wouldn't verify my account. Still unclear why as I have verified accounts with 2 other companies and also got verified in an hour with a new company on Monday this week.
So sorry, I can't provide anything further on the Xendpay service other than to say their verification requirements are bloody ridiculous.
I did quite a lot of trawling around and opened an account with TORfx. There rates were slightly better than my existing 2 companies (+.4) and only -.1 compared to Xendpay. No fees.
Communication excellent. Verification quick and simple, within an hour. I was phoned by one of their traders but when I advised I would just use the Internet service and wasn't sure what date I would transfer, there was no pressure. Just assured there for help if needed and call ended.
When I made the transaction confirmation emails were instant. 3 recieved, (1)confirming detail of transaction, (2) confirming funds recieved by them from me (3)confirming money sent to my Thai account.
Good service and competitive rates.