When you are migrating from one country to another country, money really matters. When you left your home country and started working in a different country, then you will have to transfer money to your home account and from that account as well. If you have migrated to Thailand, then this information is for you. Here you will be able to find some interesting and useful information that can help you to know how to transfer money to and from Thailand.
Most of the times, many people believe that using a credit card can be the best way to transfer money. But do you really think that this is the best way to transfer money? When time passes by, this can get costly for you. Want to know how to avoid that extra fee that you need to pay for every transaction? If you have already moved to Thailand, then you need to open an account first. The next process is going to be simple for you.
Same account Transfers:
If it is a transfer between your Thailand bank account and overseas bank account which have the same financial institution, then you can transfer it with ease. You will just have to transfer the amount from this account to the other and no extra fee would be charged for you.
You can transfer money using Wire Transfer. In this way, you should transfer amount from your overseas account to the Thai bank account. It may take more than one day and maximum of four days for the amount to reflect in your account. This is also a method where you will have to spend little high for transfer of money.
Bank Drafts or Cheque deposits:
Bank Drafts and Cheque deposits can be done for transferring money between overseas bank account and your Thai bank account. To do this you will just have to sign the cheque and deposit it. You will be charged certain amount as fee for approving the cheque and its transfer. Once the cheque is approved then it will just take one day for the transfer of money.
A very popular method to transfer money to your bank account is PayPal. Many people use this method and it is going to cost you very less for transfer of money. In fact, you can say that you can transfer it for free of cost.
Hard Cash deposit
When you do not want to spend too much money for transfer of money to your Thailand bank account, then you can withdraw the cash from your account. Then go to the receiver bank and then deposit the money in their account. All you will have to do is fill the deposit form and transfer the amount.
So now you can send money to Thailand with very easily with these tips.
For all these transactions, you will have to submit a copsssy of your passport.