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gawguy

Transferring Money From Los To Usa

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Bangkok Bank is the only one the Feds will use. You have to use it for Social Security, military and government pensions, VA disability etc. It's deposited in the NY branch and immediately transferred to your account in Bangkok.

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My wife has a small income sending money from Australia back to Thailand for friends, charges them $10. Looks up the daily exchange rate and then makes the transfer from her Thai bank to their Thai bank account.

 

Money moves instantly, so no delay, she makes a few percent on the exchange buy / sell difference and a $10 fee.

 

Cheaper and faster than Western Union.

 

I wish she had more friends, as it is only $50 a week on average. But still, $50 shopping money she didn't have before.

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From Bangkok Bank website:

 

"You cannot transfer funds from Bangkok Bank's account in Thailand to your account with banks or online payment service providers in the US via Bangkok Bank's New York branch and the ACH system."

 

http://www.bangkokbank.com/BangkokBank/PersonalBanking/DailyBanking/TransferingFunds/TransferringIntoThailand/ReceivingFundsfromUSA/Pages/ReceivingFundsfromUSA.aspx

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