Transferring Money From Los To Usa

[Flashermac 1403]

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.

[My Penis is hungry 282]

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.

[YimSiam 183]

Money from Thailand to USA? I didn't realize money could possibly go in that direction, too!

[zzzz 34]

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

[Flashermac 1403]

The Bangkok Bank in New York is not a bank in the traditional sense. It acts as a transfer service to deposit U.S. government payments to American citizens residing in Thailand. It doesn't work in reverse. I have no account at the Bangkok Bank in New York, only here in Thailand.

 

http://www.bangkokba...ages/index.aspx