Most practical and least expensive way to transfer large funds to Thailand?

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HHTel
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Re: Most practical and least expensive way to transfer large funds to Thailand?

Post by HHTel » Tue Jun 12, 2018 11:52 am

you would need to make 30,000 transactions,
Being a nitpicker, I think you mean 30 transactions:
300,000 / 10,000

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StevePIraq
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Re: Most practical and least expensive way to transfer large funds to Thailand?

Post by StevePIraq » Tue Jun 12, 2018 11:57 am

Well spotted young man, however if you tried to make 30 x AUD10k transactions you would very quickly have someone knocking at your door.
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HHTel
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Re: Most practical and least expensive way to transfer large funds to Thailand?

Post by HHTel » Tue Jun 12, 2018 12:00 pm

Well spotted young man,
Thanks for that. Made my day!

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Re: Most practical and least expensive way to transfer large funds to Thailand?

Post by Bluesky » Tue Jun 12, 2018 4:03 pm

StevePIraq wrote:
Tue Jun 12, 2018 11:12 am

So based on this if you are bringing over 3m Baht roughly 300kAUD, which being the proceeds of a house sale and pension is on the low side, you would need to make 30,000 transactions, do you really think the authorities will not be climbing all over you. The only way is through a formal bank and from my experience with Westpac they will give a better rate than the norm when transferring substantial amounts. It will still not be a simple thing to do as it will have to be approved by the authorities who will want proof of where the money has come from. She will also have to go through the formal Probate process.
Yes you would definitely have the authorities climbing all over you, and Just as likely the Bank looking for their $900,000.00 fees base on a single transaction cost of AUD $30.00 :D
'Diplomacy is the art of telling people to go to hell in such a way they ask for directions'. -Winston Churchill-

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StevePIraq
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Re: Most practical and least expensive way to transfer large funds to Thailand?

Post by StevePIraq » Tue Jun 12, 2018 4:05 pm

Now back to the OP, what have you decided, what recommendations are you going to make to your friend?
"Live everyday as if it were your last because someday you're going to be right." Muhammad Ali

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