BBL currently shows TW transfers as international. There's no guarantee it'll keep showing as international in the future though. Most banks show them as domestic.
RCer wrote: ↑Sun Feb 24, 2019 7:43 pm
TW is definitely more favorable for UK than US. UK 5000GBP fee is 27+. US 5000USD is 40+. Which is more than my bank charges me.
If you reveal the calculation you should be able to see that the TW fee itself is not that different (a quick test for $5K now shows it's $30.65 = £23.48). The rest of the fee is wire/ACH cost. In GBP the transfer costs are zero (except via a debit card), so you only pay the TW fee.
You can actually easily avoid/minimize these transfer fees by opening a TW Borderless account. Once you do that, you can simply ACH USD to your Borderless account (free), convert to THB (~0.56%), and then transfer the THB to a Thai account at a fixed rate (~฿80). So to transfer $5K you would end up paying $30.5.
Notes:
* As I mentioned in another post, wiring USD directly to the Thai bank will end up cheaper at some point (usually around $4-5 K, depending on your wire fees and the current spread).
* Wiring directly doesn't only cost you $40. It costs you $40 only at your US bank. Then it costs you ฿500 at your Thai bank (receiving wire fee max). Then it costs you the conversion spread. So if we look at a $5K wire done today to, say, BBL ($1=฿31.15), you would end up with ฿154,004. With TW Borderless you would end up with ฿155,596.
* Repeating here, but it's worth it - transferring via ATM withdrawals (FTF 0% + ATM fee rebates) will save you much more. If you can't do that, at least look into lowering your wire fee, it's at the very high end.