Has anyone used the Nationwide SWIFT facility which now is done by sending a form to Nationwide's HO in Swindon rather than in the Branch, are there any problems?
Also, in order to get the best exchange rate I think I need to set the "Currency to be sent" field to "British Pound GB" rather than"Thailand Baht BHT", is that correct?
Many thanks
Dave
Nationwide BS & SWIFT
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Sorrento10
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Nationwide BS & SWIFT
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can you not just do an international transfer via you internet banking system the same way as you would do a transfer in your own country.
I am in Australia and with the commonwealth bank, you set up the client in much the same way as you do a local transfer and then proceed with the transfer the same way as you would with a local transfer.
I can transfer money overseas quicker than I can in this country. The 4 that I have done are in the bank in LOS within 3hrs. If I do one to an account in Australia it takes overnight.
There are a series of security steps that are in place incase of fraud. Only charges is a $22.00 charge everytime you use it which is the standard overseas transfer fee from Aus to anywhere overseas.
I am in Australia and with the commonwealth bank, you set up the client in much the same way as you do a local transfer and then proceed with the transfer the same way as you would with a local transfer.
I can transfer money overseas quicker than I can in this country. The 4 that I have done are in the bank in LOS within 3hrs. If I do one to an account in Australia it takes overnight.
There are a series of security steps that are in place incase of fraud. Only charges is a $22.00 charge everytime you use it which is the standard overseas transfer fee from Aus to anywhere overseas.
Always Borrow Money from a Pesimist. "They Never Expect it Back"
Lomu, with the CBA here, they have a great security system that if I want to do a transfer (local or international) there is now a security system in place that sends me an sms with an access code. Until that access code is entered on the screen the transaction cannot be processed.
So for instance, if I recieve a message and it is not me who is accessing the account, I know someone has access to my account, but until that code is entered the money will not be sent.
There are still other banks here that will not allow access to this transaction, but I am lucky enough to be with one who does.
So for instance, if I recieve a message and it is not me who is accessing the account, I know someone has access to my account, but until that code is entered the money will not be sent.
There are still other banks here that will not allow access to this transaction, but I am lucky enough to be with one who does.
Always Borrow Money from a Pesimist. "They Never Expect it Back"
Now that the 30% restriction on currency transactions has been cancelled by the new Govt. there should be no difference between the onshore and offshore exchange rate for T/T's.
Checked a few days ago and there was no difference between Siam Commercial TT rate and rate I was offered in UK.
Also if you are sending money in GBP from UK the charges are higher as the UK Bank do not make any money on exchange rate.
Checked a few days ago and there was no difference between Siam Commercial TT rate and rate I was offered in UK.
Also if you are sending money in GBP from UK the charges are higher as the UK Bank do not make any money on exchange rate.
PJG,PJG wrote:Now that the 30% restriction on currency transactions has been cancelled by the new Govt. there should be no difference between the onshore and offshore exchange rate for T/T's.
Checked a few days ago and there was no difference between Siam Commercial TT rate and rate I was offered in UK.
Also if you are sending money in GBP from UK the charges are higher as the UK Bank do not make any money on exchange rate.
Can you please explain how that works? I've looked on NatWest today, and they are quoting sell THAI BAHTS 58.3938 buy THAI BAHTS 70.0281. If I asked NatWest to send Thai Baht I would expect to get 58.3938 for each Pound. However, when I look on Bangkok Bank, they are willing to buy my Pound for 62.35 Baht.
I know that I've read it several times in the past week or so that there shouldn't be any difference, but when I look, there still seems to be an onshore and an offshore rate.
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I do a lot of transfers in the course of Business. To-day Travelex Global payments are quoting B62.88 with a £5 charge for the transfer. Siam Commercial are quoting 63.48 for T/T less for notes and T/chqs. I guess that Nat West are taking a big profit on the exchanges at the moment, perhaps to recoup some of there losses on US mortgages!!!
Seriously though you can better rates by shopping around the various International currency exchange companies but you usually have to set up an account before you can deal.
Before the exchange controls were lifted there was a 10 to 15% difference between onshore and offshore rates.
I do a lot of transfers in the course of Business. To-day Travelex Global payments are quoting B62.88 with a £5 charge for the transfer. Siam Commercial are quoting 63.48 for T/T less for notes and T/chqs. I guess that Nat West are taking a big profit on the exchanges at the moment, perhaps to recoup some of there losses on US mortgages!!!
Seriously though you can better rates by shopping around the various International currency exchange companies but you usually have to set up an account before you can deal.
Before the exchange controls were lifted there was a 10 to 15% difference between onshore and offshore rates.