Whats the best way to do a Direct Bank transfer to Thailand 2019

Back in 2019, the most efficient methods for transferring money to Thailand included:

1. Wise (formerly TransferWise)

• Low Fees & Best Exchange Rates: Wise was already a popular choice for its transparency and real-time exchange rates.
• Fast Transfers: Money often arrived within 1–2 business days.
• How to Use:
• Sign up on wise.com.
• Enter the recipient’s bank details in Thailand.
• Pay with your local bank account or credit card.

2. Bank Transfers

• SWIFT Transfers: Traditional banks like HSBC, Citibank, or Deutsche Bank facilitated transfers using the recipient’s SWIFT/BIC code and bank details.
• Drawback: These transfers often had high fees and less favorable exchange rates.

3. PayPal

• Fast and Easy: A PayPal transfer worked well if both parties had PayPal accounts.
• Fees: High fees for currency conversion made this less attractive for large amounts.

4. Western Union or MoneyGram

• Instant Transfers: Good for urgent payments.
• Drawback: Very high fees and often poor exchange rates.

Tips for Bank Transfers to Thailand in 2019

• Ensure you have the recipient’s full name, bank name, account number, and SWIFT code.
• Double-check all details to avoid delays.
• Always compare fees and exchange rates before choosing a service.

For most people, Wise remained the top recommendation in 2019 for its cost-effectiveness and reliability.

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