Originally Posted by theguy123
-How do the people who live there get money into the thai bank account from overseas? I have a usa saving and checking w/ bank of america. can money from this usa bank account be transferred online to the savings account of a thai bank account like kasikorn or bangkok bank? is there fees from transferring your money online from your usa savings account to your thai bank account, if it can be done? do i have to make sure my bank here in america will allow me to transfer to a bank there first, or is the transferring done more with the thai account online?
The transferring will be done from your american account so yes you need to make sure you can transfer to foreign bank accounts, which i assume all can do. Its just a question of how (online functionality or not) and the cost. Most normal banks will give you a pretty decent fx but its probably worth checking it out with a smaller transfer before doing a big one.
I transfer from my swe bank account to kasikorn for 150 baht (charged in swe) and it takes 3-4 days and fx is ok
Another way would be via moneybookers (neteller wont work in thailand) but dont really see the point of that since the fees would def be higher