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Pablo
Joined: 15 Dec 2011
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 Posted: Fri Aug 31, 2012 6:07 am Post subject: Remitting savings periodically to Thailand |
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Hello
What is the best way to remit Korean won savings to Thailand (to baht) in large chunks on a periodic basis?
Will any method beat the rate/fees of a KEB EasyOne account?
Thank you |
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thrylos
Joined: 10 Jun 2008
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| Posted: Fri Aug 31, 2012 8:33 pm Post subject: |
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Get rid of the Thai 'gf' and remittance problem solved.  |
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nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
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Pablo
Joined: 15 Dec 2011
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| Posted: Sat Sep 01, 2012 8:25 am Post subject: |
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[Loud sputtering sound] Milk just went through my nose. Er... thanks... |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Sat Sep 01, 2012 5:32 pm Post subject: |
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Your KEB account is probably your best bet if they are a common event.
For one off remittances then a SWIFT bank wire works well.
W.U. is a fast but expensive alternative (hours compared to 1-3 days for the recipient to get the funds).
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Pablo
Joined: 15 Dec 2011
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| Posted: Sat Sep 01, 2012 5:42 pm Post subject: |
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| Thank you, Ttompatz! |
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orosee
Joined: 07 Mar 2008
Location: Hannam-dong, Seoul
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| Posted: Sun Sep 02, 2012 4:32 pm Post subject: |
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| thrylos wrote: |
| Get rid of the Thai 'gf' and remittance problem solved. |
Wow, that was my first thought too!
BTDT - I emptied out my HSBC account in Hong Kong (no problems with int'l transfers from there) this way. No regrets. (Okay, I've had a few). |
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newb
Joined: 27 Aug 2012
Location: Korea
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| Posted: Mon Sep 03, 2012 4:31 pm Post subject: |
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| One year fixed term interest rate in some countries are well over 10%. Vietnam had 15% last year and came down to around 11% this year. Sometimes, it makes sense to set up fixed term deposit away from home or Korea. |
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orosee
Joined: 07 Mar 2008
Location: Hannam-dong, Seoul
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| Posted: Mon Sep 03, 2012 5:11 pm Post subject: |
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| newb wrote: |
| One year fixed term interest rate in some countries are well over 10%. Vietnam had 15% last year and came down to around 11% this year. Sometimes, it makes sense to set up fixed term deposit away from home or Korea. |
Fair enough. Just using Occam's Razor.  |
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