Banking advice

[mozzer42]

I will be retiring to thailand from uk and was wondering if anyone had any good advice on how to arrange your banking to avoid unnecessary ATM fees,I was thinking maybe hsbc expat account and using wise ,any info would be appreciated 

Edited December 21, 2023 by mozzer42

[G_Money]

Kasikorn or Bangkok Banks is most likely the best option for most expats to open in Thailand.  I personally have Kasikorn and love their mobile app.  No need to have the debit card to make withdrawals, only your smartphone.

Set up a WISE account for money transfers.

USA expats have the option of any government pensions to be deposited into Bangkok Bank.  Not sure if the Redcoats (Brits) have that option.

Edited December 21, 2023 by G_Money

[biggles]

Same for me, K Bank on line for many years and never let me down. Started transfers with Wise some years ago also with no problems. 

[thegrogmonster]

18 minutes ago, biggles said:

Same for me, K Bank on line for many years and never let me down. Started transfers with Wise some years ago also with no problems. 

Exactly the same for me.

[Gonetothedogs]

35 minutes ago, biggles said:

Same for me, K Bank on line for many years and never let me down. Started transfers with Wise some years ago also with no problems. 

KBank and SCB are great with Wise

 

BBL can be a bit funny. Sometimes get delays 

[mozzer42]

Thanks heard good things about kasikorn,was just thinking how do expats get interest on the bulk of there cash ,is it better to keep the bulk of it back in UK and just move some use wise to transfer over into kasikorn

[LASportsNut]

12 hours ago, mozzer42 said:

Thanks heard good things about kasikorn,was just thinking how do expats get interest on the bulk of there cash ,is it better to keep the bulk of it back in UK and just move some use wise to transfer over into kasikorn

The Thai interest rates are normal. Not high, not low.

I keep my money in investment accounts in the USA, then transfer using WISE as needed.

Edited December 22, 2023 by LASportsNut