CitiBank has instituted a system
where you can wire as much as $50,000 per day. See the
Making wire transfers from
your home bank to Thailand (with CitiBank).
1. Open up a Citibank checking
or money market account in your home
2. Set up an on-line banking
account with CitiBank.
3. When transferring money go to
CitiBank’s on-line wire transfer
4. Have the following
The name of the person who will
be receiving the money.
The Bank name and account number
receiving the money.
The Bank’s SWIFT
Society for Worldwide Interbank
5. The transfer will take up to
a few days to complete. The money can stay in dollars or be
converted into baht.
6. The minimum you can send is
$1 and the maximum is $50,000 per day.
7. Cost is $40 per transaction.
If you need to get a large amount
of money here and you cannot wire it all at once your bank may
be able to accept a personal check. The problem is that
while some banks might take only a few weeks to clear a foreign
check others may take up to 3 months. If you are looking
into opening an account you might want to take how long checks
take to clear into consideration.