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fees
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I have found lots of useful information on this site and want to pose my first question. I send money to a Thai bank account each month for rent etc and have used Western Union. This month there has been a significant delay in transfer so I have registered to a Wise account. I am sending from UK. Wise offer 2 options - sending via bank transfer or using a debit card. There seem to be pros and cons to both. Does anyone have experience or advice of which method to use?
Has anyone worked out the cheapest way to transfer money from the UK to Thailand? Some say Wise, but that's 1% plus the ATM fee (and 1-2% Visa rate margin), or 2% bank to bank (in practise I'm charged 1.25% fee, but plus 1.5% or so on the rate). Some say Moneygram but their rate looks worse although I've not been able to register. Someone said normal bank Swift can be cheaper for large amounts. I haven't started to work that out bank by bank, but certainly in the past elsewhere Swift had been much more than Wise around the $10,000 mark and below. Bank of Bangkok also allow you to transfer by BACS to their London branch, although their rate probably has a margin added. Currently looking like Wise withdrawing as much as the ATM will allow. (Or bringing suitcases of cash for Superrich seems popular. They're margins are tiny but they charge 2.5% for cards.)
Could anyone tell me which transfer app gets you the best deal for your buck? Moneygram looks to be the better option, though would anyone happen to know if this is a guaranteed fixed rate or Will other fees apply besides the $.50 when transferring from online bank to direct bank?