How to send money to Thailand

This is what happened to this great Thai woman or man, and you know he / she is poor, and you want to helping to money, at regular intervals. How it works?

There are two options: bank transfer or debit card. The debit card method is cheaper, but first a bit 'more complicated.

1. Money Transfer

This method is ideal if you want money only once or several times not to broadcast regularly.

First, open a bank account if you do not have one already sent, andThe bank and account information. Then you can make money with a bank transfer (also known as "transfer" or "inter-bank transfer" or "SWIFT bank transfer, depending on the country where you live). The cost is about U.S. $ 25 to $ 50, depending on country of residence, and the Bank, with which you, so it's worth unless you send more than $ 200. Some banks charge less than others, so it pays to shop around and ask what the fee .

2. In the case ofCard

Open an account at a bank in your city and more or Cirrus symbol is displayed. That is, they want to have an international ATM ("ATM" or "ATM"). PLUS and Cirrus are both international and do the same and charge the same rates to its customers (the banks). Some banks belong to both networks, some one, others not.

The bill should be in your name. Get an ATM card (also known as "debit card" or"Bank Card") from the bank, money in the account, and use the card at any ATM to verify the card is OK for a draw or even withdraw some funds.

Mail the card to your friend in Thailand by registered mail. When the input card, the confirmation email PIN (must indicate the identification number to enter, if the ATM card) by registered mail. Not the PIN with the card by mail if the letter arrives in the wrong hands.

You can then go toany ATM in Thailand, the statement shows the same symbol (plus or Cirrus), insert the card, enter the PIN, and pull a lot of cash (Thai baht) to the limit of what you put in. Your bank will automatically convert the currency of Thai Baht to your currency. Since this is a separate account from your normal account, there is no danger that they (or someone else, when the card is stolen) you can access your money in ordinary bank accounts. Even they can not withdrawmore money than what the account. Just make sure there is found in the account when you open it.

Most banks charge a fee for each withdrawal. Some banks charge up to $ 5, but most are smaller. Look around and find a bank that has the lowest rates for international ATM transactions. (My bank charges nothing for international ATM transactions, because I have a Gold Visa with them.) And tell your friends back Thai substantial amounts, and do not go to the ATMevery day to withdraw 100 baht, the fees that make it uneconomic.

So you can adjust the transfer of money to this account, and can access your girl the same day. If you regularly (for example, the first of each month or the first and fifteenth), and you tell your friend right, then will go to the banking machine these days and can withdraw the money.

For some banks, is to go for the possible negative account (an open)Although overdrafts are not allowed because they are the full amount in the account, and the fee for international payments can be withdrawn and applied to put the bill in a negative state. Some banks allow you to get away with it and some pay a big fine (of say $ 30 U.S.). So, check with your bank that their policy. If you do not like their policies, you can use one of three things:

Among the banks;
an eye on your account (via Internet Banking Bank)and transfer enough money into the account immediately to return to zero, some banks allow you to create a rule that automatically sweep money to be used to keep out of the normal account that does not account for the negative account;
Have your say, not Thai friend, the outstanding debt to retire, but leave xxx baht in the account at any time. This may or may not be possible, depending on whether the ATM in Thailand tells her account balance. This is a function ofYour bank ATM or not the PLUS or Cirrus. Some banks are the available balance, others not.

Hope this helped. I have used both methods (bank transfer and direct debit).