If you just want to send the occasional 1000 baht then it’s a no brainier. Use western Union and accept their extra charge.
Surely you can afford it on such a small amount you are sending?
If you just want to send the occasional 1000 baht then it’s a no brainier. Use western Union and accept their extra charge.
Surely you can afford it on such a small amount you are sending?
The amount proposed is perfectly reasonable as a donation for an occasional acquaintance & it's also not very polite to question that either.
Also, with money transfers it's partly about the principle of not losing 20% of your money when transferring from one place to another.
And it's partly about learning how to optimise transactions for future. If I didn't bother trying to minimize overseas transaction costs, I'd be several thousand pounds poorer at this stage in life.
Anyhow, at risk of breaking the mould with a reply that's trying to be helpful, reading through the banking forum at Khmer440 might be worthwhile (no promises): https://khmer440.com/chat_forum/viewforum.php?f=39
It's a matter of principle.
The boy sent me a Thai bank account (of a friend of him) to which I transferred the money from my Thai bank account (no charges).
My experiences with international mail (letters and parcels; postcards are fine) are rather negative. About 2012 I sent my SIM card and some money (to top up my SIM card) to a Farang friend in Thailand, the letter disappeared. Four weeks ago I sent a parcel to a friend in Portugal, it arrived a week ago.
Sometimes, especially in Thailand, it is easier to overlook principles for a small amount of money if it makes life easier! Ask any policeman
Transfer rates are little over 10% with WU....Not 20%.
If that's the TOTAL charge from money leaving my account to it landing in his hands in Cambodia, I suspect it's not unreasonable for a modest transfer to Cambodia.
Assuming there are no charges on the receiving side.
I made a Paypal transfer to the Philippines earlier in the year. There was a slightly unreasonable charge declared when I sent the money. Then Paypal took another undeclared cut on the receiving side. I had no idea about the latter figure when I sent the money. Not happy.
[Disclosure: I hold Paypal stock, so should encourage you all to use their expensive forex services. I just cannot bring myself to do that]