Are you tired of being at the mercy of banks when you move money? You may live in Thailand, but no doubt you want to send funds for bills, expenses, and your family all over the world. So, why does it feel like your money is shackled to your bank account? And why is the cost of releasing it so high?

In today’s society where we can live and work practically anywhere, moving money should be frictionless. But so often it isn’t.

High exchange rates, exorbitant bank/transaction fees, and hidden charges all work to cripple our hard-accumulated funds the minute we even consider sending money abroad. Sending money out of Thailand is both challenging and expensive—everyone’s least favorite combination of factors. Repeat an exchange transaction more than once, and you may as well gift wrap your money for the bank with a bow.

We know you’re not alone with these frustrations too. Members of expat forums for cities all over Thailand see the oft-repeated question time and again, “What’s the best way to send my money abroad?” Because to date, there hasn’t been a cost-effective, transparent solution available.

SWIFT transactions—which are anything but—are expensive, just like Western Union. Thai Bank transfers for foreigners involve tedious forms and multiple document verification followed by a three-day wait just to attach an international account to your personal one. That’s before you then suffer the high exchange rates and processing fees of up to, and beyond, 1300 THB. Attaching a business account—don’t bother trying.

Sure, it’s free to send money through PayPal, but your recipient loses out on a significant chunk at the other end thanks to the company’s high commission charges which take some finding on their website. Payoneer’s ‘Global Payment Service’ is yet to include THB. So first, you need to exchange your money before you can ACH it across to another country. And TransferWise doesn’t offer the capability to upload THB. (Yes, you can trade THB, but you can’t add it to your balance—even with the new borderless account.)

But what am I telling you this for? You know all this already and have chalked up the frustrations to “This Is Thailand.”

There is, however, a new solution. At the top of Soi 8 on Sukhumvit Road is the headquarters for DeeMoney. With just one form of ID, you can register to become a member in a matter of moments. DeeMoney is the ONLY non-bank in Thailand to hold the required special international money transfer and money exchange licenses, issued by the Bank of Thailand, for moving THB abroad. We cater to 5000+ customers already.

 

Launched in July 2018, DeeMoney is partnered with Moneygram for global distribution. We also leverage direct partnerships for countries outside of the Moneygram network to ensure customers can send money to 16 countries as swiftly and easily as possible. For these 16 countries, we charge a single FLAT fee of 150 baht for ALL transfer amounts. Which means you can send up to 800,000 THB and still only pay 150 THB for the opportunity.

Compare this with other companies and banks mentioned above which stagger rates the more you wish to send, and the savings become astronomical.

In addition to ease of registration, there’s also a DeeMoney app available on Android and from the App Store. The app works with KPlus linking quickly and easily to your Thai bank account or you have the option to pay for your transfer through a QR Code too. Now you can send money abroad anytime, anywhere all from your phone. There’s no need to log on to a laptop to make an international bank transfer—consider that a thing of the past.

The 150THB FLAT rate is for transfers to Australia, Bangladesh, Cambodia, India, Indonesia, Malaysia, Myanmar, Nepal, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, the UK, the US, and Vietnam.

No hidden charges. No high exchange rates. No additional transaction fees. Everything is as clear as Dee.

DeeMoney, what are you waiting for?

 

BIMSTEC and BRICS nations observe moment of silence in reverence of Thailand’s late monarch

Participants of the BIMSTEC Outreach at BRICS Summit 2016 have joined in mourning for the late His Majesty the King Bhumibol Adulyadej.

At the summit, taking place in Goa of India, representatives of 11 countries comprising the 5 BRICS nations of Brazil, Russia, India, China and South Africa and the 7 BIMSTEC countries of India, Bangladesh, Nepal, Bhutan, Sri Lanka, Myanmar and Thailand joined together to observe a minute of silence in reverence of His Majesty the King.

The moment of mourning was led by Indian Prime Minister Narendra Modi who voiced his condolences towards Thailand.

Brazilian President Michel Temer remarked his nation also mourned the loss of Thailand’s monarch, who had sacrificed and contributed greatly to the happiness of his people and performed royal activities across the world.

Bhutan’s prime minister relayed his grief and sympathy to the Thai prime minister’s representative Weerasak Futrakul.

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Information and Source

Reporter : Itiporn  Lakarnchua Rewriter : Itiporn  Lakarnchua National News Bureau & Public Relations : http://thainews.prd.go.th

Strong tremors felt across North and East India as 7.9 Magnitude earthquake hits Nepal

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More than 20 person were killed in India after strong tremors were felt across North and East India following a massive earthquake of 7.9 intensity hitting Nepal today.

Two persons were killed in barabanki of UP while 15 others have died in Bihar and three in North Bengal.

As many as 500 people were killed in a major earthquake that rocked Nepal on Saturday, a Nepalese official said here.

One person was killed when an old building collapsed in the premises of the Indian consulate here when the earthquake shook the country on Saturday.

The dead person was a Nepalese national, according to a journalist based here.

Xinhua news agency reported that at least three people were confirmed killed and two others were injured.

Different buildings, including the walls surrounding Nepal’s royal palace, collapsed. The strong earthquake shook buildings in the capital, and more casualties are feared.

The quake was felt in India, Malaysia and Bangladesh.

Major devastation took place in the old area of the national capital.

According to information available, there was devastation in Hanmandhoka area in the old area of Kathmandu.

A nine-storeyed tower in Kathmandu fell.

Several casualties were feared as buildings collapsed. Authorities said they were still trying to assess the situation.

Images that were tweeted showed the extent of damage caused to the buildings. There was rubble where the buildings once stood. In at least one case, there was a long and wide crack on a metalled road.

Initial reports indicated that telephone connectivity was snapped in and around Lamjung, which was near the epicentre of the quake that measured 7.5 on the Richter scale, later revised to 7.9 by USGS. Half an hour later, another earthquake measuring 6.6 on the Richter scale hit 49 km east of Lamjung.

A strong earthquake measuring 7.9 on the Richter scale rocked Nepal at 11.41 a.m. India time, with tremors felt from Delhi to Guwahati and Srinagar to Jaipur. Even half an hour later, the aftershocks continued.

According to the India Meteorological Department, the depth of earthquake was 10 km and measured 6 on the Richter scale in India. The US Geological Survey said the epicentre was at Lamjung in Nepal – a district some 75 km northwest of capital Kathmandu.

The Style Souk