Is it safe to send money from Thailand to Lithuania through online services?
Yes, it is generally safe to send money online from Thailand to Lithuania using trusted international platforms. Look for services with encryption, customer support, and regulatory licenses in both Thailand and Lithuania to ensure your transfer is secure.
What are the advantages and disadvantages of using a SWIFT bank transfer?
Advantages: Large amounts can be transferred securely.
Disadvantages: Longer processing time (several days), high fees from both sending and receiving banks.
How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
Do I need a bank account in Thailand to send money to Lithuania?
Not necessarily. Many international services operating in Thailand offer cash transfers to Lithuania, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Thailand to Lithuania, an account will be required.
