How to use Paypal to transfer funds from the US
LARRY WESTFALL

 
I wanted to get a Thai bank account as I plan on retiring here in two years, and wanted a way to transfer funds from the US to Thailand more cheaply than using Western Union. I figured PayPal (http://www.paypal.com/) would be the right transfer vehicle and thought I would be able to use my US PayPal account.

I was partially correct and this is what I did.

Step 1: Open a Thai bank account. I chose Kasikorn Bank after reading many favourable reviews online. I went with my Thai girlfriend to the bank, took a number and was seen in minutes. I explained, through her, that I wanted to open an account. The bank clerk asked if I lived or worked in Thailand, and my girlfriend explained that I did not, but that I visited three or four times per year. The clerk then asked if I had a Thai address, and she said I could use her mother's address.

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