Deemoney

DeeMoney Review: Is DeeMoney any good?

Overview and general information

DeeMoney is a Thai fintech specializing in international money transfers. Founded by Mr. Aswin Phlaphongphanich and Mr. Rasmek Sriseththi, the company has been granted licenses from the Bank of Thailand and the Ministry of Finance, such as an international money transfer license and a foreign exchange license. It offers money transfers to over 50 countries worldwide, supporting more than 26 currencies, with competitive fees and attractive exchange rates. The company aims to be a leader in digital financial services that meet the needs of users in the digital age.

Licensing and Regulation

If you ask whether DeeMoney is good or not, you must first consider the license factor. The company has received a license and supervision from the Bank of Thailand and the Ministry of Finance to provide international money transfer and foreign exchange services. The licenses are as follows:

• International Money Transfer Agent License(Authorized Money Transfer Agent License) Number MT125590013

• Foreign Exchange Business License(Authorized Money Changer License) Number MC125600121

• Electronic Money Transfer Service License(E-Payment Service License Type C (3)) Number B(4) 033/2018

• Electronic Money Service License(E-Money License) Number B(2) 001/2022

Deemoney Products and Services

• International Money Transfer Services:Allows users to transfer money from Thailand to over 50 countries worldwide, supporting over 26 currencies, through an easy-to-use application and service branches.

• Currency Exchange Services:Foreign exchange service with competitive exchange rates. Users can exchange various currencies at DeeMoney branches.

• DeeNext:A money transfer service that delivers funds to the recipient's account within one business day, ideal for business payments that require speed and stability.

• DeeBusiness:A platform designed for businesses, making international money transfers easy, secure and with fixed fees.

DeeMoney Review: Fees

International money transfer fees

• General public:A flat fee of only 125 THB per transaction (excluding VAT) for transfers to DeeNext supported countries, with guaranteed next business day delivery. 

• Business customers (DeeBusiness):Fixed fee of 449 THB per transaction (including 7% VAT) for money transfers to other countries.

 ⚠️Warning:Please note that fees and exchange rates are subject to change, so please check the latest information via the DeeMoney application or the company's website before making any transactions.

Support and Customer Service

Contact channels

• Telephone: 02 821 5555

• Email: [email protected]

• Business hours: Open every Monday to Friday from 9:00 AM to 6:00 PM.

Deemoney Pros and Cons

Pros

• High security, licensed by the Bank of Thailand

• Fixed fees, transparent, no hidden fees

• The application process is easy and fast.

Cons

• The application may experience occasional usage issues.

• The transfer limit via the app is limited per month.

Summary of DeeMoney reviews: Is it good?

DeeMoney is a Thai fintech that specializes in international money transfers. With fixed, transparent fees and competitive exchange rates, it is an ideal choice for those looking to transfer money cost-effectively and securely. The company is licensed by the Bank of Thailand and the Ministry of Finance, ensuring the reliability of its services. It also has an easy and convenient user-friendly process. However, the application may have credit limitations and occasional usage issues. Overall, DeeMoney is a service that meets the needs of those looking for cost-effective and secure international money transfers.

Frequently asked questions about DeeMoney

1. What is DeeMoney?
   DeeMoney is a Thai fintech specializing in international money transfers and foreign exchange. It is licensed by the Bank of Thailand and the Ministry of Finance, making its services secure and reliable.

2. Is DeeMoney good?
   DeeMoney offers fixed, transparent fees and competitive exchange rates, along with a simple and fast process. However, the app can sometimes have credit limits. Overall, it is a worthwhile and safe service.

3. What are the transfer fees with DeeMoney?
   DeeMoney has a fixed fee starting at only 125 baht per transaction (excluding VAT) with no hidden fees.

4. How long does it take to transfer money via DeeMoney?
   International money transfers via DeeMoney take approximately 1-2 business days, depending on the destination country.
   
   

5. Is DeeMoney safe?
   DeeMoney is regulated and licensed by the Bank of Thailand, ensuring that all money transfers and transactions are safe and secure.