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chang50

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Posts posted by chang50

  1. Posted

    4 hours ago, saengd said:

    Your UK pension will incur a receiving charge by Kasikorn in Thailand, typically under 500 baht, but only if the pension is received by them in a foreign currency. If your UK bank transfers THB to Thailand, there will be no receiving charge. The exchange rate is nearly always better in Thailand than it is in the UK, all fees considered. An exception to that rule appears to be the UK State Pension which can be converted to THB at a favorable rate.

    Thanks for the info.

  2. Posted

    50 minutes ago, Moonlover said:

    I can't speak for your private pension of course but I can tell you about the state pension. Yes it can be paid directly into a local bank account. It is handled by Citicorp and the exchange rates a quite favourable due to bulk handling. There is a small handling fee for the service. (2 or 3 GBP if I remember rightly)

     

    The receiving bank does not impose a charge. Also, contrary to earlier information, it can only be paid in local currency, not sterling. See website below for info.

     

    TransferWise has also been mentioned. This is an alternative method which I switched to about a year ago. You can have your pension(s) paid into an account with them and you arrange the transfer to suit you.

     

    I did some number crunching on this and there is little difference in the received sum between the 2 methods. This can be useful if you receive multiple pensions. (I have 3) All mine are paid into TransferWise and then I make one transfer a month. It's easier when it comes to presenting my monthly incomes to Immigration. See T/W website below.

     

    https://www.gov.uk/state-pension-if-you-retire-abroad

     

    https://transferwise.com

     

     

     

    Thank you I already use Transferwise i will look into that.

  3. Posted

    41 minutes ago, sandrabbit said:

    I bank with Kasikorn but I'm not of pensionable age yet but in the past if I sent money from a halifax account I would get charged in the UK plus <deleted> exchange rate then get charged by Kasikorn here as well. I use an fx company now and what I agree to contractually (when I press the go button on the computer) in UK is the what I would receive here. My friend before he died got his pensions sent here (can't remember which bank) and he would send it straight from his government pension in pounds to the bank here and I've heard a few others say to send it direct but in pounds, don't exchange it in the UK. I'm sure you will get better advice in the morning when people get up.

    Thanks.

  4. Posted

    Hi..I currently have a UK company pension paid into a UK Bank which I am thinking about having paid into my Kasikorn account.Will I incur any charges here in Thailand from Kasikorn for this service?Also for when I qualify in a couple of years does anyone know if a UK state pension paid into Kasikorn incurs charges also?Thanks.

  8. Posted

    9 minutes ago, sanemax said:

    How was the Brexit vote responsible for the strength of the Thai Baht , baring in mind that the Thai Baht has been one of the worlds best performing  currencies over the last few years ?

    I did say mostly and I stand by that..I watched aghast in 2016 after the collective madness was tallied as the pound slid from 51 to 45 baht in a few short hours.Why won't Brexiteers own what they did especially as it was all too predictable?

    • Like 3

  12. Posted

    Thinking ahead I will need to renew my UK passport in Bangkok next year and my only UK card is a NW debit card.Hopefully procedures will be clearer by then but still a worry.I've heard it is possible for a friend or agent (for a fee) to use their UK card to pay on your behalf is this correct?

  13. Posted

    23 hours ago, Moonlover said:

    In what way did NBS screw up your remittances to TransferWise? I've been using this method for almost a year now. 22 transfers, all perfect.

     

    This morning I tried twice unsuccessfully to remit to transferwise the only thing I did differently was choose the new 'open banking' option.Each time 'invalid account' came up as I tried to log in.I have contacted  Nationwide via secure message about this and await their reply..

  14. Posted

    41 minutes ago, Moonlover said:

    Ok folks. Regarding OTPs via SMS. Nationwide have been very helpful today and I've received an answer to queries that have been aired. And this it:

     

    ''At this moment in time, Visa aren't able to send these out to overseas numbers. The current solution is to give us call, either on 0800 30 20 11 or on +44 1793 656 789 if abroad, if you are asked for an authorisation code for an online purchase and you do not receive the text.

     

    Please rest assured, we are developing other methods to combat this which we plan to release in due course, such as a code being sent via secure message, or using your card reader code as authorisation.

     

    If there is anything else I can help you with today, Peter, please do let me know by replying to this message and I'll be more than happy to help''.

    Kind regards,

     

    I also received this from the credit card administration with regards to on-line transactions.

     

    However, the ‘OTP’ is generated by Verified by Visa as a part of their security measures in the real time and that ‘One Time Passcode’ can and will be delivered to a U.K. registered mobile number only. We are very sorry for the fact that you were not made aware of this in our earlier reply. Please provide a U.K. based mobile number if you wish to be receiving the ‘OTP’ otherwise just confirm the amount of the transaction along with the name of the merchant and we can bypass the ‘OTP’ stage of the transaction.

     

    So there you have from the horses mouth, so to speak.

    Thanks for that useful info.

     

    • Thanks 1

  15. Posted

    31 minutes ago, steve73 said:

    They may not let you renew any credit cards you may have with them unless you have a UK address.. if you change back you'll need to be there for minimum 12 months - that was why I changed my address with them from T/L back to UK, although never needed to actually use the CC (but it's nice to have, and essential to hire a car in the UK, afaik).

    Thanks but I don't have any credit cards just a debit card.

  16. Posted

    5 minutes ago, lelapin said:

    I think I will also do that next month. Please post if you have a problem.

    I changed my address online with a card reader after asking via the message section.Originally they said my Thai mobile seemed incorrect presumably as it didn't match my UK address and home telephone number.I will keep TV posted of course.

     

  17. Posted

    On ‎4‎/‎15‎/‎2019 at 7:45 PM, steve73 said:

    They are quite happy for me to register my Thai mobile number as BOTH home number and mobile number.

    I've just updated my "home" number as I was previously using a relatives home number (which is still the address I've registered with them).

    I have also registered my Thai mobile number as both home and mobile but have changed my address to my Thai address.No problems so far.,fingers crossed.

    • Like 1

  18. Posted

    2 minutes ago, JohnnyBD said:

    Thanks... that is understood. So, people who don't have the 800k in Thai bank or 65k in income are more likely going back to the US for the O-A visa. Whereas, those with the 800k can just get the extra 1 year stay by paying the 1,900 THB at immigration and doing the normal 1 year extension of stay. rather than making a border run...

    Only if they are from the US..

  20. Posted

    On ‎3‎/‎1‎/‎2019 at 10:31 AM, lelapin said:

    Because they have indicated they are tightening up their internet security and will be asking a/c holders in the near future for new evidence of home address

    Hi would you mind please telling us the source of this information?This has implications for me as when I went to report in branch I was moving abroad in 2007 I was told I should keep a UK address because they did not send new cards abroad.I did this with the help of a relative.There have been no problems since.I have acted in good faith on the advice given to me but now I am worried if I tried to change my address to my home in Thailand they will find some reason to close my account..thanks for any info/ advice you or other posters can provide.

  21. Posted · Edited by chang50
    more details

    16 minutes ago, bouph12 said:

    Is this a recent thing?

    I ask because the last 2 Nationwide visa debit cards (2011 and 2016) I've had have been sent to the thai address I am registered at with Nationwide.

    The one I'm using now was not able to be activated until I called their Fraud Operations team to confirm the card's safe arrival.

    2007..not sure whether to report a change of address or not do they need proof address?

  24. Posted

    1 minute ago, thaiguzzi said:

    I last paid NI in 2003.

    In total i reckon i have paid 17, max 18 years NI.

    What would i expect to get as a minimum state pension when i hit pensioner age in about 10 years?

    Impossible to estimate you should create a government gateway account online for an estimate and what you can do to improve it.

     

    • Like 2

  25. Posted

    17 minutes ago, Mike Teavee said:

    If you've missed previously years why not catch them up (Can do up to the previous 6 Tax Years plus they might let you do the 18/19 Tax Year if you apply now)

     

    Did you ask about paying Class 2?

     

    The first year that will improve my estimate is 2016-17 which I will pay hopefully this year.I do not qualify for Class 2 contributions as I was not working when I left the UK.

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