Jump to content

Somewhere In Time

Member
  • Posts

    71
  • Joined

  • Last visited

Everything posted by Somewhere In Time

  1. TallGuyJohnny, lopburi3, et al - From personal experience, here are some data points on CW here in BKK. I have submitted 90-Day online reports to CW since they went live with their new website in December 2021. Generally, a very efficient process. My online report submissions to CW have always been on the first day eligible upon receiving their email reminder (i.e., 15 days prior). In 2022, I submitted five 90-Day online reports to CW and received approval the next day in 4 of those 5 online submissions. The exception was in Jul22, where it took 5 days to receive approval. In 2023, I have submitted four 90-Day online reports to CW. In Mar23, approval was received the next day after my online submission. In May23, approval was received 4 days after my online submission. In Jul23, approval was received 11 days after my online submission. On October 13th, I submitted my latest 90-Day report online to CW. Today, October 25th, I received approval 12 days after my online submission. Although taking much longer these past several months, the approvals do continue to arrive before report expiration(s). SIT
  2. Pib, Lexilis (& others), As I've been monitoring this thread for some time now -- and had back-and-forth discussions with Bangkok Bank New York Branch (BBNY) a few years ago when they were directed to stop accepting USA domestic ACH transfers to BBNY for further routing to our Bangkok Bank accounts here in the Kingdom (because of the non-IAT format issue) -- curiosity finally won out. This week, I initialized a test transfer from my Wise "Borderless" (...or whatever they call it this week) USD account to my Bangkok Bank account here in the Kingdom via BBNY. The Result: A successful International Transfer with associated FTT passbook coding. Some items of interest to consider with Wise. When setting up a new Wise recipient, I set up the recipient as: (1) a USD Account (recipient); (2) for the recipient's 'Account Holder Name', I used my name exactly as it is shown on my Bangkok Bank passbook; (3) for the 'Recipient Type', I selected "Private"; (4) for the 'ACH Routing number', I used 026008691; (5) for the 'Account Number', I used my Bangkok Bank account number; (6) for 'Account Type', I designated it as a savings account; and (7) for the recipient's address, I used my current Thailand address (which matches the address Bangkok Bank has on record for my account). (All Thailand Time): I initiated the Wise transfer at 13:46 PM on Tuesday, November 16th, and received the SMS from Bangkok Bank at 09:12 AM this morning, Thursday, November 18th alerting me of an international deposit of funds from abroad into my account. My test transfer was for $19.49 USD (Wise takes a 0.51 fee out for ACH transfers, in this instance from my $20 test transfer). So, Wise sent $19.49 to BBNY (no fee was sliced off there because my transfer was under $50 USD). BBNY relayed $19.49 to my in-Thailand Bangkok Bank account, where Bangkok Bank's TT Buying Rate this morning at 08:30 AM of 32.48 was used. 32.48 times 19.49 equals 633.04. Now time to apply the in-Thailand receiving fee....0.25% times 633.0352 equals Bt1.58, which is below the Bt200 minimum fee, therefore, Bt200 was subtracted from the 633.04 -- which resulted in Bt433.04 posted to my account as an international transfer. When an 'International Transfer' designation is desired/required, we now have another transfer tool for use. Nice. SIT
×
×
  • Create New...