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BANGKOK 23 February 2019 02:05
JTXR

Experiences with Transferwise?

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6 minutes ago, scubascuba3 said:

Did we get a conclusion whether immigration will accept ALL Transferwise transfers as Intl payments?

No idea, but my TEST transfer to BBL definitely showed up as an International Transfer.

 

But what Immigration wants seems to be different day by day 😒

Edited by MJCM

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No idea, but my TEST transfer to BBL definitely showed up as an International Transfer.
 
But what Immigration wants seems to be different day by day
 
I think we have to wait till the first couple of months of 2020 before we can get confirmation on this (unfortunately)
You too also have difficulty in understanding. Immigration wants a bank letter! It is for your bank to recognize an international transfer and convey that information in a letter to immigration. Immigration isn't interested in looking at bank codes only a letter from the bank.
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8 minutes ago, trd said:
12 minutes ago, MJCM said:
No idea, but my TEST transfer to BBL definitely showed up as an International Transfer.
 
But what Immigration wants seems to be different day by day emoji19.png
 
I think we have to wait till the first couple of months of 2020 before we can get confirmation on this (unfortunately)

You too also have difficulty in understanding. Immigration wants a bank letter! It is for your bank to recognize an international transfer and convey that information in a letter to immigration. Immigration isn't interested in looking at bank codes only a letter from the bank.

I have no need for transferring money month by Month as I use the MONEY in the Bank for a couple of years already.

 

And Honestly I didn't follow the threads on this because of the remarks made by some members and IF you read my POST again, I deleted MY LAST REMARK BEFORE you posted YOURS !!

 

Edit: Now I know why I stopped posting on TV. (I am out of here) Good Luck Guys.

Edited by MJCM
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Just now, trd said:
2 minutes ago, MJCM said:
And maybe you noticed that Immigration will want to see evidence of transfers to a Bank account every month over a 12 month period. Living in present yes, but how about dealing with immigration in 1 year if you don't act accordingly today ??

Then I suggest you speak to your bank today about your statement.

I have no need for that, because I use MONEY in the BANK 😉

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I've been using Transferwise for a couple of years.  No problems and very easy to use.  Low charges and good exchange rate.  I tried other currency transfer companies and Transferwise always won.

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13 minutes ago, rayfork said:

I've been using Transferwise for a couple of years.  No problems and very easy to use.  Low charges and good exchange rate.  I tried other currency transfer companies and Transferwise always won.

Have your TransferWise transfers consistently been shown as “International Transfers” on your Thai bank statement?

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How many times does this have to be said? Immigration aren't involved in acceptance or non-acceptance. They accept the bank letter!! It is for the bank to agree this and if they do they prepare a letter and statement for immigration. Do you appreciate the difference?
How long will it take you to understand that there are many banks and will be many different interpretations of what's acceptable and thats where Immigration should take a lead as they set the rules. Anyway we don't need your help, thanks but no thanks

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44 minutes ago, sfokevin said:
58 minutes ago, rayfork said:

I've been using Transferwise for a couple of years.  No problems and very easy to use.  Low charges and good exchange rate.  I tried other currency transfer companies and Transferwise always won.

 

45 minutes ago, sfokevin said:

Have your TransferWise transfers consistently been shown as “International Transfers” on your Thai bank statement?

It is for the bank to establish whether a deposit is an international one or not and I'm sure they will have their methods. In the case of T/W the customer can, if he wishes, produce the T/W transaction slips and provide the proof himself.

 

By the way, are you aware that many direct pension deposits from overseas also show up as domestic deposits. There are quite a few hoops to jump through before this new system settles down and I think many folk are in danger of 'over thinking' and seeing problems before they even arise.

 

How does the saying go?

 

'If you have a problem and you know the fix, you don't have a problem'.

 

'If you have a problem and you don't know the fix, worrying about won't make any difference'.

 

Something like that.

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Bangkok Bank always shows my transfer Sweden-Thailand as "International transfer"

 

glegolo

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Some off topic bickering and flaming posts have been removed, also replies

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Not read this whole thread, but merely "FYI"

I'm a relative Newbie to TW having only made 2 transfers from my UK bank to my SCB account, the latest Jan 3rd - see below.

SCB showed both of them in similar format, with no obvious proof that they came from outside Thailand.

 

image.png.f2f112c5fa4de115219af485809ebc72.png

 

I believe but do NOT know, that is because TW send the money to Bangkok Bank, who in turn send it to SCB. So the final transfer is actually internal not international.

 

For me, TW is brilliant - that transfer took less than a day, I got a much better rate and although the fee was slightly higher than my bank would have charged, overall I saved a bundle. See my other posting here 

 

Edited by VBF
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14 hours ago, VBF said:

Not read this whole thread, but merely "FYI"

I'm a relative Newbie to TW having only made 2 transfers from my UK bank to my SCB account, the latest Jan 3rd - see below.

SCB showed both of them in similar format, with no obvious proof that they came from outside Thailand.

 

image.png.f2f112c5fa4de115219af485809ebc72.png

 

I believe but do NOT know, that is because TW send the money to Bangkok Bank, who in turn send it to SCB. So the final transfer is actually internal not international.

 

For me, TW is brilliant - that transfer took less than a day, I got a much better rate and although the fee was slightly higher than my bank would have charged, overall I saved a bundle. See my other posting here 

 

You're right about your assertion that the final leg of your transfer is a domestic one, often via Bangkok Bank, but also others.

 

A simple way to prove that it is a foreign deposit is to download the transaction slip that is produced with every T/W transfer.

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A simple way to prove that it is a foreign deposit is to download the transaction slip that is produced with every T/W transfer.


and the banks will accept that for the immigration letter?

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10 minutes ago, scubascuba3 said:


 

 


and the banks will accept that for the immigration letter?

 

I doubt if anyone has tried yet, or whether they will need to. The banks may have their own method.

 

I'm saving mine anyway, just as a backup.

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3 hours ago, Moonlover said:

You're right about your assertion that the final leg of your transfer is a domestic one, often via Bangkok Bank, but also others.

 

A simple way to prove that it is a foreign deposit is to download the transaction slip that is produced with every T/W transfer.

Logically that does show the nature of the transfer.

Just looked at mine - I'm not posting it because of all the personal information in it, (obviously) but it would require it to be examined alongside the bank book for other people (eg Immigration) to correlate the transfers and receipts. It's also in English and for those people needing to show monthly receipts, there would be 12 of them when they went to Immigration for their annual extension.

I'm in the fortunate position that I'm not affected by that requirement but just my 2 Satangs worth. 🤔

 

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