Pappap Posted January 8, 2019 Share Posted January 8, 2019 (edited) Have trawled through the multitude of pages on the requirements for UK Retirement yearly extension and other pages and could not find the answer so went into Kasikorn Bank 30mins ago, Krabi branch, and asked them to explain the code for the UK pension monthly income which is TRN on the right column and BNT on the left, and if they can confirm for TI that the monies came from abroad, said no the TRN is just a transfer, she phoned up head office, (I warble a little Thai enough to be polite) they confirmed no this is a transfer, poss from a clearing bank first...Soooo I also gather that Transfer wise gives the same problem, which leaves an option of send the pension to Barclays and then to here, costly on a monthly basis, or change to Bankok Bank which I believe has the needed codes and letter for TI, and use Transferwise, I have another pension and can combine the two and transfer at the same time to save costs. Anyone else have the same experience with K bank or any other suggestions, am using the combination method, have sufficient in the bank and sufficient income combined, been doing it for several years no problem, except a small one now, which I'm sure someone will help me with...happy new year.... Edited January 8, 2019 by Pappap 1 Link to comment Share on other sites More sharing options...
Popular Post luckyluke Posted January 8, 2019 Popular Post Share Posted January 8, 2019 Maybe, just maybe, banks will review their code system if a lot of Farang customers will move their account to the Bangkok Bank. On the other hand I am afraid we are not that important. 8 1 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted January 8, 2019 Popular Post Share Posted January 8, 2019 Bangkok bank show my UK pension as foreign transfer in to my savings account so no problem, just switch to be on the safe side 3 1 Link to comment Share on other sites More sharing options...
Popular Post Sheryl Posted January 8, 2019 Popular Post Share Posted January 8, 2019 I also use Kasikorn and have been getting letters form them confirming transfer of funds from abroad for years, ever since an IO required it of me for annual extension (apparently wrongly, but they did ,and to avoid problems I've just gotten it every year since). So I know the process. It is true that Kasikorn records all transfers, domestic and international in the same way and branch staff cannot tell the difference. However, the head office generates something called a "Credit Advice" that clearly shows the path the funds took, see example below. You can get a copy of the Credit Advances from the head office and also arrange to get them in future routinely, which you should do. Then when it comes time to get the letter from your branch, show them the Credit Advices and explain that you need that information included in the letter. Since these are official Kasikorn documents they will not have a problem accepting the info, but it may take a little discussion to explain what you need them to write. Once you get the letter keep a copy to show them the following year. I have done this every year for more than 15 years. Transferwise is a more complicated problem because they do not transfer directly to banks other than Bangkok Bank. So for people with accounts elsewhere, the money comes into Bangkok Bank in Thailand and from there is a domestic transfer to another Thai bank. So only Bangkok Bank would have the record of the funds origin. This is what a Kasikorn Credit Advice looks like: 8 7 Link to comment Share on other sites More sharing options...
Pappap Posted January 8, 2019 Author Share Posted January 8, 2019 11 hours ago, Sheryl said: I also use Kasikorn and have been getting letters form them confirming transfer of funds from abroad for years, ever since an IO required it of me for annual extension (apparently wrongly, but they did ,and to avoid problems I've just gotten it every year since). So I know the process. It is true that Kasikorn records all transfers, domestic and international in the same way and branch staff cannot tell the difference. However, the head office generates something called a "Credit Advice" that clearly shows the path the funds took, see example below. You can get a copy of the Credit Advances from the head office and also arrange to get them in future routinely, which you should do. Then when it comes time to get the letter from your branch, show them the Credit Advices and explain that you need that information included in the letter. Since these are official Kasikorn documents they will not have a problem accepting the info, but it may take a little discussion to explain what you need them to write. Once you get the letter keep a copy to show them the following year. I have done this every year for more than 15 years. Transferwise is a more complicated problem because they do not transfer directly to banks other than Bangkok Bank. So for people with accounts elsewhere, the money comes into Bangkok Bank in Thailand and from there is a domestic transfer to another Thai bank. So only Bangkok Bank would have the record of the funds origin. This is what a Kasikorn Credit Advice looks like: Thanks Sheryl, as I also need to trans the other pension seems it's going to be less hassle if I just change banks, but useful info if I don't...thanks 1 Link to comment Share on other sites More sharing options...
Thailand Posted January 8, 2019 Share Posted January 8, 2019 (edited) 42 minutes ago, Thailand said: Bangkok bank show my UK pension as foreign transfer in to my savings account so no problem, just switch to be on the safe side Hold on that. My pension transfers are shown as BTN, Bahtnet. This is a method of transferring funds between Branches or Banks throughout the country,so not useful. Telegraphic transfers from overseas show as FCT which indicate foreign currency transfers. My pension arrives in Thai Baht so maybe that is the problem. Only ever used the lump sum method but a combo may be useful May have to look at Sheryl's alternative. Will check with Bangkok Bank. More problems to resolve with the new changes in requirements. Edited January 8, 2019 by Thailand 1 Link to comment Share on other sites More sharing options...
Popular Post phutoie2 Posted January 8, 2019 Popular Post Share Posted January 8, 2019 the same on my Bangkok Bank savings passbook and has been for some time, ie BTN. Its because the pension administrators in the UK transfer my civil service pension to Citi Bank in Bangkok first and then it is moved across to my BKB account. When visiting the main Silom branch of BKB they asked why it could not be transferred directly to them. I did inquire once, but all too difficult, the pension admin send pensions to something like 74 countries and this is the way it is set up. 3 Link to comment Share on other sites More sharing options...
billd766 Posted January 8, 2019 Share Posted January 8, 2019 1 hour ago, Thailand said: Bangkok bank show my UK pension as foreign transfer in to my savings account so no problem, just switch to be on the safe side My nearest BKK branch is 65 km away in Khampaeng Phet so for me it is a small to medium problem. I also queried KBank yesterday about the transfer and they tell me it will take 3 working days for an answer. Link to comment Share on other sites More sharing options...
billd766 Posted January 8, 2019 Share Posted January 8, 2019 11 hours ago, Sheryl said: I also use Kasikorn and have been getting letters form them confirming transfer of funds from abroad for years, ever since an IO required it of me for annual extension (apparently wrongly, but they did ,and to avoid problems I've just gotten it every year since). So I know the process. It is true that Kasikorn records all transfers, domestic and international in the same way and branch staff cannot tell the difference. However, the head office generates something called a "Credit Advice" that clearly shows the path the funds took, see example below. You can get a copy of the Credit Advances from the head office and also arrange to get them in future routinely, which you should do. Then when it comes time to get the letter from your branch, show them the Credit Advices and explain that you need that information included in the letter. Since these are official Kasikorn documents they will not have a problem accepting the info, but it may take a little discussion to explain what you need them to write. Once you get the letter keep a copy to show them the following year. I have done this every year for more than 15 years. Transferwise is a more complicated problem because they do not transfer directly to banks other than Bangkok Bank. So for people with accounts elsewhere, the money comes into Bangkok Bank in Thailand and from there is a domestic transfer to another Thai bank. So only Bangkok Bank would have the record of the funds origin. This is what a Kasikorn Credit Advice looks like: Hi Sheryl How do I get the KBank head office to send me the credit advice. I make 3 transfers monthly. Link to comment Share on other sites More sharing options...
Sheryl Posted January 8, 2019 Share Posted January 8, 2019 12 minutes ago, billd766 said: Hi Sheryl How do I get the KBank head office to send me the credit advice. I make 3 transfers monthly. You have to call them. Have the details on hand (date of transfer and amount). in addition to asking for the ones you have already made, ask to receive them routinely, I think there is a form you have to submit. this will all work only if your transfers are direct to Kasikorn bank. It will not work if you use Transferwise or other service that first transfers to a different Thai Bank because in that case Kasikorn will not have been the one to issue the Credit Advice. 1 Link to comment Share on other sites More sharing options...
Pappap Posted January 8, 2019 Author Share Posted January 8, 2019 In that case it wont work for the Uk pension as that is transfered to a Thai Bank first as mentioned above, ummm Link to comment Share on other sites More sharing options...
Pappap Posted January 8, 2019 Author Share Posted January 8, 2019 Can anyone confirm that Transfer wise definitely shows up as a monies coming in from abroad? Link to comment Share on other sites More sharing options...
jacko45k Posted January 8, 2019 Share Posted January 8, 2019 3 minutes ago, Pappap said: Can anyone confirm that Transfer wise definitely shows up as a monies coming in from abroad? Are you asking about coming into Kasikorn or another Thai Bank? Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 Can anyone confirm that Transfer wise definitely shows up as a monies coming in from abroad?Transferwise does not come from abroad. It comes from a local Thai office in Baht to the local bank. 1 Link to comment Share on other sites More sharing options...
Pappap Posted January 8, 2019 Author Share Posted January 8, 2019 Sorry yes into Bangkok Bank. Link to comment Share on other sites More sharing options...
Mattd Posted January 8, 2019 Share Posted January 8, 2019 If the funds are sent from a foreign bank, then you could ask the sending bank to give you a copy of the MT103, this would show the details needed. Link to comment Share on other sites More sharing options...
jacko45k Posted January 8, 2019 Share Posted January 8, 2019 (edited) 15 minutes ago, Pappap said: Sorry yes into Bangkok Bank. I have read here on TV that yes, to Bangkok Bank Transferwise shows up as a FTT, or International transfer. Although one post suggested 2/12 transfers did not! Those odd ones may hurt an Extension application. It may also depend on origin. Edited January 8, 2019 by jacko45k attempt to clarify Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 Transferwise is not a foreign swift transfer. When you transfer pounds from the UK for instance they contact their local Thai office and they transfer baht to the local bank so how would that show up as money coming from abroad? That's why you don't get charged a transfer fee. That's why the TFW quote is exactly what is paid into your account. Link to comment Share on other sites More sharing options...
Pappap Posted January 8, 2019 Author Share Posted January 8, 2019 Bugger, seems the only safe way is from UK bank to Thai Bank monthly, that's a few baht lost per month!!! Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 https://transferwise.com/help/article/1779442/basic-information/how-does-it-work-a-video-guide 1 Link to comment Share on other sites More sharing options...
Popular Post scotsman Posted January 8, 2019 Popular Post Share Posted January 8, 2019 I use transferwise into my bangkok bank and it says on my statement International transfer. Regards Scotsman 1 2 Link to comment Share on other sites More sharing options...
KhunBENQ Posted January 8, 2019 Share Posted January 8, 2019 I have done three transfers with transferwise to my Bangkok Bank account in June, August and September. In the internet banking the one from June can't be looked up (older than 6 months). The latter two are shown as "international transfer". 24 Aug 2018 14:02 International Transfer 18,762.43 xxxxxxxxxxx AUTO 27 Sep 2018 14:05 International Transfer 38,003.45 xxxxxxxxxxx AUTO 2 Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 It seems that Bangkok Bank is the anomaly because it doesn't show up as international at Krungsri. Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 I just looked at the last TW transaction on my online account app for Krungsri Bank and it just says "transfer deposit nobook". Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted January 8, 2019 Popular Post Share Posted January 8, 2019 (edited) In the Bangkok Bank book the latter two appear as "FTT" which sounds good. (foreign telex transfer?) I just noticed that there are no book entries for March to August. A gap with +30000 Baht Update your book regularly! Otherwise you get a "CMB", combined book update with no details! Edited January 8, 2019 by KhunBENQ 1 2 Link to comment Share on other sites More sharing options...
jacko45k Posted January 8, 2019 Share Posted January 8, 2019 (edited) 5 minutes ago, KhunBENQ said: In the book the latter two appear as "FTT" which sounds good. (foreign telex transfer?) I just noticed that there are no book entries for March to August. A gap with +30000 Baht Update your book regularly! Otherwise you get a "CMB", combined book update with no details! Oh yes, I have a reminder 3 (plus a bit) months before extension renewal to update my book. That means when I do it for the extension I get a full 90 day listing. If people need to show every FTT deposit for each of 12 months that book may need dusting off more often. Edited January 8, 2019 by jacko45k 1 Link to comment Share on other sites More sharing options...
Andycoops Posted January 8, 2019 Share Posted January 8, 2019 Is there a statement from TI saying that the monthly income method used for extensions must come from a foreign overseas bank? In light of embassy letters now not being issued by the UK. Link to comment Share on other sites More sharing options...
trd Posted January 8, 2019 Share Posted January 8, 2019 Delete Link to comment Share on other sites More sharing options...
Popular Post ubonjoe Posted January 8, 2019 Popular Post Share Posted January 8, 2019 7 minutes ago, Andycoops said: Is there a statement from TI saying that the monthly income method used for extensions must come from a foreign overseas bank? In light of embassy letters now not being issued by the UK. Yes there is a change to a police order. From the long topic about it that was posted yesterday. 1 2 Link to comment Share on other sites More sharing options...
Popular Post scubascuba3 Posted January 8, 2019 Popular Post Share Posted January 8, 2019 Nightmare for the banks also to provide a letter, what happens if some say Intl some not, etc etc, irate falang, maybe they will charge for the extra hassle 3 Link to comment Share on other sites More sharing options...
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