Jump to content

Kasikorn Bank can't confirm UK pension comes from abroad?


Recommended Posts

  • Replies 379
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

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 di

For those of you using Transferwise (TW) to transfer funds I have had two long conversations with Kbank.   The transfers will be placed in one of 3 TW Thai bank affilaites namely BBL, TMB or

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.

Posted Images

4 minutes ago, SooKee said:

Which attachment are you referring to? It seems like there are being things suggested that folks haven't tried, regardless of how bright the suggestion seem. I asked in Bangkok Bank today in respect of a transaction I know had been routed through them on it's way to me at Kasikorn. Blank looks and no can do.

 

 

Did you bring a packet of som tom with you?

 

Link to post
Share on other sites
22 minutes ago, farangx said:

Did you bring a packet of som tom with you?

 

 

Ridiculous comment aside, Transferwise will have a PDF receipt you as the customer can access. The recieving Bank may also be able to provide a credit advice IF you and your bank received the funds directly from overseas. Not via transferwise UNLESS it credits as International or unless you Bank with BKK Bank. Having asked at Bangkok Bank today, in respect of a transaction where they were the intermediary bank, I do not believe they (or other intermediary banks in the TW payment chain) will provide you (not being their customer) of details of a transaction made by a company that is their customer, or at least with whom they have an arrangement. Maybe others can try, preferably folks using Transferwise, rather than just theorising about it. 

 

If you are talking about the Credit Advice slip attachment from way back, that document is totally irrelevant to this particular issue, e.g. getting details from an intermediary bank that a company uses to route a deposit to you.  If you can get the credit advice from your bank, you will have no need to scratching around chasing intermediaries anyway.  When I was talking about the bank that receives the money (being in response to a post about exactly that issue!) not being prepared to give you the information I was addressing the point that was being discussed, the intermediary bank, not the recipient bank.

 

Maybe it's you that didn't read or understand!

 


Posted using Tapatalk

 

 

 

Edited by SooKee
  • Like 2
Link to post
Share on other sites

 

 

 

 

I've skipped a few pages ...But just for info Krungsi FCD account statement shows a code of SWF (SWIFT DEPOSIT) against the credit column entry of SWIFT transfers from the Halifax in the U.K. (£9.50ish a transfer, Krungsi charge 1% (minimum 500 baht) per deposit. If they could print off the last 12 months statements (in case a statement goes a stray in the post), would clearly show deposits.

No passbooks for IO to look at though, requirement does say "statement"

 

 

Krungsri FCD charges a "maximum" of 500 baht for inward sterling, not a minimum as you stated. It's actually 0.25% or 500 baht max and 200 baht minimum. You are confusing a swift transfer with deposit of foreign notes which is as you stated.

 

https://www.krungsri.com/bank/getmedia/0bde49d6-4b2f-440e-aab6-c75f59261f98/deposit-withdrawal-fees-for-foreigner-en.pdf

  • Like 1
Link to post
Share on other sites
1 hour ago, SooKee said:

 

 


Trouble is I've had TW send funds to Kasikorn where Kasikorn was the business partner they used. Still shows up as 'Local Transfer'.

The key seems to be method they use to send the funds, SWIFT or not, not the banking partner. For me at least, comparing my only two transactions that show as IFTC, they were both sent by SWIFT. Unless someone other than BKK Bank customers have transactions showing as IFTC / International where SWIFT was not used.


Posted using Tapatalk

 

I've had TW use SWIFT via TMB to my Kbank - that were "Dummys"

I've had them use local bank transfer via Kbank - some were "intl" but more recently they've been "dummy".

And I've had them use local bank transfer via BBL, that were all "dummy".

 

There seem to be no regular logic.

 

Could perhaps do a "test" transfer with TW of say 10 GBP, and if it shows up as "Intl", then make a full 65k transfer (and hope it's still the same), otherwise make the payment using SWIFT direct from your own bank.. (I've compared a 1600GBP Swift Transfer for Nationwide to Kbank as around 1200-1500 bt more than using TW, assuming Kbank's rate doesn't change when the GBP arrives).

  • Like 1
Link to post
Share on other sites
1 hour ago, SooKee said:

 

Ridiculous comment aside, Transferwise will have a PDF receipt you as the customer can access. The recieving Bank may also be able to provide a credit advice IF you and your bank received the funds directly from overseas. Not via transferwise UNLESS it credits as International or unless you Bank with BKK Bank. Having asked at Bangkok Bank today, in respect of a transaction where they were the intermediary bank, I do not believe they (or other intermediary banks in the TW payment chain) will provide you (not being their customer) of details of a transaction made by a company that is their customer, or at least with whom they have an arrangement. Maybe others can try, preferably folks using Transferwise, rather than just theorising about it. 

 

If you are talking about the Credit Advice slip attachment from way back, that document is totally irrelevant to this particular issue, e.g. getting details from an intermediary bank that a company uses to route a deposit to you.  If you can get the credit advice from your bank, you will have no need to scratching around chasing intermediaries anyway.  When I was talking about the bank that receives the money (being in response to a post about exactly that issue!) not being prepared to give you the information I was addressing the point that was being discussed, the intermediary bank, not the recipient bank.

 

Maybe it's you that didn't read or understand!

 

Long story short, my bank can tell me which bank credited money into my account, period.  This was already mentioned by others I believe.

 

 

Edited by farangx
Link to post
Share on other sites
4 hours ago, johnwf1963 said:

I've skipped a few pages ...

But just for info Krungsi FCD account statement shows a code of SWF (SWIFT DEPOSIT) against the credit column entry of SWIFT transfers from the Halifax in the U.K. (£9.50ish a transfer, Krungsi charge 1% (minimum 500 baht) per deposit. If they could print off the last 12 months statements (in case a statement goes a stray in the post), would clearly show deposits.

No passbooks for IO to look at though, requirement does say "statement"

As I have been saying the only guaranteed way is to pay the higher fee and use a SWIFT transfer (UK bank to Thai bank) it will always show as an international transfer, however if it is payed into a FCD account that is not acceptable for some offices, they require a Baht account. So the FCD in some offices is OK but not all.

 

TW is cheap but you would be ill advised to rely on it unless you like micromanaging your account and are prepared to make a SWIFT transfer anytime the monthly TW transfer shows as local. But hey! People are retired and have nothing better to do, no?

  • Like 1
Link to post
Share on other sites
4 hours ago, scubascuba3 said:

We need lots of guinea pigs going down Immigration with there mix of Intl and domestic transfers and report back what happened. Until then its all the same stuff

Will they want to report that they were refused as not having the required documentation?

Link to post
Share on other sites
13 minutes ago, Benroon said:

STATEMENT FROM TRANSFERWISE

 

<snip the rest> ....

 

No surprises here.

 

All that is left is convince TI with the PDF yourself.

 

Edited by farangx
  • Like 1
Link to post
Share on other sites
STATEMENT FROM TRANSFERWISE
 
I fired off an email to them (pointing them here as well) and they replied with this :-
 

Unfortunately, as it is with your inquire, I’m afraid at the moment we don’t have any means to mark the transfers as international transfers.

We pay out funds via domestic clearing systems – this is how we can be faster and cheaper than most other services.

However, we do provide for each of our transfer a PDF transfer receipt. This shows the details of the transfer and serves as an official confirmation and Proof of Payment.

The Transfer Receipt shows all the relevant details of the transfer – that is, it shows that transfer came from the UK (or other country, respectively) and also shows how many GBP (or other currency) was paid in.
Moreover, it shows that the payment method is ‘SWIFT’ which denotes the fact that it way an international payment, coming from outside Thailand.

We won’t be able to speak in the name of the immigration office, but this document is an official proof that shows the origin of the funds and the fact that it was sent from outside of Thailand. If they are somewhat flexible on accepting this as proof instead of your Bank statement, then this document should suffice them.

I will also pass on your feedback to our relevant team to see if there’s anything from our side we could do to improve this situation.

Please be kindly advised to double-check it with the immigration office, if they accept alternative proofs to prove that the funds are coming from abroad. I’m attaching the PDF receipt to this email.
You can also download them for yourself from your account. Just go to Activity > Click on the transfer > View transfer details > Download PDF receipt.

I can't see an option to download a PDF receipt, not on the android app anyway. Maybe it only works on Windows when connecting through the browser.
Link to post
Share on other sites
1 hour ago, jacko45k said:

Well considering the release from TI says specifically that the evidence required is 'bank statement showing money transfer from overseas every month for past 12 months' not bits of paper from Transferwise or other intermediary banks, there is a lot of superfluous waffle in this thread. 

 

I am perplexed that if TW + Kasikorn doesn't fit the requirements people are trying to create their own idea of what will satisfy the authorities, rather than seeking more accurate alternatives.

Do try and keep up 🙄  The issue being discussed is what to do when the myriad of transfer options, coupled with the different codings used by banks for showing the status of a transfer don't on the face of it fit the requirements with ease.  I'm confident that my transfers will show, others have more concern, and, being a discussion forum, are choosing to discuss it.  If that perplexes you - tough!

 

As to what documentation might be accepted by the authorities (who have the ability to examine anything they see fit beyond what the regulations say), being new regulations, nobody, and that includes you, knows for sure yet and won't until people start going to Immigration to apply using the new regs.

Edited by SooKee
  • Like 1
  • Thanks 1
Link to post
Share on other sites
9 hours ago, farangx said:

Long story short, my bank can tell me which bank credited money into my account, period.  This was already mentioned by others I believe.

 

 

 

Any bank can.  The point that was actually being discussed above is when using Transferwise and proving the source of your funds for TI extensions under the new regulations.  Unless you are with Bangkok Bank (and even then there is no 100% guarantee) a TW transfer is highly likely to come from a bank within Thailand (e.g. a local transfer) and therefore will NOT show up in a statement or any other document that the bank can produce as a transfer from overseas, as far as the receiving bank is concerned, it wasn't.  So it was suggested by others that folks might be able to track back to the next bank in the chain to get details of the international nature of the transfer.  From speaking to Bangkok Bank, not gonna happen.  Is that clear enough now? 

Edited by SooKee
  • Like 2
Link to post
Share on other sites
16 minutes ago, SooKee said:

Do try and keep up 🙄  The issue being discussed is what to do when the myriad of transfer options, coupled with the different codings used by banks for showing the status of a transfer don't on the face of it fit the requirements with ease.  I'm confident that my transfers will show, others have more concern, and, being a discussion forum, are choosing to discuss it.  If that perplexes you - tough!

Wake up and smell the roses. The objective I presume is getting an extension from Immigration, not simply transferring money, there isn't an issue there! The regulation as released is the important factor and I have reiterated that. If you want to waffle on about pestering intermediary banks to no purpose be my guest!

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...