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BANGKOK 20 February 2019 13:23
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Kasikorn Bank can't confirm UK pension comes from abroad?

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My apologies if this has already been picked up earlier in this thread.

 

I notice that transfers into my account are simply identified as "TRN" in my Kasikorn Bank book. However when i just now checked my account online via the KCyber online banking route, in the section "Account Management" /  "Statement Enquiry" foreign transfers made by me from my bank in the UK direct into my Kasikorn bank account is clearly visible as: "international Trade and Factoring Centre TFNXXXXXX. But my UK Government pension, which is paid directly into my account is identifeid as "Domestic Money Transfer BNTXXXX".

 

Would I be right in assuming that this is because my UK pension is paid into the Kasikorn Bank Head office and is then transferred onwards to my CM account (hence a "Domestic Money Transfer). Can I ask Kasikorn to identify the payment from now on as an International Payment?

 

By the way, 6 months accounts are available for copying.

 

Regards,

 

Joe

 

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12 minutes ago, Shoeless Joe said:

My apologies if this has already been picked up earlier in this thread.

 

I notice that transfers into my account are simply identified as "TRN" in my Kasikorn Bank book. However when i just now checked my account online via the KCyber online banking route, in the section "Account Management" /  "Statement Enquiry" foreign transfers made by me from my bank in the UK direct into my Kasikorn bank account is clearly visible as: "international Trade and Factoring Centre TFNXXXXXX. But my UK Government pension, which is paid directly into my account is identifeid as "Domestic Money Transfer BNTXXXX".

 

Would I be right in assuming that this is because my UK pension is paid into the Kasikorn Bank Head office and is then transferred onwards to my CM account (hence a "Domestic Money Transfer). Can I ask Kasikorn to identify the payment from now on as an International Payment?

 

By the way, 6 months accounts are available for copying.

 

Regards,

 

Joe

 

I think all foreign transfer come in through the Head Office so that will not be why.

 

Possibly the pension is being sent first to a different bank in Thailand which then transfers it to your bank. Can you check with the Office that sends the pension?

 

Others seem to have mentioned the same thing.

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Yes, OK and thanks.

 

I think that somewhere I might have the original paperwork from 6 or 7 years ago, when I first set up the transfer. I'll also check with the Pension Service and with Kasokorn bank. If I find out anything useful, I'll add it to this thread.

 

Regards,

 

Joe

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12 hours ago, HuskerDo said:

Would it make  sense to have two accounts? One used to receive the monthly transfer of 65,000 baht to use to report to TI and then have a second account that you transfer most of the money from acct one to for your daily use as needed? Then you just have to show the deposit activity from acct #1 each year for the extension. Would that make things easier? 

 

Yes i agree. I have decided to have my 800k in a Krungsri account (to get decent interest rates) and open a Bangkok Bank account to receive my 65k a month (hopefully showing it as from a foreign bank). So if there is any problem with immigration qualifying on either basis i have the other one to show them.

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7 minutes ago, oxmermaid said:

Kbank are in the process of informing Immigration of this fact and are also considering itemising the international transfers together with the bank balance into a single letter for you to include with your annual visa extension paperwork.

That could include TW and would be by far the best way I can see. :smile:

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20 minutes ago, oxmermaid said:

For those of you using Transferwise (TW) to transfer funds I have had two long conversations with Kbank.

Thanks for posting this, as a matter of interest who, or at least which department, were you talking to in Kasikorn?

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15 minutes ago, Henryford said:

Yes i agree. I have decided to have my 800k in a Krungsri account (to get decent interest rates) and open a Bangkok Bank account to receive my 65k a month (hopefully showing it as from a foreign bank). So if there is any problem with immigration qualifying on either basis i have the other one to show them.

Good idea Henry. I hadn't considered an account in two different banks but that would be the best situation and basically solve any situation with TI. Thanks for the idea!

 

Can I ask what country you are from? I only ask as the US govt requires us to notify them if we have $10,0000 (US) dollars overseas. I didn't know if all countries required that notification.

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12 hours ago, Sheryl said:

Possibly the pension is being sent first to a different bank in Thailand which then transfers it to your bank. Can you check with the Office that sends the pension?

I believe direct pensions payments from either government or private sector are first transferred into the Bank of Thailand, then distributed to your bank, which is why they show as local payments.

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theoldgit, I spoke to their FOREX department, obviously via the call centre, as language is a problem (My Thai and their English)

Edited by oxmermaid
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14 hours ago, Sheryl said:

Don't show the Credit Advice to Imm. Show them to your local branch and ask them to incorporate the transfer details into their letter. Then just show the 1 letter plus bank book to Imm.

Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app
 

Got it!

 

By the way, the new order clearly states a letter and 'bank statements', not bank book as previously requested.

Shoeless Joe stated his KK passbook shows international transfers as 'TRN' (local), but on his online bank statements it's shown as 'International', so perhaps Immigration were already aware of certain bank coding issues, hence the deliberate request for 'bank statements' as opposed to 'bank book'.

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26 minutes ago, oxmermaid said:

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 KBANK. If it is received by KBANK then the bank book/statement entry shows as  'INTERNATIONAL TRADE AND FACTORING CENTER TFNxxxxx' so that is good. If the transfer is through one of the other two banks then the cash book/statement entry show as 'DUMMY BRANCH MCL07206' and this at first sight is a problem.

 

Kbank told me that the 07206 means that the transfer originated from overseas. 

 

Kbank are in the process of informing Immigration of this fact and are also considering itemising the international transfers together with the bank balance into a single letter for you to include with your annual visa extension paperwork.

 

I am not holding my breath on this but I thought that I would let people in a similar situation know my take on things.

Codes from latest transfers with transferwise to Kbank

August: INTERNATIONAL TRADE AND FACTORING CENTER TFN05030

Sept: INTERNATIONAL TRADE AND FACTORING CENTER TFN05030

Okt: DUMMY BRANCH MCL07206

Nov:DUMMY BRANCH MCL07206

Dec: DUMMY BRANCH MCL07416

Sure they can see its international transfers, bud the coding is a mess.

 

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51 minutes ago, Henryford said:

Yes i agree. I have decided to have my 800k in a Krungsri account (to get decent interest rates) and open a Bangkok Bank account to receive my 65k a month (hopefully showing it as from a foreign bank). So if there is any problem with immigration qualifying on either basis i have the other one to show them.

I don't understand?... If you have the 800K already sitting in a Thai bank account why do you even bother with all the hoops needed for the 65K income method?...

Edited by sfokevin

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5 minutes ago, hansan5 said:

Codes from latest transfers with transferwise to Kbank

August: INTERNATIONAL TRADE AND FACTORING CENTER TFN05030

Sept: INTERNATIONAL TRADE AND FACTORING CENTER TFN05030

Okt: DUMMY BRANCH MCL07206

Nov:DUMMY BRANCH MCL07206

Dec: DUMMY BRANCH MCL07416

Sure they can see its international transfers, bud the coding is a mess.

 

Is that information shown in your KK passbook, or on 'bank statements'.

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