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BANGKOK 18 April 2019 21:19
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Kasikorn Bank can't confirm UK pension comes from abroad?

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2 minutes ago, Sheryl said:

Is that really what it is? I thought it was some sort of instruction specific to banks.

Yes it is. The bank letter will be about the same one they already do for the money in the bank option. It will just confirm your account is valid.

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3 hours ago, Suradit69 said:

Since the title of this thread includes "UK Pensions" you're not likely to get many people reading your post who are "in the US using a credit union."

 

Start a new thread in the Home Country forum mentioning US Credit Unions.

 

Also reread what you wrote before re-posting. Things like "then transfer down hall" or  "Changing Government deposit plans takes both directions," don't make a lot of sense even in context.

 

Ask your credit union if they can do ACH transfers in the IAT format. Not likely, but if they can, then open a Bangkok Bank account in Thailand and have your credit union send deposits to the New York branch of Bangkok Bank. 

https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Into-Thailand/Transfer-money-from-US-to-Thailand-via-Bangkok-Bank-NewYork-branch

My CU will not send to BB in NYC, but sending money to BB in NYC then they move to BB in Thailand ends Apr. 1.

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And to confirm Ksikorns reply to my email enquiry mentioned in another thread, which is now closed, I have just received this.

 

"Anyhow, from a primary checking we would like to inform you that the Teller MCLxxxx are unable to issue a credit advice due to the systems is define that the transaction has made from a the local channels not an international transaction.
 
Therefore, we do suggest you to contact the sender bank and request for the MT 103 or the transaction evidence by yourself directly. truly apologize for the inconvenience caused."

 

So the choice is either to not use Transferwise when sending money from the UK to Kasikorn bank, rather use SWIFT direct from the UK bank to Kasikorn, or else if using Transferwise it will need to be sent to your Bangkok Bank account (if you have one) in order that the yearly Bank Statement as required by the TI, lists the transactions as International Transfers.

 

No idea why the fonts change !!!

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44 minutes ago, DPKANKAN said:

If you go into your Kasikorn online account under account management, statement enquiry, service channel heading the income shows up as an INTERNATIONAL TRADE AND FACTORING CENTRE action with a transaction reference number.

That is useful to know, I never noticed the "Description of service channel " tab.

 

But (1) it goes back only 6 months.  So one would have to remember to download it at the half year mark.  (2) Despite this, local branch staff state they are unable to access information on source of transfers.  (3) Are you sure Imm will accept a print out of your online statement? They seem to want to see bank book, not print out statement.

 

I'm having trouble understanding why the strong objection to having the same bank letter that confirms the account and its balance confirm that the transfers came from abroad. I've been doing exactly that for 15 years and my IO has been happy with it.

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9 minutes ago, ubonjoe said:

Yes it is. The bank letter will be about the same one they already do for the money in the bank option. It will just confirm your account is valid.

And you feel certain there is no need for this letter to confirm funds came from abroad? Even in  cases where the bank book does not contain that information?

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Kasikorn Bank was set up for Thai farmers, so their expertise extends barely a few muddy paces from the rice fields. 

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11 minutes ago, Sheryl said:

And you feel certain there is no need for this letter to confirm funds came from abroad? Even in  cases where the bank book does not contain that information?

If the bank book does not show it they may be able to confirm it in some way. I wonder if a bank statement will show it. Immigrations requirement is for it to certify your account not that it came from abroad.

All my transfers to Bangkok Bank show a FTT code and the online printout shows international transfer.

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14 hours ago, sometimewoodworker said:

The statement with notes means that you/your bank/your IO has no need to bother about the codes as each entry has an explanation of where it came from or where it went (last 4 digits of the account number + account holders name)

 

so the statment  is the primary proof of international transfers

 

i have several statements with notes that contain too much personal data to post, even redacted but I can post the headings 

 

online request

IMG_6270.PNG.ee4290f0d60db1974072554c22fca7cd.PNG

 

Used at immigration 

IMG_6271.PNG.2a3c2ef70ce81086dc64973a38c6b409.PNG

Is this from Kasikorn Bank?

 

As banks are nto identical in what they provide.

 

Statements I have gotten from Kasikorn do not contain language that clearly identify source of foreign transfers. And they do contain many codes.

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10 minutes ago, Sheryl said:

And you feel certain there is no need for this letter to confirm funds came from abroad? Even in  cases where the bank book does not contain that information?

But for an extension based on marriage it clearly states in the translation published that these funds must originate outside Thailand so hence be listed on a statement as an international transfer. Or did I and others misread it somehow ?

 

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3 minutes ago, ubonjoe said:

If the bank book does not show it they may be able to confirm it in some way. I wonder if a bank statement will show it. Immigrations requirement is for it to certify your account not that it came from abroad.

All my transfers to Bangkok Bank show a FTT code and the online printout shows international transfer.

If you go to my recent post no 123 above you will see exactly what Kasikorn's response was to me this morning on the matter.

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6 minutes ago, ubonjoe said:

If the bank book does not show it they may be able to confirm it in some way. I wonder if a bank statement will show it. Immigrations requirement is for it certify you account not that it came from abroad.

All my transfers to Bangkok Bank show a FTT code and the online printout shows international transfer.

Understood, but the whole point of this thread is that banks differ in this regard. Soem do nto identify foreign vs domestic transfers in the pass book nor ordinary printout statements. And i nthe case of TW the transfer in fact comes in doemstically.

 

A bank can confirm that funds originated abroad  (though the account holder may have to supply some documentation to them first).

 

But Iif that information ios not contained in the passbook or statement then I do not see how they would then convey this to immigration except via a letter from the bank, either separate letter or included as a short paragraph in the same letter that confirms the account.

 

And that is what I have successfully done for many years when my IO required proof of origin of the funds.

 

I'm not sure what the objection is to this? My IO has been fine with it (4 separate Imm offices over the years, including in the past Bangkok.)

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25 minutes ago, geoffbezoz said:

And to confirm Ksikorns reply to my email enquiry mentioned in another thread, which is now closed, I have just received this.

 

"Anyhow, from a primary checking we would like to inform you that the Teller MCLxxxx are unable to issue a credit advice due to the systems is define that the transaction has made from a the local channels not an international transaction.
 
Therefore, we do suggest you to contact the sender bank and request for the MT 103 or the transaction evidence by yourself directly. truly apologize for the inconvenience caused."

 

So the choice is either to not use Transferwise when sending money from the UK to Kasikorn bank, rather use SWIFT direct from the UK bank to Kasikorn, or else if using Transferwise it will need to be sent to your Bangkok Bank account (if you have one) in order that the yearly Bank Statement as required by the TI, lists the transactions as International Transfers.

 

No idea why the fonts change !!!
 

From another poster's response from TW it appears that even having your account at Bangkok Bank will not always work as they sometimes use TMB and Kasikorn rather than Bkk Bank to send funds to intitially.

 

Someone should contact TW to see if it is possible when making a transfer to request which of these 3 institutions is used.  If it is possiblefor Kasikorn bank users to have TW transfer direct to Kasikorn, problem solved.

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5 minutes ago, Sheryl said:

They can confirm it (though the account holder may have to supply some documentation to them first).

 

But I do not see how they would then convey this to immigration except via a letter from the bank, either separate letter or included as a short paragraph in the same letter that confirms the account.

I agree that immigration should accept the confirmation that the transfers came from abroad in the letter from the bank if the bank will do it.

I will be able to show immigration my bank book and the online print out showing the transfers going back for 12 months.

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1 minute ago, Sheryl said:

From another poster's response from TW it appears that even having your account at Bangkok Bank will not always work as they sometimes use TMB and Kasikorn rather than Bkk Bank to send funds to intitially.

 

Someone should contact TW to see if it is possible when making a transfer to request which of these 3 institutions is used.  If it is possiblefor Kasikorn bank users to have TW transfer direct to Kasikorn, problem solved.

In another thread I read yesterday they have been contacted already and they advised that they use 3 banks for the transfers. TMB, BKK and one another that I can not remember.  The understanding being that it appears not to be able to be requested as to which one they transfer initially to in Thailand. I did a test transfer Monday from the UK to my BKK bank and it was indeed listed as an international transfer but the impressions elsewhere then as you said even that could change. A complete mess if you ask me as previously for a marriage extension, when income was confirmed by the embassy, there was no requirement for that money to even be transferred into a Thai account so why they are now stipulating is should be is a fundamental policy change, impacting  those of us using the likes of Tranferwise etc. together with other issues as your own.

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