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adam1948

Due To Thai Immigrations new financial Rules / Reqs I Need Help With Money Transfer(s)

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Best way to transfer money to your Thai account would probably be Transferwise. Don't think they transfer from Thailand, though, so you'd have to try a difference service for that or just do a regular bank transfer.

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Bangkok bank has a branch in nyc, so get a bangkok bank account to receive money. Takes usually 24hr to get the usd wires. Should be possible to send the same amount back but not more via the same route.

Did u think about just getting a bank loan using ur real estate as a collateral (land and house)?

Sent from my LYA-L29 using Tapatalk

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22 minutes ago, Myran said:

Best way to transfer money to your Thai account would probably be Transferwise. Don't think they transfer from Thailand, though, so you'd have to try a difference service for that or just do a regular bank transfer.

Yes money sent to Thailand very rarely leaves the country.its a one way ticket in most cases.

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55 minutes ago, adam1948 said:

Allow me to preface this by saying

That was a long preface, I lost you at chapter 3.

Anyway, your question would be better answered if you actually specified how much money you want to transfer and how often.

 

 

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21 minutes ago, happy chappie said:

Yes money sent to Thailand very rarely leaves the country.its a one way ticket in most cases.

One way it seems to get money out easier, if you meant red tape issues...

https://www.dee.money/

Edited by freedomnow
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1. Sending from US to Thailand: If part or all of this money is SS, SS will start international direct deposit to Thailand this year and my understanding is that there will be no sending fee for that. Details are still to be announced. If it is not  SS, or you have to transfer monies in addition to SS, you have a problem. Transferwise is the cheapest way but cannot be guaranteed to show as an international transfer. You can get paperwork from TW to show you made the transfer, and there are people planning to do that, but no word yet on if it worked and in any case may vary by Imm office.

 

2. Sending from Thailand to US: Dee Money. Easy and cheap. https://www.dee.money/

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Good luck !   I imagine that this whole situation will change soon as things get clarified.  It might get better or worst.  Not that I care in the slightest but when you were getting hat 65K  letter from the USA embassy ,  did you really have 65K coming in or were you lying to the embassy as many were doing for years, knowing that the US embassy didn't check and just took your word out it. Either way, good luck in working things out so you can continue to enjoy Thailand.

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After the first change end of 2018 I did go to Bangkok Bank and signed up for direct deposit in Jan. Military pay changed on line to BKK NY and received first direct transfer on 3rd. I expect by March 3rd SS will start. I can sympathize with your situation (a little like mine).  But all these condition and rules seem the keep changing here and there. Hang in there and do your best to find a solution to take care of your family. 

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All I know about transfers is the annual lump sums that I have been doing for the last thirteen years and they cost money so I thought that it was extremely inconsiderate thing to do to require ‘monthly’ transfers from abroad.
I think that you found a cost effective way of importing funds through ATM and cash deposit, the only thing missing is the proof that the money is from abroad. Do you think that the ATM receipt might show a foreign account being the source of the cash? I doubt very much if the original
order in Thai specifies what form the proof must take.
I must add that I do sympathise with you and all honest married couples who have no difficulty financing themselves and their families but who are required to prove it when the proof is there for all to see. Perhaps there might be some merit in a joint approach to Immigration by families in a similar predicament.


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Two ways to send money in the other direction that I have heard of.  The first xfer method is dee-money - mentioned above.  The 2nd is to buy crypto out of a Thai bank acct (there are legal Thai exchanges), and then sell it into your foreign account.  I am not very familiar with crypto, but someone reported this can be done with low fees, with some crypto-currencies.  I would never "hold" crypto for any length of time, due to its volatility.

 

You could use this to pay passport-country expenses, for example - but you need to have the 40K/mo total-income to qualify for your extension legally. 

 

If you do not have the funds/income to qualify for your extension, you could get a Non-O-ME Visa based on marriage to a Thai, from one of the nearby consulates which does not require showing financials.  That would be better, IMO, than setting yourself up for problems down the road with the authorities.

Edited by JackThompson

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4 hours ago, happy chappie said:

Yes money sent to Thailand very rarely leaves the country.its a one way ticket in most cases.

Dee Money easy to transfer money out.  I guess you don't live in Thailand. 

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15 minutes ago, JackThompson said:

Two ways to send money in the other direction that I have heard of.  The first xfer method is dee-money - mentioned above.  The 2nd is to buy crypto out of a Thai bank acct (there are legal Thai exchanges), and then sell it into your foreign account.  I am not very familiar with crypto, but someone reported this can be done with low fees, with some crypto-currencies.  I would never "hold" crypto for any length of time, due to its volatility.

 

You could use this to pay passport-country expenses, for example - but you need to have the 40K/mo total-income to qualify for your extension legally. 

 

If you do not have the funds/income to qualify for your extension, you could get a Non-O-ME Visa based on marriage to a Thai, from one of the nearby consulates which does not require showing financials.  That would be better, IMO, than setting yourself up for problems down the road with the authorities.

I transfer money every year out of Thailand from Bangkok bank and have for 20 years.  No problems.

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