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Marriage/Retirement - Interpretations explained.

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16 hours ago, Tanoshi said:

They even showed me examples of local bank statements, then the same statement from HQ, which gave precise details of the overseas source of income, sometimes with pension providers names where they were paid directly into their Thai bank account, others as Foreign TT transfers (Transferwise as an example) and government state pensions paid direct through the bank of Thailand, which clearly state a Bahtnet deposit.

They'd highlighted only the monthly overseas transactions, not any other transactions.

I currently use TW but I'm one of those who use Kasikorn with their Dummy Branch entry and no other details such as who the deposit was from, before I attempt to open an account with Bangkok Bank, did your contact clarify this?
I think my main concern would be that if I started transferring to a BKK Bank account and then halfway through the year they didn't record one deposit as coming from abroad, then I'm scuppered for my next extension.

 

Thanks very much for taking the trouble to do this and pass on what you've gleaned, I do however share others members views that whilst Division 4 might be taking this approach, others might not, or even indidual IO's.

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10 hours ago, STALINGRAD said:

So a German and a Brit both receiving 3000 euro a month in pension go for retirement renewal.The German has an income letter from the embassy, the brit an income letter from the pension office.Thai immigration stamps the German without a euro being transferred to a thai bank?and the Brit has to deposit 800k in a Thai bank or make monthly transfers combined with a large balance in a Thai bank.In the past an income letter was not tied to deposits to an in country bank,still true?

Yes, but that doesn't mean Immigration can't request bank statements on top of your Embassy letter.

You can't spend or support yourself in Thailand with funds in a German bank.

Although it didn't specifically state the declared foreign income had to be in a Thai bank, I believe that was always the intention.

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12 hours ago, Kenny202 said:



Is there anything to say the monthly deposits need to be equal? Ie 12 x 40k?

Sent from my SM-J730GM using Thailand Forum - Thaivisa mobile app
 

They can't be exactly equal if you are transferring a fixed amount in your own currency. there will be changes in the baht amounts (hopefully small) due to shifts in exchange rate. Hopefully TI understands this.

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You can't spend or support yourself in Thailand with funds in a German bank.

Why not? I was on a project between the German and Thai government.
The German government insisted to pay in a German Bank. so I used my Credit card / ATM card to get access to that money.



Sent from my iPad using Thailand Forum - Thaivisa mobile app
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It would be polite if Imo made up for the Nations inability to pay the correct price for the Euro and Dollar. The Bhts stupidly overvalued.:post-4641-1156693976:.

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So in a nutshell 

People using 800K method and spending it its now gone up to 1.2 Million because of 400 k dead money

Married although a pain is looking preferable if i can stop wife beating up IO if they mess her around, i wont be pretty for sure!

 

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Chiangmai Immigration today for myself as well as at least one other American was using 1099's to verify retirement income.  this will not last very long.  a 1099 is merely an "information filing", easily printed off on line or completed by yourself and 100% legal as such.  it is only verified when the data is matched by a "magnetic tape" [internet transmitted data today I would guess, for sure] received by the IRS from that FEIN filer.  it is nothing more than a piece of paper.  meaning, easy for us to use now... but it won't be used for very long.  it's really only so that an honest taxpayer doesn't forget an item, stapling them to a 1040 is for that "forget me not" purpose and not a thing else.  let alone providing them to anyone... the IRS or anyone else verifies nothing at all.  I am x-enrolled IRS as well as a MS Tax from Golden Gate.    

Edited by WeekendRaider
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4 hours ago, keemapoot said:

A marriage extension specifically allows you to work. However, you bring up an interesting point. If you are on a marriage extension using monthly income from abroad which you represent to be retirement income, would it cause the labor department to re-think this policy? I think not. I think this has no effect on ability to get a work permit because the labor department has no visibility into your visa qualifications I believe.

If your on a marriage extension, your income from abroad isn't regarded as income to support your retirement, it's income to support your Thai wife.

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4 hours ago, Moonlover said:

 

Well, with respect Sheryl, Tanoshi did mention TransferWise way back in his post on page 2, #20 which I reproduce below:

 

''They even showed me examples of local bank statements, then the same statement from HQ, which gave precise details of the overseas source of income, sometimes with pension providers names where they were paid directly into their Thai bank account, others as Foreign TT transfers (Transferwise as an example) and government state pensions paid direct through the bank of Thailand, which clearly state a Bahtnet deposit''.

 

Perhaps he come back and reconfirm that. Was TransferWise specifically referred to by TI O/P?

 

I am saving all my T/W transaction slips, so I shall be able to prove to the bank or TI that they are authentic foreign deposits, if they are challenged.

 

Many thanks to Tanoshi for his efforts. I think I can sense a collective 'sign of relief in Thailand today'. 

He saw an example where a Transferwise deposit showed as FTT. However this was likely a case where TW used the that bank. As I explained, if an account is at the same bank that TW uses for that particular batch of transactions it will show as FTT.

 

It will NOT show as FTT in your own bank statement if it came first to a different domestic bank and was domestically transferred from there.

 

The issue is not that it was Transferwise vs any other company or Swift. The issue is that in some cases it will have been transferred first to another domestic bank (commercial bank, not BOT) and they will have then made a domestic transfer to yours.

 

At present, TW is using Bangkok Bank the vast majority of time but no guarantee that will remain so as they have arrangement with 3 banks in Thailand.  And even if it stays as it is reported by TW users tio have been over the past year,  from time to time they use another bank.

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2 minutes ago, WeekendRaider said:

Chiangmai Immigration today for myself as well as at least one other American was using 1099's to verify retirement income.  this will not last very long.  a 1099 is merely an "information filing", easily printed off on line or completed by yourself and 100% legal as such.  it is only verified when the data is matched by a "magnetic tape" [internet transmitted data today I would guess, for sure] received by the IRS from that FEIN filer.  it is nothing more than a piece of paper.  meaning, easy for us to use now... but it won't be used for very long.  it's really only so that an honest taxpayer doesn't forget an item, stapling them to a 1040 let alone providing them to anyone... the IRS or anyone else verifies nothing at all.    

Are they not also looking for transfers into your bank account? My impression was that they were doing both.  (which er the rules is unnecessary as bank transfers suffice).

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2 hours ago, JackThompson said:

Then what do you do with your "credit advice" documents?  Is the assumption that immigration will accept them?  They might, but I would not count on it.  Whether you "really do qualify" is not the point of their exercise - it is to find a technicality on which to deny the application.

A credit advice is issued by the Thai bank, letterheaded, stamped, certified and details the transaction from the recipients foreign bank account. As acceptable to Immigration as a Thai bank statement.

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13 minutes ago, Tanoshi said:

Sheryl, in another topic stated Advice receipts for foreign transactions could be obtained from Kasikorn HQ, which is true, but unlike the method she obtains them, both the local branch, their call centre and their HQ advised they are normally only issued for businesses. If an individual requests them, it's 100BHT per advice receipt and you must collect from their HQ in Bangkok. They refused to post them to your local branch.

 

I've been getting them for years, always sent to my local branch to collect, I have never had to go to HQ (thankfully). It has been free if it was very recent and yes 100Bt otherwise.

 

I was also told I could sign up to get them automatically. I did nto bother as I have been using lump sum method not income so only 1 transfer a year on average.

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while I wait for full age retirement or later at age 67 or 70 something [US Social Security in addition to my other pensions I already live on] and easily assume at some point the BBL direct deposit will be all I will need to satisfy Immigration for a retirement visa... at age 67 or 70.... they have just blown the doors off my need for Thai health coverage.  I have a XXXXX card for Thailand.  it does not cover travel outside Thailand. and I already have had several things done at Cpat Clinic at Suandok and Chiangmai Ram and Phayao Ram.  if I need to keep at least 400,000 in a retail bank account all the time, and I up it to a million or so.... except for providing a hospital with a known intermediary, my insurance card just lost it's main advantage.  and as I get older they will cancel or make it too expensive anyways.  I have had an XXXXX card, used to have a British name, for 15 years.... so that I don't have to have a big balance in a Thai retail bank account.  unless I am so "non ambulatory" I cannot sign a power of attorney, if I have a million sitting at the ready in a bank book under my name only.... what the heck do I want to keep with my Thai health cover any longer????                

Edited by WeekendRaider

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Just now, Sheryl said:

Are they not also looking for transfers into your bank account? My impression was that they were doing both.  (which er the rules is unnecessary as bank transfers suffice).

yes, but the one about asking for a 1099 is absolutely silly.   also, I don't understand [at all] why they can't accept a BBL bank book with "FTT" as sufficient proof.  are Thai bank books so easily forged?  and a person at Immigration applying for an extension would chance forging one???? why not just accept the bank book with "FTT" in it?  why a letter and a statement from the bank.. which for me is not in the "weahaung"... it's a long drive to get back home and then back to the city of Chiangmai again... worse, it's at the airport now and a lot of traffic [which I do at my home bank branch office]. 

Edited by WeekendRaider

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