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BANGKOK 19 August 2019 22:16
Tanoshi

Marriage/Retirement - Interpretations explained.

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5 minutes ago, phuketrichard said:

already in Pattaya agents are offering to do the extension,  cost 15,000 Baht more than last year ( last year apx 22,000 include the extension and 1 year multi re entry).. so its now 37,000 baht
so much for shutting down corruption of immigration and ........LOL

Where did you get that info from, I was quoted 20,000 baht from one and 15000 baht from another. I could post names, but not sure if that would be wise.

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1 minute ago, vogie said:

Where did you get that info from, I was quoted 20,000 baht from one and 15000 baht from another. I could post names, but not sure if that would be wise.

thats the total??
cheap>
please send me PM

Huge difference from the quote my friend up there got from the agent he uses and has used for years

 

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4 minutes ago, phuketrichard said:

thats the total??
cheap>
please send me PM

Huge difference from the quote my friend up there got from the agent he uses and has used for years

 

PM sent.😃

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4 hours ago, Tanoshi said:

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.

Thai currency exchange boothes have very generous rates.Sometimes only 5satang from the official rate of the day.Is it against the law to bring euros in cash to Thailand and exchange when rates are favorable? This way I deposit my pension in German banks and bring in cash as i travel. The road to perdition is paved with good intentions.....

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26 minutes ago, STALINGRAD said:

Thai currency exchange boothes have very generous rates.Sometimes only 5satang from the official rate of the day.Is it against the law to bring euros in cash to Thailand and exchange when rates are favorable? This way I deposit my pension in German banks and bring in cash as i travel. The road to perdition is paved with good intentions.....

If your not applying for an extension, you use whatever method you prefer to bring cash into Thailand, but if you want an extension and use the income method it must be transferred from overseas into a Thai bank.

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2 hours ago, Tanoshi said:

Very easily identified on a statement from the banks HQ.

 

I’m not so sure. 

 

A couple of weeks ago I was asked by my UK insurance company to provide proof of my Thai address and bank details so that they could transfer the proceeds of my life insurance policy which has matured (anti money laundering requirements etc.).  They indicated that my Thai bank statement would be acceptable provided it showed my account details and my address.

 

I have a foreign currency deposit account with Bangkok Bank HQ, so on a recent visit I asked for a statement covering the past six months which they had no problem providing for 100THB.

 

I have attached below a redacted part copy of the statement which I received.

 

Bank-Statement-P1_Redacted.thumb.jpg.23a780329b67ff7e7f336a32e075481e.jpg and

 

As you will see:

 

1...... Under the deposit column, for August, there is no indication as to where the 2k GBP has come from, e.g. overseas transfer or local cash deposit.

 

2..... You will also see that in August there were two withdrawals of 1K GBP on each occasion.  In the case of the withdrawals it again does not show that the money was converted to THB or taken in GBP (cash).

 

My concern is if I was to use the ‘income method’, is the IO going to jump to the conclusion that I’m ‘carrouseling the funds’,  e.g. make a cash deposit 2K GBP at the beginning of the month and then do a couple of 1k GBP cash withdrawals during the month only to re-deposit that cash at the beginning of the next month.

 

Fortunately if I was to use the 'income method' I’m able to show my HSBC bank statements showing the same funds being transferred from the UK to Bangkok Bank, and also my Bangkok Bank THB savings book showing the funds being deposited on the same dates.  But will the IO take the time and trouble to cross check – possibly not.

 

FYI…. My pensions are paid into my UK HSBC account.  Then, as and when required, I do an online GBP  transfer from HSBC to Bangkok Bank’s London office, who in turn transfer the GBP funds to my foreign currency deposit account at Bangkok Bank’s HQ.

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43 minutes ago, 007 RED said:

1...... Under the deposit column, for August, there is no indication as to where the 2k GBP has come from, e.g. overseas transfer or local cash deposit.

Your deposits are coded as NBK. Did you ask them the meaning of the coding.

NBK is a credit card!

 

BR7761 is a code denoting an exchange of currency. Because it's an FCD account they'll always show the withdrawal in foreign currency. They'll convert it at the counter using the exchange rate and pay in baht.

Edited by Tanoshi
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44 minutes ago, 007 RED said:

FYI…. My pensions are paid into my UK HSBC account.  Then, as and when required, I do an online GBP  transfer from HSBC to Bangkok Bank’s London office, who in turn transfer the GBP funds to my foreign currency deposit account at Bangkok Bank’s HQ.

All mine used to show as an FTT payments, but that was into a Savings account, not an FCD account.

You need to take the issue up with BKK.

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17 minutes ago, Tanoshi said:

Your deposits are coded as NBK. Did you ask them the meaning of the coding.

NBK is a credit card!

Although I obtained the statement just over a week ago for the insurance company, I never really paid any attention to the specific details until today after reading your OP.  I have absolutely no idea what the deposit coding NBK stands for and, as there is no glossary provided, I doubt very much if an IO would have the faintest clue what it means either.

 

It certainly isn't a credit card payment 😀....  I will ask the next time I have to go into BKK Bank.

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3 minutes ago, 007 RED said:

Although I obtained the statement just over a week ago for the insurance company, I never really paid any attention to the specific details until today after reading your OP.  I have absolutely no idea what the deposit coding NBK stands for and, as there is no glossary provided, I doubt very much if an IO would have the faintest clue what it means either.

 

It certainly isn't a credit card payment 😀....  I will ask the next time I have to go into BKK Bank.

NBK = No (pass)BooK

Meaning the transaction was accomplished without showing a passbook, i.e., not done at a bank counter

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Did you withdraw online ? I think you will find NBK W/D is the Bangkok Bank code for “non book withdrawal” to match the non book deposit.

 Oops....my typing is too slow, already answered.

Edited by MikeN

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15 minutes ago, 007 RED said:

Although I obtained the statement just over a week ago for the insurance company, I never really paid any attention to the specific details until today after reading your OP.  I have absolutely no idea what the deposit coding NBK stands for and, as there is no glossary provided, I doubt very much if an IO would have the faintest clue what it means either.

 

It certainly isn't a credit card payment 😀....  I will ask the next time I have to go into BKK Bank.

It's got be something to do with it being an FCD account and not a regular Thai baht Savings account.

 

For what it's worth Immigration did state in the event of a disagreement/discrepancy, then can always phone the HQ to confirm an overseas payment. They have a lot to learn about their own Thai banks coding system.

TIT, they just get familiar with coding and the banks will update and change them.  :hit-the-fan:

 

Be interested to know what the NBK code stands for.

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10 minutes ago, MikeN said:

Did you withdraw online ? I think you will find NBK W/D is the Bangkok Bank code for “non book withdrawal” to match the non book deposit.

 Oops....my typing is too slow, already answered.

Yes, NBD and NBW are the Bangkok Bank passbook codes for No book deposit and withdrawal respectively.  It's what you will get if you use the CDM (cash deposit machine) and the ATM, as no passbook is used in the transaction.

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24 minutes ago, skatewash said:

NBK = No (pass)BooK

Meaning the transaction was accomplished without showing a passbook, i.e., not done at a bank counter

I've got 'No Bloody Klue' what it stands for.

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3 hours ago, Tanoshi said:

There obviously using their discretion of powers to ignore the proof of overseas transfer of 800K for the Non O conversion in his circumstances.

Yes, but when have they ever used such discretion other than for:

  • Allowing agent-apps to skip published requirements
  • Making things harder for in-person applicants
3 hours ago, phuketrichard said:

already in Pattaya agents are offering to do the extension,  cost 15,000 Baht more than last year ( last year apx 22,000 include the extension and 1 year multi re entry).. so its now 37,000 baht
so much for shutting down corruption of immigration and ........LOL

If this remains true, I should have made bets with each person here who said this was to "stop people faking-money for extensions."  I said that it appeared to be a way to increase agent/IO revenue, and if true, sounds like it will.

 

3 hours ago, vogie said:

Where did you get that info from, I was quoted 20,000 baht from one and 15000 baht from another. I could post names, but not sure if that would be wise.

Are you sure those are the rates post-new-rules - i.e. after March 1st?  15K is about the current reported rate in that area. 

 

But then, it all depends on how the enforcement works.  If no seasoning-checking until you show up in 2020, then it will be the 2020 extension where the agent may need to work some extra magic with his IO buddy.

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