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BANGKOK 24 April 2019 01:48
Tanoshi

Marriage/Retirement - Interpretations explained.

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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

 

17 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.

NBK might, just might, indicate that the bank book was not used when the deposit was made as I made the transfer from HSBC (UK) to Bangkok Bank London office online - Bangkok Bank London office then transfers the funds automatically to my FDC at Bangkok Bank HQ in BKK.

 

But NBK definitely does not indicate that no bank book was used when I made a withdrawal.  I go to Bangkok Bank on the Silom Road in BKK and are required to present my bank book and passport to affect a withdrawal.

 

As I said in my earlier post I will ask when I next go to the bank.

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6 hours ago, WeekendRaider said:

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?  

You showed up in person (vs an agent), so that office want to make things difficult.  They have been doing something similar if you have an embassy-letter - so folks were showing a Pension-Benefit letter of some sort (Social Security for USA), plus a printout of the bank-statement (can be foreign) showing the pension-deposits. 

 

A Secondary documentation request makes anyone with non-pension incomes have a difficult time using the income-method at difficult immigration offices like CM.  They may even say the income "must be a pension" - though this is more frequently reported when IOs are trying to prevent doing a marriage-based extension.

 

Quote

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]. 

Others have reported the bank-letter is also needed with the bank-statement / bank-book.  That letter is the same type used for the "money in the bank" method, unless/until a special letter format for immigration, showing foreign-deposits, is worked-out.  Some posters seem to be reporting a bank-statement from your bank's HQ is now being requested.

Edited by JackThompson

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15 minutes ago, 007 RED said:

NBK might, just might, indicate that the bank book was not used when the deposit was made as I made the transfer from HSBC (UK) to Bangkok Bank London office online - Bangkok Bank London office then transfers the funds automatically to my FDC at Bangkok Bank HQ in BKK.

How on earth would a Thai passbook have any relevance to making a foreign transfer through BKK London.

It's all completed online.

It always showed as an FTT transaction when I updated my passbook locally, which is only after the transaction is completed.

 

Something to do with this being an FCD account.

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25 minutes ago, 007 RED said:

NBK might, just might, indicate that the bank book was not used when the deposit was made as I made the transfer from HSBC (UK) to Bangkok Bank London office online - Bangkok Bank London office then transfers the funds automatically to my FDC at Bangkok Bank HQ in BKK.

Did you make the transaction using your mobile?

NBK is a mobile banking app.

https://www.nbk.com/kuwait/private/ways-to-bank/mobile-banking.html

 

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24 minutes ago, Tanoshi said:

Did you make the transaction using your mobile?

NBK is a mobile banking app.

https://www.nbk.com/kuwait/private/ways-to-bank/mobile-banking.html

 

It is definitely nothing to do with a mobile app or Kuwait bank.

 

I only make my online banking transactions through my PC.   I log into my HSBC (UK) account via a secure encrypted connection and then transfer the required GBP funds to BBK Bank London through BACS.  I understand that BKK Bank London then transfers the GBP funds to my FCD account held in their BKK HQ.

 

As I said previously I will ask what the code NBK on the statement stands for the next time I go to the bank.

 

Just to complicate the matter further, my FCD passbook shows completely different codes for both deposit and withdrawals.  Deposits are shown as I/R and withdrawals are shown as IOP.  At the back of the book there is a legend for some codes.  The Deposit code I/R is not shown, the withdrawal code IOP indicates Amount Transferred Between Accounts.

 

If it is confusing for us, what chance will the average IO have at deciphering all these codes.

 

 

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9 minutes ago, 007 RED said:

it is confusing for us, what chance will the average IO have at deciphering all these codes.

Yes- and when they get tired of it- they most likely will not care about the source of the funds just like they don't care the source of the 400K/800K bank deposit (except when  moving from an exempt/tourist to a non O in country)

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 What happens if a foreigner fails to comply with the 800K retirement visa system i.e. the 400K threshold is breached.

Is he denied his visa next time?

Is he denied forever?

If denied a future visa  retirement extension –can  he still qualify for a marriage visa?

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9 hours ago, Tanoshi said:

I don't understand your reasoning behind that statement.

You still only need 800K and you must be receiving a monthly income to top up what you spend.

It's just a case of a change in financial management, your no worse off.

What about the frozen money i spend about 300k a year and bring it over sporadically from my business if NOT available i use an agent A BIG difference

i am not retired and have a business to run so cash flow is sporadic plus most money s held out Thailand

Edited by poohy

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35 minutes ago, poohy said:

What about the frozen money i spend about 300k a year and bring it over sporadically from my business if NOT available i use an agent A BIG difference

i am not retired and have a business to run so cash flow is sporadic plus most money s held out Thailan

Could you be more specific.

Are you talking about funds deposited in a Thai bank method for a retirement extension.

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3 minutes ago, Tanoshi said:

 

Could you be more specific.

Are you talking about funds deposited in a Thai bank method for a retirement extension.

I have a paid for property here so little outgoings just me wife and dogs leading good but quiet life in a remote area

My bank balance here in Thailand can vary from 2/3 hundred k to 2 million

business cash flows vary so yes when i am under 800k i use an agent ,average balance would be say 250 k

i would never keep a large balance here 

My work is self employed tourism based not  in Thailand i travel reasonably often

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4 hours ago, Delight said:

What happens if a foreigner fails to comply with the 800K retirement visa system i.e. the 400K threshold is breached.

Exactly!... Suppose someone has a medical emergency... 300K hospital bill that needs to be paid ASAP and they draw down their bank balance to pay and a month later when released from the hospital they transfer funds to replenish bank balance?...

 

Will Immigration be understanding?... If not what is the 400K for then?...

Edited by sfokevin
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20 minutes ago, sfokevin said:

Will Immigration be understanding?... If not what is the 400K for then?...

Just a way to get rid of people who are broke, and therefore could possibly be a burden on Thailand and it's citizens.

 

If the income or deposit requirements didn't exist, pretty much anyone who could afford a plane ticket could move to Thailand long-term

Edited by pr9spk
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8 hours ago, Delight said:

 What happens if a foreigner fails to comply with the 800K retirement visa system i.e. the 400K threshold is breached.

Is he denied his visa next time?

Is he denied forever?

If denied a future visa  retirement extension –can  he still qualify for a marriage visa?

We aren't sure but suspect a future application may be rejected.

He would be denied until he again qualifies. It might well be that even future first time applications will require the 800/400/800 kbaht for the 2/7/3 months proof, or an Embassy letter or 65k income for 12 months before they can be approved.

He may qualify for a marriage visa, if married of course, but it is not exactly an easier option. 

Edited by jacko45k

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5 hours ago, pr9spk said:

Just a way to get rid of people who are broke, and therefore could possibly be a burden on Thailand and it's citizens.

 

If the income or deposit requirements didn't exist, pretty much anyone who could afford a plane ticket could move to Thailand long-term

no, you arent going to get any benefits here,

without an income theres no food, shelter etc.

 

i would say the opposite are true,

if 400k is locked up, its 400k less spending,

this is a net loss for thai economy any way you cut it

Edited by brokenbone
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Thanks for that. Looks like after 12 years of doing the retirement extension it'll be the marriage extension for me from now on. I can foresee it being a bit of a nightmare at immigration from now on because I'm sure a lot of people will be doing the same. We'll probably also be facing some very aggresive IOs, because their workload will be ramped up. I'm not holding my breath however, they could amend the retirment visa rules next week and then it'll be back to another contingency plan. I'm hoping that BJ's thinking is that it's ok to mess farang about, they can't fight back, but he's loathe to face the ire of our wives and dependants should they lose their meal-ticket.

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