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BANGKOK 18 March 2019 21:20
KhunFred

If the transfer services do not work either to or FROM Thailand...

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Exactly HOW  are transfers to be made?   None of what I have been reading about Transferwise and Dee Money makes any sense. Tranferring my SOCIAL SECURITY alone won't work because my fiance left me.., thus no marriage and requirements are now 65 thousand a month.

Edited by KhunFred

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1 hour ago, FritsSikkink said:

Use a normal bank, then you don't have to worry

Credit unions and Bangkok Bank are not normal banks????

 

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KhunFred,

There are several ways to transfer money to Thailand. The way I do it is as follows:

I have a Chase Bank account in the US and a Citibank Thailand Bank account in Thailand. I transfer USD from Chase in the US using SWIFT (international wire xfers) to Citi. I have a FCD (foreign currency deposit) USD account & THB account with Citi. I transfer the USD to the FCD account and convert it to THB account at my convenience. Chase doesn't charge any fees for my international transfers due to being a Private Client. You can google & research which banks and/or brokerage firms have the cheapest/best wire fees. I also have a newly opened Kasikorn Bank THB account that I transfer from Citi to Kasikorn to put the 400k & 800k in to meet Immigration's requirements. Kasikorn has a branch office at CW Immigration in Bangkok, so it's convenient to get the letter & passbook updated on the day I go for my extension renewal. That's it... Good luck...

Edited by BertM
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I have never had a problem in 6 years! My state pension and civil service pension get paid into my UK bank account on different days. Therefore, I transfer money twice a month from my UK bank account to my Bangkok Bank account which costs £9.50 per time and always shows up as a foreign transaction in my bank book (FTT) and arrives next day! £19 is a small price to pay for a fast and reliable bank to bank service :-)

Sent from my X98 Plus II (C2D6) using Thailand Forum - Thaivisa mobile app

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23 minutes ago, KhunFred said:

Credit unions and Bangkok Bank are not normal banks????

 

Bangkok Bank seems pretty normal to me. I put money in, take it out, get a bit of interest, have a debit card, oh yes, and I transfer 65k per month via Transferwise or First Direct and it says FTT in my BANK book.

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2 hours ago, KhunFred said:

because my fiance left me.., thus no marriage

Fiance is different than WIFE.

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They do work. The only (but quite relevant, to those affected) question is if immigration will accept inbound transfers using such services as "coming from overseas".
 
Knowing how Thai officials tick, I'd say: Don't bank on it! The obvious - albeit potentially expensive - alternative are regular SWIFT transfers.
 
They will work for all agent submitted application. Did you talk to any agent?

Sent from my JKM-LX2 using Thailand Forum - Thaivisa mobile app

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28 minutes ago, graemeaylward said:

I have never had a problem in 6 years! My state pension and civil service pension get paid into my UK bank account on different days. Therefore, I transfer money twice a month from my UK bank account to my Bangkok Bank account which costs £9.50 per time and always shows up as a foreign transaction in my bank book (FTT) and arrives next day! £19 is a small price to pay for a fast and reliable bank to bank service 🙂

Sent from my X98 Plus II (C2D6) using Thailand Forum - Thaivisa mobile app
 

I don't regard £19/month a small price. BTW What's the exchange rate? Most likely not flash.

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1 hour ago, graemeaylward said:

I have never had a problem in 6 years! My state pension and civil service pension get paid into my UK bank account on different days. Therefore, I transfer money twice a month from my UK bank account to my Bangkok Bank account which costs £9.50 per time and always shows up as a foreign transaction in my bank book (FTT) and arrives next day! £19 is a small price to pay for a fast and reliable bank to bank service 🙂

Sent from my X98 Plus II (C2D6) using Thailand Forum - Thaivisa mobile app
 

The cost is not just 19 GBP a month. You are getting much lower rates than say Transferwise and, i guess, getting charged by your Thai bank for the receipt. I would imagine the cost is nearer 50 GBP a month, 600 GBP a year.

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3 hours ago, KhunFred said:

Tranferring my SOCIAL SECURITY alone won't work because my fiance left me.., thus no marriage and requirements are now 65 thousand a month.

Is your problem is not having enough money to transfer in total - 65K Baht - even before passport-country expenses?  Or do you have other income-streams in addition to Social Security?

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1 hour ago, wgdanson said:

Fiance is different than WIFE.

I should not even respond to this,but our plans were to be married.thus qualifying to show a lower monthly amount in the bank.

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3 hours ago, KhunFred said:

Credit unions and Bangkok Bank are not normal banks????

 

You were talking about Transferwise and Dee Money

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I'm sure I will get shot to pieces but where does it actually say that using the 65k Bht method has to come from a foreign money transfer. What is stopping you from just opening up another Thai Bank Account and Transferring 65K Bht every month between accounts. Am I missing something?... Shoot away..

 

 

Edited by Thaifish

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