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BANGKOK 17 June 2019 14:38
roath

Can I use Krungrsi Foreign Currency Deposit A/C for Retirement Extension?

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I am currently on a Retirement Extension and in previous years, I have used the British Embassy Certificate of Income, but with the removal of that facility, I am looking at the alternatives.

 

Although Immigration are meant to be applying some leniency this year I have seen reports from some Immigration offices where they have for example refused to accept the combination method of bank funds and have required an amount in excess of 65K to be transferred every single month, not simply an aggregate over the course of the year, which I will fall foul of as I haven't transferred consistently this year so far (as the new rules only came in after I had already renewed for last year).

 

I do have a Foreign Currency Deposit Account with Krungsri (the yellow bank) in GBP Sterling, which has an amount more than sufficient to cover the 800K baht requirement for my extension on its own without the combination method (even if there is a further drop in the pound), but the concern I have with this is that Krungrsi do not issue a passbook for this account, only a plastic ATM style card. Krungsri told me that they are happy to provide a letter for immigration to confirm the balance but I am concerned that Chiang Mai immigration will not accept the bank letter in support of the extension without an actual bank passbook. Does anyone have any knowledge about this?

 

My extension is in November so I have plenty of time to resolve the issue and get 3 months seasoning, but if I can I would rather avoid transferring funds into THB at the moment if I can avoid it. Thanks 

 

 

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I am currently on a Retirement Extension and in previous years, I have used the British Embassy Certificate of Income, but with the removal of that facility, I am looking at the alternatives.
 
Although Immigration are meant to be applying some leniency this year I have seen reports from some Immigration offices where they have for example refused to accept the combination method of bank funds and have required an amount in excess of 65K to be transferred every single month, not simply an aggregate over the course of the year, which I will fall foul of as I haven't transferred consistently this year so far (as the new rules only came in after I had already renewed for last year).
 
I do have a Foreign Currency Deposit Account with Krungsri (the yellow bank) in GBP Sterling, which has an amount more than sufficient to cover the 800K baht requirement for my extension on its own without the combination method (even if there is a further drop in the pound), but the concern I have with this is that Krungrsi do not issue a passbook for this account, only a plastic ATM style card. Krungsri told me that they are happy to provide a letter for immigration to confirm the balance but I am concerned that Chiang Mai immigration will not accept the bank letter in support of the extension without an actual bank passbook. Does anyone have any knowledge about this?
 
My extension is in November so I have plenty of time to resolve the issue and get 3 months seasoning, but if I can I would rather avoid transferring funds into THB at the moment if I can avoid it. Thanks 
 
 
I can't answer your question but, do you get any interest on the account?
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I only use FCD Stirling account at Kbank for a retirement visa in CM due to the state of the pound get them to print a letter and take your passbook job done🤔

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2 hours ago, scubascuba3 said:
6 hours ago, roath said:
 

I can't answer your question but, do you get any interest on the account?

I believe it's nominal...0.10 per cent or something

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I only use FCD Stirling account at Kbank for a retirement visa in CM due to the state of the pound get them to print a letter and take your passbook job done
The point of my post is that KRUNGSRI don't issue a passbook, only an ATM card

Sent from my RNE-L22 using Thailand Forum - Thaivisa mobile app

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 Kasikorn , is the one for me . 

They have a branch in Roath , near the lake.

Very convenient . 555

 

 

 

Edited by elliss

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I think Krungsi are ahead of the pack with the FCD, electronic plastic card for in branch, ATM card for their machines, and nice paper statements through the post every so often. More likely the other banks will reduce the use of passbooks eventually. Also they could print the last 12 months of transactions for me, in a few minutes, when I asked them (in branch last month) 🙂 All inbound SWIFT transfers coded SWF...

Edited by UKresonant
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That would be accepted in many offices. Hope you get some positive feedback.
Are they usually accepted for the initial Non Imm O also? at Jomtien?

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30 minutes ago, scubascuba3 said:
16 hours ago, jacko45k said:
That would be accepted in many offices. Hope you get some positive feedback.

Are they usually accepted for the initial Non Imm O also? at Jomtien?

I haven't specifically read they are or they are not, but there are alternatives if you have a problem. Although there are rumours that the desk doing 'that job' is a bit more difficult!

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