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BANGKOK 21 July 2019 03:43
carken

Can anyone tell me what Siam Commercial Bank's (SCB) bank code is for the coveted "Foreign Money Deposit" now required by Thai Immigration

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Since October of last year I have been following the threads on TVF concerning the shakeup that a few Embassy's caused by cancelling the "Income Affidavits" needed by expats to satisfy Thai immigrations requirements. One of the big concerns now is having the coveted "Foreign Money Deposit" code in/on one's bank book. I know that the Bangkok Bank's code for this is either FTT (Foreign Telegraphic Transfers) or GPSD (Bangkok Bank code for Global Payment & Services Dept). However I bank with Siam Commercial Bank (SCB). I can't remember seeing anyplace what SCB's code is for "Foreign Money Deposits" If it was mentioned in the past I either missed it or forgot to make note of it.
I have 2 questions ..... #1 What is SCB's code for "Foreign Money Deposits" ... #2 can I go inside my SCB bank branch, give them my American bank debit card and request that SCB uses it to transfer the required amount of money from my American bank and directly into my SCB account and will it show up as a "Foreign Money Deposit" This procedure/action was talked about in a past TVF post/thread but I can't remember which thread or which bank it was. Sorry about that. I would appreciate any info/help I can get to clarify both questions. Thank you in advance for any info you may have

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Call their national call centre centre plenty of English speaking staff, and get the exact code your wanting, easy.

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5 hours ago, ocddave said:

Here is a list of their codes, not sure what code it would be, none of my Transferwise transactions come thru as international transfers, just as local bank to bank.

 

https://www.scbeasy.com/v1.4/site/presignon/en/srv/srv_mpg_tcd.asp

 

This one, maybe?

 

FRC = เงินโอนต่างประเทศและชำระเงิน
Foreign Remitance & Settlement

 

Or does this relate to transfers out of Thailand from an SCB account?

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6 hours ago, ocddave said:

Here is a list of their codes, not sure what code it would be, none of my Transferwise transactions come thru as international transfers, just as local bank to bank.

 

https://www.scbeasy.com/v1.4/site/presignon/en/srv/srv_mpg_tcd.asp

 

ocddave .... thank you so very very much for the time and effort you took to give me some help ... I appreciate it

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It may be a good idea to request the US Bank to ensure that the Transfer Form from them has the 'reason for transfer' part filled in with a specific phrase to highlight the fact it is from overseas and for what purpose.  From my experience they usually want something written in there to tick the box for anti money laundering purposes.  They should be able to email that to you for your record purposes, depending on your arrangements with them and internet banking, and you will have further proof.

I must point out that I myself do not use the income method for my visa and am only suggesting this as a back up to whatever codes and stuff you get from SCB.  Just a thought, and may be OTT.

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Why u don't ask SCB they will answer your questions  DAAAAAAA

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30 minutes ago, animalmagic said:

It may be a good idea to request the US Bank to ensure that the Transfer Form from them has the 'reason for transfer' part filled in with a specific phrase to highlight the fact it is from overseas and for what purpose.  From my experience they usually want something written in there to tick the box for anti money laundering purposes.  They should be able to email that to you for your record purposes, depending on your arrangements with them and internet banking, and you will have further proof.

I must point out that I myself do not use the income method for my visa and am only suggesting this as a back up to whatever codes and stuff you get from SCB.  Just a thought, and may be OTT.

Thanks animalmagic ... dood idea/suggestion(s) ... appreciate your time, help and patience

carken

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in regard to your second question, i did this very thing at bbk, using their machine at the desk. and my wf bank debit card, transaction came out in my book as local atm, not foreign.  also got the 220 baht atm fee.

good luck at scb.

 

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Posted (edited)

There was a long thread some time ago about International transfers.

 

One of the main issues is that individual branches do not have SWIFT codes, only the HQ.

Therefore when you transfer foreign funds they go through the HQ of the bank, who then forward the deposit to your local bank account, but not with the full details of the transfer.

 

Bangkok bank are the exception, where the details are forwarded, hence FTT transfer at local branch level.

 

For other banks branches, as far as they are concerned it was a transfer from their HQ to your local account and therefore a 'domestic' or 'local' transfer.

The required information for the International transfer must be requested from the banks HQ.

Edited by Tanoshi
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55 minutes ago, IraqRon said:

in regard to your second question, i did this very thing at bbk, using their machine at the desk. and my wf bank debit card, transaction came out in my book as local atm, not foreign.  also got the 220 baht atm fee.

good luck at scb.

 

That was a cash withdrawal from an ATM, not an International transfer.

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I think it depends on the transfer method used. I use TransferWise and the SCB code for the transactions is ATS which stands for Automatic Transfer System. This isn't the code used when I do internal bank to bank transfers. I'm hoping that come extension renewal time that the IO will accept this as being overseas transfers.

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14 hours ago, ocddave said:

Here is a list of their codes, not sure what code it would be, none of my Transferwise transactions come thru as international transfers, just as local bank to bank.

And they never will.

TW have 3 accounts with Bangkok bank, Kasikorn and TMB.

If you want proof of a foreign transaction ask SCB which of those 3 banks forwarded the funds to your account, then contact that bank for proof of the International transfer.

 

If using TW for your transactions, it's much simpler to open an account with one of the above 3 banks (BKK recommended) and ask TW to 'tag' your transfer from their matching account.

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