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Informed Transferwise have changed their Partner bank


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13 hours ago, Moonlover said:

21 TransferWise remittances were accepted by the IO at Sakon Nakhon last week. Not one of them had a foreign remittance code.

 

The IO was quite satisfied with the transaction slips, all linked to the bank account entries.

 

And apparently, I wasn't the first one. The IO was well aware of T/W.

Maybe so but does this GUARANTEE that every IO will accept them in 2020? Are you willing to bet your visa on that?

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On 8/5/2019 at 8:30 AM, Henryford said:

Transferwise is useless now IMO if you want to guarantee your foreign transfers are acceptable to Immigration in a years time. It's too big a risk that something could go wrong by which time it's too late to change. I have concluded that the 800k bank method is the only way to go.

Or take a break and go get a 1-year O-A multi-entry from your home nation's Thai Embassy. With some economical short trips to regional counties such as Vietnam (3 daily non-stop destinations), Myanmar (easiest eVisa of the lot), over the bridge(s) to Laos, a flutter at a Cambodian casino, Indonesia and Malaysia (visa-exempt for most) and Philippines (if you really must) and a bit of careful timing and some re-entry permits (in the 2nd year), get about 2 years of hassle-free life in LOS. You can do 8 quality vacations in the area and have a lot more fun for a whole lot less than 800 k baht. Who knows, one of them other destinations may have more appeal and see you on a one-way before the next O-A is required.

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22 minutes ago, Henryford said:
13 hours ago, Moonlover said:

21 TransferWise remittances were accepted by the IO at Sakon Nakhon last week. Not one of them had a foreign remittance code.

 

The IO was quite satisfied with the transaction slips, all linked to the bank account entries.

 

And apparently, I wasn't the first one. The IO was well aware of T/W.

Maybe so but does this GUARANTEE that every IO will accept them in 2020? Are you willing to bet your visa on that?

Every single one has accepted them so far. Unless you know different. Have any IO's anywhere refused an extension specifically because they won't accept TW transfers? 

Edited by sumrit
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3 minutes ago, Henryford said:
13 hours ago, Moonlover said:

21 TransferWise remittances were accepted by the IO at Sakon Nakhon last week. Not one of them had a foreign remittance code.

 

The IO was quite satisfied with the transaction slips, all linked to the bank account entries.

 

And apparently, I wasn't the first one. The IO was well aware of T/W.

 

3 minutes ago, Henryford said:

Maybe so but does this GUARANTEE that every IO will accept them in 2020? Are you willing to bet your visa on that?

Oh come on! there are no guarantees as to what any IO will accept, as we all well know.

 

But I did bet my own visa (extension of stay actually) on T/W being accepted and I was right.

 

IMO, T/W alone won't get anyone an extension. It is the supporting evidence that is presented with it that counts. And again IMO, proof of a sustainable income is what they really want to see.

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On ‎8‎/‎4‎/‎2019 at 11:32 PM, fusion58 said:

Wow! That would be good news if true.

I just did a transfer yesterday, the 6th, and I saw no option to select ''Thailand Immigration's International Transfer rules''. Last month it came from Kasikorn and showed as SMT code. I too talked to a rep at TW in the US and basically had a word for word conversation as Handsome Gardner had. As a matter of fact too, TransferWise uses 4 banks in Thailand, Kasikorn, BBk, BBL and TMB. For possible peace of mind and hopefully not ''think too much'', if you go to the TW site, enter your password, go to your account click account history, then click on each transfer, then hit the tab, VIEW TRANSFER DETAILS, which opens and with that is a tab for putting it into a PDF. Click that and we have the option to print. I did one and lo and behold, it shows, not the details indicating origin per say original bank, but showing the amount transferred in USD then converted to THB WITH the exchange rate and charges for TW. I went back thru the history and printed PDF's for every transaction back to the beginning. With these copies I doubt very much Immigration is going to have a problem accepting them. 

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On 8/5/2019 at 4:07 AM, wgdanson said:

800k in a Foreign Currency Account so the exchange rate does not matter.

But the exchange rate will matter. The requirement is to have 800,000 BHT (or equivalent in foreign currency) not some fixed amount in foreign currency. Immigration or bank will convert the the foreign currency amount to Baht and if baht is strong, you have to keep adding more and more foreign currency for account shortfall of meeting 800K BHT requirement. 

Exchange rate won't matter if you convert foreign currency to Baht and keep 800K. That will remain 800K for perpetuity even if baht strengthens to 25/USD (or pound sterling or AUD or whatever).

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