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How does your UK pension arrive and what code?

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Mine arrives via Citibank Thailand and shows as Bahtnet which isn't FTT the only known accepted designation.so complications via the extension of stay based on monthly income.

 

i asked the UK pensions office if they could help/advise and the second paragraph of the the reply was this:

 

"We pay to the currancy of the country you reside in we do not pay to stirling accounts overseas"

 

 

 

 

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It doesn't matter if the transfer is made in Baht or Stirling. They just need to code it properly as an Intl transfer. 

Sounds like a Citibank issue..

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23 minutes ago, Jeffrey346 said:

It doesn't matter if the transfer is made in Baht or Stirling. They just need to code it properly as an Intl transfer. 

Sounds like a Citibank issue..

Actually not just a Citibank issue.  When the issue of requiring income to be denoted as a foreign transfer into a Thai bank first arose I changed my UK state pension and a private pension to be remitted directly to my Thai Bangkok Bank account. My UK state pension arrived denoted as bathnet and my private pension as internal transfer.

 

Quickly reverted to being paid into my UK bank and remit to Thailand by other means to ensure that they are shown as FTT

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I receive a UK civil service pension which is processed by citibank to my Kasikorn account and this shows as BNT (bahtnet). 

I have also transferred money from HSBC by swift and oddly this also showed as BNT.

 

I tried and failed to resolve the issue of the code with both my bank and immigration both offered sympathy but not much else. I chose to revert to a non o multi entry visa, which I have to say also removed a lot of stress from the whole process. As long as the option is still available it beats the mountain of paperwork and uncomfortable feeling when visiting an immigration office for an extension. 

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I don’t do it but many do and that’s pay an agent to sort out your extension of stay I don’t know how they do it but somehow they can get around all this financial requirements.if things get any tougher I might have to look at doing it myself next time . At the moment my U.K. pensions go into my U.K. bank and I live off my 800 k immigration deposit then three months before reapplying I send the amount needed to take it back up to the 800k it’s a merry go-round but it saves me transfer costs by doing it once rather than every month . I just had a friend who has now got issues with his monthly pension due to the incorrect transfer coding he is currently in KL as he’s going to go down the multi entry route like me he is not sure about using an agent 

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I receive my UK State Pension directly every 28 days into my Bangkok Bank account in Thailand. It comes into my local account with the reference BAHTNET. My understanding is the UK pension office send the payments for pensioners living in Thailand in bulk to a central clearing bank here, from where it is distributed to all the individual accounts. Hence the receiving account does not register it as an international payment (with FTT) because it has been received from the local clearing bank in Thai Baht.

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I have my pension paid into my UK bank account and then transferred (when the exchange looks best - difficult at present ) into my Thai Bank Account. 

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1 hour ago, gregsmithy said:

I chose to revert to a non o multi entry visa, which I have to say also removed a lot of stress from the whole process. As long as the option is still available it beats the mountain of paperwork and uncomfortable feeling when visiting an immigration office for an extension. 

 

Totally agree. I'm lucky though that I can quickly pop over into Laos and be back home in time for lunch when I have to make a completely pointless but required 90-day exit.

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How do you guy's resident here keep a Uk bank acct?When my bank, Lloyds found out I wasn't in the UK they closed my acct and other banks I asked said the same, must be resident to open an account. Recently I asked for my govt pension to be paid into my Transferwise  acct in UK, got a reply 2 months later they only pay into recognised banks not the likes of Transferwise .So i'm still stuck with receiving it through Citibank with an internal transfer into Bangkok Bank .

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18 minutes ago, trubrit said:

How do you guy's resident here keep a Uk bank acct?When my bank, Lloyds found out I wasn't in the UK they closed my acct and other banks I asked said the same, must be resident to open an account. Recently I asked for my govt pension to be paid into my Transferwise  acct in UK, got a reply 2 months later they only pay into recognised banks not the likes of Transferwise .So i'm still stuck with receiving it through Citibank with an internal transfer into Bangkok Bank .

 

I've had my account with HSBC, formally Midland, for decades. Might be close to 40 years by now. And they've had no problem with me being in Thailand and they use my Thai address for communications. But things changed several years ago and from what I understand new accounts can't be opened if you are not a UK resident. I was 'grandfathered', as they call it.
Interestingly, I also have a Barclays Visa card as I used to bank with them even before Midland/HSBC. Three of four years ago I received a letter from them saying that unless I provided a UK address they would close the account. I didn't bother, as I have my HSBC Visa/debit. A few months after the so-called 'deadline' I received a routine letter from them relating to the assumed cancelled account. I called them, and they knew nothing of the threatened closure and I've used the card ever since. Any new card has to be sent to my sister in the UK as they refuse to send to Thailand as the postal service is so insecure (my local postman destroyed all the mail for months), and she sends it on to me.

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2 hours ago, gregsmithy said:

As long as the option is still available it beats the mountain of paperwork and uncomfortable feeling when visiting an immigration office for an extension

At 75 in poor health, I find immigration on marriage extension way too stressful

 

Even after ten yrs they always find something wrong, and also an immaterial item, my cash is always as required, we play the game and dress respectfully as well

 

All too often we are told if you do not like it leave, by some junior civil servant

 

I would willingly pay a reasonable amount to get rid of all this, like 5000 pa to an agent for renewal and 90 day reports,

 

anyone know of anyone needs to be KhonKaen

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Pension payed into UK NatWest account then to Transferwise for the best exchange rate and lowest fee then into Bangkok Bank always showing as an International Transfer FTT for no additional fee. Don't see where the problem is?

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