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How does your UK pension arrive and what code?

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8 hours ago, john terry1001 said:

I have a Lloyds account and like you transfer using Transferwise to my Bangkok Bank. Always shows as an FTT transfer. I don't have a problem.

 

The problem is for people who don't have a UK bank account and have not maintained a UK address. They can't get a UK bank Account so have to resort to having their pensions directly to their Thai Bank but those UK State and private Pension companies now appear to be using a transfer system which shows up in the Thai bank with a BNT (bahtnet) code. This is not an International transfer code so is not normally acceptable to Thai Immigration.

 

Having an offshore (expat?) bank account that your pension is paid into is one option and most UK banks provide that service, but those accounts usually require a minimum of £4-5,000 held permanently in the account.

I closed all my UK accounts years ago and I ran into this problem last year. I opened a TransferWise account in December and transfer my pensions from there to the BKK Bank.

I am careful to leave a few quid in my TW account every month.

 

5 hours ago, Postmaster said:

I was going to suggest try Transferwise for the Pension transfer but Truebrit already gave us the answer.

No can't do

Yes they can and they do.

 

5 hours ago, Thailand said:

I did, they didn't.

Also Bangkok Bank have their own code for international transfers, it is GPSD and shows on annual statements from BB head office.

.

Bangkok Bank assured me that immigration would accept this (GPSD) for the pension and other overseas income transfers as they had informed the immigration office in question.

I said I bet they don't ,BB said they will, they didn't.

Mine shows up monthly as an International Transfer.

 

 

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4 hours ago, Moonlover said:

Yes, it can be done. You need to open a Borderless account with T/W. Then you send DWP the account number and sort code.

 

Job done.

+1

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5 hours ago, sunnyboy2018 said:

Me too.  That way you dont lose the benefit of any pension increases.

But You MUST Have a U.K Address IF You get the Increases......

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17 hours 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..

Sterling.

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2 hours ago, billd766 said:

I closed all my UK accounts years ago and I ran into this problem last year. I opened a TransferWise account in December and transfer my pensions from there to the BKK Bank.

I am careful to leave a few quid in my TW account every month.

 

Yes they can and they do.

 

Mine shows up monthly as an International Transfer.

 

 

Of course they do. Bangkok Banks international/foreign transfers shows up as FTT in the bankbook. Just like they should. Same at Kasikorn Bank. 

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2 hours ago, billd766 said:

I closed all my UK accounts years ago and I ran into this problem last year. I opened a TransferWise account in December and transfer my pensions from there to the BKK Bank.

I am careful to leave a few quid in my TW account every month.

 

Yes they can and they do.

 

Mine shows up monthly as an International Transfer.

 

 

I think there's a misunderstanding about the bank codes. Some people doesn't seem to understand that we are talking about the codes in the bankbook. Those codes are always in 3 letters. 

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4 hours ago, Max69xl said:

Of course they do. Bangkok Banks international/foreign transfers shows up as FTT in the bankbook. Just like they should. Same at Kasikorn Bank. 

Mine do not as with many others who have posted here, they show as Bahtnet & GPSD on head office statements.

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12 hours ago, Nong Khai Man said:

But...............Don't you're U,K Bank Account charge you a Transfer Fee  for that ???

Some banks do not charge, some do for a SWIFT. There is always the option of using say Transferwise, where the better rate cancels that out. 

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7 hours ago, Nong Khai Man said:

But You MUST Have a U.K Address IF You get the Increases......

7 hours ago, Nong Khai Man said:
2 hours ago, sunnyboy2018 said:

Me too.  That way you dont lose the benefit of any pension increases.

No! Not only must you HAVE a UK address, you must also live in it. Otherwise it's called fraud.

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6 hours ago, Lancelot01 said:

Sterling.

Thanks for the typo correction.. Most helpful.

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3 hours ago, Thailand said:

Mine do not as with many others who have posted here, they show as Bahtnet & GPSD on head office statements.

That's not the bank code we're talking about. That's the misunderstanding. The bank code is the one in the bankbook. For every transaction there is a three letter code. Bangkok Bank and for example K-Bank uses FTT showing an international/foreign transfer. That code is very important to Immigration. Get it? 

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22 hours 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 .

Mum's the word, in other words don't tell anyone where you live comprehendah?

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6 minutes ago, a977 said:
22 hours 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 .

 

6 minutes ago, a977 said:

Mum's the word, in other words don't tell anyone where you live comprehendah?

Nonsense. I've maintained and used a Nationwide account for at least 30 years. In that time I've lived in Saudi Arabia, China, Egypt and now Thailand.

 

NBS has always known where I was and have had my current overseas address. I've never had a problem with them.

 

However @trubrit is correct in saying that it is difficult to initially open an account unless one is resident in the UK.

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28 minutes ago, Max69xl said:

That's not the bank code we're talking about. That's the misunderstanding. The bank code is the one in the bankbook. For every transaction there is a three letter code. Bangkok Bank and for example K-Bank uses FTT showing an international/foreign transfer. That code is very important to Immigration. Get it? 

When I recently presented my paperwork for my next extension, I used Krungsri statements, not my bank book, which I never keep up to date anyway.

 

Krungsri do not use this FTT coding that you speak of, but it didn't matter anyway. I presented supporting documents from the bank and from TransferWise that proved, beyond doubt that the transfers were genuine foreign remittances. The IO was quite satisfied and, as far as I could judge he took no notice of the coding at all.

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11 hours ago, rickudon said:

Unless you have some secret knowledge, I understand that the letters were withdrawn because the embassy's refused to 'authenticate' them. In the UK, and I would assume in most European countries, you cannot easily 'authenticate' many documents due to data protection and privacy laws. The fact that the rest of the European countries still provide embassy letters shows what a joke this is.

As for the transfers, as this thread has shown, many people do transfer money (or have it transferred for them), but not all transfers appear as foreign transfers in your bank account. Surely having the money for your state pension transferred by the government is a more 'correct' way than by using TransferWise? Many assumed their transfers were correct. Not everyone is an avid Thaivisa reader or was aware that their transfers would not be accepted. Even now, some IO's refuse to accept other evidence, and only want ONE code. Of course, many IO's have no idea how International transfers work. After all, they make up their own procedures rather than follow national ones - why? Maybe because they have never actually read the national police orders in the first place?

 

Anyway, the monthly international transfer option for extensions is a mess, as it tries to fit rectangular pegs into round holes - not all fit.

 

As I said, I foresaw this potential problem and decided to change to the lump sum method. And because I maintain an address in the UK (which I visit one or two times a year), I could. Too late now for many people.

One of the reasons were that some "income letters" were not official, stamped and signed statements. They were sworn affidavits. Immigration didn't buy that. They told the UK, US and the Aussie embassies that they required same type of statements that other embassies issued. These three embassies didn't for some reason accept that. So,again, don't blame Immigration for the income letter mess. This is not a secret and has been discussed in several threads here at TVF. 

 

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