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SooKee

Bangkok Bank letters etc for Retirement Extension (income) - changed again?

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I'm going to do 65000 and I have that every month from US Gov SSA by IDD direct to Thailand BKK, but now in my passbook it says BATHNET not FTT??? Anyone know about this. Credit Advice clearly shows comes from US Fed Reserve Bank.

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1 hour ago, ronjomtien said:

I'm going to do 65000 and I have that every month from US Gov SSA by IDD direct to Thailand BKK, but now in my passbook it says BATHNET not FTT??? Anyone know about this. Credit Advice clearly shows comes from US Fed Reserve Bank.

For IDD the last leg of the transfer is via the Bank of Thailand "Bahtnet" system which is primarily a domestic transfer system but does interface with the SWIFT system.   IDD payments are made via SWIFT vs ACH.  It's just the routing used for the IDD SWIFT transfer.  I expect you are seeing Bahtnet/BTN coding versus International Transfer/FTT coding in your passbook/ibanking.

 

When going to get a bank letter from your receiving/home branch to document the monthly foreign transfers don't be surprised if the bank says they can not give you the letter even through their Credit Advice say as.  They may say this because the final coding was domestic since it came via the Bahtnet system....that's why your got Bahtnet/BTN coding vs International Transfer/FTT coding.    Instead the bank may tell you that you'll have to get the bank letter from the Thai bank that accomplished the last leg of the IDD SWIFT transfer/utilized Bahtnet which will probably be Citibank-Thailand. OR, your branch may provide the requested letter using the Credit Advices as proof.

 

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I have done this already. No issues last year. I don't think going to the bank in Thailand is like facing a master plot to destroy me, and take my money, its just going to the bank. It's just like in any other country. No big deal. 

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17 hours ago, cmarshall said:

Bangkok Bank Paragon branch produced my letter with the itemised monthly foreign deposits just yesterday without my having specified a format.  

LOL.  Well, the one the you can always be sure of, different branch, different answer.  What I might do when I go to collect my statement etc on Monday is just ask at the same desk I ordered the statement from (which at Silom is on the first floor and completely separate to the Customer Service desks on the 2nd floor) to see if they could so such a letter if I wanted one (which having the one that CS on the 2nd floor are issuing I don't).  Just got me wondering whether what the banks could / should be doing now hasn't filtered out to all the branches yet.

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Been keeping tabs on this thread and the other one on this subject over on the visa section. That one had degraded and is a mess. This one makes sense. So it seems all I have to do now to prove to immigration I meet the income requirements is show up with my letter from Bangkok Bank with the attached credit advice letters for each of my monthly FTT   deposits(one for each month). I keep my bank book up to date and have been picking up a credit advice letter when a transfer comes in. My bank branch *emporium uses my updated bank book to produce the credit advice.  The updated bank books or printed statements are only used by the Bank branch to produce the credit advice letters which are attached to the bank produced summary letter which is used by immigration.  I hope I got this right.

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There MAY be a need for two bank letters:

 

1) The bank account ownership certificate which costs THB 100 and can be produced on the day.

 

2) The summary of foreign deposits (cost THB 100) which may or may not require 12 months of credit advice notes to be attached as they provide the detailed information that the older itemised summary letter used to (it seems that despite the old itemised summary letter being replaced, some banks may still be issuing it).  It's not 100% clear to me what a potential further 500 baht charge might be for.  Either it's for the 12 months of Credit Advice notes that they think you need or, as my receipt says, it's for them to do a 12 month recall (investigation as the receipt calls it) to get the details they need to compile the FTT summary letter.  Whichever, unless Immigration have told them they now need to provide all of this, it's possible that this new approach is just for bank income generation.

 

The main thing that's not clear is whether these FTT transfer summary letters (with or without the attached 12 Credit Advice slips) are actually even needed or not or whether they are just a hang over from what used to be needed.  it's been suggested that all the IO may need now is:

 

Bank Account Ownership Certificate (หนังสือรับรองธนาคาร - nang suer rap rawng tanakaan)

12 months bank statement showing the 12 qualifying FTT inward transfers

Bank Book (with perhaps a copy of the pages showing the above 12 transfers)

 

The above 3 is all I plan to give the IO when I go to Bangkok CW tomorrow, I'll keep the rest in my bag and see if they ask for it.  If the above 3 is all they need I'll know better next year and won't bother with the FTT summary letter and credit advice notes.

If you plan to ask for a BKK Bank FTT summary letter, it looks like this:

 

 

TV Image.png

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28 minutes ago, SooKee said:

There MAY be a need for two bank letters:

 

1) The bank account ownership certificate which costs THB 100 and can be produced on the day.

 

2) The summary of foreign deposits (cost THB 100) which may or may not require 12 months of credit advice notes to be attached as they provide the detailed information that the older itemised summary letter used to (it seems that despite the old itemised summary letter being replaced, some banks may still be issuing it).  It's not 100% clear to me what a potential further 500 baht charge might be for.  Either it's for the 12 months of Credit Advice notes that they think you need or, as my receipt says, it's for them to do a 12 month recall (investigation as the receipt calls it) to get the details they need to compile the FTT summary letter.  Whichever, unless Immigration have told them they now need to provide all of this, it's possible that this new approach is just for bank income generation.

 

 

Here's how I remember the Bangkok Bank fee structure to obtain credit advices.

 

For a credit advice if the transfer is not older than 3 months your local bank branch can usually provide it and there is no charge.

 

For a credit advice if the transfer is 3-6 months old there is still no fee but the branch will probably have to request the credit advice from the head office which takes several days to a week. 

 

However, if the transfer is older than 6 months there is a Bt100 charge for each transfer up to a max of Bt500 and the branch must request from the head office that takes several days to a week.

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Went to renew my extension in Bangkok (CW) today and, as I mentioned above, decided to try supplying the absolute bare minimum of documents in terms of proving international transfers to find out what would be accepted and, more importantly, cut down the amount of time I spend piddling around getting worthless documents next year.  So, in addition to the regular Extension paperwork needed, for the banking side I provided:

 

  • Certificate of account ownership from bank
  • Copy of my bank book (including the first page / inside front cover) with the last 13 months of transfers highlighted (I was applying today and my transfers normally arrive 28th so the latest one hadn't been captured by the document trawl so I updated the book at CW to show it).  
  • Bank Book

 

That was it, all accepted and approved without any other bank documents needed.  IO was interested in nothing at all but the bank book.  Applying this month I thought that the last 12 transfers was all they needed (e.g. Jan to Dec inclusive) but I think because I was applying at the end of this month (or because the application coincided with the date my money normally arrives) they wanted the bank book updating to show the funds arrival from yesterday (28th), making it 13 transfers that they wanted to see.  Either that or 13 months is the standard they are looking for.  Next year will be easier as I will be applying early Feb as I normally do so it may then just be a straight 12 they're interested in.

 

Happy in one way that I went prepared with likely all the documents they might have asked for (peace of mind given I leave Thailand in 4 days for a while so had a really small application window) but I really won't bother with all the Bangkok Bank transfer proof documentation next year.  I always apply a month early anyway so if Immigration does revert to 'more paper, more paper!' I can go and get what they need and go back again.  In my bag for this application I also had:

 

  • 12 months bank statement
  • Bangkok Bank International Transfer summary letter complete with the 12 Credit Advice notes they supply by default.
  • Copy of yearly update letter from pension provider
  • Copy of last 4 payslips

 

None of it asked for.

 

 

Edited by SooKee
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Last August, when I was preparing to renew my extension of stay based on retirement using the monthly income method, I went to my local Bangkok Bank branch (in Sam Chuk, Suphanburi) to request the letter listing each of the international transfers to my account.  The local branch told me that they couldn't produce that type of letter as it was not a standard-form letter.  I then went to my Immigration Office in Suphanburi and asked them what to do.  They advised that I didn't need that type of letter.  Instead, all I had to submit was a printout of the past months since I started sending the international transfers to Bangkok Bank (in my case it was only 8 months, this year it will be 12 months) along with the standard bank letter verifying that the specific account was mine and the current balance on the day before I went to Immigration.  Perhaps other Immigration Offices will say the same about these special letter listing only the FTTs.  This year i'm getting a 6-month summary printout of my account and six credit advise notices at the halfway point of my last extension of stay and then another 6-month summary printout and six more credit advise notices just prior to going to my Immigration Office to renew my extension of stay.  I'll also get the account verification letter on the second visit to the local BBL branch.  I've checked with the IO at Suphanburi Immigration Office and this is all acceptable.  So it does pay to communicate with your IO to best understand what they want.  I am very fortunate, though, to be able to use the Suphanburi Immigration Office where the IOs are exceptionally cordial and very helpful.   

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