gamb00ler

Last time I checked... there is no constitutional right to outrage over something irrelevant to your life.

That's our bob... a real stanchion for the status quo.

When such information enters a mind with extremely regimented thought and a strong resistance to change, the results are unfortunately predictable.

It looks like Wise will work for sending money from Spain to Thailand. 12,667€ will yield 500,032 ฿ and will cost you about 95 € in fees, not including the fee to get the money to Wise.

Where are the funds coming from? Outside Thailand? Inside Thailand? What two web agencies are you referring to? Providing more information will yield better answers.

I have read a couple of articles by Thai legal firms that indicate that Thailand was about to legalize the creation of Trust accounts. The last update on the status of the Private Trust Account Bill that I read was dated 2018. Does anyone know if it is now possible to set up trust accounts in Thailand?

The last exchange rate quote available for KBank and for BBL bank are: 47.247 and 47.145 which is about .22% difference. Perhaps the difference you're seeing is due to higher fees.

There seems to be an imbalance in the penalties for participating in land title violations.

fabrications, rumors, coincidences, conspiracy theories .... the lowest rung on the ladder to enlightenment

I assume the pegman is from Winterpeg (Winnipeg). The winters there are on par with Siberia's and the extreme cold seems to cause severe degradation of logic.

So is not having any biological children.... but so far I don't see any uproar over people making that choice.

Don't worry, be happy https://www.nytimes.com/2024/06/06/opinion/national-debt-us-taxes.html?unlocked_article_code=1.x00.IHjG.opEps-X4Gkpn&smid=url-share

Run your UltraMobile phone number through this phone number checking website: https://www.phonevalidator.com/ Here's what it says about my UltraMobile number:

I have a US based UltraMobile physical sim with a US number in my iPhone XR. It allows me to make/receive phone calls/messages via WiFi. I cannot use it with any local cellular network unless I want to buy a roaming plan, so I don't. My local service is from True and is enabled using an e-sim capability. I specify for each of my contacts which sim is to be used when I call them.

I agree ..... but the actual truth will be a set of possible causes each of which will occur with an approximated frequency. We will never know enough to be more accurate than that.

That sounds very similar to the UltraMobile PayGo prepaid option costing $3 (plus 5.5% tax) per month. The UM sim is available for $13 on eBay. You will need an accomplice/assistant in the US to receive the sim, install it in a compatible phone and connect to their network. The accomplice can then mail that sim to you in Thailand. Once setup is complete you can use WiFi calling/texting for up to 100 minutes (US only) and 100 SMS's per month without further charges. I use an iPhone XR for my UM sim plus use True service via an e-sim.

Not what I would consider an outlier would be the possibility that TRD would seek to tax income earned inside a Roth account in the year of earning. The US IRS does something similar when they ignore the 'tax exempt' status of a Canadian Tax Free Savings Account (TFSA) for Canadian expats living in the USA. In such a situation the Canada-US DTA doesn't help because there is no Canadian tax that could be reduced by a credit for having paid US tax on that income. US taxpayers who are tax residents in Thailand would suffer the same fate on Roth account income.

The tax treaties generally say nothing about remittance.

I believe that if the "card" is branded with Visa or MasterCard the exchange rate will be determined by them. You can find those exchange rates at: https://www.visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html https://www.mastercard.us/en-us/personal/get-support/convert-currency.html To get the right rate from those websites you need to know if there are foreign transaction fees applied by the financial institution that issued the card. Those fees range from 1-3%, perhaps even higher.

There are 2 methods that can be used to have SS deposited directly to a Bangkok bank account. The original method (before IDD) was to a special account at Bangkok bank that requires an in person visit to withdraw the funds. The newer IDD method can be used to a regular Bangkok bank account that won't have that restriction. You are getting your SS pension via IDD to a regular savings account at Bangkok bank. The two methods are quite dissimilar and the effective exchange rate will be slightly different.

Yes.... that is what you would need to do if you want to continue having your SS automatically deposited into the current BBL account. However, there is another method available to have SSA funds deposited into almost ANY Thai bank account that doesn't have the restrictions you're currently facing. I believe the other method is referred to as IDD. @Pib seems to know this topic very well. My SS goes to a USA based bank so I'm not well informed on details for direct deposit to Thai banks.

Do you have the special type of account created by Bangkok bank to accept direct deposits of US Social Security? Those accounts require you to go in person to withdraw the funds.

Is there a problem using the combination method for an extension based upon retirement using an income statement from my consulate and a bank account with sufficient balance to bring the total to 800K ฿. Depending on exchange rates, I may not need any bank balance. My extension will be in CM in Feb. '25. I know a long ways off but.... I want to keep my bank balance high enough for more than the required minimum number of months.

The best answer will come from the website of the Thai Embassy or Consulate that will be issuing the visa.