MadMac
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Posts posted by MadMac
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It reached the bottom for now. Good time to buy I'd say. It's better than any New Market in the 90's. Fantastic unpredictable ups and downs. Really fun to watch and play. Just don't use anything other than gambling money.
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If you were with Citibank Singapore, you could open a Citibank account in Thailand and transfer for free via the Citi-Citi free transfer facility
I have been with Citi in Sing for many years and when I looked at this I was told Thailand wasnt part of this scheme, but have been told recently
That apparantly now you can do it
Yes. You can do it, only if you are willing to shed 2 % of your amount due to the exchange rates citi offers for global transfers.
That's not really an issue, for investments in TH you need to transfer the money in foreign currency into the country and convert it locally, covered by that foreign exchange transaction form (FET). Without that you'll unlikely get your money out of the country again in the future. Besides that, exchange rates to THB are worse abroad.
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I heard the contrary that Citybank is not able to do this from Singapore to Thailand, recently. Where did you get that information from?
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Thanks monty!
I found the info about BKK Bank after I posted this. May be the only option in the moment to move money around without getting ripped off. I have an old account with them, this makes it worthwhile to reactivate.
Interesting point with the cashier cheques too....I checked several banks / list of fees, they only mention the 20B. Good info with the additional charges when cashing in. Guess I will rather bring a couple of these 1 million Baht bricks around next time, instead of feeding the banks!
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I've used UOB SIngapore to UOB Thailand in the past. Pretty easy and they also help you to resolve any issues locally (in TH) with UOB in SIngapore.
What you should do is open an US$ account in Thailand and transfer the funds into TH without conversion. Then change it here for a better rate. Also, do not split costs, it's usually cheaper to pay all as sender. UOB in TH doesn't charge a fee for incoming transfers. That's the only bank I know of.
http://www.uob.co.th/announcement/bankfee/2013/fee-deposit_19Jul2013_en.pdf
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I've recently had to transfer 450kTHB from SCB in Bangkok to SCB in Chiang Mai. Not really to my surprise I was charged 470B in fees, as if they place a courier on the bus or in the train to carry the money in person. Ridiculous.
Questions:
1) is there a bank in Thailand, that facilitates domestic transfers within the same bank for free, as it would do regional?
2) is there a bank in Thailand, that allows ATM withdrawals anywhere without a fee if not in the "home region"
3) would there be a difference if using a cashier cheque rather than transferring directly?
Alternatively one would have to carry the money in person to avoid ridiculous charges.
Thanks!
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I just ran in the same problem, classifieds does not accept the login. PW has only letters and numbers, so this can't be the reason....any help?
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Guess you missed a comma for Singapore...
Check out BIDC, cost is 75kTHB (3kS$) per Implant. Absolutely recommended. Professor at the drill....
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Basically it is, similarly to other banks based overseas.Huh. I grew up always thinking UOB was a Singaporean bank. And their presence in Thailand to me seems pretty slim.
That's an interesting question nevertheless, as when it comes to the 400k/800k required for Extension of Stay, these have to be deposited in "Thai Banks". The same question popped up elsewhere, if Standard Chartered would be a "real" Thai Bank. Because if not you cannot park the deposit there for the last 3 months before getting that stamp.
According to Wiki both UOB and SC are "Thai Banks", but that's just Wiki everyone can edit.
http://en.wikipedia.org/wiki/List_of_banks_in_Thailand
Not sure if there is an official list from Thai Immigration that lists Banks that are accepted.
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Not sure where you go this from. According to their last annual report:Since UOB is not a thai bank, do you get charged extra when you withdraw at non-UOB ATMs? Just curious.
"The United Overseas Bank (Thai) Public Company Limited
(“UOB (Thai)”) was incorporated in November 2005 following
the merger of the Bank of Asia and UOB Radanasin Bank.
UOB (Thai) is a fully-licensed commercial bank."
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Well, we can continue this, but it's pointless . As a matter of practical experience no onward ticket is required, and never was for the last 11 years I go in and out of Thailand with all types of stamps and visas.Incorrect again. ALL passport holders eligible for a one month entry permit on arrival must have an onward ticket -
No intention to sound racist if it looked like that, but we've seen in the past that countries that should support their citizens (here ASEAN) were rather knocking them out, whereas farangs enjoy free entry. Not fairzazzalicious, what country's passport were you using? MadMac implies that it was not a "first world passport" -
Pla Ra may be a niche, particularly in Africa. Perhaps in exchange of a couple of millions from GhanaI sold Som Tam on ebay. Very successful market in southern Bulgaria.
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Try merimobiles.com
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You don't want to get rid of them, as they get rid of all kind of nasty insects for you. Love your Jinjok!
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Oh god, what a mess here....for the onwards ticket, which is not really required if you hold a first world passport, you can just make an online reservation and print that out. Good enough. Cancel as you wish.
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Go to UOB at Suk 4. Best service you can get, mostly empty branch, they speak english, and they even jump at you sometimes when you enter. Best bank ever in TH.
Forget the script kiddies at Bangkok Bank.
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You will get 90 days from the date of your arrival, if the visa is still valid as you wrote. If you leave the country, that 90 days also expire. You should get an Extension of Stay before that happens.
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Get an ED Visa, with subscription to some course in a Thai language school. Can easily be done, but make sure you really learn, as this will be subject of a test if you intent to renew your visa afterwards (any category).
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Why would you go through the visa hassle at all? You should get a 30 days stamp on arrival (depending on your nationality I don't know). You can go in and out, get another 30 days. The intermediate law that one can only stay 90 day within half a year was killed a while ago.
Transfer money Singapore => Thailand
in Jobs, Economy, Banking, Business, Investments
Posted · Edited by MadMac
I've just transferred 150kUS$ from Standard Chartered SG to UOB TH. Hell of a nitemare to get them doing so, ridiculous limits and you need to mail in a form if you're not in SG, which then will be ignored if you don't call them every other hour. Fee 312 US$, that's ~0.2%, including all fees. I'd not recommend them after this crappy experience.