bigginhill

Chaeng wattana accepted combo before deadline, with embassy letter ( British dated Dicember)

On 3/16/2019 at 4:35 AM, Tanoshi said:

2.5 In the case of investment:
Each permission shall be granted for no more than one year.
A. Investment of no less than Baht 3 million:
The alien:
(1) Must have been granted a nonimmigrant
visa (NONIM):
(2) Must have entered the Kingdom before October 1, 2006 and must have been
consecutively permitted to stay in the Kingdom for an investment of no less than Baht
3 million:
(3) Must have evidence of transferring funds into Thailand of no less than Baht 3 million:
(4) Must have evidence of investing in the purchase of a condominium unit for no
than Baht 3 million issued by a relevant agency or by the government; or
(5) Must have evidence of investing in the form of a fixed deposit of no less than Baht
million with a bank which is registered in Thailand and has Thai nationals holding more
50 percent ;or
(6) Must have evidence of investing in the purchase of government or state enterprise
bonds of no less than Baht 3 million; or
(7) Must have evidence of making an investment as set out in Criteria (4), (5), or (6)
a total value of no less than Baht 3 million

B. Investment of no less than Baht 10 million:
The alien:
(1) Must have been granted a nonimmigrant
visa (NONIM).
(2) Must have evidence of transferring funds into Thailand of no less than Baht 10 million.
(3) Must have evidence of investing in the purchase or rental of a condominium unit
period of no less than 3 years issued by a relevant agency or government, at a purchase
rental price of no less than Baht 10 million: or

4) Must have evidence of investing in the form of a fixed deposit of no less than Baht
million with a bank which is registered in Thailand and has Thai nationals holding more
50 percent ;or
(5) Must have evidence of investing in the purchase of government or state enterprise
bonds of no less than Baht 10 million; or
(6) Must have evidence of making an investment as set out in Criteria (3), (4), or (5)
a total value of not less than Baht 10 million

Is Option A still available? 

And how do the criteria work? 1+4 ok? 

In your shoes I would contact the Dutch embassy, if you are receiving pensions, even if you no longer have Dutch citizenship, I would have thought they would produce the income letter. Worth a call or email. 

Friday I have renewed the retirement extension by combo method at CW. 

The Dicember dated income letter from the British Embassy was accepted along with a bank deposit. 

I asked whether I could access the deposit straight away and was told yes and that to have the deposit ready in the bank 2 months before expiry. I had to sign a thai copy of the new regulations. 

All my other questions were answered "it is unclear at the moment, look at website for updates".  

Good luck to everyone else

16 minutes ago, notamember said:

But are you saying a February 2019 expiry would  show 800,000 3 months before (nov 2018) and can take out straight away during 2019?

yes same as usual

Then in February 2020??? What would they present at February 2020 extension? 

not February the expiry would still be March 28th 2020, the original expiry day

the show a seasoned 800K on date of application , then 800K then 400k then 400k

 

 

Forgive me but where does the 28th march come from? 

March 1st is the new rule date. 

I,m trying to figure the difference between a february expiry and renewal  date and a march expiry and renewal date. 

18 minutes ago, notamember said:

the rule will not apply until next renewal time for them in March 28th 2020

next time they will be subject to the rule and show 800 on renewal then 800 then 400 then 400

 

there are no 65,000 baht monthly deposits needed with cash deposit in the bank on file

 

I understand or 800,000 OR 65,000.

But are you saying a february 2019 expiry would  show 800,000 3 months before (nov 2018) and can take out straight away during 2019? Then in February 2020??? What would they present at February 2020 extension? 

And only who renews in  March 2020 will have to have 3/6/3 400/800/400  OR 65,000 x 12 OR combo? 

26 minutes ago, notamember said:

at Jomtien Immigration if you renew before March 1st 2019 , the new rules do not apply to you

So if you have a renewal on March 28th 2019 expiry, do it 30 days early on February 28th 2019 as is allowed by them and dodge the March 1st 2019 bullet

you will lose no time by doing it early, the new extension will be added to the expiry date of the old extension

It will then only apply next March 28th 2020 when you do your next renewal

"It will then only apply next March 28th 2020 when you do your next renewal" 

And on that date you have to produce the documentation of 12 months 2019 regarding the deposits of 65,000.?

If yes, then the deposit retirees have to have 3/6/3  800/400/800?

How, s that different to a February expiry? 

Can anyone tell me effectively what difference there is? As the rules come in on March 1st, what benefits would a February expiry have? 

Would the 3month and 6month after apply?

Anything else? 

On 1/7/2019 at 12:39 PM, justanotherfatwhiteguyinth said:

I have got around the supported countries using Deemoney and Trasnferwise. 

I had to send some case to HK recently, so I first send from Deemoney to my AUS Trasnferwise account (took about a day) then converted that in my Trasnferwise app and then sent to HK account, (took another day)

All up in a 50K transfer I lost maybe 450THB in costs/exchanges 

Sending with MoneyGram and stuff would be up in the 2200THB each transaction. 

SO its a little annoying with the TH to AUS to HK transfer but still, FAR less painful than any other option, so I think this is the best way for getting cash to EU.
 

 

 

I.ve never used TW nor Dee.

Am I right in thinking  TW supplies foreign iban?

Can you tell me if this would work, I transfer thai baht using Dee money, to the uk iban that TW supplies, but I do not transfer the money then on to my uk account.

But return the sum (minus the costs or topped up), already in  TW  back to thailand (Bangkok Bank) 

1 hour ago, jacko45k said:

The money in the FD securing the CC is not accessible while you still have the card, so fails the requirement for retirement Ext. 

ok. but it is accessibile  through the credit card as the fixed deposit guarantees the sums spent on the credit card. No?

4 hours ago, samtam said:

I don't know which IMM office you report to, but in the early years of applying for EoS I used bank fixed deposits for my application at Chaengwattana, and it caused no end of problems for the IO, who couldn't seem to understand what a fixed deposit was, despite it being verified and chopped etc by the bank. After that debacle I switched to putting money into my savings passbook, and that seemed to overcome that obstacle. Unfortunately with interest rates so low on savings...(less that 1%), a FD would be desirable if one is keeping THB800k permanently, and at the rate you quote from Krungsri, but I don't want to have unnecessary hassle with IMM, if they're still not familiar with a "fixed deposit". Also, there may be some withholding tax for income over THB20k, although @ 2.15% that wouldn't yet apply. But interest rates worldwide, including THB, are trending upwards, so that is always a possibility. If anyone has had any recent good experiences at Chaengwattana regarding THB fixed deposits, I'd welcome hearing about it. Of course you can't do the date of application deposit into your savings account, (with a fixed deposit), as currently required for a savings passbook. (As an aside, that action alone - date of application deposit - is a safeguard that the money/account is yours, and not some fabricated account...but I'm now sure that's not the issue of these new regulations; although I don't know what is.)

not recent experience but I too at CW was refused the fixed deposit.

Seeing as we now have to keep the sum for a huge part of the year, could the sum be used to issue a secured credit card?

How does that work the deposit is moved to another account, but what you spend doesn't get taken out of that but out of your savings account? Can't see how it would work if it came out of the secured amount. Anyone know?

1 hour ago, ace000 said:

Could someone give some feed back on another query . I have a half share in a conbo worth about 2 million with my wife , is there a perversion in the act as it stands at present , that I could use that half share as collateral in the future ? Again thank you all for you input.



Sent from my iPhone using Thaivisa Connect

No ones answering, but I take it there isn't. 

Would have been a great help if they had considered that, even a percentage of the value.

How about a trip to Kk immigration with copies of the stat dec from the past years, and ask "in the interest of resolving the problem for all", you understand that they want a different stat dec wording but seeing as the wording in the past years has resulted in the extension being granted, you are will to sign that you understand the new rules for the following extensions. Also taking into account that the stat decs can no longer be produced and that there are some very recent new regulations and that there is also a letter understandably saying the immigration offices should be lenient.

I'd try talking to them, leaving in full view the article with BJ's number in view, but not threatening to use it. Subtly inferring that they were wrong to accept it in the past if they persue the arguement.

Good luck 

for who doesn't know there is another thread with explanations

8 minutes ago, Tanoshi said:

If you had 300K deposited in a Thai bank, then you'd need to prove a minimum income of 42k per month throughout the year.

You couldn't withdraw any of the 300K.

 

You should be wary of exchange fluctuations throughout the months as well, if working near to the bone.

What I meant was that the 800,000 would be a combo made up of 3 different methods ( slight variation on the first combo method you shared)

300,000 bank + say 250,000 in an embassy income letter + monthly deposits of 21,000 ( 300,000+ 250,000= 550,000 + 252,000 (12x21,000)

It is very similar to the first combo example.

Is it a possibility?

Problem is having to plan 12 months ahead, if not done properly causes a f... up

Thanks

9 minutes ago, Tanoshi said:

26 minutes ago, skatewash said:

I'm hoping this is meant to be obvious but it's one or the other right?  1 or 2?  Not both?

 

In other words, the embassy letter route remains for those who can obtain one, and for those who can't the monthly deposit route is acceptable without one?

Correct. Income letter from Embassy, OR, bank statements + letter from bank.

Thanks for info, I was worried but by the info you have shared this year I will be ok.

However.. reading the post above, next year should I want to do a combo method of 

300,000 in the bank plus

tot in letter of income plus

difference in monthly deposits

 in your opinion would it be possibile?  

Thanks

7 hours ago, Griffo63 said:

I've lived in Thailand for 10 years now, own my condo and am married to a Thai. I can't apply for PR as my stay here is based on retirement. On the face of it this seems unfair particularly as I've no intention of leaving Thailand.

 

Has there ever been a petition for this rule to change? 

Would people be interested in supporting such a petition? 

yes  i would support it

2 hours ago, elviajero said:

They don’t.

I,m sorry but I think they do. But I will let you know for sure once I have visited the Italian Embassy.

In Italy you have to do an end of year tax return,  any sums you recieve, pension income  or from investments etc etc, all have to go on the return.

Your tax declaration is online for the authorities. If I take my hard copy into the embassy I presume they will verify it online. 

I will let you know as i shall be going there shortly.

This brings me to another point, I have to have the assurance from the embassy that should they decide to stop the income letters that they will give at least 1 year notice. Failing this I could end up with no income letter in the middle of the year and no way of making the 12 monthly deposits.

2 minutes ago, Sheryl said:

That is my best guess too but as you can see in this thread there are other opinions and the simple truth is no one knows for sure.

 

Visa Forum Mod UbonJoe -- who has vast experience with visa matters and directives - has said he is unsure.

 

When several different TV members - and the resident Visa expert - are either unsure or disagree, you can be sure IOs will be all over the map in their understandings.

 

Best to ask your own Imm office. And let us know what they say.

As I said I'll be going there shortly, directly for the extension, and a copy of the leniency letter????,  if needs be maybe they will say I need to put on another 100,000. but it won't have been seasoned. 

I'll keep you informed. 

Is there anway we could write out different situations and submit them to Immigration to have answers on how they would answer in each situation? 

Seems some users have connections for information, but this is word of mouth, would be nice if maybe Thaivisa with our input could submit some examples to know how they would reply.

Mine first!

On 2/4/2019 at 10:45 AM, Sheryl said:

Yes, but the criteria are very, very unclear. At least 2 different interpretations floating around including one that says the fixed amount can't be less than 400K.

 

Basically no one knows.

 

there is even a report from one quarter that the whole business might refer only to first time extensions in which no issue.

 

But again, no one knows for sure. What had been listed does nto specify new extensions only.

2 hours ago, elviajero said:

If you read (5) in conjunction with (4) the intent of the rule (5) is clear - albeit it badly written (missing some punctuation) - and it has now been confirmed.

 

First sentence of rule (5): "Must have and annual earning and fund deposited with a commercial bank in Thailand totalling of no less than THB 800,000 until the filing date."

• Clearly cash and income totalling 800K.

Second sentence of rule (5) that refers to rule (4): "The said fund must remain in the account prior to and after the permission is granted and the alien can make a withdrawal under the same conditions as stated in (4)."

• Condition (4) states: "At least 2 months prior to filing date, and at least 3 months after being granted permission, the alien must have fund deposited in a bank in Thailand".
• Condition (4) states: "The alien can withdraw the fund 3 months after being granted permission and the remaining balance must be no less than THB 400,00".
• To use cash to top up income you must deposit/have the cash at least element 2 months prior to the filing date. And in order to maintain the minimum 400K balance new retirees clearly need to deposit at least 400K in cash. They are assuming the income transferred in during the initial 5 months will be fully drawdown.
• The 400K is a one time requirement as it has to be maintained thereafter.
• At this time - I assume that people renewing using this method during the next year will only need to top up their existing bank balance to 400K at least 2 months before applying.

Hi, 

I will be doing the combo method in roughly 20 days. 

300,000 in the bank and an income letter dated Dicember from the British Embassy.

I go over the required amount by about 50,000 Baht.

I have another view of the required amount to be kept in the bank, 400,000 is 50% of the 800,000 required by the deposit condition, and due to the fact there is  more than one option, one of which is the income letter.

The income letter on it's own to the full amount requires no deposit, no keeping an amount on the account for 5 months, no foreign transfers to the thai bank.

My reading of the of art 5 " withdrawal under the same conditions as stated in art 4",  is that I have to leave the entire sum I submitted for the extension approval ie 300,000 for 3 months and 50% can be withdrawn after the 3 months.

I know logic doesn't live in our musings, but it seems logical  based on all the available options. 

Hi, I'll be doing the extension in just over 2 weeks, combo method, deposit and letter of income from British Embassy, I'll keep you posted of the outcome. Does anyone have the link to the leniency letter, I'd like to take it with me....

2 minutes ago, Pib said:

After you buy the device (their website $69 USD) there is a 2.65% charge per transaction according their website.  That would be on top of whatever foreign transaction fee your card-issuing bank might apply.  And the payout to your bank account is 2-3 business days.

https://sumup.com/

 

My current credit/debit cards are no foreign transaction fee cards....I'll take 0% over 2.65% and immediate deposit to my Thai bank account versus a 2 to 3 business day payout any day.  

 

But for some small businesses I expect Sumup would work out just fine to collect payments for services/products.

 

 

 

 

uk site  is alot cheaper https://sumup.co.uk/  and 1.69% commission.  

I agree about te 2 to 3 days, but if it is you both on the receiving end and the paying end, then your expenses will be only the commissions paid by the recieving end. 

Also the discussion started as if I go into  bank and withdraw cash using my card deposit it on my account would it result as foreign

deposit, to which the answer was no. 

Would this work as a foreign deposit? Always? (unlike trasferwise) And could it be cheaper in costs than a swift?

Also I'm guessing having a thai credit card (secured or not) ( even debit card as it works with both)  and 2 sumups it would be possibile to return excess to the foreign account in the same way.   

looking at some of the transactions on 411 euro there was a deduction of 8 euro, American express.

On 160 euro  3.12 euro. mastercard.

On 189 euro  4.69  visa.

Price on site for the pos is nearly always discounted to 19.99 pounds or euro ( italy with 1.95% commission).

Guess it's not convenient  65,000 x 1.96 = 1274 Baht, but am I right in thinking it would secure the  foreign code needed?

On 1/11/2019 at 9:08 AM, Pib said:

I do it all the time...that is, use of my foreign debit card to do a counter withdrawal (a.k.a., cash advance) and have that withdrawal deposited directly into my account.  But it gets coded as a domestic deposit.

 

It's kinda like a combo transaction (but it's really two transactions).  The money never touches my hands or the bank clerk hands.  The clerk actually does two transactions: Step 1 - does the cash advance transaction which puts the withdrawn money into kinda of a holding pattern...probably put in central account for a few minutes.  I do get a receipt at that times just like any other receipt you get when making a purchase, doing an ATM withdrawal, etc.  And then Step 2 (really a separate transaction from Step 1) - deposits the money from that holding pattern to my account a few minutes minutes later which shows as any other domestic deposit.  During step 2 the clerk prepares a deposit slip and has me sign it....then the clerk finalizes the deposit to my account...we are done.

 

I doubt a person could convince the bank to code that two-step combo transaction as an "international deposit/transfer."  Expect the same if you had withdrawn the money from an ATM within the branch and then immediately deposited it at the counter.   But "This Is Thailand" and maybe a bank branch here and there would do it if asked nicely. 

 

I can only say my combo transaction gets coded as a domestic deposit...whether I've done the counter withdrawal at Krungsri Bank or Bangkok Bank.  But the next time I do a counter cash advance (still months away) I do plan to ask the question.  I figure the worst that could result is a "no-can-do" answer....gotta be coded as a domestic deposit....have a nice day.

 

For work I use a handy little POS credit/debit card reader, inexpensive, small, works in conjunction with your mobile, via bluetooth and app. Costs 20 euro, called Sumup. You buy it outright and pay commission on the transactions, very convenient especially if you have few transactions.

You have to send the company a copy of your document and bank details (iban etc) that have to have the same name as the document provided. 

So working on these details how would this work... instead of going into the bank with your credit card you put it into your own personal POS and send it to your thai account?

On 1/9/2019 at 4:46 AM, ubonjoe said:

That is in the clause for extensions of stay based upon marriage. The tax payment is the proof of income needed if the 40k baht income is from working here.

would that not count for retirement extension? Income from rentals in Thailand.

On 1/9/2019 at 4:36 AM, skatewash said:

I may be wrong about this but my IO has never expressed an interest in where my 800,000 baht comes from.  I'm not sure for the money-in-the-bank (for a 3-month seasoning period) method that it has to originate overseas or more accurately that they check this. To be clear, mine does originate overseas but I don't believe I've ever shown the IO anything that shows this.

In any case, it appears you're taking a belt and suspenders approach to getting your extension (by meeting the requirements of both methods).  As someone else on here has said the money-in-the-bank method is really the gold standard for getting extensions of stay in that it's the easiest one to show and everyone (applicants and IOs) has experience with doing it.  Additionally, nothing about that method is changing this year.

You may find that when you go into the IO and the officer sees that you meet the requirements for the money-in-the-bank method (800,000 for three months) he may insist on using that method because it's easiest for him to verify.  Much easier to verify the balance doesn't drop below 800,000 for three months than that all the monthly international transfers have occurred as needed over the last year.  Also, this year, 2019, most applicants aren't going to be able to technically meet the 12 months of deposits and are going to have to be granted some leeway in meeting the requirement with fewer months than are actually required.  Given that if you do what you plan as stated above I would think the IO would go with the method that you completely satisfy rather than using the new monthly transfer method for which you would have to be granted relief for not having the full 12 months.

 

If it were me, I think I would go with the 800,000 in the bank method in 2019 and if you wanted to in 2020 when all the dust has settled on the new method give it a try then.  All the kinks should be worked out by then.  The format of the bank letter that immigration wants to see.  The understanding of which transaction codes are acceptable for proving an international transfer.  Whether there's any flexibility for missing a single monthly transfer, whether it has to be over 65,000 baht per month or whether it's acceptable for only the average to be over 65,000 baht per month.  Lots of unanswered questions that should have answers by the time 2020 rolls around.

 

In any case, nothing wrong with what you're planning to do, but maybe a bit of unnecessary work mucking about with the monthly transfers.  I believe everyone is expecting there to be no changes in the tried-and-true money-in-the-bank method, at least I am ????

I think that the opposite tactic is better, not to produce the 800,000 route as you have it and know it would be accepted, but to produce the deposits, and see if it is accepted. It's a learning curve, otherwise you will never know without going out on a limb. If they refuse it then pull out the 800,000..