bikerlou47

On 11/23/2018 at 4:17 PM, jacko45k said:

Flawed Maths, there were only 36% currently using income verification not 53%,

The difference is those using yearly O, ED or tourist stays and there is no expectation they will change.

OK 36% of what total number? Would love to know the answer to that question.

If we assume approximately 25,000 USD for everyone of those 36%, lets do some quick math.

1000 EXPATS would be 25 Million USD

10000 EXPATS would be 250 Million USD

my point in starting this thread was The Thai banks have to love this change!

On 11/20/2018 at 7:52 AM, overherebc said:

If the bank is aware you have passed on they will freeze the account. Someone may be charged with theft???? for using the card.

A will is the only way.

I went to Bangkok bank today..I was interested in daily limit and about if it was possible to name a beneficiary. 50,000 daily limit..with an exception with a call you can get 200,000. They recommended a will and my lawyer agreed.3000 baht for the will.

Thanks to all for their input.

BTW I only have a bank account everything else is already in my girl's name. She is the joy of my life we have been together 14 years.

17 minutes ago, khwaibah said:

My account is with Bangkok Bank. The account is in my name and my name only. At  Bangkok Bank I signed that account over to my wife when I go to the BBQ. All she has to do is present the BBQ certificate to the Bangkok Bank and that account is hers. No lawyer is needed.

Maybe because it is your wife? I will check with Bangkok Bank to see if I can do the same..thanks.

BTW this information came from KHORAT IMMIGRATION

3 minutes ago, Swiss1960 said:

Discussion with who of competence? Your barstool friends?

Been reading almost all threads about this and the Visa experts on Thaivisa - like Ubonjoe - all say that nothing is clear and in writing at present.

Sorry that I trust them more than you.

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Oh please that is exactly what I said "AT THIS TIME"

2 minutes ago, ocddave said:

3 months, or 2 months? I see 2 months referenced on the Thai Immigration site.

 

https://www.immigration.go.th/content/sv_stay2.18

 

I was told 2 months if it is your first time to use the deposit method

3 minutes ago, buick said:

as i understand, you really need the will.  as noted by another, the account can be frozen upon your death.  i've been looking into this and got quotes ranging from 40,000thb to 5,000thb.  i told the firm with the 40,000thb quote that i was only listing two bank accounts, nothing complex.  but they stuck to their price.  so i'm now working with the person who quoted 5,000thb.  i'm trying to determine who i should use as an executor as i don't want the beneficiary to know they are getting the money upon my death.  if i wanted them to know, i'd have the executor and beneficiary as the same person.  unfortunately, you can't just list a beneficiary name with your bank (like i do in USA).  i was also told i could do the will myself, get it translated, and file it with my local amphur for a cost of 15thb (not counting the cost to translate). 

Thank you Sir..for an intelligent response

1 minute ago, KittenKong said:

I know some families who wont wait until you are dead to start doing that.

Nothing like changing the topic!

After a discussion yesterday it is clear there is no option to use a monthly option.The only way to satisfy immigration is to make the deposit and park it for 3 months.

Keep in mind things may change but right now get a Thai bank account under your name and begin the process of depositing monies!

I for one hope that there will be an option to satisfy a monthly option.

So after you are dead and burned your account will live on?

Along that line how does one pass on the 800,000 if the XPAT passes on?

Beneficiary possible on the bank account?

or

Do we need to get to a lawyer and get a will?

Ok as usual Beer Chang has taken over this thread so I will sign out..UGH!

That is clearly false the combination method is clearly stated as one of the options.

Keep in mind for those who need to renew in July they will need to put their funds together by April not that far off!

Thank you but I am beyond the 6 months.

My girl has just called Immigration here in Khorat she was told they dont care where the money comes from as long as it meets the requirements.

Since there is no more Embassy letter I dont see that working.

I would like to communicate with someone actually using this method.

PLEASE if you don't use this method DO NOT REPLY!

Funds deposited in the THAI bank.

1>Must they come from a foreign bank with documentation if so what is the documentation?

2>Must you show the pension portion for the previous 12 months?

3>If the funds are brought over thru an ATM then deposited does that meet the requirement?

4> Must the deposit of the additional funds over the pension amount need to be seasoned for 3 months?

My situation:

I use the ATM to take my pension then deposit in Bangkok Bank I have documentation from my USA bank that the pension funds were withdrawn. Will that be accepted?

If I sell my Motorcycle can I place those funds in the THAI bank to meet the amount over my pension?

Thank you so much 

Is there anyone out there that is using a combination of pension and deposit to get to the 800,000 baht requirement?

Thank you

It is hit and miss.. whatever they ask offer 50%

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Thank you

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