victory015

On 12/5/2017 at 7:54 PM, oobar said:

This may be the best advice available.   My wife and I go back more than thirty years with Kasikorn Bank (Thai Farmers), and our memories are full of absurd technicalities and surly branch bank managers besot with their sense of importance.  We opened Bangkok Bank accounts four years ago, which we use almost exclusively now, and it was like moving from a cloud of suffocating fumes into fresh air.

I wrote to kasikorn bank email, one email said foreign exchange transaction is sufficient to transfer to my home country. I then ask for a contact person in the bank to back me up when I go to kasikorn Branch. They replied work permit may be  needed.

It is a nightmares talking to kasikorn bank.

If you all want to see my correspondence between kasikorn bank and me , I am happy to paste it in forum.

15 minutes ago, yankee99 said:

 

Anyway if you are transferring the money to yourself there are 0 problems with kasikorn. If you are transferring to another name or business they'll ask for a purpose. Not to hard to figure out how to give them a purpose

In fact, I want to transfer to my account in my home country. Kasikorn bank denied me from doing so.

2 hours ago, xylophone said:

This from The Bank Of Thailand.........it is allowed so suggest you try the highest level in the bank. If no go, then enquire at another bank what their policy is and if they agree that a transfer is possible, then open an account and deposit the funds. Leave for a short while then transfer.

 IV. FOREIGN INVESTMENTS

Transfers in foreign currency for direct and portfolio investments in Thailand are freely permitted. Proceeds must be surrendered to an authorized bank or deposited in a foreign currency account with an authorized bank in Thailand within 360 days.

Repatriation of investment funds and repayment of overseas loans can be remitted freely upon submission of supporting documents to an authorized bank.  For repatriation of investment funds, evidence of sale or transfer of such investment shall be submitted.  For loan repayment, evidence of inward remittance of such loan and loan agreement shall be submitted.

https://www.bot.or.th/English/FinancialMarkets/ForeignExchangeRegulations/FXRegulation/Pages/default.aspx

I also found out this page, and show to the bank employee. They still told me "cannot".

1 hour ago, HooHaa said:

its pure ignorance.

so many ways around this. 

tellthem you are closing the account open up with a bank that doesnt cause you problems.
 

They don't care whether you close account or not

40 minutes ago, xylophone said:

Yes there are..........and trying another branch of the same bank can also work. Seems like staff can interpret "rules" as they see fit! 

 

Also if you have the FET paperwork and then show the sale receipt for the condo that should do it. The source of funds sometimes seems to throw the bank staff, so a sale receipt can work.

I have tried about 10 branches of kasikorn bank. I called their call center many times. The answer is cannot.

52 minutes ago, observer90210 said:

Could you please give the name of the bank in private message ? As I will avoid such a bunch of cheats.

The bank is kasikorn bank.

In 2014, I transferred money to Thai bank for condo purchase, from my home country. I got a foreign exchange transaction form from the bank.

I sold condo and want to transfer money back to my country. The bank forbids me from sending money back home.

The bank said only can transfer for purpose of education, or house purchase in my home country.

What is this nonsense?