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Vermaric

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Posts posted by Vermaric

  1. 1 minute ago, ubonjoe said:

    Actually mine did me a favor now that it is official I can show the my income going into my Thai bank account. Been doing that  for almost 7 years.

    No annual trip to Bangkok to get it and paying around 1700 baht for it.

    The UK consulate charged 2,500 baht for a simple letter which didn't verify anything, it only confirmed the figures the applicant had supplied. The letter should have taken around five minutes to produce so their staff must be on an hourly rate of some 2,500 baht per hour! lol

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  2. 3 hours ago, Eligius said:

    On the face of it, this looks EXTREMELY worrying for British retirees here. The irresponsible action of the British embassy in not confirming a retiree's income flow could be the death knell for many Brits here. Also, as far as I understand it, the British Government will not send pensions into a Thai bank account (only into a British one), and not every British bank will automatically forward a pension to a bank account in Thailand every month. Maybe I am wrong. 

     

    Perhaps it is not as bad as I fear. What do other members think?

     

     

     

     

    Yes, you're wrong, the UK government pension payment for ex-pats is managed by City Bank and they pay into Thai banks either fortnightly or monthly. The same applies to private pensions providing you make the necessary arrangements apart from private pension companies pay on the correct dates excluding bank holidays.

     

    Like most banks, if not all City Bank will hold that money for as long as possible to enable them to invest in the overnight interbank lending markets gaining them a high rate of short-term interest from your money. 

     

    The British consulates responsibilities do not cover verifying income payments, they're main responsibilities are croquet, cocktail parties, and of course their expense accounts, not necessarily in that order. 

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