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Ray1167

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Posts posted by Ray1167

  1. did it about 2 weeks ago . no probs to pay with USD at all at the Laos immigration booths on far side of bridge. change your baht into US dollars at the market in Nong Khai - the big one along the river. There's a jewellery shop which advertises 'money changer' .

    You may or may not save money doin in USD depending on your nationality; Laos visa is now $ 35 for most , $ 30 for Aussies , $42 for canadians . I'm assuming the THB cost is still 1,000.

    Hope this helps

  2. there must be a good reason for holding GBP outside the UK . HSBC singapore will pay only 4.18% annual interest , providing you deposit a minimum of 25,000 quid and tie it up for a year . In the UK , if you shop around you can get instant access savings accounts , no minimum balance and more than 5 % AER ( especially as a non resident paying zero tax )

  3. from what you say here , you have already researched and come up with the answers . Accept that the Thai must own the land , and be sure the value of it is not something that will 'ruin you ' should you later walk away. Get your name entered on the back of the chanoot ( land certificate ) and build in a usufruct clause registered with the land office at the time of transfer. This ( in theory ) gives you lifetime rights to use the land and will survive any break up in the relationship. If you later build a house on the land , make sure you get a 'tor tor sam' document from the bank evidencing it was your money (remitted from overseas ) that paid for it . And a contract from the builder , again in your name, not hers. This is my basic understanding of things , hope it helps . Good luck

  4. the reason the highway cops are more 'active' right now is of course that Songkran is almost upon us - they must find a way to obtain as much BEER money as possible , forget tea money. I have noticed a pattern where i live , whereby several days before they get their monthly pay cheque - the traffic police are out making random pulls . Almost without fail. Now , i find it funny but i didn't at first .

  5. send , say 10,000 pounds to begin with via SWIFT to BKK Bank . And get a Tor Tor Sam ( foreign exchange document - which becomes necessary if at a later date you need to use the money for a condo purchase or else return the money to the UK ) Then send the remainder in equal portions - reason , i may be wrong and it wouldn;t be the first time , but there are limitations on how much cash you can import into Thailand in one go. The government may 'impound' some of it if you breach the limit . Regards

  6. the best value hotels are on / around love lane in central Georgetown. The Love Lane Inn has what could be described as a family room with a double bed and single bunk overhead. The prices / facilities are reasonable . The downside is that the love lane area of Georgetown is pretty far from the Thai consulate - there is no accomodation that i know of over there. However, enterprising young Jimmy , the owner of the Love Lane Inn will get your visa sorted out for you to save you the journey. I've been going there for years.

  7. Fact ; Currency T/Cs are drawn on a foreign bank, say for example in the UK. IF you endorse those cheques by signing them on the back , you are effectively making them negotiable instruments payable to your Thai bank. They may agree to clear them by sending them ' for collection' to the foreign bank they are drawn on . In settlement , they will receive a remittance on their account with their agent bank ( not necssarily the same bank ) in that country representing the value of the T/Cs .In order to reconcile their account , the Thai bank then pay the amount over to their Farang customers account ( after converting into THB ) . IF thai banks can do this , then this method would be categorised as an overseas remittance . Because in this example, their GBP sterling interbank account would reflect the transaction , so would the resulting FX deal. Same as a TT .

    In practice : certainly worth a laugh trying to explain that one to the cashier at your local Thai bank.

    Simply cashing T/Cs then depositing the cash is no better than using an ATM card to withdraw the funds. Its not an overseas remittance.

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