Date Masamune
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Posts posted by Date Masamune
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4 hours ago, Tanoshi said:
Find a girl, settle down (as the song goes) get a Non Imm O ME from Savannakhet.
No more 90 days, no more proof of incomes, or deposits held in a Thai bank.
I would not marry for a visa but, Good enough advice until the goalpost is again moved.
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If you are American at Bangkok Bank all you have to fill out a from and provide a SS number.
US is one of the largest economies in the "foreign" bank s don't want to be locked out so they comply.
Filing a FBAR is the depositors responsibility takes all of 5 minutes.
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23 minutes ago, Thomas J said:
800k tied up in a Thai bank at near zero interest. AT&T stock pays a 6.8% dividend, Royal Dutch a 6.09% dividend and British Tobacco Company a 7.7% dividend. So that idle money costs you far more than the $1,800 baht to renew the visa not counting the risk of the baht being devalued or the Thai government suddenly nationalizing the banks. Lastly, getting money into Thailand is easy. Getting it out is another thing.
It is nice to have money to invest but as I said most of the "Thai banks can't be trusted" fellows really are just short on funds..
Nationalizing the banks? Get real. And what if they did still does not mean individuals money would be confiscated.
Getting money out of Thailand is as difficult as going into your branch and requesting a wire there are no capital controls.
An old barstool legend from people who have not worked since the 1970s.
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The true translation of don’t trust Thai banks 90% of the time is “can’t stump up the 800”. There is no problem with Thai banks.
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On 1/11/2019 at 8:46 PM, yang123 said:
Bank of Bangkok (BB) website sets the criteria below to be filled before an account may be opened.
Have any BM's opened BB accounts since the kerfuffle about income certification erupted and, if so, what documents did the branch they approached ask for/accept?
Many thanks in advance for replies.
Required Documents2. Foreigner without work permit
- Passport
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A reference letter issued by one of the following institutes or organizations or required document
- Embassy located in Thailand
- An overseas bank where the customer holds an account sent via SWIFT
- Trusted individuals such as a Bangkok Bank staff member or customer, director of a private company, permanent residence in Thailand, government or private educational institutes located in Thailand trusted by the Bank
- Trusted companies, e.g., an employment letter from the company if the customer is in the process of applying for a work permit.
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Document showing ownership of a fixed asset such as a condominium sale/purchase agreement (a condominium which is acceptable to Bangkok Bank) Or a property reservation agreement valued at 100,000 baht or more with a reference letter from the property developer that is acceptable to Bangkok Bank.
Notes: Contact addresses for both Thailand and overseas must be provided (hotel and P.O. Box addresses are not acceptable).
The kad swan kaew mall branch in Chiangmai had been foreigner friendly I opened accounts years ago. Same rules.
There is no rule against it so how does a Thai bank benefit from turning foreigner away?
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Oh dear now this. Use up the ACH transfers years ago, but have not been using it for a while
I guess I have to look into this Transferwise product.
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47 minutes ago, milwaukeeboy said:
"My friend" goes with the Elite Visa because he is American and cannot stand that the IRS forces him to file the FBAR every year which requires him to report all balances in foreign bank accounts. Even though 800K isn't a lot to him, he cannot stand the intrusiveness of what he considers to be a globalist police state.
Your friend sounds very confused. Where does he keep his money then an American bank or brokerage that reports income and balance automatically?
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Make all non work Visas 300 baht per day paid in advance.
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What is bewildering ? Seasoned 800,000 for an extension then check it is still there at next 90 report.
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17 hours ago, JackThompson said:
The LA Consul is correct, but what happens at a Bangkok airport is outside the laws and rules which the Consul is likely relying upon to inform their statement. TAT has given similar responses. They cannot exactly admit / qualify their statement of fact with the caveat, "But, the capital-city airport immigration don't necessarily follow the law, so better to fly to Penang and take a train in."
If over 50, an OA Visa from the LA Consulate is a good way to deal with the problem. You won't even need to bother with a re-entry permit until the 2nd year of use, since the Visa is Multiple-Entry until it expires, and the expiration-date is one year after issuance.So how do I get to Penang from Incheon, or San Francisco or Osaka, then waste my days off to get on some series of overheated mini-vans and slow trains?
Perhaps I should ride to Chiang Mai on the back of an Elephant? No I'd just as soon take my toys and find another sandbox.
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7 minutes ago, Ctkong said:Correct. If time is of essence to you, then just plunk down some money for a thailand elite visa. Pays itself back many times over. I bought one for my myanmar girlfriend and coundn’t Be bothered with the immigration rules. She just fly somewhere before 90 days is up and got a new stamp upon entry. Easy . In fact she flies about 8 times a year so no problem at all.
Why should she fly somewhere every 90 days when Thailand elite is 1 year stay? A fake story perhaps?
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20 hours ago, JackThompson said:
In that case, you have already been identified as a foreigner who "sticks around too long" as a Tourist. I would guess you spent more than 60-days/yr here in the past. There is no legal limit or definition of what "too long" is, but some IOs pretend such exists - or make up some number to suit on the spot.
Due to past longer-stays, which IOs at some entry points (both Bangkok airports) find personally offensive, and their ability to act with impunity, I would enter only with a valid Tourist Visa from this time forward. Always carry 20K Baht worth of cash or travelers checks, also (this is a real rule).
Personally, I would also never enter by air again - sticking to land-borders, where the actual laws are followed (every land-border except Poipet/Aranyaprathet). At bad entry points, they have denied-entry to others for "not having money" - who had plenty. But, as they say here, "Up to you."No I don't meet that profile Im not about to start faffing around with tourist visas to stay in Thailand 10 days. LA consul says short stay Americans don't need a visa
Land borders are not an option. No time this next trip but looking at either elite status or O-A Visa and reentry permit.
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What is the one page contract? Anyway I was threatened with denial of entry for no money, what is ridiculous.
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I just want to get my ducks in a row. Had a problem about 18 months ago and don’t want to deal with that again.
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Why would they want to see proof of owning a condo at the airport?
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Not proof of ownership proof of accommodation. If not staying at hotel can’t show proof of booking.
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Not possible to get yellow housebook from Chiangmai land office unless I get a o, with one year extension or o-a visa.
What if the chanote is lost or stolen?
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If I am asked to show hotel bookings show the internet printout of course but how to show proof of accommodation in my own condo to an immigration officer at suvarnabhumi airport?
I will only be in Thailand total maybe 60 days this year on multiple trips. Carrying my chanote around would be too dangerous and a hassle.
The Real Problem With Keeping 800K In Thai Bank
in Thai Visas, Residency, and Work Permits
Posted
This is not true I know many Americans have the international investors account who live aboard. The service is excellent. Schwab does need to know where your income comes from.
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