Best solution he has come up with so far. On his way home (NZ) from Thailand, stop in HNL, open an account at BOH, wait 1 week, transfer money from BOH to his NZ bank. He's on a 60 day VOA in Thailand.
A friend has a US check made out to him which he has been unable to cash. It was his 401k settlement from his time with Schlumberger. Any suggestions on how he can cash the check. He is not a US citizen.
My IO (Udon) said they would only accept money from a retirement account (they mentioned Social Security). I asked Siam Legal who said all foreign transfers are acceptable. However my local IO doesn't agree.
Suzuki is closing its Thai auto plant end of 2025.
Subaru is closing their Thai auto plant at end of 2024.
Honda is ceasing auto assembly at its Pa-In plant. It will be used for parts in the future.
Hyundai is building an EV plant and EV battery plant in Thailand. Scheduled to start in 2026.
I guess the writing is on the wall.
I think so. We got a new immigration chief last year. A friend went for his retirement extension (17th) with his BBL printout of all deposits. I did the same in January (24th time).
Thanks for the reply. My friend suggested I open a separate account just for SSA direct deposits. He has one with BBL with no restrictions. I will try Kasikorn.
I wanted to open a new account solely to direct deposit my monthly SSA payments. Presently my SSA payments go to my US bank. I would transfer 65k+ baht monthly to my BBL account to renew my extension on my Thai visa each year. Thai immigration said they will only accept deposits directly from SSA to my BBL. I went to BBL and they gave me a Direct Deposit account, no ATM access, no internet access. I will have to pick up the money in person each month and deposit it in my regular BBL account. If I direct deposited my SSA payments to my existing account they would cancel the ATM access and the internet access for that account. After I received this new Direct Deposit BBL account I called BBL (1333) and they verified this is the correct procedure.
I have been transferring 65k+ monthly for 24 years without a problem, however this is no longer acceptable with my local Thai Immigration.
In the past as long as the incoming deposits were "International Transfer" they were acceptable to Immigration.
What is the cutoff amount between an ACH and a wire transfer? After one of my recent transfers (US bank to BBL) Wise sent me a message: "you would have saved $xx.xx by using a wire transfer instead of an ACH transfer. I imagine the magic number is between $2500 and $7000.