NoDisplayName

Learned more interesting things today. My credit union not only limits ACH transfers to $5,000/day, but also limits to maximum $15,000 over 5 business days. Smells like freedom.

Oh, you may think that at first, but that's all part of Trump's brilliant 44DD chest! He'll string you along just enough for you to get your hopes up, and then he'll apply his "maximum pressure" campaign to bring your economy to its knees. Y'all talk big now, but what are you gonna do when Trump blacklists your fleet of dark maple syrup tankers, sets a ceiling on the price of plywood, and confiscates your national strategical putain reserve? You'll be begging to come back and become the 51st state, but you'll go to the back of the line after Panama and Greenland and Cuba! Winning!©

I can see it now............boy-child and girl-child, both 13, ride their unregistered scooter, without a license, without helmets, after midnight, to a secluded ricefield where they smoke some some weed and drink some of daddy's liquor, but when girl-child starts to get frisky, boy-child steps back, utterly shocked, and says.... "sister, how can you behave suchwise? knowest thou not that intercourse of the sexual nature is banned for younglings such as ourselves? we must remain chaste until our twentie-twosies, lest we bring shame upon the hub of morality!" "i see, brother. i was grievously wrong, please forgive my unforgivable infraction. let us play chess. and give me one'a dem yaba pills." "now you're talkin'!"

.........or more bald Chinese tourists!!

You are going to the Wise website, pulling from your bank. That requires additional processing by your bank and additional fees from Wise. If you push from your bank to Wise, it should be faster with no Wise fee for the transfer. Wise connected bank account fee (ACH) USD to THB: $1,000 $1.70 $5,000 $8,49 $10,000 $16.97 $20,000 $33.94 No ACH fee if sending directly from your balance. I send money by free ACH from Fidelity. That is processed just after 9am New York, received by credit union within an hour or two. My credit union batch processes ACH transfers after midnight, money reaches Wise around 8-10pm Thai time. Send by Wise usually received at Bangkok Bank the following day by 2pm. When first using Wise, I had the credit union as a firebreak between them and Fidelity. Have recently tried to link Wise directly, but Fidelity does not recognize the Wise routing number. Required to use Fidelity's 3rd party validation service which does not send OCP codes to non-US numbers. No problem with direct link with Schwab. That should speed up the process by skipping the credit union.

But then there are hiccups using the ACH system to get the money to Wise for transfer to Thailand. Sold some funds at Fidelity for half the required amount on Monday, cleared and sent to my credit union on Tuesday. Credit union does not put a hold on incoming ACH transfers, can send out immediately. Only then did I learn that ACH transfers out of the credit union are limited to $5K/day. That's disappointing. No problem, I can pull from the credit union with my Schwab account with no limit. Only then did I learn that although incoming ACH transfers can be used for fund purchases the following day, Schwab puts a 3-5 day hold on withdrawals by ACH. Well, okay then. Sold the other half at Fidelity yesterday, having Schwab pull today, can be transferred on the 15th to Wise, send 1.95 million baht to Bangkok Bank before the next public holiday on 28 July. https://www.timeanddate.com/holidays/thailand/

Probably the amount then. 21K baht would be within the automated system transfer limits. 210K baht may require human processing/authorization.

You sent on July 9th. July 10 is Asalha Bucha, Thai banks closed. You get your money July 11. Asalha Puja Day (Asanha Puja, Asarnha Bucha, Dhamma Day) is a Buddhist festival that occurs on the full moon of the eighth lunar month, which is usually in July. The festival pays homage to the Buddha and commemorates the Buddha’s first sermon and the founding of the Buddha’s Sangha - four noble truths. Asalha Bucha is a public holiday. It is a day off for the general population, and schools and most businesses are closed.

Handing out free TACO's to the illegal Mexicans? Dass like rayciss, yo.

What, you assume an international drug syndicate allegedly torturing hapless British female tourists into becoming drug mules doesn't carry multiple product lines?

What do you mean? Trump built a big, beautiful wall. He sent the bill to Mexico.

Have you forgotten January 6th already?

And then when she completed the ironing, the toxic male scoundrel ordered her into the kitchen to make him a samm'ich! Oh, the humanity!

I'd like to send the maximum amount to Bangkok Bank, 2 million baht (approximately US$60,000) for property purchase. Has anyone had any recent problems transferring large sums? Never had a problem in the past 4-5 years, but most transfers have been US$1000-5000.

uhhhhhhhhh, sure.

Assume you mean you open account and she inherits. It's the wife's money, right? She opens the account in HER name. She can get 7% on HY bonds and have 15% withheld for IRS, or get 30% on tech funds that don't pay dividends, paying 0% on the capital gains. If proposed rules change passes, no tax on current year income remitting into Thailand.

You're not signing a NEW policy each year, you are extending the current policy. It's kinda like getting an extension of stay based on your original visa. "Pre-existing" means prior to commencement date of the policy.

You said that word again! Be careful! If you say it three times, you'll conjure the "Tax Clearance Certificate" demon!

Why not open a Schwab International account, put the cash in ETF's? 15% withholding on interest and dividends, zero tax on capital gains for non-(US)-resident aliens. No US tax filing required.

Big deal. They bought a 737MAX and painted 'Made in Thailand' across the Boeing logo.

Sure, but was the all-important provision that the tax only applies to "physical cash", like cash money orders cashiers checks, being sent? Are banks and "financial institutions" still exempt?

The downside to self-insuring, when 300K baht expenses (~US$10K) depletes the fund.

I don't expect a rebranded $150 made-in-China T-Mobile smartphone purchased for $500 with a rebranded overpriced service contract will be worth all that much after 47 gets 25'd.

Not really enough to fulfill the dream of opening a bar. Have you considered buying a tuk-tuk?