bamboozled

Thanks all. I'm asking about Chiang Mai for myself but if folks wnat to throw in Bkk stuff, have at it. La Favola was pretty darn good and kind of hi-so therefore a nice break from my usual MO. That's what was half the fun. You felt like you were on vacation somewhere else. Auf der Au is great and a completely diff experience. I see the Centara advertises buffets but not sure about the alcohol drink situation.

I used to go to the Meridien on occasion for this type of thing, La Favola restaurant, and was pretty satisfied but they're closed right now. If I remember, it was about 2k (pre covid) including open bar. Anything like that to recommend, folks? Thank you, Bamboozled

I always feel like I ate fast food after a 5-star chicken. That is, I feel bloated and my stomach heavy. Makes me wonder what they do to the chickens/put on them. Nobody else has this reaction? I don't get this from other roasted chickens, just the 5-star. It kind of tastes too good, too delicious, too juicy, etc... So I tend to steer clear of 5-star.

I sent 69k on Aug. 9 and it arrived via local. But I did not play around seeing if anything would change. I will next time.

I will give it a try, thanks!

Yup. There doesn't seem to be rhyme or reason to it. You're one of the lucky ones.

I suppose one could do the 65k per month and if unacceptable to Immi, for some reason, switch to an agent.

Yes, you don't have to hold the money in the account. Spend as you see fit, when you see fit.

So everything is as clear as mud; par for the course. What's frightening is one can do his/her best to adhere to the rules but not everything is in our control. It comes down to the moment the Immi officer yeas or nays an application. And a nay can have drastic consequences. For example, as mentioned, I had done the monthly transfers and gotten the credit advices and printed out the Wise transfers, etc... Immi officer wasn't having it. Luckily, I could get a visa in Savannakhet but a year prior, due to Covid, that wasn't an option. I would have been...up <deleted>'s crick without a paddle.

I have accounts now at SCB, Bangkok Bank, and Kasikorn. Yup, I'm very cool. I will use any account that works for Immi. My latest choice is Kasikorn as more often than not the transfer seems to arrive via Kasikorn.

Thanks Khun Per, it's all too expensive for me.

I'm on it! Thanks again.

Thanks Gwapo. I had opened a business account via the lawyer and he had an in-house person to do the accounting. It was a legit business just that I was only using it to invoice another company abroad to invoice my expenses. So the accounting was very simple: no employees, no billing. He delivered what he said he would but I can't comment really if his cost was high or not. He just had a weird way about him and would talk talk talk while saying absolutely zero. It was an amazing ability. I DID realize he was full of it when I closed the company for 150 baht compared to 30/40k quoted by him.

This is great info, thanks so much. For the credit advice Bangkok Bank via Kasikon/Wise, that did not work for me 2 or 3 years ago. They wouldn't even look at my documents. They just didn't care to take the time to look. I had all that info and all the documents. I had to get a 30 or 60 day extension to visit wife and then go to Savannakhet for a new visa. Luckily, that was possible.

Getting the monthly credit advice, right? I guess I'll try that. I'm two months behind on getting those now but I guess I need to stop at the bank. It's all a bit annoying. I hope they like it at Chaing Mai Immi. By the way, is it true that it has to be at least 65k in one transfer (and not two transfers equaling at least 65k) and on the same day each month? One friend, who uses Wise via Bangkok Bank Funds for Long Term Stay with nary an issue....comes up international every time, told me this.

That's possible. But one won't ever get it using Wise to SCB as they don't transfer directly to SCB but via Kasikorn or Bangkok Bank. But for SWIFT perhaps possible over 50k.

Thanks for the input. When I opened a business 15 years ago, the money in the bank was not required, at least initially. I vaguely recall the lawyer might have said that eventually I would need to deposit that money. But I can't be sure. I also checked with a lawyer about my wife opening a sole proprietorship and I thought she said the money had to be deposited. This was about 3 years ago. The first lawyer was a whack job so perhaps he didn't mind bending the rules. The second lawyer I believe to be more upstanding/plays by the rules and perhaps that is why she said I needed the money (if indeed she said that). Things have changed since 15 years ago and gotten more stringent so it didn't surprise me. I think I worded my beginning statement perhaps incorrectly. My real desire would be to hire one or two employees to run a small online business. Not one where I would do work but pay others to do it. But to do this above the boards and cover my butt seems to require a whole bunch of paperwork and fees and taxes apart from the million baht capitalization. So it just doesn't make sense or cents.

So....I have no idea why some people are getting international transfers and some not.

Just to flog the dead horse...another email and response between myself and Wise. Me: "Hello Laura, Thank you for your reply. I’m sure you’re aware of the following info by now as it’s an issue for many expats living in Thailand. For obtaining a visa to stay in the country, we need to show immigration that we have a certain amount of money coming into our account every month. And it is necessary that it shows as a foreign transfer; that the money came from outside of Thailand. This is to show immigration that we have money to support our lifestyle here. In the past, I have tried to use a credit advise/FET but immigration would not accept that as proof, even showing the paper trail from the money coming out of my US bank, being sent to Wise, showing up in Kasikorn as a foreign transfer (or Bangkok Bank or Deemoney) and then being sent to another bank account I was using at the time here in Thailand (not Bangkok Bank but SCB). I opened the Bangkok Bank account specifically so I could receive the transfers as international. I can use SWIFT but that is much more expensive not to mention slow. If there is some notation that can be made that my transfers to my Bangkok Bank account need to show as international, yes, please, I confirm that I would like to set this up. I realize that this can delay the transfer somewhat and so it may not arrive in seconds but can be days. That’s not a big issue for me as the correct international transfer proof for immigration/visa is MORE important. Also, if transfers to my other bank account on file, SCB, can continue in the normal way, that transfers are often only seconds in the making, that would also be valuable to me. If we can set this up for today, May 31st, I can make a transfer (international) that will suffice for my visa obligation. As it stands, the transfers I made this month so far won’t qualify and this puts me in a big bind as I need to show this money coming in every month for twelve months continually. If one misses a month, one must start over. And visas are for a one year to missing a month of transfers can, in effect, result in having to leave the country. Not ideal when one’s life and family are here. Please advise on what we can do/what I need to do. Thank you very much." Wise: "Thank you for reaching out to us. If you want to send international transfers, these need to go through the SWIFT international payment network. USD is sent to bank accounts outside the US only via the SWIFT payment network. This is different from a regular Wise transfer and could take a day or 2 longer. It also costs a bit more because it goes through intermediary banks, but is still cheaper than more traditional methods of sending money overseas. If you have any other questions, let us know Kind regards Claudia, Wise"

And here is another email I sent to Wise and then following it their response. Me: " Hello, my recent transfers have arrived as local transfers and not international, including the one today. In fact, everyone this month whereas the ones last month were international. For visa purposes, I need the transfer to be international. Is there a way to change there to international or is there a way to know if future transfers will be local or international? Immigration, in my past experience, will not accept a bank advise or FET. This caused me a huge headache years ago and I thought I had solved this by opening up a Bangkok Bank account and sending the money there and not my SCB account. Last month was fine but as stated, this month they have all appeared as local transfers. Please advise. (and yes, I labeled them as "funds for long term stay" and even tried one as "funds for buying property" but without positive results.)" Wise response: " Thank you for getting in touch. When you send a transfer with the local currency (THB) the transfer is a local transfer. This is because of how Wise works: with us when you send a cross-currency transfer (USD to THB), you pay to our USD account in the US and we send out the equivalent from our THB account located in Thailand. Like this money never actually cross the borders so the transfer arrives earlier than traditional bank transfers. International transfers are the ones when you receive a global currency (like USD, GBP or EUR) to your account, when the currency you receive is not the local currency. If you want to send international transfers, these need to go through the SWIFT international payment network. Here you can read more about sending USD to countries outside the US. However Bangkok Bank (BBL) & Kasikorn Bank (Kbank) are capable of showing transfers as international transfers if we are sending through these banking partners. We can help you to route your payments via your desired payout partners, however we can't promise that the payments are definitely going to be paid out with the partner you chose. It can happen that there is an unforeseen scenario where a certain partner might be facing a technical issue. In this case the system will route the payment via another available partner to ensure same day delivery. Please, confirm if you'd like us to set this up for you and which partner you want to choose. Looking forward to hearing from you. Best wishes, Laura"

Email from Wise after my call on May 30: " Following up on your call with us. As promised I'm sending you additional information about THB transfers not being marked as international transfers and what to do in this situation. If your transfer was not marked as International Transfer (even if you selected Funds for long term stay in Thailand or Purchase of Property for the transfer purpose) please contact our respective bank partners to get an FET form. See instructions below for Bangkok Bank and Kasikorn bank. We aren't authorized by the Bank of Thailand to issue FET forms. It’s because of how we work: when you send money with us, we use our Thai banking partners to send out your money locally. It doesn’t cross any borders, so it doesn’t show up as a foreign transaction. How can you get a FET form? The recipient needs to ask for a FET form from the partner bank that we paid your money out from. You can check which bank this is on your transfer receipt. To find it: Go to the transfer in the Activity section of your Wise account Click View transfer details Click Download PDF receipt Go to the second page to find banking partner details Transfers sent via Bangkok Bank How to contact: For a customer who maintains an account with Bangkok Bank: contact Bangkok Bank branch where you maintain the account. For a customer who maintains an account with another local bank in Thailand and if your funds transfer was sent through Bangkok Bank as an intermediary bank: Contact Bangkok Bank Head Office branch via their call centre between during banking hours If you're located in a provincial area, you can contact your local Bangkok Bank branch to help you coordinate with the Bangkok Bank Head Office branch Documents needed by Bangkok Bank: Passport of the recipient Evidence of transferring funds with Wise Savings passbook or statement of the account showing the international funds transfer transaction Credit Advice Receipt of the bank (if any) If your funds transfer purpose are for buying property in Thailand: Sales Purchase Agreement for the condominium in Thailand Once Bangkok Bank has checked these documents, they’ll issue a confirmation letter to the recipient. They can then use this to prove that the money came from abroad. Bangkok Bank may charge an administration fee. Transfers sent via Kasikorn Bank If the transfer was sent out by Kasikorn Bank, the recipient needs to go to their nearest Kasikorn Bank International Trade centre. They’ll need to bring: their Bank Savings Passbook or statement showing the transaction their passport their visa (if applicable) Kasikorn Bank may charge an administration fee. SWIFT transfers Sometimes, we might send your transfer through a different banking partner who can’t provide a FET. This might be because of a technical issue, or some other unforeseen event. If you know you definitely need a FET, it’s best that you send a SWIFT transfer with your bank this time. SWIFT is a more expensive method, because it’s not a local transfer. But it does mean you’ll be able to prove that the money came from abroad. You can find more information about THB transfers here. Hope you find this helpful. Let us know if you have any questions. All the best Max from Wise"

Yup. Not much of it does.

You never really no your exposure until you get your legs get taken out. And then hindsight is 20-20. Digital nomad is possible but I would like to hire some help/workers and without a legal business it would worry me.

Well, that's very reassuring. Hmm, you have to do that each month and not just once right before going to Immi and get them all at the same time? Not terrible to do this but a bit of a PITA. I actually tried this a couple years ago to no avail. I was transferring to an SCB account and the Wise transfers went through 3 different banks, Kasikorn, Bangkok Bank, and Dee Money in Bkk. I spent a lot of time and some money getting all the credit advices (misleading name) from the 3 different banks. Granted it turned into a big pack of paper and I had plenty of other transactions in my SCB account. However, I high-lighted all the transfers to make it clear. Immi wasn't having it. They wouldn't even look at it. So I was forced to scramble. It's silly, of course, when not only can I show the corresponding monies exiting my US account and then showing up seconds later in my Thai account but where else would this money be coming from? Sure, I could have an illegal business in Thailand but the chances of that are slim. Well, par for the course for immigration dept. around the world. They don't want to make it easy.

Didn't make a diff in Bangkok Bank, either. Not in my account.