Dear Thaivisa members,
I’ve a question in regards of the Non-Immigrant O (Retirement Visa), which I’m assisting my dad with.
One thing that confuses me and where I read (and hear) many different stories is regarding the actual seasoning money (800 K THB) coming from abroad.
Can someone please let me know if the actual incoming foreign fund transfer has to be in foreign currency and if the receiving bank in Thailand has to do the actual exchange from foreign currency into THB?
Problem is the following… I’ve instructed the bank in my dad’s home country to make a SWIFT transaction into his Thai Baht Account. However, the sending bank in Europe has already converted the EURO into Thai Baht when transferring the money into the Thai Baht account from Siam Commercial Bank.
The receiving bank has issued a Credit Advise Report, mentioning all details from the transaction, such as bank account and name details from the account holder in Europe. So in principle I can proof the funds were coming from abroad with SWIFT, but the only thing is that there’s no conversion done from EUR into THB by the receiving bank in Thailand. So the amount shown in the credit advise report is already in THB (not EURO) and no currency exchange rate has been mentioned in this report either.
Not sure if that’s an issue and if the credit advice report is sufficient enough to proof to immigration that the funds came from abroad? Or is the actual conversion from foreign currency into THB by the receiving bank in Thailand the most essential to proof the money came from abroad?
Again thanks in advance for serious responses related to the initial topic.
Best regards,
J.Dee