AjarnMartin

K. Tanoshi,

When referring to the Retirement Extension under 2.22, I take it that a letter from an Embassy regarding Income is NOT AN ADDITIONAL requirement to the depositing of the requisite monthly monies into a Thai Bank.

After all, it is the TI’s demands on our Embassies that has caused them to remove this facility, so therefore impossible!

Thanks

21 hours ago, Suradit69 said:

I believe all TW transfers come to Bangkok Bank first so if you have an account there it's shown as an international transfer.. If you use a different bank, the money is then transferred from Bangkok Bank to your banK so it appears to be a domestic transfer as far as your bank is concerned.

Thanks Suradit69,

I transferred my first TW monies to my BKK Bank today so it will arrive tomorrow! I wait with baited breath to see the record in my bank book. ????????

4 hours ago, mfd101 said:

I moved in December from Old Method (1) Citibank debit card at atm [easily the cheapest way to bring funds] to Method (2) TW transfer of 70K฿ each month to BKK Bank account + Citibank debit card for the other 60 or 70K my b/f and his family manage to get through.

 

Method (3) 800K฿ in the bank remains a future fallback if necessary, but it just became a whole lot less attractive - unless one looks on it as health or other insurance resource.

 

Hi mfd101,

I too use TW but my SCB account shows it as a ‘domestic’ transfer. Does BKK Bank record it differently to the satisfaction of Thai Immigration requirements? Of course it’s only for my next Retirement Extension as local office have told me I need to deposit 800K for 2020 Extension. ???? Thanks.

9 hours ago, ubonjoe said:

This.

Hi Joe,

I’ve just been for my 90-Day report at Phetchabun and I took along a ‘paper-trail’ of the money I send to myself every month from my UK Bank, via TransferWise, to one of my Thai banks. I typically send £2000 per month which presently exceeds the 65K ThB at the current exchange rates. My Retirement Extension isn’t due until the end of September but I wanted my ducks in a row prior to that.

immigration told me that I have to get a letter from my bank to confirm the receipt of these monies for my September 2019 application but that my NEXT extension in 2020 has to show 800,000 ThB deposited in a lump sum and NOT by monthly deposits! I’ve studiously read all the official docs and can’t find a referral to Phetchabun’s stance. Are they right?

That’s a shame. Presumably, EK385 will change aircraft to 380 for the onward BKK - DXB flight? 

46 minutes ago, stephenterry said:

Bangkok bank show my transfers coming in from TransferWise as FTT (Foreign Transfer Transaction).

Thanks Stephen. I’ve just resurrected a dormant Bangkok Bank account so I’ll add this to my TW transfer accounts and see if this will do the trick. ????

1 hour ago, jesimps said:

Nothing about bank statements showing foreign transfers. My SCB account shows transfers coming from TransferWise as "ATS = Automatic Transfer System".

Yesterday I did a Swift transfer direct from my UK bank and it's recorded on my bank statement as "FRCI = Foreign Remitance and Settlement" so all ok there. BUT, I'd have received some 1800 baht more if I'd used TransferWise. 21,600 baht over 12 months is a substantial sum which I'm not prepared to lose. I guess until something is sorted on this it'll (reluctantly) have to be the 4 or 800,000 deposit for me.

Jesimps, I agree it’s a mess! I too transfer about £2000 per month from my UK bank every month via TransferWise but to meet immigration’s requirements, the audit trail is onerous because the monies firstly go to a ‘borderless’ account in sterling, get changed to ThB and THEN transferred to my SCB or Bangkok Bank accounts. My income and pension letter previously indicated more than adequate funds for my retirement extension. I have absolutely no intention of depositing either 400 or 800 in a Thai bank when it earns no interest! It looks as though I’m being forced into making another life-changing decision after 11 happy years in the LoS... ???? My extension of stay is not due until the end of September so I’m going to raise the issue with local immigration during my 90-day report next month and see what paperwork is acceptable. Ho hum!

Prior to this, the letter from the embassy included earnings in addition to ‘pension’ which appears all over this document in parentheses. Does that mean that only ‘pension’ is going to be considered?

1 hour ago, PerkinsCuthbert said:

They put pupils in tins as well?

Eligius and bluesofa - whilst it's great fun for a while, we could be here for a lifetime with proofreading the English mistakes on TV. I therefore only comment sporadically... ???? I'm going for a lie-down in a darkened room... ????

1 hour ago, farangx said:

In that case, should be embassies', note position of the apostrophe ....

 

A possessive apostrophe for a plural noun??? Heaven help us... ????

So, if the rules regarding hair is to do with LENGTH, why is the teacher measuring the WIDTH???  Duhh!!! Oh, I forgot... she’s a teacher... 555

You’re lucky. Here in Thailand I have been faced with having to pay THREE PER CENT for some things. The last occasion was when buying prescription glasses from one of the biggest high street suppliers. I said, “No thank you!” And walked out the shop. They ran after me and told me there would be no additional charge. I accepted!

28 minutes ago, transam said:

The date is in small print on the side wall...Tyres can be on the shelf for 3 years and 6 years or more on a ride if the side walls are still showing no signs of deterioration..

Thanks transom - I’ll get my glasses on this morning! ????

But how can you find the manufacture date on Thai tyres? Is there some sort of code? I have done 60,000 kms and the tyres still look good but dating them might justify a change? They were OEM when I bought the car - Bridgestone. They’ve been great.

Are they not also the French colours?

1 hour ago, smedly said:

too expensive on transfer fees

Hi Smedley, not if you use TransferWise... ????

17 hours ago, Scottjouro said:

The likes of SWIFT and Transferwise will be going out of business with the wide scale adoption of things like RippleNet by FIs

 

A number of pioneering banks and providers are using RippleNet’s global payments network to give workers an instant, affordable and transparent way to send needed cash to their families. One example is the collaboration between SBI Remit and Siam Commercial Bank (SCB) that leverages RippleNet to power real-time remittance payments for those Thai workers living in Japan.

 

https://ripple.com/insights/the-power-of-instant-remittances-ripplenet-in-japan/

 

All very well, Scott. But WHEN? The OP wants to transfer much sooner, I believe, and the start in Japan is exactly that - A start ????

Try TransferWise. That's what I use from the UK. Good Luck!

6 hours ago, prakhonchai nick said:

If transferring from the UK  TRANSFERWISE is the way to go

I agree!! BUT... you need a Thai Bank with ATM card  to deposit the funds and retrieve them.

I agree, Beachboy! Certainly saves the hassle of Thai ATMs at 220 ThB a time for 25000 ThB withdrawal AND the £13 per month my bank charges for the NO FEE ATM usage which I will be cancelling very soon. TransferWise is a brilliant service! ?

8 hours ago, cnx355 said:

Not everyone !  I did reply about my debit card ! 

Sorry CNX, it was a figure of speech and not meant to be literal... ?

Rooster, you always make for good reading and today had me positively chuckling, nay, guffawing. The downside is that I am in Starbucks enjoying a coffee and a ‘Crock Messer’ and the other patrons think I’m slightly ‘touched’! Thanks for a joyful start to the day. ?