LivinLOS

Yeah I am 48 and its my younger brother.. Not every poster on here is the over 60s crowd.. Only most..

Exactly part of the calculations in this.

listed on the site.. reasonable if you keep 5k in there which is low for offshore.

https://www.lloydsbank.com/savings/help-and-guidance/non-ukresidents.html#:~:text=Lloyds Bank plc.,Gresham Street%2C London EC2V 7HN. Lloyds are one of the 'hard No' answers I got and clearly posted online.

Lloyds made it very clear they couldnt do that unless you moved to the channel islands 50k on deposit accounts.. Maybe thats just a postal link not a residence.

Replied that its sold.. Sorry.

Listing was a month or two back but I just messaged the guy.. He had a retro camper and a classic bus for sale..

The fees look reasonable.. I just closed a CIM Banque in Switzerland because they have far too many standing fees, annual account statement fees, etc etc.. Citi demand 200k on deposit which is a fair bit to leave unused.. Great service but thats a penalty.

Would have been a possible one.. I am advising him to clean up his position though.. UK cars out of his name, etc etc.. Am even looking into creating a family trust or other holding structures as we have some estate planning we need to get tidy in the next years also.

Its not real estate.. And because the transaction will be reported to whatever jurisdiction the address on file is.. The address on file (which was established many many years ago) will be established by KYC based on bank account and utility bills, and then they may demand to pay that bank (but there may be flexibility there, thats not clear yet). Hence it is needed to be Thai jurisdiction where the reporting is irrelevant but not a Thai bank account where the funds wouldnt want to be sent. Finally the person concerned does have UK connection (too much in reality) and so still needs a UK bank to handle things but wants it to not be to his uk address. The next step over time is a better expat bank for him. Standard Bank above is on the list.

All banks in Thailand also charge a % fee to take out of the account, tho some can use this as thb conversion fee. It's currency and sending system dependant but 0.25 or 0.5% is usual. https://www.scb.co.th/en/personal-banking/deposits/foreign-currency-deposit-fcd.html Either way there's no way he's sending a sum of this size into Thailand. With all the issues of getting it out again

Strange with none of those things I got accounts in Lloyds, Santander, Monzo, Starling, etc etc when I fist started visiting again in the summers.. All those registered to a commercial non residential address.

Well yes he doesnt want to remit any amount of this size into Thailand, it would technically be 'income gained and remitted into the kingdom in the year it was received' and also have questions raised about getting it back out again (with a FETF but still) finally who would want to use a Thai account and pay the in and out % they cream off the top for no reason. Thai onshore is a dead end. We will work to a proper multi currency expat account based to Thailand and may not take the capital gains windfall until then but we may need to rapidly solve the KYC issues before sale of the assets. If so the above nationwide solves this urgently. Its all about tieing up lose ends which had been left untidy and having the right addresses on file.

Hes going to generate a significant taxable event and needs to ensure his Thai residency is firmed up, his UK exit status is correct (he filed it years ago but days per year is not perfect, we maintain a Irish address also that has no passport control between them) and he can pass KYC for a non UK and non Thai financial institution. This is all about ensuring everything is perfect, in advance and in correct sequence, for undisputable capital gains protection.

Like I keep saying.. Theres no issue there.. In fact the opposite..

In the uk.. He walks in opens the account.. Gets net banking etc set up.. Then they will change both his tax residence and postal address for the account after opening to his thai address.. https://www.nationwide.co.uk/help/your-details/registering-foreign-address-online/ Solved (for this specific need).

good option.. Thank you..

Foreign currency accounts take a slice on arrival and leaving.. this will have multi 100k USD moved so no desire for a domestic account taking 0.5% in and 0.5% out. hes barely 40.. pensions not a concern.. HMRC is. Yes considering an HSBC there but they also take a CLIE (commission in lieu of exchange) on large money movements even when they dont exchange them. Thats all easy.. Its breaking the UK ties that is the issue.. Not suitable for KYC which is the need here. Apparently nationwide building society do.. Just spoke with an advisor on the phone who said that they will register overseas residency and tax base and maintain an established current account to a non UK address that he can get in 5 minutes walking through the door.

Asking for a family member who (rapidly) needs an international bank account at a Thai address. He has Thai utility bills, Thai license, etc to prove things address for KYC but doesnt want a domestic Thai account as he will need to move a chunk of foreign currency. I am aware some Brit expats had UK banks (or building societies) and have kept them even after formally moving to Thailand. I just dont know which UK high street current accounts (not offshore channel islands etc) support that. Asking at Lloyds they said no, overseas tax residency and they will close the account.

Theres a caravan dealer on facebook, theres a guy in CM who sells pickup bed backs like Americans often utilize.. There were some cheap buses sold off recently which would have made superb traveler / hippy busses, if I had more time space I considered one as a plaything. All that said, Thailands climate is not great for them, the infrastructure isnt readily there so it needs to be a wild traveler type setup, and rooms can be found so cheaply that they dont have the same comparative upsides as expensive hotel countries. I like this style of travel, I have done multiple N Africa overlanders, brother had a converted merc 7.5 tonner as a Portugal / Morocco surf hunter for years.. I grey up on and off the road lifestyle as a child in a bunch of things from converted horse transport, military a postal van, a 4x4 one for Sahara, etc. Even enjoying them I wouldnt be too serious about one in asia. I actually know of a nicely restored one for sale in CM at a fair value..

You could push it back with a 60 day family extension as said above (but that would then mean applying in the dec jan holiday period) or you could simply leave the country without a re-entry, lose the current extension totally, restart the app either returning with a single entry applied outside Thailand or going visa exempt -> non imm O -> Extension of stay. I did similar a few years back as my extension was at an award time for me, however work travel prevented it being renewed and I am back to an annoying schedule (I actually have to extend on my birthday !! And no matter when I go an apply the return for under consideration end is always my birthday !!).. These annual annoyances are why I hope to get an OX once I am 50, just ignore them for 5 years at a time.

OK to add closure to this topic and to answer for any future applications. London does not need onward travel for the first entry of a Multi Entry TR, at least in this application they issued the ME TR with a 6 month return air ticket.

OK amazed that this doesnt have an easy clear answer. Surely its established ? When applying for a ME tourist visa, do I need an onward ticket for the first entry, or only for the full duration ? Will apply this morning with a 6 month, if its rejected I have time to re-apply with a throwaway ticket.

OK to go to the non imm initially, I understand. Well I believe one of the care facilities we are considering have a way of handling the process so the 6 month ME buys us time to see how it all works with the various care options, get banks, get a living option decided, or even if my mother can tolerate Thailand (we tried and failed 15 years ago) etc etc.. Either way.. What I am asking is when applying for a ME tourist visa, (in the UK if it makes a difference) can the onward ticket be 6 months or does she need an onward ticket in 60 / 90 days for the first entry? Thats what I need to know at this stage.

Yeah thats of course what I will do if they dont accept a 6 month ticket. Surely someone knows this, it seems a simple question. London simply unreachable by phone (2 hours plus on hold last time I gave up).