Bangkok Bank Account - some questions re o-x deposit etc.

[Barley]

Hello,

With the help of an acquaintance well known to the manager of a Bangkok bank branch, who accompanied me and gave me a rental contract, I was able to open a passbook savings account with a generic debit card.

 

The branch is quite a distance from my current residence.

 

I would like to transfer 800.000 or 3 million baht via transferwise.com to that account to get an o-a or o-x visa in my country (I haven't decided yet but tend towards the o-x since I really don't like government red tape).

 

I understand it only takes a couple of days to transfer via transferwise.com.

 

Now the embassy says I need 3 copies:

1. Certificate of deposit with bank account data

2. Copy of deposit book

3. Copy of account statement

 

So my questions are;

 

A.) No. 2 makes sense, but what is meant by the other two? Can't I just go to any branch and tell them to enter the deposit in my passbook?

 

B.) What about if the money doesn't arrive this week and I am back in my country. How to get the documents in this case?

 

C.) When opening the account they didn't want to set up internet banking - I didn't really understand why - maybe the head office needed to check out some things(?). Can I go this week to any branch to set up internet banking?

 

D.) After the money arrived and f. e. I decide I don't want to use the o-x visa any more or not stay in Thailand for any amount of time, can I simply transfer the money out to my European account again or are there any bank restrictions?

 

E.) When, where and how do I have to prove in Thailand that 3 or 1.5 (after 1 year) million baht are still in my account?

 

D.) Suppose I get the o-x visa but only stay twice a year for less than 90 days, do I still have to prove in Thailand that 3 or 1.5 (after 1 year) million baht are still in my account?

 

(In case this question seems weird to you, please refer to my thread here for more background https://www.thaivisa.com/forum/index.php?/topic/1029402-Non-Visa-Entry-Then-Get-1-yr-Visa)

 

E.) Are there any peculiarities or tips about the o-x visa that I should keep in mind?

 

F.) After 1 year of having the o-x visa, can I use half of the 3 million baht towards the purchase of a condo?

 

G.) If I take out some of the 3 million after one year, it is supposed to be spent within the country for visa eligibility to continue. Would cash withdrawals qualify or must it be debits to Thai businesses (I am more of a cash person)?

 

Thanks so much for your help.

 

 

[topt]

20 hours ago, Barley said:

I would like to transfer 800.000 or 3 million baht via transferwise.com to that account

This would mean you are showing a transfer into your account in Thai Baht - not in a foreign currency. Not sure you can then get a transaction form for it and almost certainly you will have problems with -

20 hours ago, Barley said:

can I simply transfer the money out to my European account again or are there any bank restrictions?

Yes there are restrictions - because you have to show the money came in from abroad with the right reason given to enable you to re-export it - IE reason for transfer being visa/house/car purchase but not living expenses.

Transfer in baht will not have this. Unless you are working and can show earnings/tax paid etc. Some posters have been successful but many others have had great difficulty.

 

Same if you bring in money for a property you need to ideally show the right paperwork if you ever want to send that money out again.

 

Internet banking -  push to open. Many posters on here have with Bangkok Bank.

Visa - sorry no idea.

[Barley]

Thanks for your help. I was planning to use transferwise.com because that seems to be how to get the best rate.

 

I always thought that the TBH is not restricted and a free floating currency.

 

Can other people confirm that transferwise.com transfers can not be exported or are there any workarounds?

 

Would you be able to tell me if I need to go to the same branch or can I go to any branch for service?

[KhunBENQ]

I am totally confused.

 

You are in Thailand now and plan to go back to your home country any time soon?

You want to apply for a Non O-A or "Non O-X"(?) (so called 10yr?) visa?

When I and others applied for a Non O-A there was no saying that the 800k has to be in a Thai bank account beforehand, BUT that you have to proof an equivalent amount in your country.

That is the main reason why a Non O-A made sense, no need to have money in a Thai bank. Up to two years of stay with one visa.

(I am not to familiar with the "10yr" option which advantages are doubtful)

 

The other route that most go: apply for an ordinary Non-O in your home country, come to Thailand, sent the 800k to your account and apply for a one year extension at immigration office.

 

I don't understand your "red tape" remark. Could you explain?

 

It would help to know which country and have a pointer to the consulate website/rules.

 

As this thread is in the banking forum now, I suggest you open a thread in the Visa forum to explain your intentions and clarify the visa options.

Edited April 3, 2018 by KhunBENQ

[Barley]

[mention=99794]KhunBENQ[/mention]

 

Not you are confused, but I was and you set it straight.

 

In my first post you find a link to my visa question thread, and I did get confused about the subject matter of the 800K which other members in that thread described correctly just like you did. Thank you for correcting me.

 

I just have a strong aversion (maybe even a phobia) to any kind of government red tape - meaning showing up at some kind of government office and talking with a bureaucrat about government rules and regulations - especially stuff I am not very familiar with and having to rely on that person's mercy.

 

That's why the idea of a longer term visa (o-x) which needs not be extended so often appeals to me even though I need to commit more funds to it.

 

Nevertheless there still are a lot of banking questions in my first and second post that I am still not clear about.

 

 

 

 

[jackdd]

You can't use Transferwise for that because in your bank statement it will show that the money came from Thailand.