Scoobydoo1 Posted July 2, 2018 Share Posted July 2, 2018 I need to make a deposit into a KBank account under my own name of around one million baht, over the next few days. I do not work here, have no work permit (do have a Thai wife and kids) so was wondering if this action might raise any flags with my bank or the Bank of Thailand. Basically it's money of mine that some family members just brought from the UK for me. Any advice would be appreciated, thank you. Link to comment Share on other sites More sharing options...
ezzra Posted July 2, 2018 Share Posted July 2, 2018 try to make smaller deposits if you are concern being flagged by the BOT, but as long as this money is not tainted in anyway, you have nothing to worry about... 1 Link to comment Share on other sites More sharing options...
Ks45672 Posted July 2, 2018 Share Posted July 2, 2018 You can deposit any amount in my experience..... If its over 5 million you have to sign an aml form in some branches but only takes a second to sign that You don't even have to fill it in 1 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted July 2, 2018 Popular Post Share Posted July 2, 2018 My case is somewhat different: Took out a million from SCB. Walked over the floor in the shopping mall to Bangkok bank. Put it on the desk, they unbundled, let their counting machine run hot. No question asked. Yes I know, it sounds like a nidicolous way to "transfer" money but at the time there was no other method that quick. 5 Link to comment Share on other sites More sharing options...
Ks45672 Posted July 2, 2018 Share Posted July 2, 2018 12 minutes ago, KhunBENQ said: My case is somewhat different: Took out a million from SCB. Walked over the floor in the shopping mall to Bangkok bank. Put it on the desk, they unbundled, let their counting machine run hot. No question asked. Yes I know, it sounds like a nidicolous way to "transfer" money but at the time there was no other method that quick. That's still the best way of doing things Cashiers cheque or a banking draft won't clear instantly at the other bank like cash deposit will And there maybe a charge on both sides for the privilege of using the cashiers cheque and a delay before funds can be credited 1 Link to comment Share on other sites More sharing options...
Maradona 10 Posted July 2, 2018 Share Posted July 2, 2018 I remember reading a few years ago that any deposits of 2 mil up is reported to the AML office. Thailand is a cash economy so large deposits are hardly even met with a blink. Years back I deposited by memory around 2k in a UK bank, I was asked where it come from etc, treated a like a criminal...i told the woman 'it's only 2k' whilst sporting a grin..she didn't like it. 1 Link to comment Share on other sites More sharing options...
Ks45672 Posted July 2, 2018 Share Posted July 2, 2018 1 hour ago, ezzra said: try to make smaller deposits if you are concern being flagged by the BOT, but as long as this money is not tainted in anyway, you have nothing to worry about... That will get you flagged even faster Cartels used to get around the 10k aml laws by breaking lodgements into 8-9k bundles and they all got busted eventually 1 Link to comment Share on other sites More sharing options...
Scoobydoo1 Posted July 2, 2018 Author Share Posted July 2, 2018 13 minutes ago, Ks45672 said: That will get you flagged even faster Cartels used to get around the 10k aml laws by breaking lodgements into 8-9k bundles and they all got busted eventually 10k meaning THB? Link to comment Share on other sites More sharing options...
Popular Post ThailandLOS Posted July 2, 2018 Popular Post Share Posted July 2, 2018 1 hour ago, Ks45672 said: That will get you flagged even faster Cartels used to get around the 10k aml laws by breaking lodgements into 8-9k bundles and they all got busted eventually What "cartels" and where? We are in Thailand dude, nobody raises an eyebrow at a million THB deposit, or even consecutive ones. 3 Link to comment Share on other sites More sharing options...
Jimbo1964 Posted July 2, 2018 Share Posted July 2, 2018 Whoever brought the money with them should have reported it if over 20K USD. But you stated that some family members brought it in, so it should have been below the reporting limit. So hopefully you shouldn't have a problem if they do ask you where you got it from https://www.thaiembassy.sg/visa-matters-/-consular/bringing-currency-in-or-out-of-thailand 2 Link to comment Share on other sites More sharing options...
Lacessit Posted July 2, 2018 Share Posted July 2, 2018 I doubt very much if it would be a problem. As other posters have said, Thailand is a cash economy. Just tell them you sold some gold if asked, all Thais that work in banks would understand. 1 Link to comment Share on other sites More sharing options...
khunPer Posted July 2, 2018 Share Posted July 2, 2018 7 hours ago, Scoobydoo1 said: I need to make a deposit into a KBank account under my own name of around one million baht, over the next few days... To my experience up to a couple of millions baht in cash is now problem; however some banks only let you withdraw up to 1,999,999 baht in cash; however you can always give a 1-baht coin in exchange...? 1 Link to comment Share on other sites More sharing options...
upu2 Posted July 2, 2018 Share Posted July 2, 2018 I have made a deposit of 6 million Baht into Bangkok Bank and nothing was asked regarding it 1 Link to comment Share on other sites More sharing options...
SCOTT FITZGERSLD Posted July 2, 2018 Share Posted July 2, 2018 to be sure, you better keep the money exchange receipts. the exchange reciepts (with name and passport number of the farang) can be used as proof that the money came from outside thailand, and not earned it by working without a work permit. Link to comment Share on other sites More sharing options...
blackcab Posted July 2, 2018 Share Posted July 2, 2018 A million baht won't even raise an eyebrow. Unless it's all in 20 baht notes that is. 2 Link to comment Share on other sites More sharing options...
oldrunner Posted July 2, 2018 Share Posted July 2, 2018 Have a TNB account and deposit 5500 US monthly for living expenses. No questions asked. 1 Link to comment Share on other sites More sharing options...
jimmyyy Posted July 3, 2018 Share Posted July 3, 2018 I transfer in money all the time, never had a problem. Wife sold some land to buy another piece a few years back, 7 million in cash no one at the bank even batted an eye at it. 1 Link to comment Share on other sites More sharing options...
Scoobydoo1 Posted July 3, 2018 Author Share Posted July 3, 2018 17 hours ago, khunPer said: To my experience up to a couple of millions baht in cash is now problem; however some banks only let you withdraw up to 1,999,999 baht in cash; however you can always give a 1-baht coin in exchange...? Is 'now a problem', or ,no problem'? 1 Link to comment Share on other sites More sharing options...
khunPer Posted July 3, 2018 Share Posted July 3, 2018 1 hour ago, Scoobydoo1 said: 19 hours ago, khunPer said: To my experience up to a couple of millions baht in cash is now problem; however some banks only let you withdraw up to 1,999,999 baht in cash; however you can always give a 1-baht coin in exchange...? Is 'now a problem', or ,no problem'? Thanks for making me aware of my typing error, it's of course no problem...? 1 Link to comment Share on other sites More sharing options...
SCOTT FITZGERSLD Posted July 3, 2018 Share Posted July 3, 2018 22 hours ago, jimmyyy said: I transfer in money all the time, never had a problem. Wife sold some land to buy another piece a few years back, 7 million in cash no one at the bank even batted an eye at it. as long as you keep the money coming into thailand, there is no problem. to send it out from thailand - now that's a different story. 1 Link to comment Share on other sites More sharing options...
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