Jump to content

Retirement visa income method, trapped in Thailand in future?


Recommended Posts

I have been in Thailand 6 years. Returned to UK twice for 3 weeks using my pension drawn direct from UK bank for funds whilst there. I have always transferred my pensions, both state and work into my Bangkok Bank account every month, except on the 2 occasions that I have been back to UK. I rely on the income based method for visa extension every year, with income letter, but now if I have to show 12 x monthly income amounts in my Thai account, I will never be able to return to UK as my Bangkok Bank debit card does not work in UK! I do not possess any credit cards. So it would appear that I am trapped!

 

Sent from my X98 Plus II (C2D6) using Thailand Forum - Thaivisa mobile app

 

 

Link to post
Share on other sites

I fail to see the problem. Transfer pension to Thai account (so that it shows up on your statement) and then transfer it to the UK account with TransferWise or something (to use while in the UK).

  • Like 2
Link to post
Share on other sites

22 minutes ago, JackThompson said:

I don't think TW works in that direction (pls correct if this has changed).  He would have to use Dee Money, a crypto-currency exchange, or something else.

 

They used to offer the Visa, then the Union Pay only - finally they are offering a MC (started Dec 18).  I got one, and can pay USA companies with it ok.  I haven't tried it in foreign ATMs, but should work.

Doesn't really matter what service is used or if it's just a normal bank transfer. The fact of the matter is that there's not actually a problem, especially if you just plan ahead a bit before travelling back to the UK.

  • Like 1
  • Haha 1
Link to post
Share on other sites

1 hour ago, graemeaylward said:

I will never be able to return to UK as my Bangkok Bank debit card does not work in UK!

I really not understand the problem ??

You are in Thailand, so buy your flight in Thailand (or online) and pay in baht.

:unsure:

  • Haha 1
Link to post
Share on other sites

1 minute ago, Myran said:

He's talking about supporting himself while in the UK.

Oops. Ok

but I find strange that his card doesn't work in UK.

AFAIK Thai debit cards allow to get money from ATMs in Europe... but not UK??:unsure:

 

Link to post
Share on other sites

I understand the problem as I'm in the same boat. I usually spend 3 months in the UK in the  summer.

I don't know how feasible it is to transfer money from the UK to one's Thai account and then send it back to the UK for living expenses whilst there. In any case, it could be costly and doesn't seem to be a very clever solution.

Maybe Thai immigration will be reasonable and accept less than 12 months of deposits for this situation.

Link to post
Share on other sites

Oops. Ok
but I find strange that his card doesn't work in UK.
AFAIK Thai debit cards allow to get money from ATMs in Europe... but not UK??:unsure:
 
I have a Bangkok Bank Visa debit card which would not work in ATMs in UK in 2017!

Sent from my X98 Plus II (C2D6) using Thailand Forum - Thaivisa mobile app

  • Like 1
Link to post
Share on other sites

10 minutes ago, JackThompson said:

I suspect the problem could be the crappy "Union Pay" card which Bangkok Bank was offering, to the exclusion of Visa/MC cards, for awhile.  Thankfully, that problem has been solved.  A few hundred baht and a visit to any branch, and you can now get a MC ATM card.

Well he did say Visa debit card so I suspect that is what he has. Not sure if I remember right but I thought I was told mine was good for purchases but not cash. Sure I tried it some 7-8 years ago, when it was still M/C, and got some cash in UK... and maybe Indonesia. 

  • Like 1
Link to post
Share on other sites

The simplest option would be to set up a 'Dee Money' account in Thailand to transfer money to the UK. They only charge 150 baht per transaction. Then you transfer you pensions etc to Thailand in the normal way, transfer it straight to Dee Money and send it back to your UK bank account and take it from there using you UK bank's ATM while you're in the UK. Would normally take a max of 1-2 days to complete.

  • Like 2
Link to post
Share on other sites

39 minutes ago, sumrit said:

The simplest option would be to set up a 'Dee Money' account in Thailand to transfer money to the UK. They only charge 150 baht per transaction. Then you transfer you pensions etc to Thailand in the normal way, transfer it straight to Dee Money and send it back to your UK bank account and take it from there using you UK bank's ATM while you're in the UK. Would normally take a max of 1-2 days to complete.

Hi summit, your suggestion looks good. The only worry I have is would immigration accept a Thai bank statement showing money going in then not long afterwards going back out ? 

Link to post
Share on other sites

Hi summit, your suggestion looks good. The only worry I have is would immigration accept a Thai bank statement showing money going in then not long afterwards going back out ? 
Get a second account. Problem solved
  • Like 2
Link to post
Share on other sites

Do you have a forwarding address in the UK for any bank related correspondence etc? If so maybe you can just order a UK debit card from over here, online or by phoning them. 

  • Like 1
Link to post
Share on other sites

17 minutes ago, jiffers said:

Hi summit, your suggestion looks good. The only worry I have is would immigration accept a Thai bank statement showing money going in then not long afterwards going back out ? 

Convince the IO that you are addicted to the smell of cash.

 

Link to post
Share on other sites

2 hours ago, jiffers said:

I understand the problem as I'm in the same boat. I usually spend 3 months in the UK in the  summer.

I don't know how feasible it is to transfer money from the UK to one's Thai account and then send it back to the UK for living expenses whilst there. In any case, it could be costly and doesn't seem to be a very clever solution.

Maybe Thai immigration will be reasonable and accept less than 12 months of deposits for this situation.

Bangkok Bank fees for transferring money is 400 baht, costly? I don't think so.

Link to post
Share on other sites

24 minutes ago, Vacuum said:

Bangkok Bank fees for transferring money is 400 baht, costly? I don't think so.

Can you give more details. I recently had to pay 1,200 baht for a SWIFT transfer from Bangkok Bank to my UK bank.

 

If there's a 400 baht option I would use it.

Link to post
Share on other sites

1 hour ago, jiffers said:

Hi summit, your suggestion looks good. The only worry I have is would immigration accept a Thai bank statement showing money going in then not long afterwards going back out ? 

Get a second account from another bank. Withdraw cash and transfer back using the different bank. 

 

 

  • Like 1
Link to post
Share on other sites

7 hours ago, graemeaylward said:

I have always transferred my pensions, both state and work into my Bangkok Bank account every month

Since you're in receipt of the State Pension, why not obtain a multi-entry non-O visa on those grounds from the London Embassy next time you're in the UK? You will then need to do border runs every 90 days after your return to Thailand, but, in practice, you could get almost 15 months out of the visa through judicious timing. At the same time as your first border run you could resume making monthly 65k transfers to your Thai account in preparation for your next extension of stay 12 months later.

 

You might find this thread from 2017 worth a read:-

 

 

  • Like 2
Link to post
Share on other sites

5 hours ago, jiffers said:

I understand the problem as I'm in the same boat. I usually spend 3 months in the UK in the  summer.

I don't know how feasible it is to transfer money from the UK to one's Thai account and then send it back to the UK for living expenses whilst there. In any case, it could be costly and doesn't seem to be a very clever solution.

Maybe Thai immigration will be reasonable and accept less than 12 months of deposits for this situation.

Thai Imm does nto care how many months of the year you spend here. If you apply for a one year extension you need to show monthly transfers each month, that's the rule.

 

Easy to wire part of it back to the UK via Dee Money and not too costly.  150 baht transfer fee only. You'll lose something due to the two way currency conversion though.

https://www.dee.money/

 

 

  • Like 2
Link to post
Share on other sites

And if doing an International Transfer from your Bangkok Bank ibanking (if authorized to do Int'l transfers) the current "direct fees" are: 

 

image.png.db60e1a3a07883716867e0160fe5e362.png

  • Like 2
Link to post
Share on other sites

6 hours ago, jiffers said:

Hi summit, your suggestion looks good. The only worry I have is would immigration accept a Thai bank statement showing money going in then not long afterwards going back out ? 

If you show your passport - that you were in the UK during that period - I don't see how they could honestly claim it was a problem.  We are supposed to show we have a certain income, which is the purpose of showing money coming in.  But how and where you spend that income should be up to you. 

 

Of course, all planning goes out the window with a bad IO.  To deal with that possibility (depends on the office, but may vary over time depending on recent "push to agent" hoop-jumping initiatives), you could xfer it in smaller increments to a 2nd account in Thailand, which is then used to send it back once a month or so.

Link to post
Share on other sites

If you go back to UK every year (or even every other year) you could arrange to get an OA while you're there, which can last 2 years if managed correctly.....  You will need to show some UK financials, but no need to bring anything to Thailand other than what you actually need here.  

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

×
×
  • Create New...