JTXR Posted February 26, 2019 Share Posted February 26, 2019 In order to use the income method for extension of stay, many, many people here suggested that using Bangkok Bank was the best way to ensure incoming foreign transfers show up as such in the passbook. So, I opened an account. I made a SWIFT transfer from the U.S. into the account. Instead of PTT, which folks said indicated a transfer from outside Thailand, my passbook shows BTN, which I assume stands for Bahtnet, which is exactly the same that shows in my Krungsri passbook when I make and incoming SWIFT transfer. What gives? Link to comment Share on other sites More sharing options...
ubonjoe Posted February 26, 2019 Share Posted February 26, 2019 It suspect your bank used a intermediary Thai bank for the funds transfer. What bank did you use for the transfer? Link to comment Share on other sites More sharing options...
scubascuba3 Posted February 26, 2019 Share Posted February 26, 2019 Check the bank statement 1 Link to comment Share on other sites More sharing options...
lopburi3 Posted February 26, 2019 Share Posted February 26, 2019 You made a SWIFT transfer to Thailand or Bangkok Bank New York? Believe the code most of us get for ACH or Transferwise is FTT. Do you have Ibanking (internet)? Should be listed as International Transfer I suspect (my ACH via New York is). 1 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 It was from a U.S. credit union to Bangkok Bank Thailand. Link to comment Share on other sites More sharing options...
Popular Post lopburi3 Posted February 26, 2019 Popular Post Share Posted February 26, 2019 (edited) 5 minutes ago, JTXR said: U.S. credit union Almost none have SWIFT so they must have used a 3rd party and it may not have been via SWIFT. Edited February 26, 2019 by lopburi3 3 Link to comment Share on other sites More sharing options...
Popular Post Sheryl Posted February 26, 2019 Popular Post Share Posted February 26, 2019 Doesn't matter what the passbook shows. It is the detailed bank statemment that matters. Check that.Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app 2 3 Link to comment Share on other sites More sharing options...
moe666 Posted February 26, 2019 Share Posted February 26, 2019 4 minutes ago, lopburi3 said: Almost none have SWIFT so they must have used a 3rd party and it may not have been via SWIFT. My credit union in the states uses swift transfer for at least 8 years, it is actually transfered thru western union from credit union to BKK FTT 1 1 Link to comment Share on other sites More sharing options...
ubonjoe Posted February 26, 2019 Share Posted February 26, 2019 13 minutes ago, JTXR said: It was from a U.S. credit union to Bangkok Bank Thailand. You need to check with them to find out if they used a correspondent bank or a intermediary bank to do it. 1 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 6 minutes ago, lopburi3 said: Almost none have SWIFT so they must have used a 3rd party and it may not have been via SWIFT. It has SWIFT. 1 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 6 minutes ago, Sheryl said: Doesn't matter what the passbook shows. It is the detailed bank statemment that matters. Check that. My online statement just says BAHTNET. Link to comment Share on other sites More sharing options...
Popular Post steve73 Posted February 26, 2019 Popular Post Share Posted February 26, 2019 Just now, JTXR said: My online statement just says BAHTNET. Assuming you made the transfer of this size to satisfy the Immigration 65k/mon minimum requirement for the purpose of obtaining a future extension, I would suggest you visit your Immigration office and ask them if this coding will be OK for them. Fine if OK... but if not you'll need to chase up via your Thai bank. Good luck and please let us know what they say. 2 1 Link to comment Share on other sites More sharing options...
Thailand Posted February 26, 2019 Share Posted February 26, 2019 From a previous thread. "You can request statements (at your local bank branch) for detailed statements from their HQ, itemising foreign transactions as Bahtnet or Foreign TT deposits. Takes approx 5 days to process. + Bank letter. According to TI, all bank HQ's are already aware of Immigrations requirements for detailed statements showing overseas transfers, which your local branch may not be able to confirm or supply." Link to comment Share on other sites More sharing options...
mtls2005 Posted February 26, 2019 Share Posted February 26, 2019 Mine (from U.S. to BBL) say KU and FTT (in the passbook), no intermediary bank specified on my standing wire transfer orders, but BBL Credit Advice/Receipt shows Sending Bank as JPMORGAN CHASE BANK , N.A. They do not take any funds as a service fee, just 200 baht at BBL. Maybe look online to see what the description is, and ask for a Credit Advice/Receipt. Link to comment Share on other sites More sharing options...
scottiejohn Posted February 26, 2019 Share Posted February 26, 2019 Did you give your US bank the BKK bank SWIFT code or just the a/c number. Always supply your overseas bank with the SWIFT code and it should then show correctly. That certainly applies from the UK, not sure about US 1 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 6 minutes ago, scottiejohn said: Did you give your US bank the BKK bank SWIFT code or just the a/c number. Of course, without the SWIFT code it's not possible to make a SWIFT transfer. 1 1 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 (edited) Thanks for the responses, all. I'll check from the U.S. side to see if they used a correspondent bank and I'll get the credit advice/receipt from BKK Bank to see if it shows as an international transfer there. Edited February 26, 2019 by JTXR Link to comment Share on other sites More sharing options...
VocalNeal Posted February 26, 2019 Share Posted February 26, 2019 My SCB bank book classifies transactions with codes like X1 or C2 or X2 obviously they mean something. You could check with BKK Bank and see. Link to comment Share on other sites More sharing options...
onera1961 Posted February 26, 2019 Share Posted February 26, 2019 (edited) 42 minutes ago, lopburi3 said: Almost none have SWIFT so they must have used a 3rd party and it may not have been via SWIFT. My credit union does not have swift. I think may be same for almost all credit unions. By the way, how much do they charge for a swift? Is the rate Ok? Edited February 26, 2019 by onera1961 Link to comment Share on other sites More sharing options...
lopburi3 Posted February 26, 2019 Share Posted February 26, 2019 16 minutes ago, JTXR said: Of course, without the SWIFT code it's not possible to make a SWIFT transfer. Actually all they need is the bank name and account number to look up the SWIFT code - but as most US Banks are less then trained for international transfers it is much better to provide everything. I would be interested to learn how your bank actually sent the funds and if actually used SWIFT. Link to comment Share on other sites More sharing options...
scottiejohn Posted February 26, 2019 Share Posted February 26, 2019 (edited) 39 minutes ago, JTXR said: Of course, without the SWIFT code it's not possible to make a SWIFT transfer. My point is that many people think their bank will automatically use "SWIFT" when there are many other systems i.e. IBAN, BIC, SC & A/C and interbank local transfer systems etc. You need to instruct the bank as to the system you wish them to use and in some cases to annotate the transfer to meet your/receiving bank's requirements. PS; My usual UK caveat applies as the US banking system is much different to the UK/European one! Edited February 26, 2019 by scottiejohn PS added 2 Link to comment Share on other sites More sharing options...
Sheryl Posted February 26, 2019 Share Posted February 26, 2019 BAHTNET means the transfer came through the Bank of Thailand. An international transfer.Sent from my SM-J701F using Thailand Forum - Thaivisa mobile app 2 Link to comment Share on other sites More sharing options...
JTXR Posted February 26, 2019 Author Share Posted February 26, 2019 2 hours ago, Sheryl said: BAHTNET means the transfer came through the Bank of Thailand. An international transfer. Thanks, Sheryl. I'll confirm that with my Bangkok Bank branch. And if that's the case, there should be no problem. 1 Link to comment Share on other sites More sharing options...
johnmell Posted February 26, 2019 Share Posted February 26, 2019 My Swift transfers from HSBC in England show as BTN in my Bangkok bank blue book, and BAHTNET on a statement. Never shown as FTT. Link to comment Share on other sites More sharing options...
Crossy Posted February 26, 2019 Share Posted February 26, 2019 All useful stuff ^^^ Also, did you transfer Baht or USD? Conventional wisdom suggests that transferring USD will net a better exchange rate. Link to comment Share on other sites More sharing options...
Thailand J Posted February 26, 2019 Share Posted February 26, 2019 (edited) BATHNET is a domestic network. If your oversea transfer showed as BATHNET it means the last leg of the journey was domestic. Another Thai bank acted as an intermediary, received the transfer and then transferred into your bank. Bank of Thailand is not a bank, it's an administrative government agency. I have always ordered USD SWIFT, always have showed as FTT on my Bangkok Bank book. Edited February 27, 2019 by Thailand J 1 Link to comment Share on other sites More sharing options...
jacko45k Posted February 27, 2019 Share Posted February 27, 2019 3 hours ago, johnmell said: My Swift transfers from HSBC in England show as BTN in my Bangkok bank blue book, and BAHTNET on a statement. Never shown as FTT. I believe that is a factor from HSBC UK to Thailand, a friend recently transferred Sterling and it went via Lloyd's Bank who helped themselves to £30. Link to comment Share on other sites More sharing options...
keithet Posted February 27, 2019 Share Posted February 27, 2019 I had same problem. But I was letting my US bank send in baht. When I changed it to US dollars it came as international transfer and a sms showing tt exchange rate and fees from Bangkok bank. 1 Link to comment Share on other sites More sharing options...
elgenon Posted February 27, 2019 Share Posted February 27, 2019 3 hours ago, johnmell said: My Swift transfers from HSBC in England show as BTN in my Bangkok bank blue book, and BAHTNET on a statement. Never shown as FTT. I'm going to take a wild guess and ask if, maybe, BTN is a short form of BAHTNET? It looks like it could be. Link to comment Share on other sites More sharing options...
ChouDoufu Posted February 27, 2019 Share Posted February 27, 2019 2 hours ago, Crossy said: All useful stuff ^^^ Also, did you transfer Baht or USD? Conventional wisdom suggests that transferring USD will net a better exchange rate. yes, but have to careful. OP only had a buffer of 1900 baht, about $60. a correspondent bank taking out their cut and a drop in the exchange rate could put the transfer under 65k......giving an io the opportunity to use their discretion and get that bigscreen teevee mrs io has been wanting. 1 1 Link to comment Share on other sites More sharing options...
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