after incurring 40-60 usd bank international transfer fees each month what is acceptable timeframe to transfer out to non thai bank with better interest rate?

 

idea after 6 months on incoming then transfer out what i dont need.   own condo so rent is just small common fee and eat local food mainly.

 

thanks 

if you aren't spending the money, let's assume half, would it make sense to keep the excess in a thai bank ?  in roughly two years, you'd have the 800,000thb required and could switch from the income method and avoid the intl transfer fees each month.  i know thai banks aren't paying high levels of interest but the interest they do pay seems better than paying $50usd/mo to transfer money in each month.

 

 

Probably best to withdraw the money out of the "incoming foreign transfers" account incrementally - as though you were paying 2x+ the going rate for condo-rent, eating foreign-food like from your home country, going to gogo-bars nightly and taking out the gals (or paying a large volume of "pocket money" to keep a gf around), etc. 

 

These sums can be immediately deposited into a 2nd Thai account when withdrawn.  Then make your transfers-back to your passport-country investments out of the other account.