Transferwise verification of intl transfer

[don long]

To all worried that you cannot use Transferwise because of the local transfers to individual and various banks. Transferwise I found uses Thai Military Bank to make transfers into Thailand from USA. If you open TW account on a computer and go to the PDF file you will see that TW shows the transfer from USA bank to TMB and in my case domestic transfer from TMB to my bank UOB. 

 

I tried to open a TMB account directly but without a work permit they refused even with a current year retirement visa. I went back to UOB and the manager has agreed that I will print my monthly transfers showing USA to UOB via TMB. Both banks have agreed to support and write a letter to immigration verifying that each transaction originated USA and transferred as a swift transaction via TMB to My UOB account. I went to immigration showed them the PDF report of the monthly transfer and my corresponding deposit in my bank book which the said “was acceptable”. Do I believe if I have the 12 transactions needed transferring 45,000 monthly along a bank balance of 300,000b in the account for a year will meet all the criteria, time will tell. That’s my plan. I’ll account for the variations in currency by transferring the same amount monthly so there is no variation. Though not perfect I only plan to hold 300k +- to equal the the 800k annually n use the monthly transfers for expenses.

 Anyone have a better idea can’t wait to hear it?

[SEtonal]

1 hour ago, don long said:

Anyone have a better idea can’t wait to hear it?

TransferWise can use any one of three Thai banks: BKK, TMB or Kasikorn.  The problem is that you can receive 11 transfers through your bank of choice (TMB in your case) and have the 12th transfer come through one of the other two banks and show up as a domestic transfer. 

 

Tanoshi has discovered a "tag method" that will ensure that TransferWise uses your Thai bank of choice. (Be sure to read all of the posts by Tanoshi and Pib on the linked page.)

 

https://forum.thaivisa.com/topic/1090197-switching-from-bank-method-to-income-method/page/2/

 

Edited March 25, 2019 by SEtonal

[SEtonal]

There have been reports this from Phuket, Jomtien/Pattaya, and Chiang Mai of the combination method being refused for applicants without an Embassy income verification letter.  In 2020, Phetchabun will only accept the income method if the applicant has an Embassy income verification letter.

 

https://forum.thaivisa.com/topic/1081801-multi-entries-non-o-retirement-non-immigrant-for-being-retired-but-multi-entry-where-to-get-it-around-thailand/?tab=comments#comment-13799322

https://forum.thaivisa.com/topic/1080537-my-trip-to-jomtien-immigration/

https://forum.thaivisa.com/topic/1089037-retirement-visa-refused-in-chiang-mai/

https://forum.thaivisa.com/topic/1083530-the-latest-info-on-retirement-visas-from-immigrations/

 

[thetefldon]

1 hour ago, SEtonal said:

There have been reports this from Phuket, Jomtien/Pattaya, and Chiang Mai of the combination method being refused for applicants without an Embassy income verification letter.  In 2020, Phetchabun will only accept the income method if the applicant has an Embassy income verification letter.

 

https://forum.thaivisa.com/topic/1081801-multi-entries-non-o-retirement-non-immigrant-for-being-retired-but-multi-entry-where-to-get-it-around-thailand/?tab=comments#comment-13799322

https://forum.thaivisa.com/topic/1080537-my-trip-to-jomtien-immigration/

https://forum.thaivisa.com/topic/1089037-retirement-visa-refused-in-chiang-mai/

https://forum.thaivisa.com/topic/1083530-the-latest-info-on-retirement-visas-from-immigrations/

 

Since I use Phetchabun, can  I ask did you get that information from the Phetchabun Office and if so from whom? Many thanks.

[kekalot]

Transferwise is not an international transfer, it's a local transfer as you can see on the bottom right.

they take the money from you in the US to their US account and then turn around and transfer from their Thai account to you in Thailand, it's not an international transfer.

 

If that agent decide that it is acceptable, good for you but you might go next time and have another immigration agent that will refuse it.

I would assume that if you were to get a printout from your bank in the US as well showing the same amount being taken out (to reference with the TW PDF) then you might have more chances but YMMV.

[onera1961]

42 minutes ago, kekalot said:

If that agent decide that it is acceptable, good for you but you might go next time and have another immigration agent that will refuse it.

 

In Bangkok bank when it is coded as FTT (International Transfer), it does not say Transferwise or SWIFT. So, it should be accepted. IO agents are not involved with Transferwise and they have less clue what it is and how it operates. So, the speculation is pure BS. If you apply logic also, it is an international transfer. It may have come to your bank from another local bank but it originated outside the country.

Edited March 25, 2019 by onera1961

[ba ba]

Why go to the trouble pack your bags and leave this dump

[quandow]

8 hours ago, don long said:

Though not perfect I only plan to hold 300k +- to equal the the 800k annually n use the monthly transfers for expenses.

 Anyone have a better idea can’t wait to hear it?

I recently read from another member Jomtien immigration will NOT accept this method. It's EITHER the full 800,000 OR the full 65,000 monthly. It's too much bother to try and figure out any type of combination and they just plain refuse to do it, as busy as they are.

[Tanoshi]

3 hours ago, kekalot said:

Transferwise is not an international transfer, it's a local transfer as you can see on the bottom right.

they take the money from you in the US to their US account and then turn around and transfer from their Thai account to you in Thailand, it's not an international transfer.

All money transfers are electronic.

 

Provided they show as FTT, International, or BAHTNET, the funds came from overseas.

BKK statements and passbooks provide this information.

Other Thai banks are sketchy, still in the developing world.