patinchis Posted August 6, 2019 Share Posted August 6, 2019 Hi,Just some advice from anyone with experience.....I’m with BK bank(presently I’m not in Thailand till October,abw )......are there any restrictions on transferring my lump sum(800,000) if ever needed out from Thailand to elsewhere.cheers. Sent from my iPad using Thailand Forum - Thaivisa mobile app Link to comment Share on other sites More sharing options...
sunnyboy2018 Posted August 6, 2019 Share Posted August 6, 2019 My question too. I dont think your allowed to transfer money out. I await answers with interest. Link to comment Share on other sites More sharing options...
elviajero Posted August 6, 2019 Share Posted August 6, 2019 You can transfer out, but they might only allow it if working in the country or they can see the funds originated from abroad. If you deposited 800K one day and then wanted to transfer it abroad the they would either refuse or want proof of where the funds came from. Link to comment Share on other sites More sharing options...
onera1961 Posted August 6, 2019 Share Posted August 6, 2019 (edited) 3 minutes ago, elviajero said: If you deposited 800K one day and then wanted to transfer it abroad the they would either refuse or want proof of where the funds came from Can't you take the money in cash and exchange it outside? 800,000 baht is 800 thousand BHT bills (8 bundles of 100 each). What is the legal limit of amount of BHT out? Edited August 6, 2019 by onera1961 Link to comment Share on other sites More sharing options...
elviajero Posted August 6, 2019 Share Posted August 6, 2019 1 minute ago, onera1961 said: Can't you take the money in cash and exchange it outside? 800,000 baht is 800 thousand BHT bills (8 bundles of 100 each). What is the legal limit of amount of BHT out? Unless it’s changed I believe it’s 50K THB. You could exchange the 800K THB to USD or other currency in Thailand then you could take out more cash, but that too has a limit. Not sure what that limit is but it’s a lot higher. Link to comment Share on other sites More sharing options...
Puchaiyank Posted August 6, 2019 Share Posted August 6, 2019 Go by your bank and get their transfer form. You will need the account info and swift code of your home bank. I was told I could xfer up to 1,000,000 baht without seeking higher banking approval... Best to be prepared... Link to comment Share on other sites More sharing options...
onera1961 Posted August 6, 2019 Share Posted August 6, 2019 1 hour ago, elviajero said: You could exchange the 800K THB to USD or other currency in Thailand then you could take out more cash, but that too has a limit. Not sure what that limit is but it’s a lot higher. You could take baht outside Thailand and change it. May be not 800K at one time. But 100K each time. In the USA, I have changed around 20K BHT. Not sure if I can change 100K or not. Most of the time I don't change into other currency. Keep my Euro, USD, BHT as it is but never more than 5K USD total. Link to comment Share on other sites More sharing options...
UKresonant Posted August 6, 2019 Share Posted August 6, 2019 (edited) 50K THB each 449k THB to adjacent countries (but what are those countries regs. ??? risk of getting mugged????) $20k but declare if over $15k Was reading this yesterday..... https://transferwise.com/gb/blog/taking-cash-in-or-out-of-thailand SWIFT A detailed credit note from the bank on receipt in Thailand, stamped and signed by the bank, kept in a safe place, together with the Home country bank transfer info, in case of any reluctance to trans out. May need it to SWIFT out again. (As far as I've seen so far, reading about this subject). Edited August 6, 2019 by UKresonant Link to comment Share on other sites More sharing options...
elviajero Posted August 6, 2019 Share Posted August 6, 2019 33 minutes ago, onera1961 said: You could take baht outside Thailand and change it. May be not 800K at one time. But 100K each time. In the USA, I have changed around 20K BHT. Not sure if I can change 100K or not. Most of the time I don't change into other currency. Keep my Euro, USD, BHT as it is but never more than 5K USD total. The limit is 50K THB. Link to comment Share on other sites More sharing options...
Ron jeremy Posted August 6, 2019 Share Posted August 6, 2019 Terrible exchange from bank to bank, I took mine out little at a time, went to vasu, then back home, . Link to comment Share on other sites More sharing options...
mania Posted August 6, 2019 Share Posted August 6, 2019 (edited) 5 hours ago, patinchis said: are there any restrictions on transferring my lump sum(800,000) if ever needed out from Thailand to elsewhere.cheers. Not in our experience.... I transferred roughly 3 million baht out thru Bangkok Bank We do not work in Thailand nor were we asked for proof of funds originating from our home country (USA) When we moved back to US from Chiang Mai I just went to my Bangkok Bank branch & did roughly 4 transfers Only on original transfer out was I asked why was I transferring & I said repatriating. No problems after that After that I kept the original sheet for info & during next three transfers just told them same as this info on sheet which they appreciated I have heard/read but do not know if true ...That under 50K USD/ 1.5 million baht is no problems ( Which is why I did multiple transfers ) Anything over & source must be shown etc...Again I do not know if true but thought I would just break it into a few transfers. Also I wanted to test the first one as my transfers take an additional hop as my US Credit Union does not accept int transfers directly We did keep original foreign transfer receipt from when money was brought in years before but was never asked for any proof so never showed them Funny but the only little bump was my wife who is Thai ...when she went to transfer 900k baht out from her condo sale they asked her more questions than my transferring much more. When she said she held dual citizenship & was moving back to USA they asked to see her US Passport which she didnt have with her & had to go back to get ???????? So I guess once in awhile the falang gets the easier time ???? Edited August 6, 2019 by mania 1 Link to comment Share on other sites More sharing options...
Thailand Posted August 6, 2019 Share Posted August 6, 2019 Transferred 6 figure amounts out of Thailand on numerous occasions via Bangkok Bank. Go to bank, get international money transfer form, fill it in, transfer money. 1 Link to comment Share on other sites More sharing options...
MangoPineappleBanana Posted August 6, 2019 Share Posted August 6, 2019 (edited) Superrich charged 4% and will transfer quite a bit, most I had moved was ~14 MB Hell they'll even transfer it back into thailand for you routed through hongkong if you need to show incoming $ for condo/property purchase by foreign investment. Edited August 6, 2019 by MangoPineappleBanana Link to comment Share on other sites More sharing options...
wreckingcountry Posted August 7, 2019 Share Posted August 7, 2019 There is this other company that does it in Thailand Even has a Phone app .. forgot the name someone remind us Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
Sheryl Posted August 7, 2019 Share Posted August 7, 2019 5 minutes ago, wreckingcountry said: There is this other company that does it in Thailand Even has a Phone app .. forgot the name someone remind us Sent from my iPhone using Thaivisa Connect dee Money. But can send only to soem countries. And there is a limit on amount per transaction. Link to comment Share on other sites More sharing options...
Oxx Posted August 7, 2019 Share Posted August 7, 2019 44 minutes ago, MangoPineappleBanana said: Superrich charged 4% 4%? Daylight robbery. Link to comment Share on other sites More sharing options...
MangoPineappleBanana Posted August 7, 2019 Share Posted August 7, 2019 4%? Daylight robbery.Correct. I’ll do it for you for 2% using crypto. Im stating merely that superrich is very convenient for someone who needs incoming funds for property purchase or who wants to quickly move large sums outside thailand without scrutiny. 1 Link to comment Share on other sites More sharing options...
patinchis Posted August 12, 2019 Author Share Posted August 12, 2019 Ok thanks. , on foreign currency accounts in Thai banks., could one put the equavilent of 800,000(sum required for extension) in a foreign currency account with a bank ....ie is it acceptable to immigration authorities for retirement extension or does it have to be in a baht account ?Sent from my iPad using Thaivisa Connect Link to comment Share on other sites More sharing options...
elviajero Posted August 12, 2019 Share Posted August 12, 2019 2 hours ago, patinchis said: Ok thanks. , on foreign currency accounts in Thai banks., could one put the equavilent of 800,000(sum required for extension) in a foreign currency account with a bank ....ie is it acceptable to immigration authorities for retirement extension or does it have to be in a baht account ? Yes you can use a foreign currency account as long as the money is instantly accessible. Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now