Monthly Bank Transfers INTO Thailand

[kentrot]

BANKS - I HATE THEM !

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I have been receiving my monthly pension from Canada into my BANGKOK BANK account for 16 years.

It has arrived on the last day of the month , before noon , like clockwork, every month  for - as I say - 16 years.

 

However for the past 3 months, the money is being held back and not transferred to my account for 24 and sometimes 48 hours. I have spent quite some time trying to determine why this change in automatic deposit  routine has taken place. After lengthy and expensive long distance calls to my Canadian pension (one of the biggest pension funds in the world) , I am assured that the money is still sent to Thailand as always and should be in my account on the last day of the month.

 

BANGKOK BANK operators tell me that the money NOW has to go through a 'Central Bank' and that is the reason for the delay.

it was also suggested that they are trying to dissuade any illegal money laundering. Fair enough.

I also learned that they have between 7,000 and 10,000 international transfers per day.  

 

Ahhhaaaa - that is where the penny drops .... Imagine that you can hold onto somewhere in the neighbourhood of 10,000 transfers of , lets say 100,000 Baht for 24 hours. That's 1,000,000,000 Baht per day sitting in your international transfer "hands". That is a lot of temptation. Maybe too much.

 

And so I wait and wait and wait for my hard earned pension which eventually arrives in my account 2 days later than usual.

And i wonder  what that money was up to for the past 48 hours ?

 

 

 

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