Bangkok Bank New York transfer problem, December 1 Initiation date

[RDahlin]

As most expats in thailand are finding out, as of December 1, 2019 Bangkok Bank New 

York has stopped transferring monies initiated from USA banks.  With many calls to

the USA I have found that   1.  ACH transfers from a USA bank to Bangkok Bank New York

will be rejected because  2.  Bangkok Bank New York now requires that all ACH transfers

be designated at   (International ACH Transfers),  

My personal bank and now finding out that accounts of others in the USA using other banks

do not do the International ACH transfer,    in the past they have just been designated as

ACH transfers.   My bank with deep investigation has determined that they are not able to do

the designation as required and they personally suggested that i set up my retirement as a

direct deposit right into a thailand bank.  

Alternatives    1.  Direct wire, cost of about $45,   2.  Western Union, (be aware) when i tried to use

them, I paid $30 fee on the USA end, and then in thailand they would only disburse my funds at about

26.5 baht to the dollar,  3. Transferwise.com   which has a decent fee that is good for small transfers, larger transfers

are charged a much higher rate,   4.  Direct deposit from your income source to your Thailand bank account  5.  For those receiving 

monies from Social Security,  a direct deposit can be set up through  SSA in the philippines utilizing form SSA-1199-OP107   ( file attached below in Word Format and also in PDF)  contact information for SSA, Philippines is  +632-530-12000 or email   [email protected]   

***  with the direct deposit form mentioned above from the SSA, I have found that 2 thailand banks that i know of refuse to sign the bottom of the form, but i have been assured by the SSA office in the Philippines that that signature is not needed,  they are only wanting the pertinent information listed on the form as well as the bank to direct deposit to, with account number and the SWIFT number to initiate this action ***

I am sure there are other routes, and it would be nice if you have a system that works to post it here so others now with the above issue, has an alternative to turn to.   Please if you have worked around this major issue for us Expats in thailand,  Post here so others can maybe follow your lead.  Thanks

 

Edited December 30, 2019 by CharlieH
personal info removed. !

[asiaexpat]

Where have U been?? Bangkok Bank gave notice last year that ACH transfers from banks would cease in April 2019 although some continued to be processed until November. Very old news widely discussed on TV.

[Pib]

yeap...this subject has been talked to death in numerous TV threads for over a year.   And come 1 Jan 2020 is when Bangkok Bank NY is suppose to start rejecting all US govt ACH payments which are not in ACH "IAT" format.  

 

As mentioned, although there have been numerous TV threads on this subject, below thread started 27 Jul 2018 probably has the most information.

 

 

Edited December 30, 2019 by Pib