Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Bad day at CM Imm: Retirement extension

Featured Replies

8 minutes ago, Pib said:

K-bank did charge your a receiving fee and it's below.  However, they charge the fee "before" posting to your acct and since it was charged before posting to your acct it does not appear on your ibanking/passbook/statement....gives the impression no fee was charged but indeed it was.  However if you go ask for a Credit Advice it will show the fee.

image.png.4efb23583ab8bd7e1d8c4df91b46e8fa.png

It is surprising how many pensioners are unaware of that fee.  Tired of explaining it to them..not in the bank book, so there is no fee...wrong.

  • Replies 153
  • Views 13.4k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • I never understand why people have pensions, etc. transferred directly into Thai accounts. From my experience, a total resolution to the transfer issue is to have them sent into your home country

  • To Peter Denis: I'm not quoting, just to avoid repeating all of that. But . . . Now that's what I call a thorough response. Thanks for that wealth of information. That's an outline worth sav

  • The system isnt about being reasonable.. It is about complying with the demands..  If you get through this year, why not consolidate your pensions into a transferwise borderless bank account, then

Posted Images

On 1/12/2020 at 8:28 PM, Max69xl said:

Chase won't transfer USD, they transfer baht using their own exchange rate, which is lower than the TT buy rate you would get if they actually transferred USD. I promise you that a $5,000 US transfer using TransferWise will give you more in your account even with TW's fee (no K-Bank fee). K-Bank is one of TW's partner banks in Thailand and when using the correct reason for the transfer "Funds for long term stay in Thailand" the transfer will show up as foreign. You'll also receive the money within 24 hours and the rate is guaranteed. 

Wrong. Chase does transfer USD. It's an option you choose when you set up the transfer. I did it at least 8 times in the last 2 years. 

 

Also, if you have at least 200K in your IRA/401K and transfer it to Chase JPM you get private client status which gives no fee international wire transfers and fees reimbursed for all ATM fees. Chase JPM joined the others and now offers fee free trading also.

Yeap...$40 when transferring USD which means you get the Thai bank TT Buying Rate used for incoming foreign transfers....OR, $5 for for transfers less than $5,000 using the Chase exchange rate which is surely several percent below the Thai bank exchange rate (i.e, a Chase indirect fee).

 

https://www.chase.com/content/dam/chase-ux/documents/personal/checking/ABSF-en.pdf

image.png.eb38d4eac136f3eeddc1ca4a6e8ba0bb.png

 

  • Author

I'm the OP of this thread. I started it last week. It has been resolved. Thanks to the people who advised me to apply for an extension based on Thai spouse. That's what I did, successfully, today

 

I also plan to top up my bank account beyond 800k baht some time before next September, so thanks to you who suggested that. That will allow me to get back to retirement extensions, which are much less hassle. I probably won't keep the 800k in down the road, because I can start depositing my Social Security through Bangkok Bank. I didn't mention SS before. It's a third source that will use the correct transfer format, and allow me to return to the income method in 2022.

 

I also found the discussion of Transferwise very helpful.

 

To you jokers talking about Mexico, go start your own thread. Whatever happened to admins removing off-topic posts?

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.