Thai bankaccount, proof of monthly income from abroad.

[finnsk]

Proof of monthly income, retirement extension, hope somebody can help with this bank technique:

 

I just got retirement visa, get it on 800000 in bank, but want to change to a mix of income and bank, so now I must prepare the proof of my monthly income for the extension next year.

 

Until now I am using transferwise and send the money to Krungsri bank every month. 

 

As I understand, the shortcodes on the bankstatements is telling where the money is comming from etc..

 

I am not sure about these bank short codes, I got a TN code when I send money with transferwise to Krungsri, tn is shortened for "transfer deposit nobook", that does not tell it is an international transferment ?

 

AS teller information they write : Imex trade for bigger amounts and 1274h for smaller amounts ?

 

Do Krungsri not get the money directly, or do they need to use another thai bank to handle the internatinal transferments ?

 

Is there a way to make this, so I still can use Krungsri and get proof of monthly international transferments, or do I had to change bank.

 

If I had to change bank, what banks can make a clear proof on the bank statements, I have an account in Bangkok bank, but are very happy to use my local Krungsri branch.

 

Thanks in advance

 

 

Edited March 24, 2021 by finnsk

[OJAS]

3 hours ago, finnsk said:

Do Krungsri not get the money directly, or do they need to use another thai bank to handle the internatinal transferments ?

The issue is more to do with the partner bank which Wise use to process a particular transfer at the Thai end initially. They use 1 of 3 banks for this purpose - Bangkok Bank, Kasikorn or TMB. So in your case Krungsri will, in due course, receive the transfer from 1 of these 3 banks, which will be classed as an internal transfer in your passbook. What I would strongly advise you to do, therefore, is to get your monthly transfers credited to your Bangkok Bank account. Provided that, when setting up a transfer with Wise, you state the reason as being "Funds for long-term stay in Thailand", this should alert Wise to the need to use Bangkok Bank as their partner bank in your case, meaning that the credit to your account with that bank will be assigned the coveted FTT (standing for "Foreign Telegraphic Transfer") coding in your passbook and recorded as an "International Transfer" in statements.

Edited March 24, 2021 by OJAS

[JTXR]

I have both Krungsri and Bangkok Bank accounts.  Getting the right code for transfers into the Krungsri account was a hit and miss affair (I'd often get the TN code for no apparent reason), so I now only have my monthly transfers go to the Bangkok Bank account.  In order to ensure you get the proper FTT code, be sure that the transfer itself is in foreign currency (dollars, pounds, etc.), not in baht.

[finnsk]

2 hours ago, OJAS said:

The issue is more to do with the partner bank which Wise use to process a particular transfer at the Thai end initially. They use 1 of 3 banks for this purpose - Bangkok Bank, Kasikorn or TMB. So in your case Krungsri will, in due course, receive the transfer from 1 of these 3 banks, which will be classed as an internal transfer in your passbook. What I would strongly advise you to do, therefore, is to get your monthly transfers credited to your Bangkok Bank account. Provided that, when setting up a transfer with Wise, you state the reason as being "Funds for long-term stay in Thailand", this should alert Wise to the need to use Bangkok Bank as their partner bank in your case, meaning that the credit to your account with that bank will be assigned the coveted FTT (standing for "Foreign Telegraphic Transfer") coding in your passbook and recorded as an "International Transfer" in statements.

Hi Ojas

 

Thanks for the good answer, that tells me what to do.

 

I have to send the money to my Bangkok bank account from transferwise.  Maybe I will transfer the money to Krungsri in the end, after I get the transfer "printed" in the bangkok bank account.

 

Have a Nice day

[finnsk]

1 hour ago, JTXR said:

I have both Krungsri and Bangkok Bank accounts.  Getting the right code for transfers into the Krungsri account was a hit and miss affair (I'd often get the TN code for no apparent reason), so I now only have my monthly transfers go to the Bangkok Bank account.  In order to ensure you get the proper FTT code, be sure that the transfer itself is in foreign currency (dollars, pounds, etc.), not in baht.

Thanks for the answer

 

I will now also let my monthly transfer go to Bangkok Bank.

 

Yes you got a point about the currency, I must look after that when I set up the transferwise transfer to Bangkok Bank.

 

Have a nice day

[Taccos]

19 hours ago, JTXR said:

In order to ensure you get the proper FTT code, be sure that the transfer itself is in foreign currency (dollars, pounds, etc.), not in baht.

I have only recently transferred THB from my THB Wise account to my Bangkok Bank account and the incoming transfer got labelled as International Transfer. The currency seems to be irrelevant.

[OJAS]

18 hours ago, finnsk said:

Hi Ojas

 

Thanks for the good answer, that tells me what to do.

 

I have to send the money to my Bangkok bank account from transferwise.  Maybe I will transfer the money to Krungsri in the end, after I get the transfer "printed" in the bangkok bank account.

 

Have a Nice day

 

You might also wish to consider contacting Wise in order to "tag" your Bangkok Bank account, as suggested by @john terry1001 in the thread linked below. This is what I have done (subsequent to my statement to the contrary in that thread!) as a "belt and braces" measure to guarantee the coveted FTT coding for each of my monthly transfers to my Bangkok Bank account.

 

 

 

 

Edited March 25, 2021 by OJAS

[finnsk]

26 minutes ago, OJAS said:

 

You might also wish to consider contacting Wise in order to "tag" your Bangkok Bank account, as suggested by @john terry1001 in the thread linked below. This is what I have done (subsequent to my statement to the contrary in that thread!) as a "belt and braces" measure to guarantee the coveted FTT coding for each of my monthly transfers to my Bangkok Bank account.

 

 

 

 

Thanks Ojas for using your time.

 

I will tag/choose long term stay in Thailand when setup the transferment from TW to Bangkok bank.

 

I will call TW to make their attention on the tag at my preferred bangkok bank account.

 

Thanks for these important details.

 

Have a good day