Hey guys,

It is my understanding that I need to transfer money from abroad to a bank in Thailand so that I can get an FET form.

 

For the sake of clarity, let's say that the condo if 2 million so let's say $60,000.

The problem is my US bank will only allow me to send $50k per day. So can I send myself $50,000+$10,000??

Will that create a problem at the land office? 

 

Please help

I’m not an expert on this but I highly doubt it would make any difference . Maybe print out your bank rules/regulations and take it with you . 

Probably ok, but go into your branch and get them to confirm it. Bangkok Bank issue a letter saying how much and for what condo purchase

OP, the daily limits at your US bank can usually be changed, but otherwise an FET can be from multiple deposits. 

An FET (I think you will find its a letter nowadays) wont have a breakdown of separate deposits, the bank will ask what amount you want an FET for, usually add the condo details etc. Its just a confirmation that X amount of money has been changed to Baht. (it can literally be a combination of any foreign deposits over time)

The money you actually hand over for the condo can be a different source of funds from a different account.

I have used deposits from 2-3 years ago, even used my 800k retire funds to produce an FET. then paid with funds that I got from selling a car.. 

 

@Peterw42 Finally, this makes total sense. And it looks like, if I understand it correctly, I just need a confirmation letter from the bank and not even an FET form proper, thanks so much!

I am perplexed.

 

 

Banks will only provide an FET above a certain any. I think it is 200,000 baht.

On 8/17/2021 at 2:27 AM, OneMoreFarang said:

I am perplexed.

 

 

That was my first thought too????

I read FET and immediately thought Field Effect Transistor. Must the way my brain is wired.

FET in the Thai land office /Thai banking system stands for:

Foreign Exchange Transaction (Certificate)

 

Less transistors are involved.