KrungThai Max deposit 50k

[stubuzz]

The wife just tried to deposit 100k. She was told that she must deposit 50k twice as it is the new rule.

[ChaiyaTH]

So deposit twice, just like ATM's have maxes per withdraw. Else open 2 accounts connected to each other and deposit on both accounts + internal transfer realtime. What is the big deal.

Edited December 17, 2021 by ChaiyaTH

[scubascuba3]

Thailand is hotting up on anti-money laundering

[Chivas]

I recall this came up recently here using Transfer(wise) where the monies were returned as equated to more than 50,000 Baht

[EricTh]

What about other banks like Bangkok Bank?

[stubuzz]

Sorry, it was Krungthai Bank.

 

Not sure if it makes any difference, but my wife was paying cash into my account.

[chang50]

This will wreak havoc on those who use the 65k income method for their retirement extensions.

 

[JackGats]

9 minutes ago, chang50 said:

This will wreak havoc on those who use the 65k income method for their retirement extensions.

 

Not if it's just cash deposits as the OP seems to mention. I hope it doesn't apply to overseas transfers. SWIFT transfers are only ok if you can transfer high amounts. Even so, 50k is a ridiculously low amount.

[Liverpool Lou]

12 minutes ago, chang50 said:

This will wreak havoc on those who use the 65k income method for their retirement extensions.

 

Why?   Pensions are not paid into accounts using bank notes.

Edited December 17, 2021 by Liverpool Lou

[Liverpool Lou]

2 hours ago, stubuzz said:

The wife just tried to deposit 100k. She was told that she must deposit 50k twice as it is the new rule.

Use the cash deposit machine.

[chang50]

11 minutes ago, Liverpool Lou said:

Why?   Pensions are not paid into accounts using bank notes.

Let's hope it is just cash deposits however you can probably remember there was a recent thread about wise transfers and reports on the wise facebook page of thai banks refusing transfers.

[Liverpool Lou]

9 minutes ago, chang50 said:

Let's hope it is just cash deposits however you can probably remember there was a recent thread about wise transfers and reports on the wise facebook page of thai banks refusing transfers.

"...thai banks refusing transfers".

What do you mean, "Thais banks refusing transfers", transfers out of Thailand or transfers into Thai banks?   No Thai bank is refusing to accept transfers into Thai bank accounts.  Why would they?

 

Maybe you mean transactions through Wise being restricted?  Wise isn't a Thai bank.

Edited December 17, 2021 by Liverpool Lou

[chang50]

18 minutes ago, Liverpool Lou said:

"...thai banks refusing transfers".

What do you mean, "Thais banks refusing transfers", transfers out of Thailand or transfers into Thai banks?   No Thai bank is refusing to accept transfers into Thai bank accounts.  Why would they?

 

Maybe you mean transactions through Wise being restricted?  Wise isn't a Thai bank.

Into Thailand the wise community facebook page has a couple of people suggesting that there is a problem at the Thai end one specifically stating SCB has refused a money transfer.Don't shoot the messenger!

[dsj]

Even years ago, you could only do online transfers of a max of 50,000 Baht, anything over that and you have to do more. I believe wire transfers are ago.

[tonray]

6 minutes ago, dsj said:

Even years ago, you could only do online transfers of a max of 50,000 Baht, anything over that and you have to do more. I believe wire transfers are ago.

Paid for a car last year....590,000 baht from my Kasikorn app. You may be confusing the default amounts on the account vs what is possible if you change them. This year I also paid 250,000 baht or something similar for Dental Implant bill...all online transfers from my app.

Edited December 18, 2021 by tonray

[Luuk Chaai]

everything seems to work fine, I just transferred in 165k using Wise from the US,,  completed in  4 seconds

[Tracyb]

5 minutes ago, Luuk Chaai said:

everything seems to work fine, I just transferred in 165k using Wise from the US,,  completed in  4 seconds

Into which bank?  Reports are surfacing that Bangkok Bank is the only bank where +50k is possible…….   You can help us understand by telling us which bank you transferred to.  Thanks!

[misterphil]

11 hours ago, Chivas said:

I recall this came up recently here using Transfer(wise) where the monies were returned as equated to more than 50,000 Baht

I sent more than 50k last week with Wise with no issues. ????‍♂️

[misterphil]

6 minutes ago, Tracyb said:

Into which bank?  Reports are surfacing that Bangkok Bank is the only bank where +50k is possible…….   You can help us understand by telling us which bank you transferred to.  Thanks!

I sent more than 50k with Wise to my Kasikorn last week with no issues. ????‍♂️

[chang50]

11 minutes ago, misterphil said:

I sent more than 50k with Wise to my Kasikorn last week with no issues. ????‍♂️

Good news that's one of my banks.

[Srikcir]

11 minutes ago, misterphil said:

I sent more than 50k with Wise to my Kasikorn last week with no issues. ????‍♂️

Just did this week a foreign transfer to KB of 200k+, posted to savings account within 2 business days.

[1FinickyOne]

10 hours ago, JackGats said:

Not if it's just cash deposits as the OP seems to mention. I hope it doesn't apply to overseas transfers. SWIFT transfers are only ok if you can transfer high amounts. Even so, 50k is a ridiculously low amount.

Just a few days ago I transferred funds into kasi, far beyond the amount mentioned. No problem. 

[JimHuaHin]

Eralier this month I transferred A$10,000, about Baht 235,000, into my KBank account - no problems, as usual.

[DPKANKAN]

12 hours ago, Chivas said:

I recall this came up recently here using Transfer(wise) where the monies were returned as equated to more than 50,000 Baht

I sent 99,996 through uk Twise to Kasikorn 3 days ago arrived in 4 seconds.

I had issues on TWise last year when 3 of my monthly transfers which were over 100k and they went via Bangkok Bank.

Following a chat they advised me that in future all transactions will go straight to my Kasikorn Account.

[userabcd]

10 hours ago, JackGats said:

Not if it's just cash deposits as the OP seems to mention. I hope it doesn't apply to overseas transfers. SWIFT transfers are only ok if you can transfer high amounts. Even so, 50k is a ridiculously low amount.

"Even so, 50k is a ridiculously low amount."

 

Not anymore, govts and banks in the west have a lot of suspicion about anyone depositing, withdrawing or holding cash for that amount.

Edited December 18, 2021 by userabcd

[john smith]

I noticed a reference within this thread to restrictions on wise transfers ( a previous post )and also the possibility that this could cause problems for those using the B 65,000 income method for renewing retirement visas. Unable to find the original post I would appreciate a pointer in this direction.

[chang50]

24 minutes ago, john smith said:

I noticed a reference within this thread to restrictions on wise transfers ( a previous post )and also the possibility that this could cause problems for those using the B 65,000 income method for renewing retirement visas. Unable to find the original post I would appreciate a pointer in this direction.

It was titled 'money transfer restrictions' on december 1 by poster 'chelseafan'.

[brianthainess]

11 hours ago, stubuzz said:

Sorry, it was Krungthai Bank.

 

Not sure if it makes any difference, but my wife was paying cash into my account.

Ah so not paying it in to her own account may be the reason.

[Almer]

11 hours ago, chang50 said:

This will wreak havoc on those who use the 65k income method for their retirement extensions.

 

Ouch

[spetersen]

12 hours ago, chang50 said:

This will wreak havoc on those who use the 65k income method for their retirement extensions.

 

Wrong make two transfers from abroad