Woodsie888 Posted December 18, 2021 Share Posted December 18, 2021 I transferred from Singapore yesterday to SCB. The Singapore Bank App would only accept 49,999thb at a time. I had to do multiple transfers. It's not been like that previously for me. I'll try sending to K Bank next time. Link to comment Share on other sites More sharing options...
Johnny Mac Posted December 18, 2021 Share Posted December 18, 2021 None of this sounds right to me. Thailand has almost been a cash economy, go into any bank anytime of the day and you always see people depositing shed loads of baht, if that suddenly changed it would surely impact a lot of businesses and the general way of life here, etc. I recall the last I heard was that you could deposit up to 2 mil in your own acc without it being reported to the anti- money laundering dept, and could deposit up to 500k into someone else's acc without needing to show any ID. 1 Link to comment Share on other sites More sharing options...
wwest5829 Posted December 18, 2021 Share Posted December 18, 2021 15 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 cannot address this one bank. I can say there is no issue with my Wise transfers into Bangkok Bank to meet my 65 K+ monthly deposit. Link to comment Share on other sites More sharing options...
wwest5829 Posted December 18, 2021 Share Posted December 18, 2021 13 hours ago, chang50 said: This will wreak havoc on those who use the 65k income method for their retirement extensions. No problem doing my monthly 65K+ transfer via Wise into my Bangkok Bank account. Link to comment Share on other sites More sharing options...
userabcd Posted December 18, 2021 Share Posted December 18, 2021 15 hours ago, scubascuba3 said: Thailand is hotting up on anti-money laundering Maybe this because of US requirements: https://www.goldinglawyers.com/structuring-cash-transactions/#Structuring_Cash_Deposits_Withdrawals_Transactions Link to comment Share on other sites More sharing options...
Greenhill Posted December 18, 2021 Share Posted December 18, 2021 14 hours ago, chang50 said: This will wreak havoc on those who use the 65k income method for their retirement extensions. Will have NO effect, as it only affects CASH deposits, due money-laundering rules. Money coming in by 'wire transfers' from another financial institution is considered as having been 'checked' by that source and will continue to be credited, as previously. 2 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 18, 2021 Share Posted December 18, 2021 6 hours ago, Luuk Chaai said: everything seems to work fine, I just transferred in 165k using Wise from the US,, completed in 4 seconds The OP is referring to cash deposits at Thai bank counters that may be restricted per transaction. Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 18, 2021 Share Posted December 18, 2021 5 hours ago, misterphil said: I sent more than 50k last week with Wise with no issues. ????♂️ Wise is not a Thai bank restricting cash deposits! Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 18, 2021 Share Posted December 18, 2021 Just to ease all the apparent fear (and dispel any fear-mongering here) KTB officially has no maximum limit on the amount of cash, per transaction, that can be deposited over the counter into a personal, or third party, account. Neither has Bangkok Bank. Neither has Krungsri. Neither has Kasikorn. Neither has UOB. I know this because (of this thread) I just called my banks and asked them, specifically. 1 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 18, 2021 Share Posted December 18, 2021 2 hours ago, Greenhill said: 17 hours ago, chang50 said: This will wreak havoc on those who use the 65k income method for their retirement extensions. Will have NO effect, as it only affects CASH deposits, due money-laundering rules. Not even that! Link to comment Share on other sites More sharing options...
Alex2554 Posted December 18, 2021 Share Posted December 18, 2021 21 hours ago, JackGats said: I hope it doesn't apply to overseas transfers. It does 1 1 Link to comment Share on other sites More sharing options...
chang50 Posted December 18, 2021 Share Posted December 18, 2021 (edited) 1 hour ago, Alex2554 said: It does Can you please provide a few more details?Maybe tell us from which bank to which bank? Edited December 18, 2021 by chang50 incomplete 1 Link to comment Share on other sites More sharing options...
Chris.B Posted December 18, 2021 Share Posted December 18, 2021 On 12/17/2021 at 8:38 PM, 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 and it turned out to be 50,000 USD not Thai Baht! ???????? Link to comment Share on other sites More sharing options...
chang50 Posted December 18, 2021 Share Posted December 18, 2021 (edited) Well if a 50000 baht restriction on bank transfers does take effect we will just have to get used to transferring smaller amounts.Kinda tough on the guts who use Swift to bring larger amounts tho'. Edited December 18, 2021 by chang50 More info. Link to comment Share on other sites More sharing options...
Luuk Chaai Posted December 18, 2021 Share Posted December 18, 2021 17 hours ago, Luuk Chaai said: everything seems to work fine, I just transferred in 165k using Wise from the US,, completed in 4 seconds **KASIKORN ** 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! Link to comment Share on other sites More sharing options...
robblok Posted December 18, 2021 Share Posted December 18, 2021 A week ago used swift to transfer 350k to Kasikorn no problem. Link to comment Share on other sites More sharing options...
Chelseafan Posted December 18, 2021 Share Posted December 18, 2021 On 12/17/2021 at 1:38 PM, 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 Yeah happened to me. Tried to send 600,000 (for land), had to do 15 x 40 transactions. What a palava... Link to comment Share on other sites More sharing options...
robblok Posted December 18, 2021 Share Posted December 18, 2021 14 minutes ago, Luuk Chaai said: 17 hours ago, Luuk Chaai said: everything seems to work fine, I just transferred in 165k using Wise from the US,, completed in 4 seconds **KASIKORN ** 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 used swift last week like i said 350k bt from Dutch bank to Kasikorn. Got it on my account Tuesday. Link to comment Share on other sites More sharing options...
bbko Posted December 18, 2021 Share Posted December 18, 2021 The sky is falling, the sky is falling! One poster has a vague problem making a deposit and some worry warts automatically assume the banks are crashing, 555. 1 1 Link to comment Share on other sites More sharing options...
MJCM Posted December 20, 2021 Share Posted December 20, 2021 On 12/18/2021 at 8:03 AM, Luuk Chaai said: everything seems to work fine, I just transferred in 165k using Wise from the US,, completed in 4 seconds Question: Is your bank Kasikorn? Link to comment Share on other sites More sharing options...
VinnieK Posted December 20, 2021 Share Posted December 20, 2021 Link to comment Share on other sites More sharing options...
chang50 Posted December 20, 2021 Share Posted December 20, 2021 43 minutes ago, VinnieK said: Looks like only smallish transfers are allowed at least by certain banks and for some customers.I guess it must be linked to money laundering regs. Link to comment Share on other sites More sharing options...
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