VinnieK Posted December 20, 2021 Share Posted December 20, 2021 A bit of a crazy story but here it is.. Posted on behalf of a thai/swiss friend...you older sleuths are way better versed in these issues than me. She normally gets her pension in the middle of the month but not this time. Upon inquiring at the bank, (TTB) she was told that the pension climbed over the 50k baht mark and the bank cannot accept transfers over that amount. Is this even a thing? Anybody has more info? Which bank should she be moving to? The story is what she told me and keep in mind that she is 80 and mildly senile...some details might be missing. Thanks for any answers. 1 Link to comment Share on other sites More sharing options...
mtls2005 Posted December 20, 2021 Share Posted December 20, 2021 Many, many threads on this matter when it appeared ~ 1 December just a few https://aseannow.com/topic/1243487-krungthai-max-deposit-50k/ https://aseannow.com/topic/1241446-money-transfer-restrctions/ 1 Link to comment Share on other sites More sharing options...
Chivas Posted December 20, 2021 Share Posted December 20, 2021 Quite amusing that several had a pop at me over the weekend when I said exactly this in relation to Kasikorn..... 2 2 Link to comment Share on other sites More sharing options...
chang50 Posted December 20, 2021 Share Posted December 20, 2021 44 minutes ago, Chivas said: Quite amusing that several had a pop at me over the weekend when I said exactly this in relation to Kasikorn..... Something is happening definitely.. 1 Link to comment Share on other sites More sharing options...
BritManToo Posted December 20, 2021 Share Posted December 20, 2021 (edited) 1 hour ago, VinnieK said: Upon inquiring at the bank, (TTB) she was told that the pension climbed over the 50k baht mark and the bank cannot accept transfers over that amount. So retirement requires 65Kbht/month transfer from abroad ....... But you are limited to 50kbht/month. Somethings not right there. Would suggest using Wise, and it being recorded as a 'local' transfer. But makes the paperwork harder if you're using 65kbht/month to get a retirement extension. Edited December 20, 2021 by BritManToo 1 Link to comment Share on other sites More sharing options...
chang50 Posted December 20, 2021 Share Posted December 20, 2021 11 minutes ago, BritManToo said: So retirement requires 65Kbht/month transfer from abroad ....... But you are limited to 50kbht/month. Somethings not right there. Would suggest using Wise, and it being recorded as a 'local' transfer. But makes the paperwork harder if you're using 65kbht/month to get a retirement extension. Almost as if someone is trying to discourage the 65k baht method.. 1 Link to comment Share on other sites More sharing options...
VinnieK Posted December 20, 2021 Author Share Posted December 20, 2021 2 hours ago, Chivas said: Quite amusing that several had a pop at me over the weekend when I said exactly this in relation to Kasikorn..... Kasikorn also restrictive? She would be heading there tomorrow to open a new acct Apparently, they said 'no pobem' 1 Link to comment Share on other sites More sharing options...
Popular Post ArcticFox Posted December 20, 2021 Popular Post Share Posted December 20, 2021 Find a different bank. If they continue down this road, then any aspirations of attracting the wealthy and well heel" isn't going to happen when they can't transfer funds into Thailand. 3 Link to comment Share on other sites More sharing options...
dsj Posted December 20, 2021 Share Posted December 20, 2021 I had transfered 52,000 Baht to my TBB account thru Wise, it went thru 1 Link to comment Share on other sites More sharing options...
Classic Ray Posted December 21, 2021 Share Posted December 21, 2021 Appears no restriction at Bangkok Bank via Wise, I just transferred over that amount. 2 1 Link to comment Share on other sites More sharing options...
Popular Post JimHuaHin Posted December 21, 2021 Popular Post Share Posted December 21, 2021 I transferred just over Baht 200,000 into Kbank earlier this month, as I do every few months - no problems as usual. 2 1 Link to comment Share on other sites More sharing options...
TigerandDog Posted December 21, 2021 Share Posted December 21, 2021 (edited) I'm with ttb ( TMB/Thanachart ) and I received an international transfer yesterday for 130k baht. Something doesn't sound right with this story. To me this sounds like the daily deposit & withdrawal limits on the account need updating. When I first opened my accounts with TMB the daily deposit limit ( dometic & international ) was 50k baht and the daily withdrawal limit was 20k baht. These can be changed by logging into the ttbonline web site and signing into your account. I easily increased both limits to suit my needs. Edited December 21, 2021 by TigerandDog 1 Link to comment Share on other sites More sharing options...
CM Dad Posted December 21, 2021 Share Posted December 21, 2021 I never do wire transfers for under 150,000 baht to my accounts at both Bangkok Bank and Krungsi Bank, I usually use Swift and have never has any problems. In fact, I did a transfer of more than 1,500,000 recently to Bangkok Bank via Swift to make a fairly large purchase and it arrived in under 12 hours. I cannot understand why so many are saying they are having trouble with wire transfers. 2 Link to comment Share on other sites More sharing options...
Finlaco Posted December 21, 2021 Share Posted December 21, 2021 As of December 1st, the maximum you can send in a single transfer will be 49,999.99 THB. The change is due to new regulations introduced by the Anti-money Laundering Office (AMLO) and Payment System Office (PSO) for Thailand and applies to all money transfer companies. Azimo I received this email from.one of the peer to peer transfer companies earlier this month. I check with Wise and they say no limit for them to Thailand. I haven't done a tlf since the new laws. 1 2 Link to comment Share on other sites More sharing options...
robblok Posted December 21, 2021 Share Posted December 21, 2021 1 hour ago, JimHuaHin said: I transferred just over Baht 200,000 into Kbank earlier this month, as I do every few months - no problems as usual. Transferred 350k into Kasikorn 17-12-2021 from my Dutch bank with SWIFT no problem at all. So maybe its certain banks. 1 Link to comment Share on other sites More sharing options...
grain Posted December 21, 2021 Share Posted December 21, 2021 I'm with SCB I do regular transfers from my CBA bank in Australia via OFX every few months for amounts of over 200,000 THB. Last one was about 2 months ago, so I certainly hope I don't hit any snags next time I need to do a transfer, sometime in Jan 2022. Link to comment Share on other sites More sharing options...
oceanbreeze851 Posted December 21, 2021 Share Posted December 21, 2021 Same here. Transferred 100,000 baht from Schwab to K-bank 17-12-2021. 2 Link to comment Share on other sites More sharing options...
tonray Posted December 21, 2021 Share Posted December 21, 2021 (edited) This may have more to do with receiving transfers from non-banking entities such as pension providers, cash person to person transfers, etc. and perhaps there is simply an additional form to get signed to satisfy new money laundering regs. Edited December 21, 2021 by tonray 1 Link to comment Share on other sites More sharing options...
foreverlomsak Posted December 21, 2021 Share Posted December 21, 2021 So much for their concerns over non payment of hospital bills by foreigners if you cannot transfer a large sum of funds here at short notice. Just tried Wise from UK 30 minutes ago 600K THB cannot do, 400K THB cannot do, 200K THB OK get tomorrow 2.13pm in Bangkok Bank. Link to comment Share on other sites More sharing options...
ujayujay Posted December 21, 2021 Share Posted December 21, 2021 Open a account with Bangkok Bank, had 14 Years never a problem with international money transfers. 1 Link to comment Share on other sites More sharing options...
chang50 Posted December 21, 2021 Share Posted December 21, 2021 If there have been changes to the AMLO/PSO regulations for Thailand as has been suggested here and elsewhere why aren't they being applied consistently to all transfers/deposits over 49999 baht and why does Wise know nothing about it?Something strange is happening.. Link to comment Share on other sites More sharing options...
wwest5829 Posted December 21, 2021 Share Posted December 21, 2021 2 hours ago, Finlaco said: As of December 1st, the maximum you can send in a single transfer will be 49,999.99 THB. The change is due to new regulations introduced by the Anti-money Laundering Office (AMLO) and Payment System Office (PSO) for Thailand and applies to all money transfer companies. Azimo I received this email from.one of the peer to peer transfer companies earlier this month. I check with Wise and they say no limit for them to Thailand. I haven't done a tlf since the new laws. I have continued my monthly Wise transfers in excess of 65K baht for retirement visa without incident into Bangkok Bank since this idea was first posted. 1 Link to comment Share on other sites More sharing options...
digger70 Posted December 21, 2021 Share Posted December 21, 2021 4 hours ago, Classic Ray said: Appears no restriction at Bangkok Bank via Wise, I just transferred over that amount. Same here 400K THB. ???? 1 Link to comment Share on other sites More sharing options...
chilly07 Posted December 21, 2021 Share Posted December 21, 2021 (edited) Bangkok bank don't give any hassle over 50k but I do 3x 40k pm for Immigration purposes (using Wise) and have done so since 1Dec Edited December 21, 2021 by chilly07 Link to comment Share on other sites More sharing options...
robblok Posted December 21, 2021 Share Posted December 21, 2021 2 hours ago, tonray said: This may have more to do with receiving transfers from non-banking entities such as pension providers, cash person to person transfers, etc. and perhaps there is simply an additional form to get signed to satisfy new money laundering regs. Really good remark, if the two banks have the same accountholder in its name then there is probably no problem. Otherwise the problem might arise now. Im not sure how wise works but if they send without an accountholder his name it might give problems. Link to comment Share on other sites More sharing options...
KhunBENQ Posted December 21, 2021 Share Posted December 21, 2021 (edited) My last bigger WISE transfer is from 29 November to Bangkok Bank, amount of roughly 76000 Baht. Never had a problem. I transfer from a WISE Euro account located in Belgium in my name to a BKB account in my name. I searched the net for useful hints to no avail. Bangkok Bank states no limits (as other sites do similar): Quote There is no limit to the amount of funds that can be transferred from abroad into a Bangkok Bank account. However, senders must specify the purpose of the money transfer for every transfer, as commercial banks are required to report this to the Bank of Thailand on the client’s behalf. I put in bold this "purpose" thing. WISE will always ask for the purpose. I usually specify it as money for long term residence. I results in a next day transfer, arriving about 2 PM. A German mate receives his monthly Euro pension directly to his BKB account since years from German pension fund. Transferred in Euro. It is surely over 50k Baht and he would have cried foul very loud if it didn't work. Today I transferred a small amount (less than 200 Euro ~ 7500 Baht) for a mate. This time I specified "for services" (not sure about the English term). I went through in 5 seconds. Peer-to-peer obviously. https://www.bangkokbank.com/en/Personal/Other-Services/Transfers/Transferring-Into-Thailand/FAQs Edited December 21, 2021 by KhunBENQ Link to comment Share on other sites More sharing options...
Srikcir Posted December 21, 2021 Share Posted December 21, 2021 4 hours ago, foreverlomsak said: So much for their concerns over non payment of hospital bills by foreigners if you cannot transfer a large sum of funds here at short notice. Just tried Wise from UK 30 minutes ago 600K THB cannot do, 400K THB cannot do, 200K THB OK get tomorrow 2.13pm in Bangkok Bank. Some private and state hospitals by my experience will accept payment from foreigners by foreign VISA and/or Mastercard. Then just pay those charges through foreign homeland bank payments. No foreign bank transfers to Thailand necessary. Link to comment Share on other sites More sharing options...
lungbing Posted December 21, 2021 Share Posted December 21, 2021 I suspect some confusion somewhere. Perhaps there is a limit of 50,000 US dollars in one transaction and that was misunderstood as being baht. Just an idea. Link to comment Share on other sites More sharing options...
chang50 Posted December 21, 2021 Share Posted December 21, 2021 8 minutes ago, lungbing said: I suspect some confusion somewhere. Perhaps there is a limit of 50,000 US dollars in one transaction and that was misunderstood as being baht. Just an idea. Well if that's true there are an awful lot of confused people on this and related threads on thaivisa.Something is happening and getting to the bottom of it is proving highly elusive.Transfers of 50000 us dollars are not that common so as to generate multiple threads. Link to comment Share on other sites More sharing options...
foreverlomsak Posted December 22, 2021 Share Posted December 22, 2021 19 hours ago, Srikcir said: will accept payment from foreigners by foreign VISA and/or Mastercard. Many do not have one as many UK banks are now refusing to send cards to non UK addresses. 1 Link to comment Share on other sites More sharing options...
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