What is the best way to send very large sums of money overseas?

[bob smith]

morning all. looking for advice on the best ways of sending large sums of money (upwards of 20 million baht) overseas? can it all be done in one go?

 

what would be the easiest way to do this? do i need to get a lawyer involved? 

 

thanks in advance .

Edited July 16, 2023 by bob smith

[save the frogs]

where did you get that kind of money, if you don't mind me asking?

 

crypto investing? 

 

land deals? 

 

[bob smith]

Just now, save the frogs said:

where did you get that kind of money, if you don't mind me asking?

 

crypto investing? 

 

land deals? 

 

answers to my question only please.

[JBChiangRai]

5 minutes ago, bob smith said:

answers to my question only please.

You can't answer that question without knowing the source of the funds, it depends whether you can prove that you either brought the money into the country legally or earned it here and paid tax on it, or not.  If you can't then it's completely different.

Edited July 16, 2023 by JBChiangRai

[Skipalongcassidy]

10 minutes ago, bob smith said:

morning all. looking for advice on the best ways of sending large sums of money (upwards of 20 million baht) overseas? can it all be done in one go?

 

what would be the easiest way to do this? do i need to get a lawyer involved? 

 

thanks in advance .

"overseas"... which direction... makes a big difference... from where to where... every country has its own rules

[ezzra]

This is strange, i have asked similar question this morning and yet my post is nowhere to be seen, any explanation there Mods?

[bob smith]

1 minute ago, ezzra said:

This is strange, i have asked similar question this morning and yet my post is nowhere to be seen, any explanation there Mods?

perhaps you can get some good answers here..

 

im still waiting mind you...

[Captain Monday]

Best way? You initiate a WIRE TRANSFER from your Thai bank like any legitimate business would or and individual who has acquired their funds legally.

[ezzra]

7 minutes ago, bob smith said:

perhaps you can get some good answers here..

 

im still waiting mind you...

I'm waiting for someone to ASK ME where did i get the money I intend to transfer.

[ezzra]

1 minute ago, Captain Monday said:

Best way? You initiate a WIRE TRANSFER from your Thai bank like any legitimate business would or and individual who has acquired their funds legally.

It has nothing to to do with legitimacy, my query is where to get the best rates.

[worgeordie]

32 minutes ago, bob smith said:

do i need to get a lawyer involved?

Only if your caught money laundering ....

 

regards Worgeordie

[Peterw42]

10 minutes ago, bob smith said:

perhaps you can get some good answers here..

 

im still waiting mind you...

People have answered you. Need to know the source of the money, if tax has been paid etc, as to how to export it.

Example, if its from a condo sale then the land office will provide documentation to show the bank.

[Grumpy one]

Entrust your money into my care.

I will ensure it leaves the country post haste, along with myself  ????

[Olmate]

5 minutes ago, ezzra said:

It has nothing to to do with legitimacy, my query is where to get the best rates.

As the popup ad now showing on this AN threadsays Dee Money! 

[Crossy]

19 minutes ago, ezzra said:

This is strange, i have asked similar question this morning and yet my post is nowhere to be seen, any explanation there Mods?

 

Do you mean this thread? Still exactly where you posted it ???? 

 

 

[EVENKEEL]

To make everything easier I suggest sending to tilac's account. I'm sure she'll agree.

[BenStark]

26 minutes ago, ezzra said:

This is strange, i have asked similar question this morning and yet my post is nowhere to be seen, any explanation there Mods?

Maybe learn to use a PC, then you would find your own topic,

 

 

 

[delgarcon]

I use Wise to transfer currency from one country to another and their rates and charges are hard to beat. I wouldn't transfer the money in one lump, however.

[ezzra]

7 minutes ago, BenStark said:

Maybe learn to use a PC, then you would find your own topic,

 

 

 

Sure, go on and insult people, makes you look smart, but so you know, i meant the my 'thread' was not not on the right pane where's all the fresh threads are.

[Peterw42]

3 minutes ago, delgarcon said:

I use Wise to transfer currency from one country to another and their rates and charges are hard to beat. I wouldn't transfer the money in one lump, however.

Wise doesn't do transfers out of Thailand, only does incoming.

[proton]

8 minutes ago, delgarcon said:

I use Wise to transfer currency from one country to another and their rates and charges are hard to beat. I wouldn't transfer the money in one lump, however.

Wise is for in not out

[delgarcon]

5 minutes ago, Peterw42 said:

Wise doesn't do transfers out of Thailand, only does incoming.

We learn something every day

[Olmate]

33 minutes ago, Crossy said:

 

Do you mean this thread? Still exactly where you posted it ???? 

 

 

Not the best forum for money matters maybe! 

[Nemises]

1 hour ago, bob smith said:

 can it all be done in one go?

 

yes

 

 

 

1 hour ago, bob smith said:

what would be the easiest way to do this?

go to your bank with proof of source

 

 

 

 

1 hour ago, bob smith said:

do i need to get a lawyer involved? 

no

[JBChiangRai]

43 minutes ago, Peterw42 said:

Example, if its from a condo sale then the land office will provide documentation to show the bank.

That can also be problematic, say you bought your condo for 5M but only declared 3M purchase price to land office and sold it for 10M but only declared 8M sale to land office, you can only send 3M overseas with land office documentation alone.

[mania]

1 hour ago, bob smith said:

morning all. looking for advice on the best ways of sending large sums of money (upwards of 20 million baht) overseas? can it all be done in one go?

 

Of course it can be done in one go from bank via wire but..

Anything over 50K usd will need explaining as to how you got the money.  If it were 3-4 million I would suggest that route as it is easier no questions asked sending say 1.5 million baht out at a time. You just say repatriating money as reason

 

If your a foreigner & sending  all 20 mill out at once then

that means showing your FET slips that shows you brought it into the country

 

If you made it in country then you need to show source

Same if you brought in less to buy home & later sold it for more

 

Edited July 16, 2023 by mania

[novacova]

I assume the funds are currently in TH. Whether the funds were acquired legally or illegally in Thailand, wouldn’t it have been wise to have this thought out before you decided to put your money in a bank here? It’s beyond my comprehension of how many post I read on the forum of unprepared, wait till the last minute and lack of foresight. I mean really, who would not have a well thought out plan for such a large sum of funds, I can only deduce…

Edited July 16, 2023 by novacova

[chuang]

1 hour ago, bob smith said:

answers to my question only please.

Many ways to send such money if only known where money come from..

[Ebumbu]

Bitcoin! 

[Kwasaki]

2 hours ago, bob smith said:

morning all. looking for advice on the best ways of sending large sums of money (upwards of 20 million baht) overseas? can it all be done in one go?

 

what would be the easiest way to do this? do i need to get a lawyer involved? 

 

thanks in advance .

Thai High Street bank I have always used.

Your have to transfer the amount in max amounts allowed I would say.