Wise removes Long Stay Reason on Transfers

[arick]

15 hours ago, lungbing said:

That's probably because it is the bottom entry on the drop down menu and you didn't scroll down that far.

Why would wise have a specific thing about long-term stay in Thailand on their site I just don't understand it thank God it's been removed what was that for what was the purpose of it for.

[NanLaew]

On 9/20/2024 at 8:28 AM, Man Mart said:

I emailed Wise yesterday about the difficulties and implications posed by their actions and requested them to reinstate the relevant phrase on their list. They have asked me to be patient whilst their team investigates the matter. The more people that complain to Wise to reinforce our concerns the better. It is not just  visa issues, but why should Thailand based clients be asked to tell “porkies” concerning purchase of property which may not be the legitimate reason behind any transfer in order to record an FTT transaction!

They have an email address?

 

I'm a very new Wise sign-up and having issues linking my UK bank. Their app refers me to FAQ that don't address the issue and I have sent a message via the app but so far no response.

 

If you can share that email address (via PM), it would be appreciated.

[Liquorice]

11 minutes ago, NanLaew said:

I'm a very new Wise sign-up and having issues linking my UK bank.

You should be adding a new payee to your UK bank account using the Wise account details they sent, which is a UK account.

[mfd101]

1 hour ago, arick said:

Why would wise have a specific thing about long-term stay in Thailand on their site I just don't understand it thank God it's been removed what was that for what was the purpose of it for.

You're obviously unaware of the history of this over several years. It's because those of us on particular Thai visas (eg O/A) and who use the 'minimum 65K baht per month' method have to be able to prove - to Immigration's grudging satisfaction - that the funds really did come in from o/s.

[hotandsticky]

1 hour ago, arick said:

Why would wise have a specific thing about long-term stay in Thailand on their site I just don't understand it thank God it's been removed what was that for what was the purpose of it for.

 

 

It hasn't been removed (at least not for me)  -  I used that drop down option just now.

[Upnotover]

11 minutes ago, hotandsticky said:

 

 

It hasn't been removed (at least not for me)  -  I used that drop down option just now.

It was gone for a short while, then returned on Monday (as reported several times in this thread).

[JamesPhuket10]

9 minutes ago, mfd101 said:

You're obviously unaware of the history of this over several years. It's because those of us on particular Thai visas (eg O/A) and who use the 'minimum 65K baht per month' method have to be able to prove - to Immigration's grudging satisfaction - that the funds really did come in from o/s.

 

Yes, I have been using it for the old bloke visa as well where I have to show my bank account has 800k two months before I apply for the extension to stay, I have to prove it came from overseas and so Wise has included the long term option in its reasons for the transfer.

 

It is shown as an international transfer in my bank statement which I have to produce as proof of funds. 

[ThaiFelix]

On 9/23/2024 at 3:05 PM, Liverpool Lou said:

No, you quote one that is accurate as you're the one who made that (false) claim!   It is not illegal for foreigners to buy property in Thailand.

ok you mean condos?

 

[arick]

1 hour ago, hotandsticky said:

 

 

It hasn't been removed (at least not for me)  -  I used that drop down option just now.

It's not on my drop down I only have about seven options surely when you click long stay you need money for a long stay in Thailand surely that brings up the red flags on the international market when you're buying this exotic  currency.

[hotandsticky]

31 minutes ago, arick said:

It's not on my drop down I only have about seven options surely when you click long stay you need money for a long stay in Thailand surely that brings up the red flags on the international market when you're buying this exotic  currency.

 

 

nonsense. On both counts.

 

 

 

Edited September 25 by hotandsticky

[hotandsticky]

3 hours ago, arick said:

Why would wise have a specific thing about long-term stay in Thailand on their site I just don't understand it thank God it's been removed what was that for what was the purpose of it for.

 

 

Sometimes it is smarter not to advertise your ignorance.

 

 

We all only know what we know - and clearly you need to research the reasons.

[soisanuk]

3 hours ago, arick said:

It's not on my drop down I only have about seven options surely when you click long stay you need money for a long stay in Thailand surely that brings up the red flags on the international market when you're buying this exotic  currency.

 

The initial drop down window doesn't show it. You need to scroll down - it is the last item in the "purposes" on the list.

[Captor]

On 9/20/2024 at 5:21 AM, KannikaP said:

So if you do a Wise transfer, and it arrives immediately, has it gone through the SWIFT process at Bank HQ before it arrives in your Branch account. I think not.

Previously (for the past 7 years), clicking Long Stay or Property Purchase added one day onto the transfer time, most other options were instant.

Yes, because the money is already in place (Thailand) so no swift. Re: the topic, I made a transfer yesterday from Sweden to my wife at SCB and there was still the option Money for Long stay. So in my case it was still there.

[Sigmund]

Be it wise or Currency Fair, it always takes many days to arrive when money is sent from Europe to a Thai Bank account.

 

However, when it's a few hundred in foreign currency it arrives fast.

 

But when it's more then a 1000 Euros, it can take many days. As if that at some point, one of the partys involved in the transfer process are first using the money on markets, before releasing the amount to the beneficiary's account,.

[KannikaP]

51 minutes ago, Sigmund said:

Be it wise or Currency Fair, it always takes many days to arrive when money is sent from Europe to a Thai Bank account.

 

However, when it's a few hundred in foreign currency it arrives fast.

 

But when it's more then a 1000 Euros, it can take many days. As if that at some point, one of the partys involved in the transfer process are first using the money on markets, before releasing the amount to the beneficiary's account,.

Not for me Sigmund. last week it was Instant if I put for Family or Friends, one day extra for Property or, as previously, Long Stay, which I believe is back. My next transfer will be on 1st October.

[Liverpool Lou]

6 hours ago, ThaiFelix said:

On 9/23/2024 at 3:05 PM, Liverpool Lou said:

No, you quote one that is accurate as you're the one who made that (false) claim!   It is not illegal for foreigners to buy property in Thailand.

ok you mean condos?

Houses, also.

[arick]

14 hours ago, soisanuk said:

 

The initial drop down window doesn't show it. You need to scroll down - it is the last item in the "purposes" on the list.

Can you not read what I wrote The drop-down list when whether you scroll or not only has around seven options and being in Thailand is not one

[DrJack54]

1 hour ago, arick said:

Can you not read what I wrote The drop-down list when whether you scroll or not only has around seven options and being in Thailand is not one

From posted screenshot above reason ....."For Long Term Stay in Thailand" 

Your posts are incorrect. 

[hotandsticky]

1 hour ago, arick said:

Can you not read what I wrote The drop-down list when whether you scroll or not only has around seven options and being in Thailand is not one

 

I recommend Specsavers............

[ravip]

21 hours ago, hotandsticky said:

 

 

It hasn't been removed (at least not for me)  -  I used that drop down option just now.

On their website, it says thus...

Guide to THB transfers

[DrJack54]

15 minutes ago, ravip said:

On their website, it says thus...

Guide to THB transfers

Thanks.

I hadn't seen that link before and it gives very clear instructions to show "international transfer" 

The other option is "credit advice" from Thai bank 

[ravip]

35 minutes ago, DrJack54 said:

Thanks.

I hadn't seen that link before and it gives very clear instructions to show "international transfer" 

The other option is "credit advice" from Thai bank 

Unfortunately, I did some AUD to THB transfers already using the "personal expenses" option - so I guess those will not count for the 800K

 

I wonder if the option 'buying property' is ok with Thailand's rules?

Edited September 26 by ravip

[DrJack54]

6 minutes ago, ravip said:

Unfortunately, I did some AUD to THB transfers already using the "personal expenses" option - so I guess those will not count for the 800K

Those transfers will be fine even if not coded as international transfers.

The bank can provide credit advice.

Chat with your bank. 

[ravip]

1 minute ago, DrJack54 said:

Those transfers will be fine even if not coded as international transfers.

The bank can provide credit advice.

Chat with your bank. 

Thank you.

[andre47]

15 minutes ago, ravip said:

Unfortunately, I did some AUD to THB transfers already using the "personal expenses" option - so I guess those will not count for the 800K

 

I wonder if the option 'buying property' is ok with Thailand's rules?

for the 800K method the money don't have to come from abroad. it's just the balance which must be 800K.

[JamesPhuket10]

16 hours ago, Liverpool Lou said:

Houses, also.

 

True, farangs can buy houses, condos etc, as Thailand will let you pay for anything they like but it does not mean they own the land it sits regarding houses. 

 

But in any case, large property developers will not sell you the house separately from the land, farangs you can not buy those houses. 

 

But there are ways around it. 

Edited September 26 by JamesPhuket10
typo

[JamesPhuket10]

36 minutes ago, andre47 said:

for the 800K method the money don't have to come from abroad. it's just the balance which must be 800K.

 

Not true.

 

In addition to the bank statements we must provide a signed letter from the bank on the day we apply for the visa stating we have 800k in the bank, it only takes ten minutes and 100 baht in my local bank, so I suppose we could ask them to include a statement detailing the fact the money has come from abroad. 

[Liverpool Lou]

16 minutes ago, JamesPhuket10 said:

16 hours ago, Liverpool Lou said:

Houses, also.

 

True, farangs can buy houses, condos etc, ... but it does not mean they own the land it sits regarding houses. 

I know; I didn't say that the land could be owned.

[andre47]

1 hour ago, JamesPhuket10 said:

 

Not true.

 

In addition to the bank statements we must provide a signed letter from the bank on the day we apply for the visa stating we have 800k in the bank, it only takes ten minutes and 100 baht in my local bank, so I suppose we could ask them to include a statement detailing the fact the money has come from abroad. 

no, it's just the balance that counts, if you are using the 800K method

THB 800,000 in a bank account in Thailand, 2 months before and 3 month after the visa application
the remaining time it should not fell lower than THB 400,000

[hotandsticky]

2 hours ago, JamesPhuket10 said:

 

Not true.

 

In addition to the bank statements we must provide a signed letter from the bank on the day we apply for the visa stating we have 800k in the bank, it only takes ten minutes and 100 baht in my local bank, so I suppose we could ask them to include a statement detailing the fact the money has come from abroad. 

 

 

When using the incomed method, at Jomtien Immigration, I had to go to Kasikorn bank, Pattaya Klang international department to get a certificate stating that the funds were received from abroad. The local Jomtien branch couldn't do it.