Funds in the bank for a marriage or retirement extension

[Colonel_Mustard]

I shall be relocating to Thailand sometime early next year.  I will be entering on an O visa and will then need an extension before the 3 months are up.  I still have bank accounts with SCB and Krung Thai from 10 years ago when I was on a work visa.

 

If I understand correctly, I have to be able to demonstrate that funds for an extension based on retirement (800,000) or marriage (400,000) have come into my Thai bank from overseas.  Is this correct?

 

Is there any way to guarantee that these transfers will show on my bank book or statements as international transfers?  I looked at my Siam Commercial bank book and statements and the transfers I have previously made from HSBC in the UK don't indicate that the money has come in from overseas.

 

Is this just a Siam Commercial Bank issue or am I likely to have the same problems with other Thai banks and is there any foolproof way around it?

[BrandonJT]

Not quite correct.

 

The time you have to show that the funds came from overseas is when you are trying to convert from a tourist entry (tourist visa or visa exempt) into a non-O from within Thailand at an immigration office.

 

The money to apply for the 1-year extension does not have the requirement to show that it came from overseas.  It just needs to be in your account for the required amount of time.

 

The only other time you have to show that money came from overseas is if you try to switch to the monthly transfers method in the future.  Then each of your monthly transfers (40,000 or 65,000 baht) must be coded as an international transfer.

[UKresonant]

Did not think the marraige visa needed funds from overseas, interesting question what if the wife just subs you the 400k! The income method does need the 40k+ THB/month proof from overseas.

I used to SWIFT using Lloyds group straight into Krungsri in GBP and it always showed the  correct code.

 

Perhaps HSBC needs to use a correspondant bank to route it to SCB. perhaps they have a direct relationship with a different.bank which would be direct, and should show  the direct swift in? (of course they could change banking relationships as their business decides.)

 

Good idea for me to keep a file of proof I suppose. 

 

 

[DrJack54]

6 hours ago, Colonel_Mustard said:

I have to be able to demonstrate that funds for an extension based on retirement (800,000) or marriage (400,000) have come into my Thai bank from overseas.  Is this correct?

No. Since you have the Non O your only concern is extensions and using money in bank method the funds do not need to be shown came from abroad.

BTW: Even if you were applying for the Non O in Thailand it's only Non O retirement that would require proof funds from abroad. 

[Colonel_Mustard]

8 hours ago, DrJack54 said:

No. Since you have the Non O your only concern is extensions and using money in bank method the funds do not need to be shown came from abroad.

BTW: Even if you were applying for the Non O in Thailand it's only Non O retirement that would require proof funds from abroad. 

Thank you.

 

So if I obtain the Non O from where I am currently residing, before entering Thailand, I don't need to prove the funds came from overseas regardless of whether it is an extension based on retirement or marriage?

[DrJack54]

11 minutes ago, Colonel_Mustard said:

So if I obtain the Non O from where I am currently residing, before entering Thailand, I don't need to prove the funds came from overseas regardless of whether it is an extension based on retirement or marriage?

That's correct. 

Also for those without a Thai bank account then if you obtain the Non O prior to entering Thailand you will be able to open a Thai bank account. 

That of course in necessary to obtain 12 month extension. 

[Dan O]

If and when you convert to monthly transfers you will need to start showing funds came from overseas.  One way to do the transfer and ensure it codes correctly is a swift money transfer. They are a little more expensive but safer than a money mover and always coded as international transfer at the bank 

[Colonel_Mustard]

16 minutes ago, Dan O said:

If and when you convert to monthly transfers you will need to start showing funds came from overseas.  One way to do the transfer and ensure it codes correctly is a swift money transfer. They are a little more expensive but safer than a money mover and always coded as international transfer at the bank 

Sadly not with HSBC.  My previous transfers to SCB from HSBC expat show as local transfers as they seem to be routed via HSBC Thailand.

 

Seems it will probably be safer/easier for me to stick with the deposit in bank if no proof of overseas transaction is required.

[khunPer]

20 hours ago, Colonel_Mustard said:

I shall be relocating to Thailand sometime early next year.  I will be entering on an O visa and will then need an extension before the 3 months are up.  I still have bank accounts with SCB and Krung Thai from 10 years ago when I was on a work visa.

 

If I understand correctly, I have to be able to demonstrate that funds for an extension based on retirement (800,000) or marriage (400,000) have come into my Thai bank from overseas.  Is this correct?

 

Is there any way to guarantee that these transfers will show on my bank book or statements as international transfers?  I looked at my Siam Commercial bank book and statements and the transfers I have previously made from HSBC in the UK don't indicate that the money has come in from overseas.

 

Is this just a Siam Commercial Bank issue or am I likely to have the same problems with other Thai banks and is there any foolproof way around it?

Don't need funds from abroad if you have a non-O e-visa and enters Thailand on that visa.

[sandyf]

17 hours ago, Colonel_Mustard said:

Sadly not with HSBC.  My previous transfers to SCB from HSBC expat show as local transfers as they seem to be routed via HSBC Thailand.

 

Seems it will probably be safer/easier for me to stick with the deposit in bank if no proof of overseas transaction is required.

I have been using HSBC for nearly 20 years and never been shown as local transfer. Over the years there has been different codes in the TMB/TTB book, currently "NT" which means "Transfer (No Book)".

However a statement has always been different to the book with "Bahtnet" and then "EXIM" being used. A couple of years ago that changed to "International" and still current.

I do the extension on marriage and always provide a statement along with the book and letter.

[DrJack54]

Bit off topic as OP is asking about money in bank method.

 

However regarding "income method" for extensions clearly bank statements need to show transfers from abroad. There have been threads on this.

Some pointing to ways to fix issue if incorrect codes. 

One poster (can't find it) suggested with confidence that if you request the 12 month bank statement in Thai language that correct codes are stated. 

True? Doubt it. 

[Mukdahan Mark]

I transfer money every into my wife's bank account, is that going to be a problem?

 

[DrJack54]

34 minutes ago, Mukdahan Mark said:

I transfer money every into my wife's bank account, is that going to be a problem?

 

Why did you do that.

You should have transferred monthly 40k + into Thai bank account in your name only.