Transfer of 800K using Wise for 1 Year Extension Visa

[DrJack54]

6 minutes ago, Wyabcp said:

Got it thanks, but it had to be in the bank account for 8 weeks before application? 

Funds (800k) must be seasoned for 2 months. 

You entered on a Non O. 

That provides 90 day permission of stay. 

In the last 30 days apply for 12 month extension

[Wyabcp]

2 minutes ago, DrJack54 said:

Funds (800k) must be seasoned for 2 months. 

You entered on a Non O. 

That provides 90 day permission of stay. 

In the last 30 days apply for 12 month extension

As i thought, awesome, thanks! 

[DrJack54]

1 minute ago, Wyabcp said:

As i thought, awesome, thanks! 

Just read up on the other required docs for extension. 

Such as bank letter etc. 

Which immigration office for extension? 

[Upnotover]

2 minutes ago, Wyabcp said:

As i thought, awesome, thanks! 

And make sure it's 2 months not 8 weeks!  Don't give them anything to play with!

[Upnotover]

17 minutes ago, Wyabcp said:

Thanks, I'll do a dummy run on the barclays Web site, to get the final cost difference. The first time i looked it was about £400 difference 

Don't think about letting Barclays send THB.  If you use them fine, but send GBP.  It will still costs you more than Wise but not so much.

[Upnotover]

Final note, as you may have read Wise has restricted the banks it will/can send to.  Although Krungsri is listed on their list of possible banks there is another thread running on here where people are getting transfers rejected to banks on that list.  I would highly recommend you make a trial transfer as soon as possible to ensure that you can actually use Wise if you choose to do so for the extension money.

[CanadaSam]

Sorry to read that you need to transfer those funds now, as IMO the baht is much too strong at the moment.

 

A month or two later, should be more favourable for foreign transfers to Thailand (fingers crossed).

[DrJack54]

6 minutes ago, CanadaSam said:

A month or two later, should be more favourable for foreign transfers to Thailand (fingers crossed).

Nothing to do with thread. 

The OP has zero option of when to transfer. 

He is applying for 12 month extension. 

[Keeps]

41 minutes ago, Wyabcp said:

Thanks, I'll do a dummy run on the barclays Web site, to get the final cost difference. The first time i looked it was about £400 difference 

I use Barclays online banking to send money from my account to Kasikorn Thai bank account. Always send sterling and let Kasikorn do the conversion. 

 

Barclays have zero charge for my online transfer (not sure if that is because I have Premier Banking?). Kasikorn take (I believe) 300 baht their end for the transfer. For amounts of a few thousand £ I find very little in difference in the amounts received between using Barclays and Wise due to Barclays not charging me. Wise probably just edge it though. 

 

 

[Wyabcp]

34 minutes ago, DrJack54 said:

Just read up on the other required docs for extension. 

Such as bank letter etc. 

Which immigration office for extension? 

tbh I'm not sure, I'm staying near Asoke so which ever is closest ?

thanks

[Liverpool Lou]

3 hours ago, BeastOfBodmin said:

Sending over USD 10K (or equivalent) has been an automatic flag for decades 

Nonsense.

[Liverpool Lou]

3 hours ago, BeastOfBodmin said:

It seems the Thai banking system's guidelines make people look criminals on occasion, doesn't it?

No, it does not.

[Upnotover]

6 minutes ago, Wyabcp said:

tbh I'm not sure, I'm staying near Asoke so which ever is closest ?

thanks

Chaeng Watthana.  No other option for you.

 

Make an appoitment here.    https://gov.immigration1.queueonline.net/appointment/login.html?v31

[DrJack54]

7 minutes ago, Wyabcp said:

tbh I'm not sure, I'm staying near Asoke so which ever is closest ?

thanks

Unless you move you will be dealing with CW. 

They have appointment option which is useful. 

Also most banks (apart from SCB) along with print/photocopy joints on same level. 

You need to (at a minimum) provide CW with a TM30 to show address. 

A lease would be a bonus. 

 

Here is link for appointment. 

https://bangkok.immigration.go.th/en/onlineservice-and-publicguide/

[Wyabcp]

17 minutes ago, Keeps said:

I use Barclays online banking to send money from my account to Kasikorn Thai bank account. Always send sterling and let Kasikorn do the conversion. 

 

Barclays have zero charge for my online transfer (not sure if that is because I have Premier Banking?). Kasikorn take (I believe) 300 baht their end for the transfer. For amounts of a few thousand £ I find very little in difference in the amounts received between using Barclays and Wise due to Barclays not charging me. Wise probably just edge it though. 

 

 

thanks, yeah I'm premier, but I think online transfer there is no charge for all.

[Wyabcp]

46 minutes ago, Upnotover said:

Don't think about letting Barclays send THB.  If you use them fine, but send GBP.  It will still costs you more than Wise but not so much.

ok I understand, I see the option to send and receive in GBP on Barclays. But it's hard to know the final cost. 

[DrJack54]

Just now, Wyabcp said:

ok I understand, I see the option to send and receive in GBP on Barclays. But it's hard to know the final cost. 

The transfer option can be changed in the future. 

For now concentrate on the application for the 12 month extension. 

Many threads on this. Here is one for CW.

 

[Wyabcp]

46 minutes ago, Upnotover said:

Final note, as you may have read Wise has restricted the banks it will/can send to.  Although Krungsri is listed on their list of possible banks there is another thread running on here where people are getting transfers rejected to banks on that list.  I would highly recommend you make a trial transfer as soon as possible to ensure that you can actually use Wise if you choose to do so for the extension money.

good idea, just tried and was successful

[Wyabcp]

1 hour ago, DrJack54 said:

The transfer option can be changed in the future. 

For now concentrate on the application for the 12 month extension. 

 

 

That's a very useful thread, thanks. But shouldn't I make sure the 2-month clock has started for having the 800k in the account first?

[DrJack54]

4 minutes ago, Wyabcp said:

That's a very useful thread, thanks. But shouldn't I make sure the 2-month clock has started for having the 800k in the account first?

Of course.

As stated. After entry with a Non O the first step is to open Thai bank account if do not have one 

Step 2 immediately transfer 800k

The thread I posted may have been ongoing extension and not first extension. 

[slsmith38]

NatWest charge nothing for SWIFT transfer via app if you accept 3/4 days transfer time. I recently did this and money received in 2 days. GBP15 for next day transfer. Maximum GBP10k per transfer so 2 required. Always transfer sterling and let Thai bank exchange on receipt.

[The Fat Controller]

There have been a few changes with Wise transfers to Thailand in the last couple of weeks, some banks excluded (possibly temporarily) and the lower limit to others amended.

Suggest we all keep checking our local version of the HELP page.

https://wise.com/help/articles/2932335/guide-to-thb-transfers?origin=search-thb

PS. I've sent 2m THB to Bangkok Bank many times, never any hold up or queries at either end, I'm in the UK.

[renaissanc]

This doesn't answer your question. After transferring the money to the satisfaction of Immigration, you might like to change banks. Krungsri Bank is rather old-fashioned and basic. My wife and I used to have an account there. I felt like I was going back in time when I needed to use their service.

[Card]

It's not necessary to prove the money came from overseas for extending retirement visas sobits ok to use Wise in 1 or more transfers. That's only when u want to buy property.

[Card]

19 hours ago, Wyabcp said:

Got it thanks, but it had to be in the bank account for 8 weeks before application? 

Be sure it best to have it in the bank 2 calendar months before extension rather than 8 weeks which is more of a western concept of 2 months.