US Social Security Direct Deposit is late

[Galong]

I realize yesterday was the Queen's birthday, so the banks were closed. However, every other time this has happened, the SS direct deposit was paid by 10:30 am the next day. Bangkok Bank isn't showing mine yet.  Is anyone else's a bit late?

"My Social Security" shows that it was paid on the 3rd. I assume this is just BKK Bank being BKK Bank. 🤦

[flexomike]

2 minutes ago, Galong said:

I realize yesterday was the Queen's birthday, so the banks were closed. However, every other time this has happened, the SS direct deposit was paid by 10:30 am the next day. Bangkok Bank isn't showing mine yet.  Is anyone else's a bit late?

"My Social Security" shows that it was paid on the 3rd. I assume this is just BKK Bank being BKK Bank. 🤦

I got mine on the third through Bangkok Bank. Wife gets hers through Krungthai bank and as of ten minutes ago still has not received hers.

[flexomike]

1 minute ago, flexomike said:

I got mine on the third through Bangkok Bank. Wife gets hers through Krungthai bank and as of ten minutes ago still has not received hers.

Is your deposit routed through Bangkok Bank NY, mine is. Wife doesn't get hers through NY

[Galong]

2 minutes ago, flexomike said:

I got mine on the third through Bangkok Bank. Wife gets hers through Krungthai bank and as of ten minutes ago still has not received hers.

Thanks, Mike. 🙏 I worry too much. Then again, BKK Bank has given me reason to worry in the past. I'll hang in there. 

[Galong]

3 minutes ago, flexomike said:

Is your deposit routed through Bangkok Bank NY, mine is. Wife doesn't get hers through NY

I'm not actually sure if mine goes through NY. I assume all BKK Bank transactions go through NY on the way to being a Direct Deposit here.

I set it up 3 years ago. It has been trouble-free for the most part. It's been at least a day day a few times and two days late once.

[flexomike]

1 minute ago, Galong said:

I'm not actually sure if mine goes through NY. I set it up 3 years ago. It has been trouble-free for the most part. It's been at least a day day a few times and two days late once.

 

1 minute ago, Galong said:

I'm not actually sure if mine goes through NY. I set it up 3 years ago. It has been trouble-free for the most part. It's been at least a day day a few times and two days late once.

I st mine up for direct deposit to Thailand nine years ago. I have been lucky no issues. Does your deposit when it comes says FTT

[flexomike]

Just now, flexomike said:

 

I st mine up for direct deposit to Thailand nine years ago. I have been lucky no issues. Does your deposit when it comes says FTT

Set

[Galong]

Just now, flexomike said:

 

I st mine up for direct deposit to Thailand nine years ago. I have been lucky no issues. Does your deposit when it comes says FTT

It says BTN or TRF or TRW.  I've never changed anything, so I have no idea why the code would change.

 

[Mavideol]

14 minutes ago, Galong said:

I realize yesterday was the Queen's birthday, so the banks were closed. However, every other time this has happened, the SS direct deposit was paid by 10:30 am the next day. Bangkok Bank isn't showing mine yet.  Is anyone else's a bit late?

"My Social Security" shows that it was paid on the 3rd. I assume this is just BKK Bank being BKK Bank. 🤦

didn't receive anything yet and as you prior to that always on the 3rd or if holiday on the 2nd, let's not panic and wait

[flexomike]

Just now, Galong said:

It says BTN or TRF or TRW.  I've never changed anything, so I have no idea why the code would change.

 

With those codes your deposit is not coming from NY, same as my wife's account.

[Galong]

1 minute ago, flexomike said:

With those codes your deposit is not coming from NY, same as my wife's account.

OK, then I'm in the same boat as your wife... It's not JUST me. 😉  I'll relax and wait.  Thanks for your input, buddy!

[Thailandbuckeye]

Just now, Galong said:

OK, then I'm in the same boat as your wife... It's not JUST me. 😉  I'll relax and wait.  Thanks for your input, buddy!

Mine is the same as yours. Not received yet, usually  get on the 2nd. Maybe they are just backed up due to the holiday.

[Galong]

3 minutes ago, Thailandbuckeye said:

Mine is the same as yours. Not received yet, usually  get on the 2nd. Maybe they are just backed up due to the holiday.

I got one once that arrived on the 5th of the month. 99% of the time it arrive on the 3rd right around 10:30 am.  Oh well, so the waiting game begins. 🤞

[frank83628]

I thought musk had scrapped all your SS... guess that was just another lie.

[flexomike]

Hey at least the dollar is going up, I got paid in the morning of the third and the dollar had dropped to 32.52 it is now at 32.74, a silver lining.

[jimmyjam12]

I’m still waiting as well.  I have IDD and would have expected the deposit to have posted by now

[jlm53]

Mine was late last month 3 days,Now it is late again.Kasikorn Bank Never been late before. I think it will get worse.

[flexomike]

looking like the only ones that got their deposit are those with Bangkok Bank accounts that are ACH transfers from Bangkok Bank NY. Just checked with the wife and she still has not gotten hers. in the past her deposit alway came before mine.

[jimmyjam12]

I’m hoping this is a one off bank holidays on Monday and Tuesday causing the transfer to our accounts to be delayed.  I’m thinking those of us with IDD are suffering the delay with the transit bank not sure if it’s citi or chase can’t remember so I’m hoping tomorrow 

[bamnutsak]

I think it's taken Bangkok Bank a few extra hours today to clear all the accumulated inward remittances from the past four days.

 

My SWIFT transfer came through at 13:28 while it normally clears before 10:00.

 

 

[connda]

Haven't seen mine yet either.  So join the club.

[Pib]

Two ways that SSA (and some other US govt agencies) sends direct deposits to Thailand;
 

1.  ACH direct deposit method which goes thru the Bangkok Bank NY branch which uses the NY branch ACH routing number....the NY branch is a licensed US bank...when it arrives Bangkok Bank Thailand it's coded as FTT.  This method can only be used with Bangkok Bank (no other Thai banks) and typically requires setup of a special, restricted account to receive reoccurring US govt pension payments like from SSA, Military, VA, etc., although a few people have been lucky in Bangkok Bank allowing these ACH govt pension to go into a standard, unrestricted account.   And by "restricted" I mean it requires a person to visit a branch to withdraw/transfer funds from the acct; no can transfer/withdraw funds out of the restricted acct online like using mbanking or ibanking.

 

2.  IDD (International Direct Deposit)  which can can be sent to "any" bank in Thailand and into regular, unrestricted accts. IDD payment use the SWIFT system vs the ACH system....Bangkok Bank NY branch is not involved in this transfer as the US Treasury which is the one that actually sends the payments uses a contractor bank that is currently Citibank Global.   When funds post your bank acct they are usually coded as BTN (or something very similar depending on your Thai bank) which stands for the Thai BAHTNET system which is a Thailand unique funds transfer system that interfaces with the SWIFT system.   BAHTNET is used for the last leg of the IDD payment which results in the BTN coding....that is, SWIFT hands off to BAHTNET to run the last leg of the transfer. 

 

My wife gets her SSA payment via IDD and it almost always  arrives on the 3rd and sometimes a day or before.  But she has not received this month's payment as of 4 June/8:30pm.  Expect this long holiday weekend (i.e., Queen's Birthday holiday and Bank of Thailand holiday) has affected arrival/posting of some foreign payments depending on how they arrive.   From looking at past posting dates for the wife's SSA payment via IDD there have been a few times over the years where it arrived on the 4th, a few times on the 5th, and one time on the 6th.  Hopefully it will arrive on the 5th/Thursday or 6th/Friday and the delay was caused by the long Thai holiday.

[Pib]

7 hours ago, flexomike said:

I got mine on the third through Bangkok Bank. Wife gets hers through Krungthai bank and as of ten minutes ago still has not received hers.

Sounds like you use the ACH method and the wife uses the IDD method.

[Pib]

7 hours ago, flexomike said:

 

I st mine up for direct deposit to Thailand nine years ago. I have been lucky no issues. Does your deposit when it comes says FTT

Then it was setup as ACH method as the IDD method for Thailand didn't come about until mid 2019.

[Pib]

Below Bank of Thailand weblink talks BOT holidays which Thai banks pretty follow fully or partially....shows the 2/Mon and 3/Tue June as official  bank holidays.   Expect Thai banks have a backlog of foreign payments that accumulated from Sat, Sun, Mon, and Tue that the banks want to eyeball before releasing/posting....probably too many to clear on 4 June/Wed.

https://www.bot.or.th/en/financial-institutions-holiday.html

[flexomike]

9 hours ago, Pib said:

Sounds like you use the ACH method and the wife uses the IDD method.

correct

[flexomike]

9 hours ago, Pib said:

Then it was setup as ACH method as the IDD method for Thailand didn't come about until mid 2019.

correct

[Galong]

19 hours ago, jlm53 said:

Mine was late last month 3 days,Now it is late again.Kasikorn Bank Never been late before. I think it will get worse.

Yeah, this should all be automated and not be affected by the bank being closed or anything else in my opinion.  The US "My Social Security" site said it was paid out on June 3rd. The US side did what they were supposed to do... or at least that is what they claim. 🤔

I'll check just after 10:30 am this morning (the normal time when past deposits were made) and if it's not in there is a  Global Payment Services Department, Bangkok Bank Headquarter at (tel) 02 230 1323. I'll pester them a bit and post here if there is any worthwhile insight. 

[Pib]

20 hours ago, jlm53 said:

Mine was late last month 3 days,Now it is late again.Kasikorn Bank Never been late before. I think it will get worse.

Assuming you use the IDD method I expect Kaiskorn caused this problem.

 

Earlier the wife looked at her SSA IDD deposits to her Bangkok Bank acct since the beginning of this year and the payments occurred before 10:30am on 3 Jan, 3 Feb, 3 Mar, 3 Apr, and 2 May.     As mentioned in an earlier post she also looked back years and found a few times where IDD payment posting occurred on the 4th, a couple on the 5th, and once on the 6th.  And sometimes received the funds a day or two before the 3rd of the month.   All SSA IDD payments.

 

Since an IDD payment  uses the SWIFT system for most of its trek around the world except for this last mile or so where SWIFT hands off to the Bank of Thailand "BAHTNET" system which interfaces with SWIFT the delay this month might be at the "Bank of Thailand" since it appears you as a Kaiskorn customer and others as Bangkok Bank customers haven't received their IDD payment.

 

The Bank of Thailand SWIFT code for entry into the BAHTNET system is BOTHTHBP XXX....the whole delay may be at the Bank of Thailand and not the individual banks like Bangkok Bank, K-bank, etc.   The IDD payments must get thru the BOT SWIFT/BAHTNET gateway to the individual Thai banks before those banks can post to a person's account. 

 

It's just a long holiday period delay thingie.....most likely a "BOT" funds transfer delay related to BAHTNET.

 

 

 

 

 

[Galong]

GOT IT!!!!  🥳 It arrived at 10:29 am today (Thursday the 5th).