Transfer Money To Thai Bank

[Patriciachas]

can any one help with this question any help would be appreciated.If funds are withdrawn from a bank account in uk as travellers cheques then brought to thailand and deposited in a thai bank account does that count as money coming from abroad,as we would have documentory proof that it had come from outsid of thailand.

[LivinginKata]

I've always thought that only money TTed from a foreign bank to Thai bank is considered as money coming from a foreign source. Doubt that TCheques would qualify. I could be wrong

And don't forget to get a letter/certificate from your Thai receiving bank, which would then allow you to more easily repatriate that amount of money at a later date.

[moonhunt]

can any one help with this question any help would be appreciated.If funds are withdrawn from a bank account in uk as travellers cheques then brought to thailand and deposited in a thai bank account does that count as money coming from abroad,as we would have documentory proof that it had come from outsid of thailand.

I don't think so.

When the Bank sell Traveler's Check, they will give the receipt from the bank for payment, and traveler's check receipt.

But if I recall it correctly, usually there is no proof between two receipts.

They may have the link between two at their computer system, but I can not recall it from two recetips.

I think you may have to do wire-transfer.

[naka]

A friend has been doing exactly that for seven years now. I always thought it a bit odd but

each to his own, and anyway he travels back to UK every year to see his parents/family.

He cashes them in all at once and asks for a bank letter as proof of importing the funds.

He has never had a problem with Immigration when re-newing his retirement visa (Jomtien).

Naka.

[VBF]

can any one help with this question any help would be appreciated.If funds are withdrawn from a bank account in uk as travellers cheques then brought to thailand and deposited in a thai bank account does that count as money coming from abroad,as we would have documentory proof that it had come from outsid of thailand.

I beleive (!!) the answer is No. I asked at SCB in Pattaya in June and have to assume the answer remains the same.

The reasoning is that you don't deposit the TCs into your account. What you do, at SCB anyway, is you cash the TCs and then pay the resulting Baht into your account. They told me that was the only way to do it and logically, the same thing would happen if say, you wanted to pay $US into a UK (Sterling) account in UK.

It would be very handy if you could do what the OP asked, or even take a Cash Advance on a card and pay that in, but once again, you actually end up paying Baht cash into your account so no "trail" from abroad.

I'd actually also like to do just that - Anybody else got a take on it?

[jayceenik]

can any one help with this question any help would be appreciated.If funds are withdrawn from a bank account in uk as travellers cheques then brought to thailand and deposited in a thai bank account does that count as money coming from abroad,as we would have documentory proof that it had come from outsid of thailand.

Last October I exchanged AMEX TC $6,000 (bought in Jakarta) at my bank, Krung Thai. I kept the receipt but a month later they refused to include that amount as funds from abroad in my yearly 800K baht visa renewal letter.

[Ray1167]

Fact ; Currency T/Cs are drawn on a foreign bank, say for example in the UK. IF you endorse those cheques by signing them on the back , you are effectively making them negotiable instruments payable to your Thai bank. They may agree to clear them by sending them ' for collection' to the foreign bank they are drawn on . In settlement , they will receive a remittance on their account with their agent bank ( not necssarily the same bank ) in that country representing the value of the T/Cs .In order to reconcile their account , the Thai bank then pay the amount over to their Farang customers account ( after converting into THB ) . IF thai banks can do this , then this method would be categorised as an overseas remittance . Because in this example, their GBP sterling interbank account would reflect the transaction , so would the resulting FX deal. Same as a TT .

In practice : certainly worth a laugh trying to explain that one to the cashier at your local Thai bank.

Simply cashing T/Cs then depositing the cash is no better than using an ATM card to withdraw the funds. Its not an overseas remittance.