Opening An Offshore Account....can I Send

[jingjingna]

I am in the process of opening an offshore account and waould like to know from knowledgable members whether I can open the account by sending a corporate cheque in Thai Baht, drawn on my Thai corporate account?

Anyone in the know, anyone ever done this? I personally don't see 'why not', but TIT and who knows?

Cheers guys!

[geoffphuket]

I am in the process of opening an offshore account and waould like to know from knowledgable members whether I can open the account by sending a corporate cheque in Thai Baht, drawn on my Thai corporate account?

Anyone in the know, anyone ever done this? I personally don't see 'why not', but TIT and who knows?

Cheers guys!

My offshore account in the Isle-of-Man accepts Thai Baht cheques. Clearance takes 6-8 weeks as they have to be returned to the issuing bank in Thailand.

[jingjingna]

Hi geoffphuket,

That is where I am hoping to open the account. I don't mind waiting 6-8 weeks, as long as the job's done!

[geoffphuket]

Hi geoffphuket,

That is where I am hoping to open the account. I don't mind waiting 6-8 weeks, as long as the job's done!

I have an on-line account with Nationwide International in the Isle-Of-Man and can thoroughly recommend them. http://www.nationwideinternational.com/

You shouldn't have any problems, although if the cheque is for a large sum, you'd best to send it courier rather than rely on the Thai postal system.

geoffphuket

[Ubon9]

I personally don't see the point of opening an off-shore account and send a cheque (this will only trace back to thailand expecially if you work or do business in thailand.

[PennyFarthing123]

Can you open an account there without actually being there? When I opened my New Zealand account I had to go there to open it. Also when I wanted to add my husband to the account he had to go there to have his name added.

From past experience you also should check what charges the bank tacks on when accepting a foreign money check. When we were in the US the banks there charged an arm and a leg in fees.