Money Transfer Detail For Retirement Visa Bank Account

[Jingthing]

I see that Bangkok Bank now offers a really easy NON-SWIFT way to transfer money to Thailand, and cheap too.

The way it works (I think) is you open a Bangkok Bank account, then for example US people, you do an online ACH transfer to Bangkok Bank New York from your US bank but enter your Thailand Bangkok Bank account number (with no need for an actual New York account). I don't know what other countries would be supported by this method.

Then the money is transferred to Thailand to Bangkok Bank. A poster here said the Bangkok Bank passbook would show this as a foreign tranfer, which immigration likes.

So far, so good.

But my wrinkly question is this.

Suppose you then did an interbank tranfer of the wired amount from Bangkok Bank to another Thai bank account (in my case it would be SCB as I have been using SCB). The code at the other Thai bank would not show a foreign transfer, obviously. So, supposing you collected paperwork from Bangkok Bank for each foreign transfer to show to immigration as needed.

Would immigration accept this?

Egads, this is kind of a boring topic, isn't it? But I am really asking.

Edited May 20, 2008 by Jingthing

[lopburi3]

That method may not be legal and most banks will block the transfer if a manual check is made from reports here. That Bangkok Bank is making automatic transfer overseas where US Government, for example, would not have account freeze ability seems to be shaky (at best). Bangkok Bank does offer a system that meets US Government approval but that is only for deposit to special no ATM access accounts.

So yes, it may work, especially for smaller transfers. But it also may not.

[Thanyaburi Mac]

I see that Bangkok Bank now offers a really easy NON-SWIFT way to transfer money to Thailand, and cheap too.

The way it works (I think) is you open a Bangkok Bank account, then for example US people, you do an online ACH transfer to Bangkok Bank New York from your US bank but enter your Thailand Bangkok Bank account number (with no need for an actual New York account). I don't know what other countries would be supported by this method.

Then the money is transferred to Thailand to Bangkok Bank. A poster here said the Bangkok Bank passbook would show this as a foreign tranfer, which immigration likes.

So far, so good.

But my wrinkly question is this.

Suppose you then did an interbank tranfer of the wired amount from Bangkok Bank to another Thai bank account (in my case it would be SCB as I have been using SCB). The code at the other Thai bank would not show a foreign transfer, obviously. So, supposing you collected paperwork from Bangkok Bank for each foreign transfer to show to immigration as needed.

Would immigration accept this?

Egads, this is kind of a boring topic, isn't it? But I am really asking.

Are you looking for monthly transfers of baht 65,000 or so, or just a one-time large drop?

I also use SCB and have been doing so for many years.  I also write a monthly personal check on my U.S. $$ account for deposit to my SCB baht account.  Last time was 2 May and ran $2,070 to get my credit of baht 65,000+, including SCB's small charge of baht 200 fee and a baht 3 tax stamp.  I also get a form from SCB that shows my U.S. bank's name.

Quick & easy, I think.

Oh, yes, a couple times I have done a wire transfer from my U.S. bank to the local SCB account, not very often as it costs $45 now, charge on the U.S. side.  This for buying a car, house, etc.  All I provide my U.S. bank is info on:

name

SCB account #

SCB branch name

And the U.S. bank seems to be able to figure out the rest.

Mac

[mahjongguy]

The OP's question is not being addressed.

Regardless of how the money is wired in, in his case he will need:

- a wire detail report from the receiving bank (stamped and signed!)

- the usual bank letter from that bank

- copies of every page in that bankbook

- the usual bank letter from his regular bank

- copies of every page in this bankbook

Immigration officers are not accountants and should not be expected to follow a complex trail, but this situation is common enough and the documentation above should suffice.