Buying condo - funding questions

[Jgalt]

I’m in Chiang Mai, and planning on buying a condo here.  I have been living in Thailand for seven years on Non-Im “ED” and “O” visas.  

My question concerns the funding of the condo.  The money that I will use to buy the condo is in a regular savings account here, and has been here for many years.   Someone told me that the money needs to be specifically brought in for the purpose of buying a condo, and deposited in a foreign currency account.  Can someone shed some light on this for me?  Will I need to send my money out, and then bring it back in to Thailand, depositing it into a foreign currency account?

Thanks for any assistance.

[george]

You need to prove that they ahve entered from abroad, you have to take them out of Thailand and import them again.

Be sure that the Thai Bank issues a "Form TT3" so you can prove that they have arrived in the right way. Just ask the bank for a TT3 form.