Transferring Funds To Overseas Account

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1. How do I transfer funds overseas from my Bangkok Bank account?
   There are a number of ways you can transfer funds overseas from your Bangkok Bank account.
   Bualuang iBanking:
   If you are in Thailand, the most convenient way to transfer money overseas is by using Bualuang iBanking, our online banking service. The benefit of this service is that once it has been set up you will be able to make funds transfers online at your own convenience without having to complete any further documentation.
   Funds can be transferred overseas via Bualuang iBanking for the following purposes:
   
2. Expatriates repatriating income: the maximum amount of income that an expatriate can repatriate overseas in a year cannot exceed their yearly earnings, less tax and living expenses in Thailand. A letter from your employer is required.
   

• Sending money to relatives living overseas: you may transfer up to USD 1 million overseas to support relatives who are permanent residents in a foreign country. To do this, you will need to supply evidence confirming that the recipient is a permanent resident in a foreign country.
  
• Paying for education overseas: if you are transferring money to cover the educational expenses of someone studying abroad, you will need to provide a letter from the educational institution or government agency outlining the costs involved. The amount that can be transferred will be based on this.
  
  

1. To use Bualuang iBanking to transfer funds overseas, you will first need to visit your branch to register for Bualuang iBanking and register the offshore accounts you wish to transfer funds to. After this is completed, you will be able to transfer funds conveniently online.
   Foreign remittance service:
   Alternatively, you can transfer money overseas by visiting any one of our branches that has a foreign remittance service.
   Any transfer of more than USD 20,000 must be notified to the Bank of Thailand and transfers of more than Bt2 million must be notified to the Anti-Money-Laundering Office. Bangkok Bank will require you to complete some forms so that we can process these notifications on your behalf.
   Already overseas:
   If you are already overseas, the easiest way to transfer money is to use Bualuang iBanking, or for smaller sums, to use your Be1st or Bualuang Premier ATM card to withdraw cash from an ATM.
   If you are already overseas, have not registered with Bualuang iBanking and need to transfer a large sum of money from your Bangkok Bank account that would be impractical to withdraw via an ATM, then you will need to authorize a trusted person in Thailand to carry out the transaction for you at the branch where you opened your Bangkok Bank account.
   To do this, please contact the branch and ask them to send you a funds transfer form by mail to your address overseas. You should complete this form and send it along with a letter of power of attorney and signed copies of your passport to the trusted person, authorizing them to make the funds transfer at the Bangkok Bank branch.