Remitting Payment To Thailand, While In Thailand?

[rkbauer]

Hello, I am going to be buying a condo off plan in Thailand, that I have to make payments to until 2013 but am going to be living in Thailand until then, as a renter. What would be the easiest way to remit payment? Do I have to physically be in my home country to remit payment or could I, say, go to a Citibank/Bank of America branch in Bangkok and remit money from my American bank account that way? Thanks.

[PattayaParent]

There's this new thing called the World Wide Web that you can use to access your bank account from anywhere in the world and transfer money around the world.

[rkbauer]

There's this new thing called the World Wide Web that you can use to access your bank account from anywhere in the world and transfer money around the world.

I was under the impression that it was a bit difficult to transfer $300,000 to a foreign country over the internet. And of course, my bank doesn't allow that.

They allow wire transfers by phone, but to be honest, I don't exactly trust some banker to get such a very specific wire transfer correct over the phone. Most of the time, they don't get it right the first time when I give them instructions in person.

Any other ideas?

[PattayaParent]

You have to remit $300,000 every month until 2013?

Or if the total value is $300,000 could you remit $12,500 a month (to end of 2013, double it to the beginning) to make it a bit easier?

[hhgz]

"And of course, my bank doesn't allow that."

Yet another reason to find another bank.

You can SWIFT money in.

[Darrel]

They allow wire transfers by phone, but to be honest, I don't exactly trust some banker to get such a very specific wire transfer correct over the phone. Most of the time, they don't get it right the first time when I give them instructions in person.

Any other ideas?

Write a letter, obviously.

[ballbreaker]

rk I have Bank of America account and unless you fill out necessary paperwork in person before you leave US they will not do transfers.

I use my brokerage account for transfers without all the banking BS.