Angritgent Posted February 27, 2012 Share Posted February 27, 2012 I have a nice tidy sum 10 million baht to send back home to England. What is the best way to do this? Link to comment Share on other sites More sharing options...
PattayaParent Posted February 27, 2012 Share Posted February 27, 2012 Go to bank, tell them you want to transfer money to UK, show them your work permit, fill in form, done Link to comment Share on other sites More sharing options...
CharlieH Posted February 27, 2012 Share Posted February 27, 2012 I wouldnt do anything like that now or in the immediate future the exchange rate is crap and you'll lose big time, its safer in Thai baht right now. Link to comment Share on other sites More sharing options...
Naam Posted February 27, 2012 Share Posted February 27, 2012 Go to bank, tell them you want to transfer money to UK, show them your work permit, fill in form, done what if he doesn't have a work permit? Link to comment Share on other sites More sharing options...
Soutpeel Posted February 27, 2012 Share Posted February 27, 2012 One assumes the OP brought the money in legally, therefore he should have the paperwork to get it out Link to comment Share on other sites More sharing options...
padeakin Posted February 28, 2012 Share Posted February 28, 2012 Interested to here a helpful response as I have a similar situation; No work permit. What is required to transfer the money to a UK bank account? What proof do they require that the money was bought in legally? Are bank statements from the last 2 or 3 years showing money received from a foreign account good enough proof? Re: The comment that said it a a crap exchange rate :- I think it is a good exchange rate at the moment for moving money out of Thailand Link to comment Share on other sites More sharing options...
PattayaParent Posted February 28, 2012 Share Posted February 28, 2012 Go to bank, tell them you want to transfer money to UK, show them your work permit, fill in form, done what if he doesn't have a work permit? He's screwed. Link to comment Share on other sites More sharing options...
jonw8uk Posted February 28, 2012 Share Posted February 28, 2012 Go to bank, tell them you want to transfer money to UK, show them your work permit, fill in form, done what if he doesn't have a work permit? He's screwed. Why? I don't have a WP and I've transferred money to the UK. not this much, but if thats a factor, at what amount does the rules change? I had to go to my branch (Kasikorn) and sign some form. They did ask for a bill/reason, to which I replied I need some cash in my UK account. The money had been paid into my Thai account from an overseas employer, so I would hope that this record in my transactions would be adequate to show that the money is clean... Can you elaborate? Link to comment Share on other sites More sharing options...
Daveroc Posted February 28, 2012 Share Posted February 28, 2012 The rules set by the Bank of Thailand for the Banks to administer the foreign exchange remittances state that the banks must sight evidence that the money was legally earned in Thailand or the funds were brought into the country. If you have statements or passbooks showing the funds arriving from overseas then that should be sufficent evidence for the Banks to proceed. 1 Link to comment Share on other sites More sharing options...
jonw8uk Posted February 28, 2012 Share Posted February 28, 2012 The rules set by the Bank of Thailand for the Banks to administer the foreign exchange remittances state that the banks must sight evidence that the money was legally earned in Thailand or the funds were brought into the country. If you have statements or passbooks showing the funds arriving from overseas then that should be sufficent evidence for the Banks to proceed. Yes, thats what I figured. So he's not screwed by not having a WP, as long as the money is traceable. Link to comment Share on other sites More sharing options...
Angritgent Posted February 28, 2012 Author Share Posted February 28, 2012 Hi I am the original postee. Yes I have a work permit, is it that easy a bank transfer? Link to comment Share on other sites More sharing options...
Jayman Posted February 28, 2012 Share Posted February 28, 2012 Hi I am the original postee. Yes I have a work permit, is it that easy a bank transfer? Yes it's that easy. Just go in and ask your bank. Link to comment Share on other sites More sharing options...
PattayaParent Posted February 28, 2012 Share Posted February 28, 2012 The rules set by the Bank of Thailand for the Banks to administer the foreign exchange remittances state that the banks must sight evidence that the money was legally earned in Thailand or the funds were brought into the country. If you have statements or passbooks showing the funds arriving from overseas then that should be sufficent evidence for the Banks to proceed. Yes, thats what I figured. So he's not screwed by not having a WP, as long as the money is traceable. If you brought the money in 'for living expenses' wouldn't they expect you to have spent it? Link to comment Share on other sites More sharing options...
PattayaParent Posted February 28, 2012 Share Posted February 28, 2012 Hi I am the original postee. Yes I have a work permit, is it that easy a bank transfer? Yes. Link to comment Share on other sites More sharing options...
djjamie Posted February 28, 2012 Share Posted February 28, 2012 I have my salary (from Africa) sent to my Kbank every month. I transfer money to my Singapore bank every month. No work visa. Just a passport. Kbank ask alot of questions though and want alot of details. They want to know your job, where the money came from, why am I transfurring it, the Singapore banks details including address and phone number. So to make it easier I withdraw my money from Kbank and tranfer it from Bangkok bank next door. No questions, minimal paperwork and money sent in 1 working day (unlike Kbank which is 4 to 5 working days) Only reason I stay with Kbank as I have too maney accounts and internet banking and deposits going through them. Link to comment Share on other sites More sharing options...
djjamie Posted February 28, 2012 Share Posted February 28, 2012 I have my salary (from Africa) sent to my Kbank every month. I transfer money to my Singapore bank every month. No work visa. Just a passport. Kbank ask alot of questions though and want alot of details. They want to know your job, where the money came from, why am I transfurring it, the Singapore banks details including address and phone number. So to make it easier I withdraw my money from Kbank and tranfer it from Bangkok bank next door. No questions, minimal paperwork and money sent in 1 working day (unlike Kbank which is 4 to 5 working days) Only reason I stay with Kbank as I have too maney accounts and internet banking and deposits going through them. And when I say tranfer, I do not have a bank account with Bangkok bank. I phisically take the money in and hand it over the counter to be transferred. Incredible easy and no issues in the 2 years I have done it. Link to comment Share on other sites More sharing options...
jonw8uk Posted February 29, 2012 Share Posted February 29, 2012 I have my salary (from Africa) sent to my Kbank every month. I transfer money to my Singapore bank every month. No work visa. Just a passport. Kbank ask alot of questions though and want alot of details. They want to know your job, where the money came from, why am I transfurring it, the Singapore banks details including address and phone number. So to make it easier I withdraw my money from Kbank and tranfer it from Bangkok bank next door. No questions, minimal paperwork and money sent in 1 working day (unlike Kbank which is 4 to 5 working days) Only reason I stay with Kbank as I have too maney accounts and internet banking and deposits going through them. And when I say tranfer, I do not have a bank account with Bangkok bank. I phisically take the money in and hand it over the counter to be transferred. Incredible easy and no issues in the 2 years I have done it. Thats good to know. Ever sent more than 20 000 USD this way? Strange though, as I guess the whole reason for asking for a WP or proof it came from abroad, is to show that it wasn't gained illegally, but if you can just walk into another bank and send a wad of cash easier than with your own, it defeats the object a bit... Link to comment Share on other sites More sharing options...
djjamie Posted March 1, 2012 Share Posted March 1, 2012 I have my salary (from Africa) sent to my Kbank every month. I transfer money to my Singapore bank every month. No work visa. Just a passport. Kbank ask alot of questions though and want alot of details. They want to know your job, where the money came from, why am I transfurring it, the Singapore banks details including address and phone number. So to make it easier I withdraw my money from Kbank and tranfer it from Bangkok bank next door. No questions, minimal paperwork and money sent in 1 working day (unlike Kbank which is 4 to 5 working days) Only reason I stay with Kbank as I have too maney accounts and internet banking and deposits going through them. And when I say tranfer, I do not have a bank account with Bangkok bank. I phisically take the money in and hand it over the counter to be transferred. Incredible easy and no issues in the 2 years I have done it. Thats good to know. Ever sent more than 20 000 USD this way? Strange though, as I guess the whole reason for asking for a WP or proof it came from abroad, is to show that it wasn't gained illegally, but if you can just walk into another bank and send a wad of cash easier than with your own, it defeats the object a bit... I have sent over $20 000 to Thailand and I had to go in the bank and fill in a release form stating where the money came from. This was in Chathaburi, Soi Dao (middle of no where) and they gave me blank looks when my wife asked for the forms to release the money. Gave up as I was travelling to Bkk the next day. Asked Kbank lady there and she knew excately what I was talking about and the form was filled in by them on my behalf while I was there. The money was released the same day. Still a hassle though. Now I transfer big sums to my Singapore account and then transfer it to my Kbank account. I informed the bank to contact my wife on all transactions (we have joint bank account) as I want a favouirable exchange rate. They contact her and if it is over 20K they ask here verbally where the money came from. She tells them and the money is in 20 minutes later. Link to comment Share on other sites More sharing options...
4evermaat Posted March 3, 2012 Share Posted March 3, 2012 . ........Now I transfer big sums to my Singapore account and then transfer it to my Kbank account. I informed the bank to contact my wife on all transactions (we have joint bank account) as I want a favouirable exchange rate. They contact her and if it is over 20K they ask here verbally where the money came from. She tells them and the money is in 20 minutes later. What specifically does she tell the bank? "2nd best time to plant a tree is today." Sent from TV android app. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
.thumb.png.76be522b3b43e7458166b9dac9e422ed.png)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now