breadbin Posted August 13, 2012 Share Posted August 13, 2012 hello Has anyone specifically opened a paypal account in Thailand and linked it to their Thai bank account specifically to send funds to the UK? If so, are there limits? How often can you send? any issues? delays? Occurrences? Look forward to all replies. Link to comment Share on other sites More sharing options...
hotwinter Posted August 13, 2012 Share Posted August 13, 2012 my gf's paypal is connected to her bank account, works the same way as connecting paypal to an english account. does all the same things. i dont know about sending money from her thai account to my english one, the chances of her giving me money would be a fine thing! lol Link to comment Share on other sites More sharing options...
MrZM Posted August 13, 2012 Share Posted August 13, 2012 From what you have said you want to continuously send funds from Thai PayPal to English PayPal. The only problem is it would like money laundering! Link to comment Share on other sites More sharing options...
Phronesis Posted August 13, 2012 Share Posted August 13, 2012 I have opened a Paypal account for a Thai friend and linked it to their Kasikorn bank account. It has been used for over two years now without a single hiccup or any request from Paypal for account verification documentation. The Paypal account has been used to push and pull money between Thailand and Australia. After you link the Kasikorn account to paypal you must verify it. Paypal will make two seperate deposits of a couple of Satang into the Kasikorn account. Check these amounts (either online or take the passbook into the branch) and then enter the amounts in the paypal website to complete the verification. 1 Link to comment Share on other sites More sharing options...
MAJIC Posted August 13, 2012 Share Posted August 13, 2012 I'm not sure linking your Thai Bank account to a Paypal account would be a good idea,as the authoritys may be alerted and claim you are working in Thailand. with or without a work permit. Or they may want to know how you aquired the money in the first place? Link to comment Share on other sites More sharing options...
breadbin Posted August 13, 2012 Author Share Posted August 13, 2012 Thanks to you all for your comments. Money laundering will not be an issue as all funds originated in the UK and can be proven. Linking the accounts is the same process as used in the UK by Paypal so no issues there. No issues with the authorities thinking anyone is working in Thailand as the account will be in Thai person so no work permit needed and tax paid on earnings anyway. Thanks again all, something to think about. Link to comment Share on other sites More sharing options...
Holysteel Posted August 13, 2012 Share Posted August 13, 2012 You can link to a Kasikorn bank from Siam commercial up to 5 accounts linked to a Krungsi savings account to a Krung Thai one from a Bangkok bank current account from HSBC wired to a American express Mastercard from a TMB Checking account to a Bangkok bank corporate banking account from an AEON machine. Get it ? Link to comment Share on other sites More sharing options...
Popular Post vtjforyou Posted August 14, 2012 Popular Post Share Posted August 14, 2012 I'm not sure linking your Thai Bank account to a Paypal account would be a good idea,as the authoritys may be alerted and claim you are working in Thailand. with or without a work permit. Or they may want to know how you aquired the money in the first place? Ridiculous. 5 Link to comment Share on other sites More sharing options...
MAJIC Posted August 16, 2012 Share Posted August 16, 2012 (edited) I'm not sure linking your Thai Bank account to a Paypal account would be a good idea,as the authoritys may be alerted and claim you are working in Thailand. with or without a work permit. Or they may want to know how you aquired the money in the first place? Ridiculous. Fine! Spoken as a true expert. Edited August 16, 2012 by MAJIC Link to comment Share on other sites More sharing options...
Chittychangchang Posted August 16, 2012 Share Posted August 16, 2012 Good for selling fake goods though! 1 Link to comment Share on other sites More sharing options...
balo Posted August 16, 2012 Share Posted August 16, 2012 (edited) I have also a Paypal account linked to Kasikorn , and I transfer from Paypal to Kasikorn , never tried the other way . If I want to transfer money after a condo sale in Thailand, what is the maximum limit , using Paypal ? And will Kasikorn allow me to do it ? Edited August 16, 2012 by balo Link to comment Share on other sites More sharing options...
Sandman77 Posted August 16, 2012 Share Posted August 16, 2012 Hi ! I also linked my to Thai bank account dvb and kasikorn since 2 year! Make sure you convert the money first from euro or pounds into thaibath if you not do and send foreign currency directly the bank in Thai charge 400 to 500 bath! On scb bank I got notify when I buy something in a store and when money arrived from PayPal within 5 days scb send SMS to confirm usually always at 2,3o in the night time kasikorn does not confirm areived payment buy SMS , but when you activate k cyber banking by yourself on the ATM you can also make PayPal payments! There are some limits in the private accounts! On a eu paypal account if you receive more then 2500 euro year your pass board will be verifyed, have something to do with money laundering law! If you not send copy of your pass board within 18o days to PayPal! The case will be automaticly forwarded to tax government controll office! This is a eu law, in Thailand I think currently not handle like this! Sent from my iPhone using ThaiVisa app 2 Link to comment Share on other sites More sharing options...
Pib Posted August 19, 2012 Share Posted August 19, 2012 Since all Thai banks follow Bank of Thailand regulations, I expect all/most the banks have basically the same rules. This Bangkok Bank Link show their rules for sending money out of Thailand via internet banking, which is basically what is being done when money is pulled from your account say through PayPal. Once a person gets the paper work approved their internet banking can be setup to send funds out of Thailand for certain reasons. But for foreigners its pretty much limited to salary repatriation which means you also have a work permit. There are also other cases/rules where your are sending back money from sale of a condo, etc., where that's done by going to a bank branch in person. Link to comment Share on other sites More sharing options...
aboctok Posted November 13, 2012 Share Posted November 13, 2012 (edited) I'm not sure linking your Thai Bank account to a Paypal account would be a good idea,as the authoritys may be alerted and claim you are working in Thailand. with or without a work permit. Or they may want to know how you aquired the money in the first place? Ridiculous. Thank God someone said it. Why would I care if the authoritys "find out" I'm working in Thailand? They're the people who pay me! And the authorities overseas? They're the people I'm trying to pay! Edited November 13, 2012 by aboctok Link to comment Share on other sites More sharing options...
pinaysinger Posted January 30, 2013 Share Posted January 30, 2013 (edited) I withdraw paypal funds to Kasikorn Bank, doing this for 3 years no probs yet. Edited January 30, 2013 by pinaysinger Link to comment Share on other sites More sharing options...
Bababooey Posted December 15, 2013 Share Posted December 15, 2013 In my case, I just want to receive money at Kasikorn form a Paypal account. Maybe you guys can help with a few questions. In this case is a Kasikorn debit card or Kasikorn Cyber Card needed? In the USA, there is a monthly $500 limit on transfers form PayPal to a linked bank unless a debit/credit card is attached to the account. From looking at the Paypal website there is a 3.9% fee plus a 2.5% currency conversion fee making it a total of 6.4%. In addition to that are there fees from Kasikorn? Is the exchange rate the interbank rate or is that another hidden fee beyond the 2.5%. Thanks! Link to comment Share on other sites More sharing options...
Sandman77 Posted April 6, 2014 Share Posted April 6, 2014 If you declare a paypal payment For work or services inside Thailand from Thailand to another paypal account in Thailand the sending of money and receiving is free! But only when you have the money In your paypal! Link to comment Share on other sites More sharing options...
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