DiamondKing Posted December 17, 2012 Share Posted December 17, 2012 Any restrictions or special procedures for transferring large amounts of money to Thailand and any specific way to be sure to get the best rate. DK Link to comment Share on other sites More sharing options...
RabC Posted December 17, 2012 Share Posted December 17, 2012 (edited) I was required to fill in a Foreign Exchange Transaction Form when I transferred the money in for my house purchase, it says required for amounts over US$20,000 value. Edited December 17, 2012 by RabC Link to comment Share on other sites More sharing options...
hotandhumid Posted December 17, 2012 Share Posted December 17, 2012 Get proper advice, not from strangers on the internet. Just make sure you put on the remittance what the money is for. 1 Link to comment Share on other sites More sharing options...
RabC Posted December 17, 2012 Share Posted December 17, 2012 Get proper advice, not from strangers on the internet. Just make sure you put on the remittance what the money is for. Mine is not advice I was sent the form by the Thai bank before they would release the money, its a fact. 1 Link to comment Share on other sites More sharing options...
chiang mai Posted December 17, 2012 Share Posted December 17, 2012 (edited) There are no restrictions on incomming funds although the purpose of the funds must be specified. Transfer your funds to arrive in your home currency and convert into THB in Thailand, also, on ammounts over 1 million the rate is usually negoitiable to some degree so ask for a preferential rate from the Banks Treasury Dept. Edited December 17, 2012 by chiang mai 1 Link to comment Share on other sites More sharing options...
DiamondKing Posted December 17, 2012 Author Share Posted December 17, 2012 Thanks appreciate the responses DK Link to comment Share on other sites More sharing options...
Fgis Posted December 17, 2012 Share Posted December 17, 2012 Is $20000 a large amount ? I never filled any form or declared anything for less than $50000 and the banks also didn't ask. Link to comment Share on other sites More sharing options...
topt Posted December 18, 2012 Share Posted December 18, 2012 Is $20000 a large amount ? I never filled any form or declared anything for less than $50000 and the banks also didn't ask. It used to be $20,000 but the figure was changed either early 2011 or late 2010. Certainly true for SCB as I had an incoming transfer for $30k that i expected to be held up last Autumn time and much to my chagrin it wasn't - and I got stuffed on the exchamge rate. It is now at least $50k. Link to comment Share on other sites More sharing options...
tb86 Posted December 18, 2012 Share Posted December 18, 2012 Bangkok bank required I sign a letter stating the purpose of funds being transferred and what they were from before clearing the transaction, as well as a phone call at the time of the transaction..from them to me, done it twice other than that no issues. Link to comment Share on other sites More sharing options...
chuang Posted December 18, 2012 Share Posted December 18, 2012 You can transfer any amount from your country to yours or wife/GF accounts in Thailand banks, probably your country's bank needs you to fill in some kind of form if the amount is substantial...happy banking.. Link to comment Share on other sites More sharing options...
RabC Posted December 18, 2012 Share Posted December 18, 2012 (edited) You can transfer any amount from your country to yours or wife/GF accounts in Thailand banks, probably your country's bank needs you to fill in some kind of form if the amount is substantial...happy banking.. Wrong, my UK bank were not interested in the slightest, it was the Thai bank that required the paperwork before they released the funds. Read what myself and others have written before wasting bandwidth. Edited December 18, 2012 by RabC Link to comment Share on other sites More sharing options...
crazykopite Posted December 18, 2012 Share Posted December 18, 2012 It is a few years since I transferred what I consider a large amount but it was well above $20,000 when I transfered the money I put on the form that the funds were for ' House Purchase " I then got a confirmatrion form from my Thai Bank which I was told to keep as evidence should I ever sell my property and wish to return the funds back to where they came from. hope this helps Link to comment Share on other sites More sharing options...
RabC Posted December 18, 2012 Share Posted December 18, 2012 It is a few years since I transferred what I consider a large amount but it was well above $20,000 when I transfered the money I put on the form that the funds were for ' House Purchase " I then got a confirmatrion form from my Thai Bank which I was told to keep as evidence should I ever sell my property and wish to return the funds back to where they came from. hope this helps Exactly my experience I concur. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.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