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Posted (edited)

Is it possible (and legal) to transfer money from a Thai Bank Account to a foreign bank account using Internet Banking?

If you owned a condo and rented it out, how would you transfer that rental income out of Thailand to a foreign account during periods when you are not in Thailand? Could this be done by opening a Thai Bank account into which the rent would be received, then use online banking to transfer the money to a foreign bank account? Would this be legal?

Seeing as the money must be remitted from abroad to finance the condo purchase, surely there must be a way to allow income from that purchase be remitted abroad. Eg. To help pay the foreign morgage.

Edited by Moto

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