phuketjock Posted February 7, 2017 Share Posted February 7, 2017 Did my annual retirement extension today at Phuket town immigration made sure all my ducks were in a row , did not need FNF or TM47, did need TM 2. and TM7. no problems, pick up PP tomorrow and do my Re-entry permit. But during my visit to my Bank for my FCD account statement and bank funds verification letter the bank clerk/officer informed me that I could have the letter and statement in GBP this time but in the future my funds would have to be in Thai Baht, this being due to a new agreement between my bank SCB and immigration according to her. I have always used this GBP FCD account for my retirement funds for the last 9/10 years, has anyone else heard of anything like this surfacing on their patch?? She also told me that the statement was 200 baht but due to the agreement with imm. it was free, but the verification letter is still 200 baht. the statement was free last year too, so I am not really sure what is going on??? When I raised the matter with immigration in Phuket town they told me they have never heard of any such thing and one IO simply said change your bank. Link to comment Share on other sites More sharing options...
Popular Post ubonjoe Posted February 7, 2017 Popular Post Share Posted February 7, 2017 Did the bank letter show your balance in pounds only. Most immigration offices expect the letter to state the amount in baht using the exchange rate for the date the letter was done. 4 Link to comment Share on other sites More sharing options...
phuketjock Posted February 7, 2017 Author Share Posted February 7, 2017 1 minute ago, ubonjoe said: Did the bank letter show your balance in pounds only. Most immigration offices expect the letter to state the amount in baht using the exchange rate for the date the letter was done. No Joe as always it showed it in Baht and pounds, same every year?? Take it you have no knowledge of this happening ? Link to comment Share on other sites More sharing options...
ubonjoe Posted February 7, 2017 Share Posted February 7, 2017 1 minute ago, phuketjock said: Take it you have no knowledge of this happening ? I think the person at the bank did not know what they were talking about since immigration did not know anything about. Link to comment Share on other sites More sharing options...
phuketjock Posted February 7, 2017 Author Share Posted February 7, 2017 11 minutes ago, ubonjoe said: I think the person at the bank did not know what they were talking about since immigration did not know anything about. I hope you are right for lots of peoples sakes Joe Link to comment Share on other sites More sharing options...
Popular Post LannaGuy Posted February 7, 2017 Popular Post Share Posted February 7, 2017 i must say I'd always assumed it should be in THB and put the 800,000 away as a 'sunk cost' worked well for me as i brought it over @54 3 Link to comment Share on other sites More sharing options...
JimmyJ Posted February 7, 2017 Share Posted February 7, 2017 (edited) 13 hours ago, LannaGuy said: i must say I'd always assumed it should be in THB and put the 800,000 away as a 'sunk cost' worked well for me as i brought it over @54 What does the 54 represent? 54 THB for one USD? I guess more likely for one GBP? Edited February 7, 2017 by JimmyJ 1 Link to comment Share on other sites More sharing options...
LannaGuy Posted February 8, 2017 Share Posted February 8, 2017 1 hour ago, JimmyJ said: What does the 54 represent? 54 THB for one USD? I guess more likely for one GBP? sorry 54 baht to 1 GBP and when i first came here 72 baht now 43 and 54 seems like heaven it depresses me when i have to exchange for 43 now 1 Link to comment Share on other sites More sharing options...
Farang99 Posted February 8, 2017 Share Posted February 8, 2017 2 hours ago, LannaGuy said: sorry 54 baht to 1 GBP and when i first came here 72 baht now 43 and 54 seems like heaven it depresses me when i have to exchange for 43 now Happy days! Will we ever see it again? For a brief period when I came here in 1997 I was getting 90 THB/GB£, but then it settled around 70. Now lucky to get 44! 1 Link to comment Share on other sites More sharing options...
LannaGuy Posted February 8, 2017 Share Posted February 8, 2017 8 minutes ago, Farang99 said: Happy days! Will we ever see it again? For a brief period when I came here in 1997 I was getting 90 THB/GB£, but then it settled around 70. Now lucky to get 44! na i think it's like virginity once gone never recovered Link to comment Share on other sites More sharing options...
IMA_FARANG Posted February 8, 2017 Share Posted February 8, 2017 in cw in Bangkok that doesn't faze them. they simply pullout the calculator and do the conversion to baht at their official rate. whch of course is to their advantage from what you would get outside. Link to comment Share on other sites More sharing options...
jwest10 Posted February 8, 2017 Share Posted February 8, 2017 3 hours ago, LannaGuy said: sorry 54 baht to 1 GBP and when i first came here 72 baht now 43 and 54 seems like heaven it depresses me when i have to exchange for 43 now Yes Jimmy, Yes it is depressing and can remember 73 to the pound in 2006 and now seems steady around 42 to 43 and what it will be in March re: Brexit is anyone's guess and most of us definitely not got a pot of Gold. Yes, I receive a State Pension directly into the bank and this is frozen also. Always makes me angry when you see adverts showing us on yachts and sipping cocktails, but that is the way many people view us and do not get me on to those publi servants " We here to serve you" Since when and have I missed something and on what date ??? 1 Link to comment Share on other sites More sharing options...
Suradit69 Posted February 8, 2017 Share Posted February 8, 2017 57 minutes ago, IMA_FARANG said: in cw in Bangkok that doesn't faze them. they simply pullout the calculator and do the conversion to baht at their official rate. whch of course is to their advantage from what you would get outside. Why would the rate they use be to their advantage? Does immigrations make a profit using a lower rate? Would assume they use the current rates posted by one or more of the big banks. Not sure what an "official rate" would be. 2 Link to comment Share on other sites More sharing options...
NoshowJones Posted February 8, 2017 Share Posted February 8, 2017 6 hours ago, JimmyJ said: What does the 54 represent? 54 THB for one USD? I guess more likely for one GBP? I wish it was. Link to comment Share on other sites More sharing options...
Putmak Posted February 8, 2017 Share Posted February 8, 2017 Please enlighten me....what's an FNF and a FCD statement ?... Link to comment Share on other sites More sharing options...
Foozool Posted February 8, 2017 Share Posted February 8, 2017 2 hours ago, Suradit69 said: Why would the rate they use be to their advantage? Does immigrations make a profit using a lower rate? Would assume they use the current rates posted by one or more of the big banks. Not sure what an "official rate" would be. I believe he ment that bank's employee pull out a calculator. Link to comment Share on other sites More sharing options...
Evilbaz Posted February 8, 2017 Share Posted February 8, 2017 Bangkok bank daily cash rate. So if you use the tt rate in your calculations Immi will be lower. Link to comment Share on other sites More sharing options...
saakura Posted February 8, 2017 Share Posted February 8, 2017 TM42, TM2, TM7, FNF, FCD Link to comment Share on other sites More sharing options...
The Dark Lord Posted February 8, 2017 Share Posted February 8, 2017 9 hours ago, JimmyJ said: What does the 54 represent? 54 THB for one USD? I guess more likely for one GBP? I wish...... Link to comment Share on other sites More sharing options...
Suradit69 Posted February 8, 2017 Share Posted February 8, 2017 (edited) 1 hour ago, Foozool said: I believe he ment that bank's employee pull out a calculator. He said " in cw in Bangkok that doesn't faze them. " CW = Chaengwattana immigrations, not a bank. Immigrations offices are accustomed to converting foreign exchange rates to baht using the current bank rates using a calculator. As Evilbaz said, they would (probably) use the bank cash rate, which is marginally less than the Telegraphic Transfer rate, but it wouldn't be advantageous or disadvantageous in any way for immigrations. Edited February 8, 2017 by Suradit69 Link to comment Share on other sites More sharing options...
phuketjock Posted February 8, 2017 Author Share Posted February 8, 2017 (edited) 2 hours ago, Putmak said: Please enlighten me....what's an FNF and a FCD statement ?... Sorry Foreign National (info ) Form FNF Foreign Currency Deposit account. FCD. Incidentally didn't need the FNF for my re-entry permit today. Edited February 8, 2017 by phuketjock typo. Link to comment Share on other sites More sharing options...
Dan5 Posted February 8, 2017 Share Posted February 8, 2017 I'm not sure I understand your post. Are you saying you've been keeping your money in a Thai bank in pounds instead of Baht? And giving immigration a letter to immigration showing both the pound an Baht values? I'm pretty certain immigration has no interest in pound values. The requirement is in Baht. And is the bank saying that in the future they cannot give you the letter if your account is in pounds? Link to comment Share on other sites More sharing options...
phuketjock Posted February 9, 2017 Author Share Posted February 9, 2017 17 hours ago, Dan5 said: I'm not sure I understand your post. Are you saying you've been keeping your money in a Thai bank in pounds instead of Baht? And giving immigration a letter to immigration showing both the pound an Baht values? I'm pretty certain immigration has no interest in pound values. The requirement is in Baht. And is the bank saying that in the future they cannot give you the letter if your account is in pounds? Dan2 According to the IO I talked to at the Phuket office they don't care if the money is in Egyptian shillings as long as it equates to the required amount in Thai Baht. I have been keeping my money in a Foreign Currency Deposit GBP Account for the last 10 years and my bank (SCB ) has been issuing me a letter verifying the balance in GBP and TBT for the last 10 years and immigration have been accepting said letter for the last 10 years. This time a bank official told me that in the future, because of an agreement between SCB and immigration they can only issue the letter if the money was in a Thai Baht account, but when I spoke to an IO at Phuket he said he had never heard of ant such ruling. or agreement? You were right you didn't understand my post, there is no, and has never been any requirement to keep the necessary 800,000, or 400,000 Baht in Thai currrency. 1 Link to comment Share on other sites More sharing options...
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