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international transfer
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Quick question about the Thai bank deposit requirement for Non O guardian Visa's 1yr extension: Does the transfer into my Thai bank account have to show that it's from overseas (ie being an international transfer and not a domestic transfer) and from my own bank account from overseas (ie must be from myself, not a relative or friend)?
I initially thought any transfer should be fine as long as I have the required amount deposited in my Thai bank account for the required length of time. Now I'm second guessing myself after reading on a FB group that some people had to show it's an international transfer from their own home account under their name.
In regards the 800,000 in a bank for a retirement visa those funds have to come from overseas. Previously when transferring via Wise, there was an option on the drop down menu to say the reason for transfer was 'funds for long term stay' that would then show as international transfer with Bangkok Bank. However that dropdown option no longer exists with Wise. Has anyone else noticed this or know a work around?
Update: On the Wise site it suggests putting in purchase of property. However I emailed Wise and they replied saying either select 'Funds for Long term stay' or if it is not there (why do they not know whether it is there or not!?!) or Other and then type in 'Funds for long term stay'. However the APP does not let you do this, perhaps a few other regular users could email Wise and point out that they will be losing a lot of cutomers...
Update 2:
Having further questioned Wise below is their 2nd reply:
'....was able to run a further investigation and found out that we have made changes to transfer purpose list for customer sending THB.
We've updated the transfer purpose list to make it easier for them to choose. Rest assured, they can still make the same transfers as before, just with the new list of transfer purposes.
Guide to THB transfers
How to get your THB transfer marked as International Transfer by the recipient bank?
If your recipient Bank is Kasikorn Bank or Bangkok Bank:
Set transfer amount and currency to THB
Add recipient details
Choose Kasikorn Bank or Bangkok Bank Public Company as the recipient bank
Enter account number
On Transfer Purpose: select Purchase of Property
Review transfer details and Confirm
Select pay-in method, and pay for your transfer
You’re all set!
Your transfer should be marked as International Transfer in your recipient bank’s app, website, or passbook.*'
2 things to note. Wise is asking you to lie if you are not purchasing property, and they say your transfer SHOULD be marked as International Transfer, not WILL.
Anyway I have sent a small amount like this as a test...
Hello. I have some questions about 800k THB deposit for non-O retirement visa extension. My wife and I will apply for non-O retirement visa (valid for 90 days, single entry) at the embassy in our country before leaving for Thailand. After entering the country, we plan to open a bank account and do the international fund transfer to the account. Then, apply for 1-year extension in Thailand within 90 days.
My questions are
1. Is it required to provide the proof of international fund transfer for applying visa extension? Or a proof is not necessary and it is okay to bring in cash or bank check?
2. It is obviously not possible to keep the 800k THB deposit in a bank account for 3 months before the application because deposit will be made after entering the country. How can we solve this issue? Any idea?
Has anyone had any success transferring money from Kasikorn Bank to Wise? I’m looking online and it looks like you can do it, but the instructions are confusing.
I intend to change my non O extension for retirement in 12 months time from 800k THB permanently parked in a Thai Bank (over 10 years now) to the monthly transfer of over 65k method)
First deposit already with valid receipt of transfer
How long must I wait before transferring this deposit to my “daily use account)
Not visa related if I use my wise account to transfer money to open Thai bank account but use a Thai sim card (different number) to one on account will my money still be transferred. Thanks