Answered2 years ago
Can an American retiree in Thailand have Social Security deposited directly into a Bangkok bank account?
So my buddy asked me this question and I don't know the answer. He is an American citizen here on a retirement Visa. Will social security deposit his monthly payment directly in his Bangkok bank account. Any Americans know this one. Thanks
Answer summary
An American retiree in Thailand can have their Social Security payments deposited directly into their Bangkok bank account. However, they must verify their status annually with a 'Proof of Life' form (SSA-7162). It's advisable to check with the Social Security Administration to confirm eligibility, as Thailand may not be on the list of countries for direct deposit. Some users recommend transferring funds via a U.S. account to manage exchange rates effectively, while others report successful direct deposits after providing their Thai address.
28 repliesnewest first
Click comment and we will ask for your email, then OTP, then name.
Scott *******
Better to get it sent to Wise or Revolut, then he can decide when he changes to THB at a better exchange.
Tammy *********
There are some countries that social security can deposit directly to your account in that country. You must ask which country is on the list. Thailand is not on the list
Steve **********
Tammy *********
@Steve *********
I asked social security office and they told me no. I have to transfer fund myself from my bank in us to bank in Thailand.Steve **********
@Tammy ********
Don't know what to tell you, 21 years ago when applying they asked address. Gave Thailand address and zip. All I recall was him saying " lot of you over there "I get a statement every year. And request to confirm I'm alive.
Tammy *********
No they will not do it for you. You have to open account in the USA like Capital One, then open account in Thailand like Bangkok Bank. You then can transfer your money using apps.
Steve **********
@Tammy ********
... Have my SS deposited directly from them to my Bangkok Bank account for 21 years.Tammy *********
@Steve *********
direct from SS to bank in Thailand? Or from SS to your us bank, then send to Thailand?Steve **********
@Tammy ********
..said twice " From SS Admin to my Thai Bank ".Have no accounts in US, nor middleman
Lee ******
Yes
Aaron *******
Bangkok Bank has a branch in NYC, so should be yes.
Steve **********
Yes !
Ethel ********
You have to contact the social security department directly At the US embassy in Manila.
Cris ******
I wouldn't have it directly deposited over. If the baht tanks or goes up. There are good times to transfer and bad. Been here two years and seen the baht go from 29 to 37. That can be a lot of money lost or gained.
Steve **********
@Cris *****
have watched it go from 28.5 to 45. in 21 odd years.Must show a monthly transfer from abroad, so unless your a phycic, just insure it covers rate of exchange.
But if for any reason it falls below 65k, your savings acct is added to equation.
Or have any pensions sent to same account
Cris ******
@Steve *********
ya. I just keep the lump sum. Then transfer in when the rate is goodCris ******
@Steve *********
but yes. If they are doing the quarterly transfers. Good luck. I would always suggest lump sum sitting in thai bank. And transferring forward.Cris ******
@Steve *********
oh. I was under the assumption. The bank portion was covered. This was extra social security/ pension money coming in.Steve **********
@Cris *****
ok, yes I agree. Transfer swing is significant , my systems been ongoing, so really don't concentrate on $.Haven't had any problems and find Immig easy to deal with
Cris ******
@Steve *********
no no. Not at all. Playing the exchange rate. If you can. Is always beneficialSteve **********
@Cris *****
I misunderstand, thought you were addressing using monthly funds from abroad to qualify for Retirement.If that's the case, there is no bank portion or funds required
Larry *******
You can get the form to do it on the ss website. I went to the main Branch of Bangkok bank which has a huge foreign exchange department. They are very familiar with the form and will provide the required signatures. Excellent service but a long wait because they only have 2 or 3 people who can perform this function
Martin *********
Yes and he will need to verify each year he is still alive. I am not sure what the form is called, but I know i've read about it a couple of places
Roger *******
@Martin ********
Proof of Life
Dave **********
Will ************
If he tells them to
Steve *******
I believe you can ask SS to deposit directly. He should check here:
***********************************
Activity
15 joined15
people
Related
25Can I change my Social Security direct deposit to my Thai bank account with Kasikorn Bank?
4.3k37446mo
How can an American prove Social Security and VA benefits for a retirement visa in Thailand?
3.3k26316mo
What are the advantages and disadvantages of notifying U.S. Social Security about moving to Thailand?
12.7k342788mo
Is a monthly social security payment sufficient for a 90-day O Non-immigrant retirement visa application in the US?
2.6k22259mo
Why does my Kbank transfer from the UK show as 'Trade Finance'?
5.3k37659mo
Can Americans have their Social Security direct deposit in a Thai bank account?
1.6k1041y
Can I transfer 800,000 baht from my Thai retirement visa bank account to Belgium if I leave Thailand permanently?
10.2k731411y
What are the requirements for transferring 65,000 Baht monthly to a Thai bank account for retirement visa purposes?
4.2k33421y
What is the safest way to transfer a large sum of money to a friend in Thailand for a house purchase?
10.3k851091y
Can I use my Social Security income to meet the financial requirements for a retirement visa in Thailand?
5.3k34771y
Is it better to have Social Security direct deposited into a Thai bank account or keep it in a US bank and transfer monthly?
3.3k19251y
Can I deposit my retirement income and Social Security into a Thai bank account as an American planning to retire and marry a Thai national?
2.6k21212y
Can Americans change their Social Security Administration (SSA) bank account from a US bank to a Thai bank online?
2k1772y
Can I convert my retirement visa funds into a fixed deposit account in Thailand?
4.3k29392y
Can US Social Security be directly deposited into Krungsri Bank in Thailand?
2.6k21163y
Can you deposit physical cash into your bank account while on a retirement visa in Thailand?
4.1k28473y
Is it better to have my Social Security deposited in a US bank and transfer funds to Thailand as needed?
5.7k49413y
What are the best strategies for managing funds and converting currency while on a Non-O retirement visa in Thailand?
2.6k18243y
Can I use my savings and Social Security income to apply for a retirement visa in Thailand?
7.4k70563y
What is the fastest way to get US government checks directly deposited into a Thai bank account while on a retirement visa?
2.2k15224y
Can I transfer money directly from my US bank to Bangkok Bank for a retirement visa?
1.6k9144y
Can I open a bank account in Thailand while on a tourist visa for retirement visa purposes?
5.3k48405y
Can an American use a Social Security annual report to qualify for a retirement visa in Thailand?
1.7k8215y
Do I need to have my Social Security income deposited in a Thai bank to qualify for a retirement visa?
6.1k50605y
What are the best options for Aussie retirees on an OA visa in Thailand regarding their bank funds and visa renewal?
1.8k13175y
Resources
Need help with your retirement visa?
#1 visa agent · 4,000+ reviews · 100,000+ expats served