Answered2 months ago
Can I safely deposit money from selling my motorcycle into my Thai bank account?
Sorry, a bit of topic, but I don't know where else to ask. I sold my motorcycle for 200,000. Can I put that safely it in my bank account because the money did not come from outside of Thailand. originally it did
Answer summary
The consensus is that you can safely deposit the proceeds from selling your motorcycle into your Thai bank account, as it's not considered illegal. Many users noted that although there may be limits on transaction amounts that can be deposited at a time (e.g., 100,000 THB per transaction), there are no legal restrictions preventing you from putting this money in your account. It's also commonly accepted that this type of money is fine for personal use, though it may not be eligible for certain purchases like condos.
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DorkyB******
Yes, it's a list 200k, not 200 mil. Geez
James ******
OPThank you all just safe than sorry
Muri *****
Yes small money
John *******
Banks will accept whatever money you deposit.
Shaun **********
I'm not sure but as the topic is about motorcycle's, I've just imported mine from the UK that was in pieces.
Your probably going to tell me that I've wasted money doing so. But I wouldn't get much selling as a project. I have already spent a lot on the refurbishment. It's just a matter of putting it together.
Is it easy to register and ride here?
Your probably going to tell me that I've wasted money doing so. But I wouldn't get much selling as a project. I have already spent a lot on the refurbishment. It's just a matter of putting it together.
Is it easy to register and ride here?
Michael ********
Shaun Devereux No you cannot
Steven ***************
The Thai government does not want people to import vehicles especially motorcycles, they want you to buy them here.
Shaun **********
Steven L. Daugherty looks like I'm in a bit of a pickle. Look on the bright side, I still have a hobby to finish. Maybe one day I'll might find a registered barn find but I think that's unlikely.
I'll just ride it around the block like the 8 year olds do on there mini Moto's here.
I'll just ride it around the block like the 8 year olds do on there mini Moto's here.
Steven ***************
Shaun Devereux The import fees and taxes stack often exceeding the bikes value. They start at 60% for import plus 7% VAT then additional taxes. Import permits are required and actual registration getting a green book etc. Are a nightmare. There is an exception for tourist import for use while touring for 1 to 6 months but that is also quite complicated. Since you shipped it in prices I'm guessing you did not ship it as a motorcycle with the required permits and documents, if so you will never be able to register it, and you assemble it you'll be lucky if it doesn't get confiscated and you get fined.
Shaun **********
Steven L. Daugherty thanks for your message
Shaun **********
Mark Grant I think finding a gpz900r might be difficult
Shaun **********
I think there was a lot of backhanders because nothing was said and it wasn't even opened up at customs.
The company I used in England ship this regularly. So I'm wondering why nothing was said at both ends.
The company I used in England ship this regularly. So I'm wondering why nothing was said at both ends.
David **************
Mark Grant was about to suggest something similar.
Get a frame with a number, import papers for your Engine?
Get a frame with a number, import papers for your Engine?
Mark *******
Shaun Devereux I brought my bike in to Thailand in pieces years ago due to it all being fabricated and customized to my taste,I then bought a cheap same make and model here that had a registration plate,and put all my pieces on that
Jimijames *****
Shaun Devereux literally impossible to register it. No exceptions.
Graeme *******
yep, I transferred money out of one acc to my other that they view for tax, no questions asked and not part of my money bought into the country.
Pratya ********
Yes you can simply use the CDM machine in front of a bank, but it will need several batches since the machine will not accept more than a certain amount per batch. It is only a mechanical restriction not legal restriction or anything.
RadiantC********
Pratya Boonpa
*****
0 per transaction is the limit. Thus 2 transactions needed in this case.
Don *******
Why stand in front of a machine feeding notes in when you can just take the whole lot inside the bank and let them do it all with their banknote counter? Avoids any problems with counting or fake/damaged notes.
James ******
OPRadiantCamel1017 thanks for that I would’ve tried to put the 200 at one time
Gray *******
I’ll “hold” it for you.
James ******
OPGray Allen give me a couple days to think that over
Michael ********
Yes
Paul **********
Yes.
ElegantKa**********
You can safely put it in your bank account, same as if you sold gold. The money will not be eligible for condo purchases, but you can use normally for everything else. My last few motorcycles I sold I had them transfer directly to my thai bank.
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