Ask question

Can US Social Security be directly deposited into Krungsri Bank in Thailand?

Social Security Direct Deposit Krungsri Bank Thailand Banks Expat Banking Issues US Pension Currency Exchange Banking Regulations in Thailand

Mar 18, 2024

8 months ago

Nick **********

ORIGINAL POSTER

Does anyone from U S. Get social security direct deposit to Krungsri bank.

1,352

views

8

likes

37

all likes

21

replies

1

images

11

users

TLDR : Answer Summary

The discussion revolves around challenges faced by US citizens trying to get their Social Security benefits directly deposited into Krungsri Bank in Thailand. Users share experiences of difficulties with direct deposits, bouncing payments, and issues with local bank branches. Some suggest setting up direct deposits to US accounts instead, highlighting the importance of managing exchange rates and bank regulations. Others emphasize the need to complete required forms for the Social Security Administration to avoid disruptions in payments.

Tony **********

Just curious as to why you wouldn't want to deposit to your American bank and then just write transfer what you need to your Thai bank?

Like

Reply

Kool *******

@Tony *********

why go to all that trouble when you live in Thailand? The banking system in Thailand is not third world steal your money banking. It has to be above board, and highly regulated, as Thailand is an exporting country, with international banking being a major instrument in making that happen.

Like

Reply

Tony **********

yes, but difference in interest is significant. I'm guessing you won't use all your ssa each month... Seems like one web site click isn't a lot of hassle. Thanks, was just curious....

Like

Reply

Kool *******

@Tony *********

concerning what I don't spend each month, I don't foolishly leave it in the bank. It gets invested, and makes good interest. A person that leaves their savings in a bank, in any country, isn't currently beating the inflation rate each year, as you should know if you are concerned about interest accumulation.

Like

Reply

Reply to

Kool *******

Reply

Sean **********

My friend at Krungsri says no. She says go to Bangkok bank.

Like

Reply

Kenny *******

Mine is under

*****

.Never got mine in Feb or March

Like

Reply

Ethel ********

you probably didn't complete the survey form. Same happened to me. Contact SSA in Manila US embassy. You can download for online and mail to Manila

Like

Reply

Nick **********

ORIGINAL POSTER

I call it the "are you still alive form". I get it every June to my address here in Thailand and send it back via Thai Post tracking.

Like

Reply

Reply to

Nick **********

Reply

Kenny *******

Are you sure that its because you did not return postcard last year with info signature and date

Like

Reply

Christopher *************

I had a US friend and he couldn't get any pension cheques debitted to a Thai Bank I hadd to go to an ATM using his credit Union card to get funds for him many times.

Like

Reply

Steve **********

Social Security will not divide your benefits and distribute them.

It's all or nothing. If they DD all ( and it's 65k ), you best have supplemental savings to cover exchange rate.

It's varied from 45 bt/ US to 28 bt/ US, now at +/- 36.

Like

Reply

Mike **********

Just in my opinion, I wouldn’t send mine to a Thai bank. It’s just a matter of peace of mind for me. When I filed for US SS retirement a few years ago, I was already living here in Thailand with a Thai bank account. I just set up DD to one of my US accounts and still used my Thai address as a mailing address and residence.

Like

Reply

Rick ******

@Mike *********

How do you deliver your money from US bank to Thai bank? Just curious what company or method do you use.

Like

Reply

Mike **********

I have to call the investment firm because I don’t have a US sim to receive a confirmation code, but available

****

and the xfer takes no more than 5 minutes. Wire transfer free of charge and the phone call is free using my Skype US phone number that’s my only cost with annual fee for the number and that is only $30. I know, still use Skype but can call any number in the US with it. I need to research if an eSIM with a US number would work for the confirmation code, but the phone call is so easy with their “my voice” Verification and number calling from confirm the transaction. I’m sure many on here have their own system that works, but I’ve had zero issues so I don’t rock the boat.

Like

Reply

Rick ******

@Mike *********

Thanks for the information. I appreciate it.

Like

Reply

Mike **********

sent you a pm with more info

Like

Reply

Reply to

Mike **********

Reply

Nick **********

ORIGINAL POSTER

@Mike *********

Peace of mind for me is having my money close to me. 14 years here and no problems with Thai banking

Also, as of yesterday, there are no nosy tellers, bank officers, or anyone asking me what I am going to do with "my" money if I want large amount of cash.

Like

Reply

Reply to

Nick **********

Reply

Nick **********

ORIGINAL POSTER

Thanks, but I get D. D. myself to K bank. I am asking for friend who has Krungski and the past 2 months they all q assreturned to SS in the U. S

Manager at local branch is clueless

Like

Reply

Kool *******

@Nick *********

this is a problem with the bank itself. Only Bangkok Bank, Kasikorn Bank, and SCB are allowed to receive overseas deposits greater than bt50,000 in a single transaction. He needs to change banks.

Like

Reply

Nick **********

ORIGINAL POSTER

Thanks. Will pass on the information.

Like

Reply

Reply to

Nick **********

Reply

Phil ******

@Nick *********

similar post here.

******************************************************************

Like

Reply

Reply to

Phil ******

Reply

Thai Visa Advice and Everything Else

... members · 60% approval rate

The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.

Thai Visa Advice and Everything Else

View the Conversation

Thai Visa Advice and Everything Else

Should I use a U.S. address or report my new address abroad for banking and Social Security after moving out of the U.S.?

101 comments

2 months ago

Can you relocate to Thailand on social security income alone with limited savings?

248 comments

2 months ago

What should retired US expats know about SSA Form 7162 and receiving Social Security benefits while living abroad?

48 comments

5 months ago

Can I use my monthly Social Security income to qualify for a 6-month multi-entry visa in Thailand instead of showing savings?

16 comments

5 months ago

Do I need to transfer my Social Security benefits to a Thai bank for my retirement visa?

25 comments

6 months ago

Can an American retiree in Thailand have Social Security deposited directly into a Bangkok bank account?

28 comments

6 months ago

What are the Social Security rules for a US expat married to a Thai woman?

5 comments

6 months ago

Do you need a US social security number to open a bank account in Thailand?

46 comments

8 months ago

Is it better to have my Social Security deposited in a US bank and transfer funds to Thailand as needed?

49 comments

9 months ago

What are the best practices for managing Social Security payments while living in Thailand?

168 comments

9 months ago

Can US citizens use Social Security benefits as proof of income for a Non-O visa in Thailand?

5 comments

9 months ago

Can I combine Social Security income and bank deposits to meet the 800k Baht requirement for a Non-O visa in Thailand?

15 comments

a year ago

What has been your experience with depositing a pension check at Kasikorn Bank in Koh Samui?

15 comments

a year ago

How can I set up direct deposit for my USA government pension to Bangkok Bank while I'm not in Thailand?

29 comments

a year ago

How can I ensure my Social Security payments meet Thailand's financial requirements for a visa?

16 comments

2 years ago

What issues have expats faced when receiving bank transfers from the US to Thailand using SWIFT?

8 comments

2 years ago

What documents and steps are necessary for renewing a Thai passport and setting up US social security deposits in Thailand?

30 comments

2 years ago

What is the fastest way to get US government checks directly deposited into a Thai bank account while on a retirement visa?

15 comments

2 years ago

Can I wire money from my Schwab One account to a Bangkok Bank account and receive Social Security checks directly deposited there?

15 comments

2 years ago

Can I receive my SSDI monthly disability check through direct deposit to a Thai bank account?

24 comments

3 years ago

How can I prove my Social Security income for the renewal of my Non O Thai wife visa?

7 comments

3 years ago

Do I need to have my Social Security income deposited in a Thai bank to qualify for a retirement visa?

50 comments

3 years ago

What is the best bank for depositing USD and making international transfers in Thailand?

3 comments

4 years ago

What are the best options for managing finances as an expatriate retiring in Phuket, Thailand?

61 comments

4 years ago

What are the current methods for transferring money from the U.S. to Thailand after changes in ACH transfers?

53 comments

5 years ago

Data protection policy Terms and conditions Disclaimer Privacy policy Refund policy

The asq:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.