Does transferring money via Wise to a Thai bank account satisfy the requirement of having funds from abroad for a visa?

Question

Hi everyone.
If I transfer money from my uk bank account to my wise account and change the pound sterling to Thai bahts within my wise account, once in Thailand I intend to transfer the 800,000 bahts from my wise account into my new Thai bank account, would that satisfy the rule which says your money should have come from outside Thailand?

Thank you for any advice. 🙏

Ask Thailand · Answer

The original post inquires whether transferring money from a UK bank account to a Wise account, then converting pounds to Thai baht before transferring to a Thai bank account, satisfies Thailand's requirement that the funds must originate from outside the country. Community responses indicate that the transfer's labeling (as an international transfer) and the choice of Thai bank (like Kasikorn) are critical for compliance. Key considerations include tagging the transfer correctly (e.g., for long-term stay) and ensuring funds meet the visa requirements, such as having 800,000 baht in the Thai bank account.

Steve **** · Answer

For purposes of having 800k in a Thai bank that is sufficient.  How it got into the account doesn’t matter for the 800k method. It only matters for the 65k/month method

Alan ***** · Answer

Just put the reason is to buy property, it’ll take longer. But it will go through with the right code

Bent ************* · Answer

No. Send from bank to bank!

Patrick ******** · Answer

Even much worse if it went BKK account

Mark ******* · Answer

Why not a transfer, bank to bank, is that not possible?

Hanne ******* · Answer

Isn’t there something about that the money has to be paid into a Thai account two months before applying for the visa/arriving in Thailand?

🤔🤔🤔🤔🤔

Todd ******** · Answer

If you send via Wise ….tag it Funds for long term stay as reason for transfer so the bank shows it’s an international transaction.  If you send it to your wise account. …Then send to your bank you loose the option to do said tag

Wannikea ********* · Answer

When setting up the reason for transfer, you choose the very last choice funds for long-term stay. In a perfect world it would be marked as such when it comes into your Thai Bank. You didn't say what your Thai bank is, Wise has limited the number of Thai Banks they will send funds to. Regardless, if your funds come in not marked as international transfer you can get the paperwork to prove to any reasonable IO the transfer came from abroad.

Jim ******* · Answer

Ha, the money that is coming via Wise goes to the Kasikorn Bank. There it is flagged as an overseas transfer. That is where Thai governemnt authorised the Kasikorn Bank. Just my guess, that might be the reason why Bangkok Bank (lost that business) became so surly and unfriendly to foreigners.

If your endpoint bank is not Kasikorn, then Kasikorn sends the money to your bank. The money is there but labelled as "Internet Transfer" as it is between Kasikorn and your bank.

Some leg work may be involved to get Kasikorn to give some document that the transfer was originally an overseas transfer.

John ********** · Answer

It will depend on how it shows up in your bank statements

Does transferring money via Wise to a Thai bank account satisfy the requirement of having funds from abroad for a visa?

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