Answered3 years ago
How can I set up direct deposit for my USA government pension to Bangkok Bank while I'm not in Thailand?
How do I set up direct deposit for a USA government pension to Bangkok Bank? I'm not in Thailand. I already have a BB account. Thank you.
Answer summary
To set up direct deposit for your USA government pension to your Bangkok Bank account while not residing in Thailand, visit your pension provider's website, navigate to the payment method section, and enter your Thai bank account details including the bank name, account number, and routing number. It may also be beneficial to maintain your funds in a US bank and transfer money on an as-needed basis using services like Wise.
29 repliesnewest first
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Stephen *******************
Hope you have notified your pension supplier you are no longer living in your home country and instead living in Thailand as this causes problems with any future increases due to inflation that you would not be eligible for 🤔
Jeffrey *******
OP@Stephen ******************
my legal USA residence does not change. I think the pension issue you mention is maybe for another country. It’s not for the USA - at least not for me or anyone I know of.
Michael *********
Do people still have U.S. credit cards payable in usd? Keep money in a U.S. bank!
Jeffrey *******
OP@Mic****
I suppose some people do not keep either. Other's want a lil more security, and might have more than one US bank and several US credit cards, with an ATM from each bank also. Banking is free in all the banks I've ever had in the last 20 years, even checking accounts pay a tiny interest for balances. Stuff happens, be prepared.
เจสัน ******
As easy as talking to your pension provider giving them your preferred bank details. Et Voilà your pension is paid into your bank in Thailand.🙂
Russell *******
Why would you want to do that . Keep your money in your home country currency and change when the exchange rates are in your favor. You can use Wise app or similar
Steve **********
Real simple, notify Govt agency of Thai Bank and Number. Not one error in 20 years. But Thailand has maaany bank holidays.
Bangkok Bank is best as they have affiliation with Bank of America.
Bangkok Bank is best as they have affiliation with Bank of America.
Steve **********
@Russell ******
exchange rates go both ways.Bob **********
@Steve *********
exactly that’s why you don’t want direct deposit as you have no say so over the rateSteve **********
@Bob *********
didn't use 800k on 1st but it was in 04, so things may have changed..just use income. Once your bank knows you, no problemBob **********
Steve Mccarthy you’ll need the 800k for the non-o and your first extension unless you pay an agent,in my case I use the monthly income method I just got 5000 baht more on my monthly transfer by looking at my phone for 30 seconds to see the days rate
Russell *******
@Steve *********
No I am retired here . But if I get a opportunity of the possibility of stretching funds . I might as well try it . Been to Malaysia and Singapore but not since 1988 so the change will be interesting. Loas and Cambodia will be the first time .Steve **********
@Russell ******
agree, if your not sitting in London or Boston watching exchange rates.My 1st year was touring Laos, Cambodia, Malaysia etc, returned a few times to each.
If you have opportunity, hit Singapore just for the experience.
Russell *******
@Steve *********
Well , you could look at it like that ,but I am choosing it as holiday time and going to Vietnam, loas , Cambodia and NZ back in March. Will buy baht between now and six months , 48 to £ should be doable if not I have only lose 6 months holiday.Steve **********
@Russell ******
so you're letting $2500 control 6 months of your life.' Expecting ' not same as
' made '
Have seen 'expected ' shift to ' oh oh ' many times in many countries.
Russell *******
@Steve *********
I am expecting to make 80,000 baht by postponing my visa for 6 months.Steve **********
@Bob *********
Direct Deposit is constant. Chasing rate for a few bucks isn't worth the trouble, and Visa based on income so want to show steady monthly.Won't stick 800k in bank
Russell *******
@Steve *********
sure, but from now over the next 5 years the prediction for baht against £, dollar or euro is weaker. You can also exchange all on the you get if you want.Russell *******
@Steve *********
thanks 😊Steve **********
@Russell ******
wish you luck.Russell *******
@Steve *********
So far the perditions I am seeing same to be ok .Steve **********
@Russell ******
in 22 years here have seen baht go from 45 to 28 and everywhere in between despite predictions to the contrary.
Us *****
Probably better for you to leave your money in the US bank and only transfer money you'll need using Wise. Some banks give you a 5% CD rate. I'd park myoney in the states than Thailand.
Ling *****
@Us ****
same here, I'd rather keep mine in Australia getting 5 to 5.5% with a government guarantee.
Frank **********
Go to the website that you get your pension from. Go to method of payment. Direct Deposit and enter your Thai bank account information. Name of bank, account number and routing number.
Jeffrey *******
OP@Fr***
Will the gov’t pension automatically be converted and changed from $$ to THB?
Todd *********
@Jeffrey ******
mine Canadian is deposited to my Thai account in baht at the govt to govt exchange rate that day.Frank **********
@Jeffrey ******
not sure but I would think so.Todd *********
@Frank *********
agree with Frank here, the government pension direct deposit gets you VERY advantageous govt to govt exchange ratesActivity
11 joined11
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