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

Direct DepositUSA Government PensionBangkok BankInternational BankingVisa and ImmigrationExpat Financial Advice
Jun 28, 2023
a year ago
Jeffrey *******
ORIGINAL POSTER
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.
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TLDR : 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.
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 🤔
a year ago
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Jeffrey *******
ORIGINAL POSTER
@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.
a year ago
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Jeffrey *******
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Michael *********
Do people still have U.S. credit cards payable in usd? Keep money in a U.S. bank!
a year ago
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Jeffrey *******
ORIGINAL POSTER
@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.
a year ago
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Jeffrey *******
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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.🙂
a year ago
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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
a year ago
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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.
a year ago
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Steve **********
@Russell ******
 exchange rates go both ways.
a year ago
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Bob **********
@Steve *********
 exactly that’s why you don’t want direct deposit as you have no say so over the rate
a year ago
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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
a year ago
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Bob **********
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
a year ago
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Steve **********
@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 problem
a year ago
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Russell *******
@Steve *********
 I am expecting to make 80,000 baht by postponing my visa for 6 months.
a year ago
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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.
a year ago
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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.
a year ago
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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.
a year ago
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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 .
a year ago
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Russell *******
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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.
a year ago
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Steve **********
@Russell ******
 in 22 years here have seen baht go from 45 to 28 and everywhere in between despite predictions to the contrary.
a year ago
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Russell *******
@Steve *********
 So far the perditions I am seeing same to be ok .
a year ago
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Steve **********
@Russell ******
 wish you luck.
a year ago
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Russell *******
@Steve *********
 thanks 😊
a year ago
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Russell *******
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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.
a year ago
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Ling *****
@Us ****
 same here, I'd rather keep mine in Australia getting 5 to 5.5% with a government guarantee.
a year ago
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Ling *****
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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.
a year ago
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Jeffrey *******
ORIGINAL POSTER
@Fr***
 Will the gov’t pension automatically be converted and changed from $$ to THB?
a year ago
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Todd *********
@Jeffrey ******
 mine Canadian is deposited to my Thai account in baht at the govt to govt exchange rate that day.
a year ago
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Frank **********
@Jeffrey ******
 not sure but I would think so.
a year ago
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Frank **********
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Todd *********
@Frank *********
 agree with Frank here, the government pension direct deposit gets you VERY advantageous govt to govt exchange rates
a year ago
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Todd *********
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