Answered7 months ago
How does the new Wise option for international money transfers affect immigration requirements in Thailand?
Wise haveput an option to state that your money is an international transfer 👍
Answer summary
The community discusses the new option offered by Wise for international money transfers, particularly regarding documentation for Thai immigration purposes. Users share experiences about the importance of having funds documented as coming from abroad, which is crucial for visa applications and financial proof required by Thai authorities. There is some confusion about recent changes and the necessity of specific documentation when transferring money to Thailand. Users have varied experiences, with some claiming immigration does not care about transfer origins as long as funds are in the account for a specified time.
33 repliesnewest first
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Krystian ******
Why ppl needs this? Retirement visa ?
Tore *********
Huh? Always there. It even defaults to that. Just a UI change so you noticed it.
Martin **********
I stopped using Wise because, because if I selected before, funds long stay in Thailand, it became an international transfer. Since September, I had to stop, as it no longer was considered as one. If I can use Wise again, I save money, but have to be sure.
Tom *******
Martin Mairesse that only happened once, the month of September. All other transfers are, and have been coded correctly. Immigration was aware of that issue and didn’t even flinch when I submitted my statements.
Martin **********
Tom Feahr Good to know, I will try again.
Mark ********
Alan Bow That's because it is a new thing !
The reason for sending money has been in place for a long time and is mandatory that you select an option.
The international option IS a new thing
The reason for sending money has been in place for a long time and is mandatory that you select an option.
The international option IS a new thing
Roger **********
Mark Briggs consider that it may be related to the visa and it might also relate to filing the income tax return in Thailand, as one is taxable resident after 180 calendar days in Thailand in a year
จอห์นนี่ *******
The option is whether or not you request documentation of transfer (beyond simple bank statement record).
Alan *****
OPจอห์นนี่ โคล่า if you want to buy a condo, the money has to show as an international transfer
Ivan ************
Alan Bow you need to show the money came from abroad. You can do this with a "Confirmation Letter of International Fund Transfer" from the bank it hits first, if it's not your own bank. Wise has a page explaining it, I think they explain it if you say yes to that question.
Barry **********
Does western union have the same
Kim *********
Barry Kerrison you get CASH from WU
Stephen ********
It's been there for years. It's "funds for long-stay in Thailand"
Ivan ************
Stephen there is a new additional question that asks if you need proof it's an international transfer. I think it just tells you how to get the confirmation if you select it, not sure it changes the routing. You can get a "Confirmation Letter of International Fund Transfer" from the bank it hits first if it's not your own bank.
Alan *****
OPStephen Howell I’ve never noticed it 🙄
Rob *********
I saw that when I made a recent transfer. It doesn't mean that Thai immigration will accept it.
Stephen ********
Rob Findlay I'm looking at the Wise app now and all I'm seeing is instructions on how to obtain the FET from your bank, there's nothing about Wise providing any document
Alan *******
They will except it as the bank should code it as an international transfer surely.
Stephen ********
Rob Findlay I've been using it for many years. Of course immigration accept it
Rob *********
Stephen Howell as far as I am aware this is something new.
Stephen ********
Rob Findlay Have you got a copy of this document you can show? I've always been able to download a copy of the transfer advice which shows the amount transferred in Australian dollars, and the amount received in Thai Baht, so I'm wondering how this new document differs from that?
Rob *********
Stephen Howell no, it was an option that appeared while setting up the transfer. It asked if a document stating that it was an international transfered was required. It was the first time I had seen it.
Alan *****
OPStephen Howell I think you’d have to go thru the procedure of transferring the money, after you have the conformation off your bank, you go back to wise & it definitely comes up
Stephen ********
Rob Findlay Have you got a link to that statement or a screenshot from the app?
Rob *********
Stephen Howell you are not understanding the point I am making. Go back and read the comment I initially replied to. Wise are now offering a document to show that the transfer came from overseas.
Stephen ********
Rob Findlay No, you can get that from the bank
Rob *********
Stephen Howell if I understand it this is a document that is supplied by Wise stating that the funds were transfered from overseas.
Stephen ********
Rob Findlay The reason for transfer "Funds for long stay in Thailand" has been there for about 6-7 years. It was the late Joe Green who liaised with Wise to get this facility in place. It only works with Bangkok Bank and Kasikorn Bank. The transfers to Bangkok Bank come through as FTT, which immigration know is the code for a foreign transfer
Alan *****
OPRob Findlay as far as I’m aware, immigration don’t care where the money comes from, as long as it’s in the account for the specified time
John *******
Alan Bow It seems to vary by office. I THINK that is true at my office.
Nongnuch ********
Alan Bow not for those who need to do the financial proof with 12-months of transfers from abroad of a minimum of 65,000 THB, month for month, not missing out any month. THESE PEOPLE need the transfer CODED in their bankbook as having come from abroad. Immigration will ACCEPT it!
Alan *****
OPNongnuch Kamdee that makes sense 😏
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