Answered7 years ago

How is the 65K transfer coded in a Kasikorn bank account for visa requirements?

Kasikorn Bank Visa Requirements International Transfers Transferwise FTT SMART Transfer

Dianne *****

asked Jul 27, 2019

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Can anyone with a Kasikorn bank account who uses the 65K transfered from overseas monthly via Transferwise to meet their visa requirements, tell me if this month's deposit of 65K in their Kasikorn bank account was coded as FTT or as a SMART transfer or something else? Thanks

Answer summary

The discussion revolves around the coding of a 65K THB monthly transfer to a Kasikorn bank account from overseas via Transferwise, specifically regarding whether it is classified as an 'FTT', 'SMART' transfer, or something else. Users share their experiences with international transfers, with some noting issues with Transferwise's handling of the supporting documentation for visa purposes.

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Jos *********

This is a old post on Thai Visa Advice.

7 years ago

Andy *********

TW have 2 partners in Thailand - Bangkok and Kasikorn - both my transfers have gone via Kasikorn this week even though they are tagged to go via Bangkok bank to make sure shown as international - TW not very helpful - first time said it was a tech issue - following day said it was using the most efficient and cost effective way for customers and the tag no longer works 😞

7 years ago

Jos *********

@An**

, you have to understand. There systems are programmed like that. That's how they got the best rates. Nothing we can do here.

7 years ago

Stephen ************

I keep

*****

0 in the Kasikorn have done for twenty years never had a problem

Try it yourself

7 years ago

Jos *********

Garrett, yes but then you're paying a hell lot more then the 230THB per 1000 Euro you pay via TW I suppose

7 years ago

Jos *********

But I read here somewhere that you can go to the Kasikorn head office, pay a small fee and get a statement from them that all these transfers where international.

Can't confirm this though.

7 years ago

Jos *********

Garrett Greenwald this doesn't solve the international transfer problems. But he can put 400k in a savings account and 400k in an interest bearing account. Then yearly transfer the second 400k to the savings account for the requirement months.

7 years ago

Dianne *****

Garrett Greenwald exactly, while bringing the equivalent of 65K baht into the country monthly, remains an option for fulfilling the requirements of getting a "retirement" visa or extension, I would prefer to have the bulk of my money working for me in my own country

7 years ago

Stephen ************

Garrett Greenwald I try not to think about it

As long as beer remains stable I'm ok

7 years ago

Stephen ************

Garrett Greenwald no they won't accept that in Chonburi immigration

Has to be savings account

7 years ago