Hi all, we plan to retire in Phuket, Thailand and would like to find out about what is the best option to :
1) How to transfer money out of my home country bank on a monthly bases to pay bills in Thailand?
2) Can my social security check directly deposit into my new Thai bank account?
3 Can I open a Thai bank account in Phuket while still living in my home country?
4) When living in Thailand and want to buy a car how do I go about transferring money out of my home country bank into my foreign/Phuket bank count?
TLDR : Answer Summary
The conversation addresses various aspects of financial management for expatriates planning to retire in Phuket, Thailand. Key points include options for transferring money from a home country bank to Thailand, the feasibility of having social security checks deposited directly into Thai accounts, and the necessity of being in Thailand to open a local bank account. Participants share insights on reliable money transfer services like TransferWise, the ease of transferring funds into Thailand, and considerations regarding buying a car and managing larger sums of money. Issues related to visas and health insurance while living abroad are also raised, emphasizing the complexities of expatriate life.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
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