Answered8 years ago
What are the recent changes in how foreign funds can be transferred for Thai immigration requirements?
General Update:
Much has been written regarding changes effective April 1, 2019, to the way funds can be transferred from abroad to satisfy Thai Immigration.
In March 2019 my monthly money transfer from Schwab to Bangkok Bank New York came into my Bangkok Bank Thai account listed as FFT (Foreign funds transfer). As I understand it, Thai immigration requires those funds come from abroad.
Without making any changes, in April 2019 my monthly money transfer from Schwab to Bangkok Bank New York came into my Bangkok Bank Thai account also listed as FFT (Foreign funds transfer).
So, for some of us months of concern was undue. I am relieved and hope other people might find this helpful.
Much has been written regarding changes effective April 1, 2019, to the way funds can be transferred from abroad to satisfy Thai Immigration.
In March 2019 my monthly money transfer from Schwab to Bangkok Bank New York came into my Bangkok Bank Thai account listed as FFT (Foreign funds transfer). As I understand it, Thai immigration requires those funds come from abroad.
Without making any changes, in April 2019 my monthly money transfer from Schwab to Bangkok Bank New York came into my Bangkok Bank Thai account also listed as FFT (Foreign funds transfer).
So, for some of us months of concern was undue. I am relieved and hope other people might find this helpful.
Answer summary
This post discusses changes effective from April 1, 2019, regarding how funds are reported when transferred from abroad to satisfy Thai immigration requirements. It notes that transfers to a Bangkok Bank account from overseas are still identified as FFT (Foreign Funds Transfer). The author expresses relief over the smooth transition of their monthly transfers, suggesting that earlier concerns might have been unnecessary.
3 repliesnewest first
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Robert *******
And as nice it is to know you got money in from abroad and it is mentioned at your bank as FFT, it has not much to do with Thai Visa Advice. But thanks for sharing.
Marty *********
Yes. All my transfers from Bank of America to Kasikorn show up as domestic transfers. Fortunately, I'm not doing the monthly income method.
Robert *********
Bangkok Bank is the clearing house for overseas transfers, other banks in Thailand will probably show the transfer as an domestic transfer, from Bangkok Bank.
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