Answered2 years ago
What forms of funds can I deposit at Bangkok Bank aside from cash, and what is the maximum amount I can bring into Thailand without declaring it?
What other vehicle besides cash would be excepted at Bangkok Bank? US cashier's check or? I already have an account there and I know about Wise. And what's the maximum I can bring in without declaring is it 10 or 20K US. Thanks
Answer summary
The post discusses acceptable methods for transferring money to Bangkok Bank besides cash, with user recommendations favoring electronic transfers like Wise. The conversation indicates potential difficulties with receiving funds through U.S. cashier's checks due to long processing times and high fees. In terms of currency regulations, users clarify that travelers can bring up to $20,000 into Thailand without declaring it, although U.S. regulations require declaring amounts over $10,000 when leaving the U.S. It is advisable to bring proof of the funds' origin to avoid complications.
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Christopher *******
20,000 out of USA. Last I checked to bring into Thailand 10,000usd. Now bank transfers will be taxed. If you spend more than 180 days you have to pay Thai income tax now. Thailand has made things more complicated than it needs to be. My Thai wife and I start living in USA and visit our home in Thailand for 150 days a year. We each work summer jobs and each bring 10,000usd or 20,000 total back to Thailand. It’s more than enough for us. It appears I am in a poor man’s loophole. Good cus I deter government.
Vinee *******
Revolut
Ian *********
@Vinee ******
lol revolut only saves u 100 bhat on 1000 uk .hehe against wise .
Martin *****
I use wise to transfer money to kasikornbank and pay by qr code.. easy
Kathy ************
$10,000 Canada
Still have to declare
For any amount
Still have to declare
For any amount
Kathy ************
Same as Canada
Just have to declare
They don’t want money from proceeds of crime
They want money to be from legal sources
Just have to declare
They don’t want money from proceeds of crime
They want money to be from legal sources
Peter **********
20,000 bucks is the limit before you must declare at customs. that is per trip and that way you wont be caught up in the new thai tax laws
Peter **********
@John *********
good, dont even need to file anything noe. can just ignore it all, cheersPeter **********
@John *********
cheers, thats not clear in the revenue dicument I got.John **********
@Peter *********
the information isn't all in one place. The revenue department published an entry in the Royal Gazette last November stating this updating the entry in September on remitted income The Revenue Department hereby issues the following order:
Add the following as the second paragraph of Section 1 of the Revenue Department Order No. Por.
********
on the payment of income tax under Section 41, paragraph two of the Revenue Code, dated September 15, 2023: “The contents of paragraph one shall not apply to assessable income incurred before January 1, 2024."John **********
@Peter *********
it doesn't matter how you bring money in. The question is is the money income or from savings. If the latter there's no requirement to file a tax returnPeter **********
@John *********
was hoping that was trueJohn **********
@Peter *********
yep, as long as you can show the savings were accumulated prior to *****
/2024
กะลาสี *****
If it's not too inconvenient (e.g. a long drive for you) go to BKK bank and ask them in person. That way you'll know for sure what the bank will accept.
Chris *******
US customs/immigration have a 10k leaving the country without declaration limit.
Thai allows up to 20k coming in
You can bring as much as you want as long as it's legal and declared though.
Thai allows up to 20k coming in
You can bring as much as you want as long as it's legal and declared though.
Vijay *****
@Chris ******
..10k per personChris *******
@Vijay ****
I am sick and tired of people who don't know what the rules are, putting their 2 cents in.If you don't know, don't just put your guess in.
This can have serious ramifications for someone who listens to your incorrect advice.
Jeffrey *******
From the US site - travel.state.gov for Thailand.
No currency restrictions for entering or departing.
No currency restrictions for entering or departing.
John ********
@Jeffrey ******
that’s misleading as you have to declare certain amounts in Thailand
Ken ***********
@Jeffrey ******
When leaving the U.S., there are no restrictions on the amount of U.S. currency you can carry. However, if you're transporting more than $10,000 in currency or monetary instruments, you must report it to U.S. Customs and Border Protection. It's also a good idea to check the regulations of the country you’re entering, as they may have their own currency limits.
Conny **********
@Jeffrey ******
so they missed that over 20kusd need to be declared...
Bob **********
If you want the funds for visa reasons they must be transferred in from abroad if you just want spending money I believe $20,000 can be brought in but I’ve brought more than that and had no problem if your worried about declaring it as long as you have proof of where it came from just declare it if you like
Vijay *****
@Bob *********
....declaring does not mean that it is not allowedBob **********
@Vijay ****
exactlyKen ***********
Using a U.S. cashiers check in Thailand would be difficult. If you find a bank branch that would accept it, there would be a lengthy delay in receiving the funds and expensive fees involved.
As you mentioned, best options are cash or transfer, either bank to bank or using an online company like WISE, XE, Remity or others.
As you mentioned, best options are cash or transfer, either bank to bank or using an online company like WISE, XE, Remity or others.
Phil ******
@Scotty ********
best way is an Electronic transfer. I use wise.Activity
17 joined17
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