Ask question

What is the correct reason to provide when transferring funds via Transferwise for Thai immigration purposes?

Visa Bank Statement Requirements Transferwise Funds Transfer Thai Immigration Long Term Visa Financial Documentation

Mar 1, 2021

4 years ago

Trevor ********

ORIGINAL POSTER

Question 

If you transfer funds using Transferwise which reason to you put that satisfies Thai Immigration in regard to you bank statement.? 

Thanks for any input

1,728

views

1

likes

50

all likes

30

replies

3

images

9

users

TLDR : Answer Summary

When transferring funds using Transferwise specifically for Thai immigration purposes, users recommend selecting 'Funds for Long Term Stay in Thailand' as the reason for the transfer. This designation helps ensure that the money is categorized correctly in bank statements as an international transfer, which is crucial for meeting visa requirements. It is advised against using 'living expenses' as this may not clearly indicate the funds' foreign origin. Ensuring that the correct reason is chosen can prevent complications with visa documentation and immigration processes.

Thomas *********

I believe you only get taxed if you have not paid in your country.

I have my money sent via Caymans and Gibraltar where I pay 2.5%. Last year I transferred in over 5 million THB no issues.

Like

Reply

Thomas *********

so I will just carry on

Like

Reply

Bobby ********

@Thomas *****************

Like

Reply

Bobby ********

Thomas Barnard Linsell. Absolutely. As do the thousands of retirees bringing their pensions into the country!

Like

Reply

Reply to

Bobby ********

Reply

Bobby ********

Thomas Barnard Linsell. In THEORY still should be declared. In practice, doesn't happen.

Like

Reply

Thomas *********

I don't see why you should declare. Immigration state you should have 65k per month coming in or 800k in your bank. So people that bring in 65k per month I've never heard of the Thai authorities asking to tax it.

Like

Reply

Bobby ********

Thomas Barnard Linsell. Money earned overseas and brought into the country in the same year it is earned is technically tax assessable. But as I've said, it has never ever been enforced, that's why you've never heard of the Thai authorities wanting to tax it. But I had already said that.

Like

Reply

Reply to

Bobby ********

Reply

Kuan ******

Looking at all the mails, but will the authorities tax u because Thai tax laws say if u bring a certain amount monthly - Thai Tax office will tax u

Like

Reply

Bobby ********

Kuan Kuan. In theory you can be taxed on money brought into the country in the year that it's earned. In practice it never ever happens.

Like

Reply

Kuan ******

thanks .. I was worried about that

Like

Reply

Reply to

Kuan ******

Reply

Kool *******

no. Thai taxes only apply to money you made by working, or investing, in Thailand.

Like

Reply

Reply to

Kool *******

Reply

Joe ***********

What I wrote above allows Bangkok Bank to tag any and all foreign origin Funds Transfers as being a International Transfer / FTT... The Report produced by Bangkok Bank will show all 65 K baht monthly transfers X 12 months for retitrement

(or show 40K Baht / m x12 months for marriage).

This bank report will be used by Thai Immigration as your proof that your monthly funds came from abroad.

Like

Reply

Bobby ********

It's the last one

Like

Reply

Trevor ********

ORIGINAL POSTER

,Thank you, really appreciate

Like

Reply

Reply to

Trevor ********

Reply

Bobby ********

It actually states the reason as "long stay visa in Thailand" or words to that effect. Under no circumstances select "living expenses".

Like

Reply

Trevor ********

ORIGINAL POSTER

Understand Thank you

Like

Reply

Bobby ********

Trevor Briggs. Last one on the list. Works for me every time

Like

Reply

Reply to

Bobby ********

Reply

Joe ***********

Trevor - to get an AUTOMATIC foreign origin designation on your TransferWise Funds Transfer seen as "International Transfer" Deposit in your bank account register... And to get the FTT embedded code Foreign Telegraphic Transfer) into the next Bankbook update printout...

You must do the following when using TransferWise...

- it must be a Bangkok Bank Account

- and in TW you must use the Reason to send code from the TW pick list...

"Funds for Long Term Stay in Thailand"

(last item on the pick list.

I can explain more...

And the key word is Automatic

Like

Reply

Joe ***********

Yes - I did explain which TransferWise item to pick.

Like

Reply

Trevor ********

ORIGINAL POSTER

@Joe **********

,you did explain ,I missed typed ,apologies

Like

Reply

Joe ***********

@Trevor *******

I commit the same typos... way too often... Very understandable...

Like

Reply

Reply to

Joe ***********

Reply

Trevor ********

ORIGINAL POSTER

@Joe **********

,sorry typo ,you did explain the item to pick it should have read now not no ,apologies

Like

Reply

Tod *********

@Trevor *******

IF when you update your bank book the incoming transfers don't show as coded international transfers, you need to get a "credit advice" from them showing that indeed the money did come from abroad. I know a person who uses transferwise yet has to go EVERY month to his SCB and get a credit advice showing the funds came from abroad :/ Even though he selects "𝗙𝘂𝗻𝗱𝘀 𝗳𝗼𝗿 𝗟𝗼𝗻𝗴 𝗧𝗲𝗿𝗺 𝗦𝘁𝗮𝘆 𝗶𝗻 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱" it won't show as an international transfer on his bank book.

Like

Reply

Trevor ********

ORIGINAL POSTER

, thank you for taking the time to explain,appreciated

Like

Reply

Reply to

Trevor ********

Reply

Trevor ********

ORIGINAL POSTER

@Joe **********

,many thanks for such a clear explanation, l use SCB and, have for a, long time, no issue with Visa you have no explained which item to pick, Thank you

Like

Reply

Joe ***********

@Trevor *******

I am not sure how you can document International Transfers when using SCB

Like

Reply

Tod *********

@Trevor *******

This is the reason you pick (like

put in his post ;) )

"𝗙𝘂𝗻𝗱𝘀 𝗳𝗼𝗿 𝗟𝗼𝗻𝗴 𝗧𝗲𝗿𝗺 𝗦𝘁𝗮𝘆 𝗶𝗻 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱"

Like

Reply

Reply to

Tod *********

Reply

Wylie *******

I'm not sure about the others, but if you select for long term visa it will label it correctly to show it came from overseas. When I selected living expenses it did not.

Like

Reply

Paulie ********

For family I always put

Like

Reply

David *******

General living expenses. Not sure of the exact wording!

Like

Reply

Reply to

David *******

Reply

Thai Visa Advice and Everything Else

... members · 60% approval rate

The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.

Thai Visa Advice and Everything Else

View the Conversation

Thai Visa Advice and Everything Else

How can I ensure my Wise fund transfers are tagged as international for visa extensions in Thailand?

31 comments

2 months ago

What alternatives can I use for transferring money to Thailand after Wise removed the long-term stay option?

111 comments

2 months ago

What should I do if Wise no longer shows 'Funds for long term stay' for international transfers to Thailand?

13 comments

2 months ago

Do funds for a retirement visa in Thailand still need to come from overseas, and how should they be transferred via Wise?

17 comments

2 months ago

How can I ensure my money transfers from the UK show as Foreign Telegraphic Transfers in my SCB account for my Long Stay Marriage Visa in Thailand?

93 comments

8 months ago

Is using Wise for my 800,000 THB transfer considered an international transfer for the Non-O (Retirement) visa?

51 comments

a year ago

What is the proper reason for transfer using Wise and Bangkok Bank for the 65k retirement extension in Thailand?

4 comments

a year ago

What are the best practices for sending funds to Thailand for visa purposes, especially regarding WISE?

13 comments

a year ago

Is Wise acceptable for transferring funds for the 65k monthly income method on a Non O visa in Thailand?

16 comments

a year ago

How can I make sure my Wise transfer to Thailand appears as an international transfer for immigration purposes?

38 comments

3 years ago

How can I ensure TransferWise sends money directly to Bangkok Bank without issues?

39 comments

3 years ago

What are the requirements for transferring funds monthly to qualify for a retirement visa in Thailand?

15 comments

3 years ago

How can I ensure my Wise app transfers meet Thai immigration requirements for a retirement visa renewal?

50 comments

3 years ago

How does Wise work for international transfers to Thailand, and will it be accepted for the NON-O visa requirements?

36 comments

3 years ago

What should I do if my bank transfers for my retirement visa don't show as coming from abroad?

12 comments

4 years ago

What Should I Know About Transferwise Transfers and Their Acceptance in Thailand?

9 comments

5 years ago

Why did my TransferWise funds not qualify for my retirement visa in Thailand?

1 comments

5 years ago

Is there a specific option for transferring funds for long-term stay in Thailand using Transferwise?

0 comments

5 years ago

Is transferring 60,000 Baht via TransferWise into a Thai bank account accepted as proof of funds for immigration?

6 comments

5 years ago

What are the implications of transferring money to Thailand labeled as 'Long Stay'?

0 comments

5 years ago

What does the TransferWise option for complying with Thailand immigration requirements actually mean?

136 comments

5 years ago

How can I ensure correct fund transfer documentation for my Thai visa extension using TransferWise?

17 comments

5 years ago

How can I satisfy Thai Immigration's requirement for monthly money transfers without using the 800,000 baht option?

8 comments

5 years ago

What are the challenges of using TransferWise for international transfers to Thailand regarding immigration requirements?

20 comments

5 years ago

How can I prove a fund transfer for a Non-O visa application in Thailand when using Transferwise?

48 comments

6 years ago

Data protection policy Terms and conditions Disclaimer Privacy policy Refund policy

The asq:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.