Answered4 months ago
What is the safest way to transfer 800,000 Baht to a Thai bank for a Non-O retirement visa?
Hi looking for advice,
Hopefully i will get a non o retirement visa.
My question is regarding the 800,000 Baht requirement to sit in a Thai bank.
What are the best way to make sure that this happens safely.
As taking cash seems risky
TIA
Hopefully i will get a non o retirement visa.
My question is regarding the 800,000 Baht requirement to sit in a Thai bank.
What are the best way to make sure that this happens safely.
As taking cash seems risky
TIA
Answer summary
The conversation discusses the safest methods to transfer the 800,000 Baht required for a Non-O retirement visa in Thailand. Community members recommend using online services like Wise for currency transfer, emphasizing the importance of not carrying large amounts of cash due to risks and legal requirements. Suggestions include opening a Thai bank account after arrival in Thailand, wire transferring funds from a home country bank, and maintaining the money in the Thai bank account for at least two months before applying for a visa extension. Additionally, advice on documenting the source of funds and exploring different Thai banks is provided.
47 repliesnewest first
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Vincent ******
Wise
David *****
I don't believe it has to be in a Thai Bank!!! It does however need to be shown at request that the balance in your name in your bank hasn't been removed. I could be wrong, if anybody knows , please correct me!
I too need and want to get the O Visa and retirement VISA so any suggestions or affordable agencies are welcome.
Some Agencies are charging way too much without guarantees
I too need and want to get the O Visa and retirement VISA so any suggestions or affordable agencies are welcome.
Some Agencies are charging way too much without guarantees
David ********
Hire a visa agent. They will handle everything. Well worth the money!
Graeme *******
Taking cash where ?
Alan ********
You can wire use Wise or Xe I have done all three. I use Xe on a regular basis and have not had any problems.
Ken *******
Whatever you do keep everything documented; because, one of the things immigration will ask you is where the money came from.
Phil ******
Chris Cox use Wise for transfers mate
Chris *****
OPPhil Beer thank you
Allan *******
Please google maximum amount amount of cash that can be carried on a flight. You really need to know. If caught it can be taken away from you.
Chris *****
OPAllan Rawai thank you
Radu-Petruț *******
Um, bank transfer?
Chris *****
OPRadu-Petruț Dincă thank you
Tor ******
Cash is a bad idea because they might ask at your first 1 year extension for a proof of international transfer.
Chris *****
OPTor Toiz thank you
David **********
go to your bank and enquire about overseas transfer s
Chris *****
OPDavid Chinnery thank you
Humphrey **********
there's a new invention! it's called a "wire transfer"!!!!
Tasie **************
Malcolm **********
It really depends on what country you are from and what bank you use. I've found that quite a few UK banks aren't really organised for remote transfers but I'm with HSBC and it's very easy. I would check but normally it's best to do the transfer in your countrie's currency and make the exchange in Thailand as you will normally get a better rate but again like everything it depends on what country you are from and what bank you are with.
Chris *****
OPMalcolm Whitlock thank you
Steven ***************
After you get your visa and get to Thailand open an account and wire transfer the 800k from your home Country bank to the Thai account. I recommend opening 2 Thai accounts and put the 800k in one and use the other for daily and monthly expenses.
Chris *****
OPSteven L. Daugherty thank you
Steven ***************
Chris Cox P.S. avoid Bangkok Bank. I highly recommend Kasikorn.
Steven ***************
Alan Suiter 8 years ago when I went to open My accounts I went to SCB because that's where My girlfriend banked, for some reason they said no, so I walked across the street to Kasikorn and had no problem. Life in Thailand, always interesting.
Alan ********
I use SCB Siam Commercial Bank and they have been good to deal with.
Simon *******
I dont think you are allowed to take that much cash out of your country legally.
Phil ***************
Simon Adams you can take out as much cash as you want from most countries, but the important thing is to declare it when you are leaving the country. There are customs forms available to declare removal of currency
Floyd ******
Simon Adams it's approximately $25,000 , but you don't take it out in cash you have it transferred from your bank to a Thai bank once you open an account
Chris *****
OPSimon Adams thank you
Mike ************
Simon Adams
You can bring as much as you want.
Just have to declare it.
You can bring as much as you want.
Just have to declare it.
Chris *****
OPMike Veldhuizen thank you
David ********
Yes you can because your paying taxes in your country not Thailand they have an agreement between both countries you only pay in one of them
Chris *****
OPDavid Easson thank you
Graham ******
Simon Adams yes it is and, depending on local laws, you may be required to declare it at departure and/or arrival
Ant ***********
Many expats use Wise to move currency around
Very good rate & fair fees
Home bank
To
Wise
( once in Wise convert to Thai baht )
Move to Thai bank
Very good rate & fair fees
Home bank
To
Wise
( once in Wise convert to Thai baht )
Move to Thai bank
Lin ******
Ant W Tailor I already have the required amount in my wise account. So I have to move it to baht before I transfer it to my Thai bank account ?
Chris *****
OPAnt W Tailor thank you
Laurie ********
Download the Wise app and also the daily currency exchange rate so you can gauge a good time to make the transfer
Chris *****
OPLaurie Firman thank you
John **********
Get a 90 day Non-O visa in your home country before you travel to Thailand. Once you arrive in Thailand open a Thai bank account and transfer the 800k baht into it. It needs to be there for 2 months before you can apply for the 12 months extension of stay. No need to carry that amount of cash
Paul ********
@John *********
I thought it was 3 months previous, with Bangkok they require 4 months, their own conditions.John **********
@Paul *******
I'm not aware of any immigration office that requires 3 months for a 1st extension, some want 3 months for 2nd and subsequent extensions. Bangkok Bank, which I assume is what you are referring to, is nothing to do with immigration
Alan **********
@John *********
Isn't it 2 months before extension and 3 months after ? And never going below 400K Baht ?Chris *****
OP@John *********
thank you
Barry ******
If you mean the best way to get the cash into your Thai bank account use Wise to transfer it into your Thai bank account.
Ling *****
Barry Kerr yes, i did mine this way too. 👍 👍 👍
Chris *****
OPBarry Kerr thank you
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