Answered2 years ago
What should I do if Wise no longer shows 'Funds for long term stay' for international transfers to Thailand?
I've been using wise to transfer to my Bangkok bank account for a while re the 65k+ pm method for retirement visa selecting 'Funds for long term stay' and it always shows as international transfer, all good 👍
However just been on wise and the funds for long term stay option is no longer there. Anybody had any problems with this? What reason for transfer are people using. Does it make any difference what reason you use?
However just been on wise and the funds for long term stay option is no longer there. Anybody had any problems with this? What reason for transfer are people using. Does it make any difference what reason you use?
Answer summary
A user reports that the option 'Funds for long term stay' has disappeared from Wise when transferring money to their Bangkok bank account for retirement visa purposes. Other commenters discuss alternative reasons for transfer, such as 'purchase of property', and share past experiences with different services like Remitly. There is debate about the implications of using certain transfer reasons and related regulations.
13 repliesnewest first
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Bob *******
Just checked long term stay option gone 🤷
John ********
The workaround according to Wise is to give the reason 'purchase of property' it then should show as an international transfer with Bangkok Bank
Robert ******
OP@John *******
so this company is happy for many of their customers to make false statements to answer a question which I assume some regulator somewhere is making them ask 🤔 I can't imagine this can have anything but a negative impact on their business into Thailand, madness 🤦♂️
Ron ******
@Robert *****
Property could be defined as anything you buy, it becomes your property. Yes I know the intent in the context on Wise means house, condos etc. Just thought I’d throw it in, think out the square so to speak 🤔John ********
@Ron *****
you are correct, and I am sure it isn't a problem. I just find it hypocritical for a Bank to tell you to lie about the purpose of a transaction one day and then demand all sorts of paperwork to prove you are telling the truth about a transaction the next
Kim *********
yes it does make a difference what reason you use. Previously it was only the option long term stay that showed up in the Thai bank account as an international
Paulus *********
It was still there Monday.
Bob **********
@Paulus ********
gone they say use purchase of property
Jay **********
I've used Remitly to transfer from US bank to Thai Bank it's quick and easy
Joe *********
@Jay *********
A good step changes a lot of wrong steps, you still have the chance to change your tomorrow if you're ready to do something different and good. Take the risk and play the game. Don't miss the management/ assistance of @Güveniş *******
Stuart *********
Join this group. Lots of posts there about the changes.
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