What steps should I take if I received a credit advice letter from Bangkok Bank regarding a transfer via Wise?

@Mark *******

11% interest ?

@Mark *******

- you’re getting great returns. I plan to do both. Going to transfer the money anyway for living expenses to my

@Nick ***********

I agree!

@Jackie ***********

Im in the same situation

I want to change but might have to wait. It's hard to get a clear answer.

@Jackie ***********

you can't just go to any Kasikorn branch. You have to go to an International Trade Centre branch

@Jackie ***********

but what were you trying to achieve? It's come from source/wise, to kasikorn to Bangkok bank.

@Martin *********

with Bangkok Bank just ask for a Credit Advice. It is printed out as my example.

@Heinz **********

Wise had to change how they move money into Thailand. Even if you have an account at Kbank, they cannot put money directly into your account from overseas. Everything they bring in has got to go to their account at k bank before it is transferred to your account at any Bank in Thailand. So if you just need money for our normal purpose like buying a car or living expenses there is no problem they will still give you the best rate. What they cannot do is say that the money that they gave your account came directly from overseas. That means if you are looking to use this money to qualify for the long term Visa it is no longer going to pass the standards of Thailand immigration as of September 2025.

@Alex *********

not a problem as we were all newbies at one point here. Unfortunately there has been a shift in Wise transfers process. I experienced it for the first time this month when the normal notation of "transferred from overseas for a long term visa" was eliminated when the money instead of going directly into my Thai bank account accounts from overseas was instead being transferred from a Thailand bank. So the old routing was my US Bank to wise to to my Bangkok bank account with the notation intact that the money came from a foreign account. This would satisfy the requirements of immigration. This month the new routing was from my US account to wise to an account wise has in Thailand to my Thailand bank account. As the final leg of the transfer was from Thailand bank to Thailand bank, the notation of foreign transfer was eliminated.This means that this money does not meet the requirements of immigration. The only avenue I am aware of that allows for a direct transfer from a foreign account to a Bangkok bank account is Swift. The problem with the Swift transfer is that you go from a $16 fee plus a small hit on the US dollar to Thailand Baht conversion with Wise to a no fee transfer through swift. Sounds great doesn't it? Unfortunately, the fee for transfer is hidden in the hit you take on the conversion rate from a foreign currency to the Thai Baht. On the day of my Swift transfer, completed about 2 weeks ago, the official exchange rate of the Thai Baht was 31.74 and my actual experienced exchange rate through the Swift transfer was 30.78. that means that I lost $69 in money value with a swift transfer or about 3%. It is easier to not deal with this monthly transfer stuff by keeping 800,000 baht in a no interest checking account, but of course you lose the opportunity for appreciation in this scenario. By the regulation set forth by immigration, the money has to be free and available at any time so you can't put it in that term deposit. If you are married (to a Thai citizen?)it knocks down the deposit requirement to $400,000 baht. As my tax accountant told me never do something only to save money on taxes!