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Why did my TransferWise funds not qualify for my retirement visa in Thailand?
Thailand VisaRetirement VisaBank TransfersTransferWiseKasikorn BankForeign Transfer RegulationsExpat Financial Advice
Oct 11, 2019
7 years ago
Judy *******
ORIGINAL POSTERIf you have used Transfer Wise to transfer funds I was unpleasantly surprised that beginning July they are “funneling” their transfer through Kasikorn bank. When the money got to my Bangkok Bank account it was no longer a foreign transfer and Immigration would not accept it toward my retirement visa. I had to go to a main branch of Kasikorn and pay additional fees for a letter to confirm the transfer. Lots of wasted time and money. I loved TransferWise but not so happy now TransferWis
TLDR : Answer Summary
A user experienced issues with TransferWise following changes that began in July, as their transfers were routed through Kasikorn Bank, which converted the transaction into a local transfer. This change resulted in their funds not being accepted by Immigration for retirement visa purposes. They also mentioned the need to pay extra for a confirmation letter at Kasikorn Bank. A commenter advised selecting the 'Long Stay Thailand' option when using TransferWise for funds intended for visa applications.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.
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Tod *********
Thanx for the update. Transferwise now has a choice when you transfer money that says "Long Stay Thailand" and that's the choice you need to select when you move money in for the purpose of using it as proof when you go to get your yearly extension,
Post on the f/b group called Transferwise Solutions.. That's where all the info about it is being shared.
Post on the f/b group called Transferwise Solutions.. That's where all the info about it is being shared.
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Tod *********
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