Is there a top limit for transfers to a Kasikorn account, I need to transfer £2000 approx' 80,000 + Baht to top up my account for my upcoming visit.

In regards the 800,000 in a bank for a retirement visa those funds have to come from overseas. Previously when transferring via Wise, there was an option on the drop down menu to say the reason for transfer was 'funds for long term stay' that would then show as international transfer with Bangkok Bank. However that dropdown option no longer exists with Wise. Has anyone else noticed this or know a work around?

Update: On the Wise site it suggests putting in purchase of property. However I emailed Wise and they replied saying either select 'Funds for Long term stay' or if it is not there (why do they not know whether it is there or not!?!) or Other and then type in 'Funds for long term stay'. However the APP does not let you do this, perhaps a few other regular users could email Wise and point out that they will be losing a lot of cutomers...

Update 2:

Having further questioned Wise below is their 2nd reply:

'....was able to run a further investigation and found out that we have made changes to transfer purpose list for customer sending THB.

We've updated the transfer purpose list to make it easier for them to choose. Rest assured, they can still make the same transfers as before, just with the new list of transfer purposes.

Guide to THB transfers

How to get your THB transfer marked as International Transfer by the recipient bank?

If your recipient Bank is Kasikorn Bank or Bangkok Bank:

Set transfer amount and currency to THB

Add recipient details

Choose Kasikorn Bank or Bangkok Bank Public Company as the recipient bank

Enter account number

On Transfer Purpose: select Purchase of Property

Review transfer details and Confirm

Select pay-in method, and pay for your transfer

You’re all set!

Your transfer should be marked as International Transfer in your recipient bank’s app, website, or passbook.*'

2 things to note. Wise is asking you to lie if you are not purchasing property, and they say your transfer SHOULD be marked as International Transfer, not WILL.

Anyway I have sent a small amount like this as a test...

Hello. I have some questions about 800k THB deposit for non-O retirement visa extension. My wife and I will apply for non-O retirement visa (valid for 90 days, single entry) at the embassy in our country before leaving for Thailand. After entering the country, we plan to open a bank account and do the international fund transfer to the account. Then, apply for 1-year extension in Thailand within 90 days.

My questions are

1. Is it required to provide the proof of international fund transfer for applying visa extension? Or a proof is not necessary and it is okay to bring in cash or bank check?

2. It is obviously not possible to keep the 800k THB deposit in a bank account for 3 months before the application because deposit will be made after entering the country. How can we solve this issue? Any idea?

TIA.

Has anyone had any success transferring money from Kasikorn Bank to Wise? I’m looking online and it looks like you can do it, but the instructions are confusing.

Morning everyone

Does Western Union have option to select long term visa payment the same as wise does

needing to make sure payment comes up as international transfer

Regards Scott

I intend to change my non O extension for retirement in 12 months time from 800k THB permanently parked in a Thai Bank (over 10 years now) to the monthly transfer of over 65k method)

First deposit already with valid receipt of transfer

How long must I wait before transferring this deposit to my “daily use account)

When putting 800000 bht into bank for retirement visa can anyone put it in from back home or does it have to come from your own bank account.

Not visa related if I use my wise account to transfer money to open Thai bank account but use a Thai sim card (different number) to one on account will my money still be transferred. Thanks

Transferred some money using Revolut (US based account) to Bangkok Bank.

It was more of a test, I transferred 20,000 baht.

I received 19800 baht in Bangkok Bank. It took 2/3 days.

Exchange rate:$1 = 34.714

Intermediary bank fees: 200 baht

Revolut fee: $1.73

Does this sound good to everyone? Is wise better? Are there better options than this?

Hello All,

My question is about the financial requirements for the type O-Retirement 12 month extension.

I have two Bangkok bank accounts, one for my visa requirement (account 1) and another for standard living expenses (account 2).

I just transferred 800,000 baht into my account 1 for the visa requirement, from the US, two months prior to my 12 month application of course.

I would like to transition to the monthly 65,000 baht requirement deposit so as not to keep the 800,000 baht in account 1 forever, just keeping account 1 with 800,000 for only one year while the monthly requirement is proven.

If I start transferring 65,000 baht, or more, to account 1 from the US for twelve months. Then move that 65,000 out and over to account 2 for living expenses. Does that meet the financial requirement?

Does it matter that the 65,000 baht is from a pension or can it be from my US savings account?

Does immigration require proof the 65,000 baht comes from a standard pension or do they just require a deposit from outside Thailand? My pension does not meet the 65,000 baht requirement but my US savings account does.

My hopeful result is transferring 65,000 baht from the US, monthly, to account 1 for as long as I live in Thailand.

Then move the 65,000 to account 2 and spend it to live here.

Not keeping 800,000 in account 1 once the monthly requirement is met.

Thanks in advance for your knowledge.