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...

Has anybody in this group used Wise to transfer funds for foreign-owned condo purchase?

Careful!!! I am asking about people's experiences and not their speculation. I know there is an option on the Wise platform to indicate the purpose of the transaction, and I know one of those options is 'purchase condo'. However, I am asking has anybody actually used it and gotten what they need.

Last week create a transfer of $100 US, I indicated that it was to purchase property(condo). A week later when I finally got the funds I went to my local Bangkok Bank and asked if the transaction meets their requirements. The lady printed the form with the transaction details and there is no mention of Condo Purchase. She told me it MUST be there for the bank to do what they need to facilitate the transaction.

Anybody with experience with this matter have any suggestions?