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financial regulations
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Just read this and thought useful for some who deal with Bangkok Bank
Bangkok bank told us that since 1 July, they require you to have the money in your account for 4 months (!!), before they can issue a letter that confirms proof of funds for various visas. And if you do not meet this 4 month requirement, they will lock the funds in your account for an additional 4 months, before you can access it; while giving you the right papers that you need for immigration (proof of funds for 2 months). Its not an immigration or visa requirement, but rather a banking requirement to deter money laundering and people using agents (that is what they told us)
I was told by my visa agent today that if I deposit 500,000 into my Bangkok Bank Account, they will hold that money for 90 to 120 days. Regardless of where it came from or where it is going.
If that is true, What the Fck is going on here?
I have seen reports that differ... Can anyone comment with actual first hand knowledge of the situation? Please don't waste my time with comments that are unrelated to the question asked.
Alert!: Thai wife visa: I just extended it, with, as usual, the 400k on my bank account. Bangkok Bank says they will block it for 6 months! Indeed, I see I cannot use the 400k! But I read nothing about this new rule in the immigration website! Any idea? Thanks
Has anyone experienced issues transfering funds from Wise to any Thai bank account recently? I’ve done many transfers before but all of a sudden it was returned and unable to proceed with the transfer.
Am I missing something here . Thailand requires me to deposit 800,000 baht into a Thai bank account to get my retirement visa. After 180 days they can then tax my 800,000.