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expat finances
Showing 37 questions
This page displays all the results for the Expat Finances tag, sorted by the most recent activity. There are a total of 37 questions that have been tagged with Expat Finances. Explore the questions to find discussions and information relevant to this topic.
I have been doing the 800000 in the bank since I got here but am send over well over well over 800000 a year to live but not always 650000 in a month obviously watching the exchange rates and send more over when hi and topping up when need. My bank statement will show this. Can this be used as the 650000 per month as I herd they add all amounts together and divide by 12. But also herd they take monthly amount and go on the lowest amount sent. Can anyone give my best options to get my monthy income cover my visa requirements rather than the 8000000
Is anyone able to tell me what type of taxes you pay after retirement? I believe it has to do with the amount of income? Are you paying alot or a moderate amount?
🚨UPDATE on third-party banking options like DeepPocket and Moreta, often considered alternatives for DTV holders without Thai bank accounts.
Be aware, online banking apps such as DeepPocket and Moreta have recently become popular, attracting many users.
However, after a surge in sign-ups, DeepPocket has altered its terms of service. Now, the QR-Scan feature is limited to 30-days and they will charge you 399THB every month for it!
Additionally, I ordered and received a Debit Card through the mail after waiting over a month, only to discover it's valid for less than a year…
So, if you believed these apps could fully substitute for a traditional bank account, think again! I strongly suggest securing a Thai bank account for seamless management of daily expenses.
I had my doubts from the start, suspecting these offers were too good to be true. Beware of these dubious apps that suddenly appear, tricking users into signing up only to impose fees later on.
Potential problem discovered today. Some immigration offices may ask you for proof your bank deposit came from abroad. Many people use online banks like Wise. But Wise send from their Wise London bank to a partner bank in Thailand, and then on to your bank. So your deposit's code in your Thai bank is not from abroad. Immigration can therefore make this an obstacle - that needs overcoming - to get your visa. Note: not all offices or officers ask for this apparently.
UPDATE: According to others, it seems this problem has been solved by Wise giving an option to send "funds for longstay". If, like me however, you sent the funds before this option was available, the problem remains. You will most likely have to resend the funds from abroad. My local office will not accept the Wise (funds sent) statement as proof.
Has anyone else gotten this request and what did you do? I don't have any money just sitting in my bank doing nothing, it's all in stocks. If I sell 500,000THB of stocks and deposit into my bank will they accept that? Seems like a ridiculous waste of time