Recent change in Wise to Bangkok Bank ‘International Funds Transfer’ tagging.

Prior to this month transfers Wise to Bangkok Bank took 3-5 days but where tagged correctly as ‘International Funds Transfer’. However this month the same transfer occured in seconds and appears to have been routed through Kbank and then received at Bangkok Bank as a local bank to bank transfer.

Note: the Wise process did not stop to ask the reason for transfer which I previously tagged as ‘funds for long term stay in Thailand’

I am on the NON-O retirement extension based on 65,000 thb monthly. I am concerned that Bangkok bank will not be able to provide a document for the next extension identifying 12 monthly international funds transfers.

Note: I will print a receipt from Wise each month and save. Remains to be seen how this new change will play out.

Would like to extend my thanks to the group . I am mainly a reader of postings and really not a poster but after reading so much on the banking issue I thought I'll post about my experience today in opening a account with KBank in prachuap khiri khan.

I mainly went there for info on what they required in way of documents to open account. Had a lady greet me when I entered the bank told her I was looking at opening a account. From there she took charge luckily I had the required documents on me.

Passport

Visa non o type

Residential lease

Within a half hour walk out with new account, card and passbook supplied and with online banking setup in there app .

I had my thai girlfriend with me that help in translation which proved to be very helpful

Overall couldn't of asked for better service and would highly recommend to anyone looking for a bank account

Cheers

How do you transfer 800k to thia bank when it says 50k limit kbank

K bank account opening question. I’m visiting Pattaya to visit friends today, travelling from Phetchabun. Has anyone opened an account in Pattaya on a non O retirement visa with Kbank recently? If so which branch was it? My local branches refused me due to their particular rules.

Thanks in advance

Any idea if this will impact inbound transfers?

Kplus — Can no longer transfer more than 50k thb per “day” anymore, all I ever used the account was for getting money from Europe, twice a month for many years on average with out issue to pay the wife and bills. This is despite me using a correct simcard and already did facial scan at the bank a while back. Probably gonna take a few days to move funds out gonna switch banks. This is utterly ridiculous. Been with them for 4 years with no issues. Luckily, I have four other Thai banks with no such limits. Only been using K plus because they are usually the fastest for international transfers might keep using them. Hopefully inbound won’t be impacted. I don’t think so, but won’t be using them for storing money or paying bills.

Kplus — Can no longer transfer more than 50k thb per “day” anymore, all I ever used the account was for getting money from Europe, twice a month for many years on average with out issue to pay the wife and bills. This is despite me using a correct simcard and already did facial scan at the bank a while back. Probably gonna take a few days to move funds out gonna switch banks. This is utterly ridiculous. Been with them for 4 years with no issues. Luckily, I have four other Thai banks with no such limits. Only been using K plus because they are usually the fastest for international transfers might keep using them. Hopefully inbound won’t be impacted. I don’t think so, but won’t be using them for storing money or paying bills.

In regards to the transaction limit on a KBank bank savings account. I've just spoken the KBank they confirm the single transaction limit is 50kthb with the total daily limit also 50kthb. He said there is a project at the bank to apply face recognition to the account at which time they will allow higher amounts.

Also if you have a debit card on your account you can make purchases up to 500kthb depending on your credit with the bank, so can make purchases at shops and the like. This seems high to me but I asked him twice. Cash from a ATM is 30kthb a limit of the cash machine. He also said you could make transfers on the card up to 1m. Really?

KBank sent there new T&C through some 30 pages, however, asked a AI chat to find a summary, part of which was interesting.

Banks and financial institutions are required to report to the Revenue Department if a customer’s accounts have 3,000 or more deposit/transfer transactions in a year, or 400 or more transactions totaling 2 million baht or more, to ensure tax compliance.

Large cash transactions (e.g., 2 million baht or more) must be reported to the Anti-Money Laundering Office (AMLO).

What KIND/TYPE of statement do I need to request from KBank to show proof of seasoned funds from a foreign source?

For those that don't have a Thai bank account and want to use the QR code for payments, you can now use tagthai that uses KBANK. For info go to