Hey guys! I have a question. I hope it doesn't come across as confusing to you as it is in my head: I placed my dad in VivoCare, a dementia care facility, here in Thailand at the beginning of February. He's an 82 yo Army vet with a full pension and disability. Once at VivoCare, they helped him open up a bank account with Bangkok bank with 800,000 baht that I provided. That month, I started sending 70,000 baht into the bank account via Wise from his US bank account every month, and will continue as long as he's there.

They keep telling me that after his visa (not LTV) gets approved tomorrow at immigration, I must continue to deposit 70,000 baht into his BBK account every month (which I knew), but that I can withdraw the 800,000 baht or spend it on his monthly rent at the facility. That makes me nervous: Can I draw the 800,000 down entirely? Or does at least 400,000 baht need to stay in that account? What about the thing where 800,000 (400,000?) needs to stay in the account 3 months after approval? Or is that a different visa route?

I'm trying to figure out what Visa he's getting. But more importantly, I don't want to draw the money too far down below the 400,000 baht or draw it too soon if it'll mess him up.

Please explain it to me because I keep asking them and they keep saying I can, but his immigration money isn't something I want to play with.

Update - My other concern is that my krungsri account hasn't been able to receive international funds recently, I've been having to send my money to my partners account. Was planning to go and open a new bank account with K bank before I switch the visa.

Regarding the bank issues.. does anyone have any knowledge that if your bank account was opened with a student ed visa and you then switch to DTV, is the account still to be closed? I've had my Thai account for around 7 years but since opening it I've personally never reported when I've made a new visa. I plan to switch to DTV in a couple months but really need my Thai account 😶 long shot I know, but it there's any Intel it would be appreciated

American bank will charge 35.00 transfer fee to Thai bank and says same day wire with no atm fee. Would using wise be better and if so why. I have looked at the wise site. I appreciate all the help this group has given me so far

Just a head up for people with a Barclays Premier account in the UK.

Transfers are free from these accounts to a Thai Bank account.

Before you start

To complete an international payment you’ll need:

a PINsentry device

the IBAN or SWIFTBIC number of the bank you’re paying intoThey will

let you know how long the payment will take and if there are any charges before you confirm.

Today’s exchange rate is 42.93 GBP to the Baht

I know this doesn’t suit everyone but it’s for information purposes only

Also if you are trying to transfer 800k baht in from wise you can only do this in 50k baht increments so it’s a. Minimum of 16 transactions at approximately £8 for each one.

I’ll let everyone do the maths on this one

if I can't open a bank account, how will I get the money ?It seems confusing atm. Should I get some cash with me ? What's the max legal amount? Thank you.

Hello guys, i have Bangkok bank account for a while, but never used it before. Now i went to fix my online banking, and visited two separate branches to do so. Both of them told me different prices as a comission for money sending. First branch told me 100 baht the second one told me 1150 baht. Can you tell me how much of a fees you pay sending money with revolut and is there any specific way to avoid the SWIFT transfer?!?!

Does the money you send from overseas have to be regular payments or just be more than 800,000 baht for 12 months? Do you just get a letter of authorisation from the bank about deposits? TIA

Hello all.

Hope you can clear something up for me.

Renewed my 1 year Non-O based on retirement using the 800k on deposit method earlier this month and have started sending the monthly 65k minimum overseas transfers, to make 12 in total by next Feb.

Can I now take out the 800k, as I have another use for it, or is there still a minimum (400k) balance which must remain at all times?

Thank you.

Robert.

I’m going to be retiring to Thailand in May . Is it best to have social security deposited in US Bank? And then transfer funds as needed? If so is there a preferred bank for ease in transfers? TIA

Can anybody give feedback about a good bank to olen an account with in Thailand ,i guess one that gives you a card and doesnt charge too much for useing ATMs?? Thanks