I signed up for a language school and got documents from them and went to Kbank in Siam paragon and they opened the account with iBanking app immediately. There's a fee I think 300B
I don't know about the 50k baht limit, it is something new for me
For Kbank I don't think there's a limit in receiving any amount from wise. I have personally sent 25k baht to 30k baht from wise to Kbank many times, just gotta pay wise fee.
For bank to bank transfers no issues, did many times p2p crypto and accepted 100k onwards baht to my Kbank
pro tip if you haven't got a Thai bank account yet....
Before I had a Thai bank account I send thb to my friend's Thai bank account and had him / her to withdraw cash for me.
Usually fee is like 50baht max when sending let's say 1K usd equivalent. I ain't paying for 200-250baht ATM fees when trying to use a wise card to withdraw from local ATMs
Or simply when I needed cash I pay for meals or drinks in places that accept cards and then get my Thai friends to give me back in cash, in that way I'll never have to withdraw
But do check if they have enough cash on hand to return you first 🤣🤣
I'll get the tm30 done via the app within 24hours after the move and then I'll try 90 days online reporting. If it gets rejected I'll go in person then...
it's very transparent. There's no charge for Kbank when receiving a transfer
Typically you pay a charge for exchanging let's say euros (in your context) to thb
For illustration purposes:
Step 1: topping up thb in your native currency
E.g. they will show
800 euro -> 35,090 thb
Our fee: 30.53thb
Then the exchange rate is given (usually quite good, as good as Google's rate)
You will receive: 35,059.47 thb
Step 2: Sending the thb to your Kbank
Once you set up the transfer by profiling it as your own bank, account, you can select "Your Accounts"
Then the same thing:
You're sending 35,059.47 thb
Our fee: 30.XX thb
You will receive 35,0XX.XX thb.
Based on my experience, topping up usually instant (sometimes takes 30mins max), transferring to your own bank account is instant (at least for all the transfers I did)
My wise card is issued in Singapore, so maximum amount I can hold in my wise is 121K thb aka 5000 sgd. I'm not sure of the limits for UK wise account, but you can just go press Thai baht and enter a huge number and they will show you your limit.
All in all, I think wise is easy to use and transparent when converting local currency to thb. I've been using it before I gotten my Kbank account and using the wise card for payments in restaurants.
Of course now that I've got my Kbank, I just QR code payment everywhere 🤣🤣🤣🤣
I use wise and top up sgd for Thai baht and send it directly to my Kbank. Found it to be cheaper compared to me buying usdt using sgd and then exchanging usdt to Thai baht
Of course sometimes I have extra usdt and needed thb I just sell in binance p2p for thb
for TM30 u need to download section38 app from iOS appstore or android playstore. Do note that you must change your region to Thailand else u might not be able to find the app.
quick update. While waiting for the queue at immigration I managed to get the username password for the section38 app.
Previously they sent me the email but when I click to confirm email address, the webpage wasn't working.
After having the login details i quickly register myself as a resident but the date of arrival can only be put today.
I left it as today and expiring at the end of this current rental contract
Went up to do the 90 days report in person and it was smooth af and no issues. Will def bear in mind to do the tm30 within 24 hours or force my landlord to do it for me
From what I know many of the landlord refuses to provide the blue book or register a foreigner as a resident of their place because they don't wanna pay additional tax
will bear in mind for TM30 I need to file within 24 hours after I move to new address
For now I'm still staying at my old address and this is the first time I have to do a 90 days report because I exited country and re entered, so naturally it counts as 90days from the latest arrival date. Not sure if I'll get fined this time because of tm30.
I did all previous extensions without a problem using this address and docs provided by my language school
