Martin ******
This is a summary of
Martin ******
's contributions to the platform. They have posed 2 questions and added 28 comments.

QUESTIONS

COMMENTS

Martin *******
@Gido ********
Having a second option is a good idea anyway. I heard of blocked Wise and N26 accounts. If that happens you're happy to have a second option to transfer money. It never happened to me though.
Martin *******
N26 uses Wise in the background for international transfers. However, they add a small fee. I use N26 for credit card payments and Wise for transfers.
Martin *******
I thought the same. It's worth considering as an alternative option. The downside might be that it's more difficult to open bank accounts as it's considered a tourist visa.
Martin *******
Use normal international bank wire transfer for large sums. It's safer and cheaper than wise or other services.
Martin *******
@Benjamin *****
happened to me too. The immigration officer was visiting me at my registered address in Phuket.
Martin *******
@Stef *********
note that opening a foreign currency account needs some time. I had to wait three weeks for the bank book of my foreign currency account at bangkok bank.
Martin *******
What you're saying supports what I said above. To kick start the economy they have to weaken the currency. That's why I put my 800k bath in a foreign currency account like CHF.
Martin *******
@Kool ******
that's right, you need to put a bit more in the account as a buffer. But I bet that there will be quite some devaluation on the bath to kick start the economy after the pandemic. A strong currency might be the better option long term.
Martin *******
The account where you deposit the money for the retirement visa can even be in foreign currency.