Reader Question: Are there any restrictions on transferring large sums of money to Thailand?

It doesn't matter how much money you send abroad, eg to TH, as long as it is a legal transaction. However, the bank does have a duty to report transactions in excess of EUR 25 if the bank believes that this is a so-called unusual transaction. If you are not known to the bank as someone with, for example, foreign business transactions above 25 K euros, the bank can ask for more information. With an amount greater than 25 K euros, the bank is obliged to check with the customer to what extent ordinary money transactions are involved. If you cannot explain this, the bank will report the transaction.
You could spread a larger amount. I myself have never sent more than 20 thousand euros per month to TH. It is also a good idea to inform the bank in advance of the number of times you intend to send a larger amount, even if that amount is less than 25 euros each time. This way you avoid misunderstandings!

Same questions, I would like to follow more responses.
BTW, Sabine

These amounts do not pose any problem.

If you want to enter cash money, mandatory above 10.000 euros, you must declare this money. If you collect the money from your bank, report this and you will receive a document.

With this document you go to customs at the airport upon departure and declare the sum of money.

Upon arrival in Thailand, at the airport, back to customs, and declare again. Don't forget to indicate it on your Arrival card. Your money is now freely available in Thailand. If you buy a car with it, for example, and your suspicious neighbor informs the police that you have quite a lot of money, you can demonstrate with that declaration that you have the funds available "legally".

You can also make an international transfer to a Thai bank account through your bank. Your bank will notify various authorities that you have transferred a “large” sum of money. If my memory doesn't fail me, in Belgium from 2500 euros.

When Citibank was still in Belgium, you could also put your citibank mastercard in the positive. I mean by that, in Belgium you could deposit 20.000 euros on your master card. It is not a credit line, your card is at 0 but you still deposit 20.000 euros. The advantage of this is that, when you use the card, as long as you have a positive balance, you do not have to pay any transaction costs if you withdraw cash or make payments with the card. Citibank Belgium has been taken over by Beobank, don't know if they, or other banks in Belgium or the Netherlands, still apply this.

I also once transferred a fairly large sum of money to Thailand for the purchase of a house. In Thailand nothing was asked about it, in the Netherlands I received a letter from the DNB and especially what I needed that money for in Thailand, just neatly reported the purchase of a home, never heard anything about it again. Received a Tor 3 form in Thailand so that the same amount can also be returned in 1 x. But bank informed me that I am free to transfer $20.000 any day with no questions asked, the bank could then possibly work with transfer forms pre-filled with different dates, until money was back in destination country.

You are allowed to import 20.000 dollars into Thailand without declaration, or that many euros measured to dollars. I would never take cash with me again so that I am obliged to declare in Thailand, especially because you are not yet in your place of residence at the airport, this to prevent problems along the way, you know what I mean with those officials. Done 1x, so many euros measured in dollars for free import, neatly declared at customs at Schiphol, proof of the bank included, etc, but what a mess they are there, they treat you like a criminal and I also said that, really almost 1 It took 1/2 hour for those customs (tax officials) to investigate everything and then also come up with a stupid story to excuse themselves.
So take cash with you, but just under 10.000 euros. You just have lower costs if you exchange than per bank transaction, but also a little more risk, they can rob you or something.

If you import so much money without declaring it, so much more than is allowed, then you can get into trouble in Thailand and you just have to prove how you got it, if you can't prove it, they will see it very quickly as criminal money and you go to bangkok hilton, yes and you really don't want to be there without money.

My advice is do everything legally, larger sums at least from bank to bank, if that happens they will not ask anything in Thailand.

But is it wise to have so much money in Thailand, didn't think so and especially after Jingluck's words that Thailand had so many foreign currencies in banks from investors that if there was a need there was actually no budget deficit for the government, there was even was a surplus. You can fill in yourself what that means and what happened in 96/97. Well she is no longer there but remains treacherous.

Dear Corret.
A Euro bill in Thailand.
In other words, you can always open an FCD account in THAILAND.
Whether in Eurooos or USD dollars.
You just have to leave a minimum of 500 Eur or USD in the account.
I have had both currencies for many years of living here at BAY bank .
In Thai it is called the Krungsri bank and has a yellow color.

Jan Beute.