Welcome to Thailandblog.nl
With 275.000 visits per month, Thailandblog is the largest Thailand community in the Netherlands and Belgium.
Sign up for our free e-mail newsletter and stay informed!
Newsletter
Language setting
Rate Thai Baht
Sponsor
Latest comments
- Cornelis: The 'growing problem of overtourism'? One day they take measures to attract more tourists, the next day
- Lieven Cattail: Naturally. trumpet from the rooftops that Thailand is so 'Amazing' and invite everyone to take a look, m
- Johnny B.G: Hey friend, have you suddenly forgotten the human rights violations in China with their good lessons? Unfortunately, you confirm the image somewhat
- T: Apart from the number of flights and aircraft, it is almost impossible to add up, but fossils in aviation such as KLM and Lufthansa
- scarf: I have been living here in Isaan for 12 years, I no longer have Isaan food for me, it is not very tasty, and I sometimes wonder if this food is like this here.
- Rob V: Suddenly an inspiration: great to write a novel with all kinds of stereotypical characters, and the cliché events would be for e
- Pjotter: Price is about right for me (20 km south of Korat). I had a good contractor and the agreed price was 1,45
- Rob V: I completely agree with encouraging cooperatives, Johnny, because that makes my socialist heart beat faster. ;) But
- Johnny B.G: “– there is already a growth in contract cultivation (on the initiative of traders with China; durian, longon, mangosteen, rice) and
- Rob V: I'm half way through the book now. So far the main characters are walking clichés: white nose falls in love immediately, lady gel
- Johnny B.G: Being the last lies the problem but also the solution. Just do your annual ritual and come to the conclusion that
- Chris: A few notes: – Agriculture in Thailand is much more than rice. Expressed in dollars, the export of fruit and also of
- Ronny: In the region where my in-laws live, Natan in Ubon Ratchathani, the price per m² is 11.000 Bath fully finished. Payment
- Arno: The fact is that the farmer, with his toil, gets almost nothing for his rice and can barely cover his costs, let alone enough
- According to: With the simple technology in the rice fields, it has NOW become very expensive to grow rice. Set 10 rai. We had last
Sponsor
Bangkok again
Menu
Arrivals Bangkok Airport
DOSSIERS
Learning objectives and topics
- Background
- Activities
- Advertorial
- Diary
- Tax question
- Belgium question
- Sights
- Bizarre
- Buddhism
- Book reviews
- Column
- Corona crisis
- The Culture
- Diary
- Dating
- The week of
- Dossier
- To dive
- Economy
- A day in the life of…..
- Islands
- Food and drink
- Events and festivals
- Balloon Festival
- Bo Sang Umbrella Festival
- Buffalo races
- Chiang Mai Flower Festival
- Chinese New Year
- Full Moon Party
- Christmas
- Lotus Festival – Rub Bua
- Loy Krathong
- Naga Fireball Festival
- New Years Eve celebration
- Phi ta khon
- Phuket Vegetarian Festival
- Rocket festival – Bun Bang Fai
- Songkran – Thai New Year
- Fireworks Festival Pattaya
- Expats and retirees
- state pension
- Car insurance
- Banking
- Tax in the Netherlands
- Thailand tax
- Belgian Embassy
- Belgian tax authorities
- Proof of life
- DigiD
- emigrate
- To rent a house
- Buy a house
- In memoriam
- Income statement
- King's day
- Cost of living
- Dutch embassy
- Dutch government
- Dutch Association
- News
- Passing away
- Passport
- Retirement
- Drivers license
- Distributions
- Elections
- Insurance in general
- Visa
- work
- Hospital
- Health insurance
- Flora and fauna
- Photo of the week
- Gadgets
- Money and finance
- History
- Health
- Charities
- Hotels
- Looking at houses
- Isaan
- Khan Peter
- Koh Mook
- King Bhumibol
- Living in Thailand
- Reader Submission
- Reader call
- Reader tips
- Reader question
- Society
- marketplace
- Medical tourism
- Environment
- Nightlife
- News from the Netherlands and Belgium
- News from Thailand
- Entrepreneurs and companies
- Education
- Research
- Discover Thailand
- Opinions
- Remarkable
- Calls
- Floods 2011
- Floods 2012
- Floods 2013
- Floods 2014
- Winter prices
- Politics
- Poll
- Travel stories
- Travel
- Organizations
- Shopping
- Social media
- Spa & wellness
- Sport
- Cities
- Position of the week
- The beach
- Language
- For sale
- TEV procedure
- Thailand in general
- Thailand with children
- thai tips
- Thai massage
- Tourism
- Going out
- Currency – Thai Baht
- From the editors
- Real estate law; and
- Traffic and transport
- Visa Short Stay
- Long stay visa
- Visa question
- Flight tickets
- Question of the week
- Weather and climate
Sponsor
Disclaimer translations
Thailandblog uses machine translations in multiple languages. Use of translated information is at your own risk. We are not responsible for errors in translations.
Read our full here disclaimer.
Royalty
© Copyright Thailandblog 2024. All rights reserved. Unless stated otherwise, all rights to information (text, image, sound, video, etc.) that you find on this site rest with Thailandblog.nl and its authors (bloggers).
Whole or partial takeover, placement on other sites, reproduction in any other way and/or commercial use of this information is not permitted, unless express written permission has been granted by Thailandblog.
Linking and referring to the pages on this website is permitted.
Home » Reader question » Reader question: Why do I have to give a reason when I transfer money to Thailand?
Dear readers,
If I transfer money online to Thailand, for example via Transferwise or Werstern Union, a reason is asked (even for small amounts). According to Transferwise and Western Union, the Thai government wants to know. You then have a few options to choose from: such as a contribution towards living expenses or money to support the family, etc.
I wonder why is that? What is the Thai government's business and what about privacy? In addition, I think they can do little with it because I always deliberately give an incorrect reason.
Can someone explain to me why this is? Surely it is nobody's business why I transfer money to Thailand?
Regards,
Wolf
Yes, my bank wants to know that too. I don't think it's a requirement from Thailand but a local thing.
I get a menu with 8 options. I just randomly click on something. The monitoring by the government or central bank goes much too far for me. It's none of their business.
This is not requested via ING.
That's right, banks don't ask that, but Traferwise and WU do.
In the Netherlands this is also necessary.
This is partly to protect against scammers, who often use Western Union to remain invisible. Regular banks such as ING do not ask for this.
My Belgian bank, AXA, also asks that.
I have no problem with that.
Rabo doesn't ask, but in Thailand it is sometimes done, especially when I was building myself and larger amounts were transferred. When I asked the Bangkok Bank why they wanted to know: had to do with the exchange rate when investing you get a better exchange rate.
rabo asks that too
Strange, I transfer money from my Dutch bank to my Thai bank so often, even large amounts, nothing is ever asked. That the government would want to know that sounds like an excuse.
You may have heard of a country's capital and capital income balance sheet. Banks automatically provide a code and funds from bank accounts are not considered to be “money laundering”, because the sending bank should have already checked that.
Western Union, transferwise, cryptocurrency transfers are extra checked because the sender can hide.
With regularly recurring large amounts, they only check it to prevent money laundering and it is also used to place the amounts in the correct balance as much as possible.
Purely for statistics, just innocently keeping track of trade, gifts, etc. These are steering mechanisms for such an institution. You don't do anyone a favor by giving the wrong reason. Wrong statistics only lead to wrong decisions, and that doesn't help anyone.
If I give 25000 euros to a friend, for example, I have to pay more than 9000 euros in gift tax, according to me. So I wouldn't give that as a reason.
For some time now, Transferwise has stopped asking for it. Was a requirement of the government where Transferwise has its head office to have insight into money flows and to prevent money from being used for certain purposes. Most likely ineffective.
Ls
Apparently it depends on your bank, I have never been asked for a reason and I would not know why the bank would do that, it is never about tens of thousands of euros.
Previously when I transferred money to my girlfriend in Thailand I could no longer do this , the Western Union wilderness Hearst see my income statements. I couldn't transfer any more money because of that. This was a check whether I was money laundering or terrorist activities I was told. It wasn't about that much money, my girlfriend's livelihood. I thought it was exaggerated and ridiculous. But I still submitted a copy of my income to the WU bank. My girlfriend just wait because the investigation took 5 days before I could deposit again. Then gave money to a friend of mine and he transferred it for me. You could. It's a bit exaggerated I only deposited small amounts
A Surinamese friend of mine said. It's like shooting a cannon at a mosquito. I liked saying that.