Dear Ronnie,
Attention has been paid to the use of Transferwise before. I also used this to transfer money from my Dutch bank via them to our Thai bank. With great satisfaction.
Since this year, my immigration office in Aranyaprathet requires me to prove my monthly income with the visa support letter from the embassy and a bank statement from a Thai bank. I have now opened an account in my name only and started making monthly deposits directly from my Dutch to my Thai bank, clearly showing that the money comes from abroad. I did this in order not to run any risk and my extension was granted last week on the basis of this, among other things.
At the moment there are clearly less baht on my account.
My question now is whether there are TB readers who use Transferwise for their extension of stay (retirement) and get this approved by their immigration office.
Regards,
Rob
Dear Rob,
I also use Transferwise, but at the moment only my “Income Affidavit” is sufficient and I also do not have to prove actual monthly deposits.
I therefore leave it to the reader who transfers his money via Transferwise and their experience with this when applying for an annual extension.
Regards,
RonnyLatYa
Have been doing it this way for years via transfer, but I live in Nongkhai, do wonder if they can see if it comes from abroad, never had any nagging about this in Nongkhai.
The Best
This has not been marked as an international transfer on your Thai account since July this year.
In order to see it as an international transfer on your account, you must state the reason for transferwise
used to transfer the money change to the last option. I don't know the literal text by heart, but I am so in the trend of proof of funds for retirement visas in Thailand.
With this option, your transfer will appear as an international transfer, if you choose another reason, the transaction will no longer appear as an international transfer.
regards George
Those options of International transfer only seem to work with Bangkok Bank and not with other banks I understand.
Next week I will apply for my Marriage extension for the first time based on my income, but with a letter from the NL Embassy. According to Immigration in Sakon Nakhon, that should be enough.
Dear Timker
I do indeed have Bangkok bank and it works there.
I don't know if it works for other banks.
So you have to try it out for yourself.
regards George
TMB bank also works. The advantage is that it is 30% owned by ING. It works for me in Uttaradit. Never had any problems/
The big question is of course what the authorities take as evidence and I cannot imagine that sending money from abroad and depositing it into your own Thai bank account is not accepted. It doesn't matter whether you do this through your regular bank or via Transferwise. You can make a print of your transaction and it will contain everything that is important for evidence. Even written in English so it can be read by many. The amount of money, the date, the sender, the beneficiary and so on. This in combination with a printout of your bankbook should be sufficient, otherwise my clog will break.
Jacques,
Many wooden shoes, made of the hardest wood, have already been broken here in this beautiful country….
Yes, it is accepted.
The Best
At the moment it is still not necessary to provide proof
of deposits to your thai account.
This only applies if you cannot provide an income statement
getting from the embassy like that with British and Americans, among others
the case is.
However, if you do not trust it, you can find out the reason at transferwise
why you are transferring the money ( a mandatory option ) change to the
last option listed here.
This option (and I don't know the literal text by heart right now) causes the transfer
on your Thai account as an international transfer.
Dear George,
That is not quite correct what you write.
You may not need proof of deposits in some immigration offices, but you definitely need it in Samut Prakan.
Here you must be able to prove that you either have 800.000 baht in your Thai bank account or that a minimum monthly amount of 65.000 baht is deposited into your Thai bank account from abroad. (or combination)
They accept this here and nothing else!
A Dutch or Belgian bank account into which the equivalent of 65.000 baht is deposited monthly in combination with an affidavit or income statement from the embassy is also not accepted in Samut Prakan.
Goodbye,
Geert.
Dear Gert
Here in Cha am the income statement is sufficient, I use the combination method and more if the up to date bank book is not required here.
Regards George
At some immigration offices, proof of monthly deposit is still required, despite a letter of support from the Dutch Embassy.
Made a printout of my ING account in NL of the pension coming into this account and debiting it to TransferWise.
From the same transfer a receipt printed from Transferwise of the transaction to the Thai bank.
And from the Thai bank a printout of the receipt on the Thai bank account.
Fine, according to Khon Kaen.
Rob's proof of monthly income has nothing to do with monthly deposits. That is also very expensive!
The rule is that you must prove that you have an income of 65000 baht per month, as follows:
1. A letter from the embassy that you have income. To this end, you send a copy of your annual statements from the previous year, in the amount of 12×65000 baht, to the embassy and they will then send you the so-called Visa Support Letter. You must submit the original to Immigration.
2. If the income is not sufficient (remember the exchange rate, currently 1 euro is approximately 33.3 baht) you must submit a letter from the Thai bank showing the difference. This balance must be in your Thai bank for at least two months. Such a letter costs 100 baht at the Bangkok bank. And, if you are married to a non-Thai woman, the amount on the account is divided by two, so they only count with half of the bank balance if the account is in two names!!
3. If you have no income or would rather not declare it, you must submit a letter from the bank showing that you have 12×65000 baht (780000 baht) in your account at least two months before the submission date to Immigration. and here too the following applies: if you are married to a non-Thai woman, the amount on the account is divided by two, so only half of the bank balance is taken into account if the account is in two names!!
The simplest is of course to request the letter from the embassy with the embassy form. From the embassy it takes about 4 working days.
I hope I was able to help.
Aad van Vliet, ad 3), has that changed? That was 8 tons baht………
1. “…proof of monthly income has nothing to do with monthly deposits.”
Not right.
You can indeed prove a monthly income by proving monthly deposits of 65 Baht from abroad. Proof from your embassy is then not actually necessary. This method was just introduced at the beginning of this year to accommodate applicants who can no longer obtain proof of income from their embassy. Please note. The monthly deposits must be regular (around the same date every month) and be at least 000 Baht if “Retired”. The combination method (deposits/bank amount) is normally not possible according to the rules (but it depends on what your immigration office is willing to accept in that case, of course).
For married couples, monthly payments of at least 40 Baht will suffice.
2. “…if you are married to a non-Thai woman, the amount on the bill will be split in half.”
Half right.
Indeed, when using a joint account, only half of the amount is allocated to the applicant (note that not all branches accept a joint account). But it does not matter in itself whether that is a Thai or foreign partner who is on the joint account.
If you are married to a foreign woman (not Thai), you can use the “dependent” method. Only the applicant must then meet the financial requirements. The partner does not have to provide financial evidence.
3. “..submit a letter from the bank showing that you have 12×65000 baht (780000 baht) in your account at least two months before the submission date to Immigration”
Not right.
It is at least 800 000 Baht in the bank that counts if you only use a bank amount to prove your finances. The calculation 12×65000 Baht (780 000 Baht) you make has nothing to do with this.
Thanks for the responses. Coincidentally, I read elsewhere the tip to choose the last option indicated by Transferwise. As Jacques also points out. I made a transfer that way today. When the amount has been received at my Thai bank, I will check with my IO whether this is ok.
Incidentally, my IO wants to see both a visa recommendation letter from the embassy and the monthly deposits in a Thai bank, showing that they come from abroad. Quite strange actually. But you won't hear me complain. I went to inquire about the requirement to have a Thai bank account in September. The employee indicated that this was already mandatory from March. He agreed that with my extension in December I could show at least the three previous months. I have now received my stamp with the comment that I must show 12 months of deposits on my next renewal.
In Nakhon Phanom, the visa support clearance from the Ned. Embassy
You can also open foreign accounts with Transferwise, in various currencies with bank account numbers, so that it is visible as an account in, for example, the USA.
Going again next week for my extension, 800.000 BHT in the bank, all transactions done via transfer requirements, living in Nongkhai, keep you informed. gkhai
If you only use the bank amount of 800 Baht, you normally do not have to prove that amount with foreign transactions.
Well :
– Bank letter that it is indeed on your account.
– That it has been on long enough.
– That it is still there on the day of application
But your experience with Immigration Nong Khai is always welcome of course.
I got a year extension last week.
I have submitted the visa support letter from the Dutch embassy and a printout of my net monthly pension.
I also had a copy of my bankbooks, bankbook with recent savings amount and a copy of deposits from Transferwise. None of this was necessary.
It went fairly smoothly, although I had already completed the forms with copies from last year at home.
What a hassle above!, just open an account in Thailand and deposit the 800.000 BHT into it, and let it rise, year after year, who cares, a nice savings for maybe later, have deposited more Bahtjes myself, because you never know here, TiT.
People are still allowed to decide for themselves how they prove the financial part.
Those are all legal ways and there's nothing wrong with that.
But you're right about that last one
“…because you never know here, TiT.” And that also applies to your 800 (or more) Baht (as you call it).
Aad van Vliet, even if you are married to a Thai, the amount of an account in two names will be divided in half, so at least 1.6 million, for retirement extension.
Erik it is primarily about the MONTHLY AMOUNT not about the annual amount. The embassy bruef is also expressed in monthly income.
You may be right about that, but I have no experience with it.
By the way, the official name is Extension of Stay.