How To Transfer Funds to Thailand STEP 1 – PREPARATION If you are planning to live in Thailand, you may wish to buy your own condominium. As with any property purchase you will need to prepare well before taking the plunge. STEP 2 – FUNDS TRANSFER If you want to transfer funds to Thailand, our network of international branches and foreign correspondent banks will deliver your funds quickly and directly into any Bangkok Bank account. STEP 3 – BANGKOK BANK SOURCE OF FUNDS DOCUMENTATION When buying a condominium in Thailand, you will need to show the source of the funds by obtaining either a Foreign Exchange Transaction Form or a Confirmation Letter of International Funds Transfer from your bank. This document is presented to the Department of Lands when registering ownership. OPENING AN ACCOUNT Opening an account with Bangkok Bank is easy – visit any Bangkok Branch with: Your passport; and either A work permit; or Any official identification card or document that confirms your identity, such as your .drivers licence, social security card, bank statement, utility bills or documents showing ownership of a fixed asset, condo sale/purchase agreement etc. TRANSFER AMOUNTS There is no maximum transfer funds to Thailand. However, to comply with Bank of Thailand regulations you must instruct the sending bank to specify the reason for the funds transfer in your funds transfer instruction ‘to purchase a condominium’. Bangkok Bank will report this to the Bank of Thailand on your behalf. We hope this information has been useful to you.
Posted on: Sat, 09 Aug 2014 02:46:30 +0000
Trending Topics
Recently Viewed Topics
© 2015