This topic is locked 3 replies to this topic

[astral]

If you are planning to transfer large sums of money to Thailand in order to buy property
you should be aware of the Offshore and onshore exchange rate differences thread.
It can have profound implications for your transfer.

This post is purely for the link.
If you have comments to add please follow the link and post there.
Thanks

[Maestro]

When you remit USD 20,000 or more, or its equivalent in another currency, ask the bank to give you the Foreign Exchange Transaction Form. Some bank staff may not know it so you will have to show them an example of the form. On the website of the Bank of Thailand it is currently available at this URL:
www.bot.or.th/Thai/ForeignExchangeRegulations/Report%20Form/Report/FX_TranForm.doc

I also attach it as a PDF file.
 FETF_Foreign_Exchange_Transaction_Form.pdf   94.7K   136 downloads
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Maestro

[Maestro]

For remittances from abroad of less than USD 20,000 or its equivalent in another currency you can get a credit advice from the receiving bank in Thailand indicating the sender and recipient of the money. Below is an example of such a receipt:

 credit_advice.gif   110.53K   163 downloads
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Maestro

[Maestro]

Update about the FETF

The minimum US dollar equivalent for which the FETF can be obtained has recently been increased from USD 20,000 to USD 50,000. The new form, identical to the previous one with the exception of the increased amount, can be viewed at the same URL as the old one:
http://www.bot.or.th...FX_TranForm.doc

I attach the new form also as a PDF file:
 FETF 2010.pdf   68.77K   85 downloads