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sabaijai, on 2012-04-05 11:41:34, said:
Since when? I received stuff about 2 weeks ago.
Posts I've Made
In Topic: Atm Transfers After 10Pm
2012-04-06 16:04:22
4evermaat, on 2012-04-05 09:42:37, said:
......
perhaps someone from Bangkok bank can comment, but i don't remember having problems at the CDM machine. But ATM/internet instant transfers may be disabled during maintenance period, which appears to be 8 hours 22:00-06:00. Not sure if you can schedule internet transfer for the next day.
at the atm, you would need to withdraw and then deposit the money into the CDM. Maybe test with a small amount first to make sure CDM is operational?
perhaps someone from Bangkok bank can comment, but i don't remember having problems at the CDM machine. But ATM/internet instant transfers may be disabled during maintenance period, which appears to be 8 hours 22:00-06:00. Not sure if you can schedule internet transfer for the next day.
at the atm, you would need to withdraw and then deposit the money into the CDM. Maybe test with a small amount first to make sure CDM is operational?
As I understand it, CDM and Internet banking transactions between banks are switched and settled by two different entities. One supports 24 hr transactions, the other doesn't.
In Topic: Atm Transfers After 10Pm
2012-04-06 15:59:30
creck, on 2012-04-03 16:49:46, said:
Recently, I found I could not do an ATM transfer between my own (Bkk Bank) accounts late at night.(Can't remember the exact time) I just got a very general message saying there was something wrong with the amount or the action I had requested. I reduced the amount but could not get satisfaction until the next day. It seems the time restriction applies within (at least some) banks as well as interbank.
Edit:
Internet international transfers I have done, seem to be restricted to the working hours of the sending Bank. I have assumed that anti laundering regulations require human supervision.
Edit:
Internet international transfers I have done, seem to be restricted to the working hours of the sending Bank. I have assumed that anti laundering regulations require human supervision.
Its currency risk they are concerned about, not money laundering.
In Topic: Some Thai Banking/Tax Questions
2012-02-04 15:08:58
chiang mai, on 2012-02-04 09:02:53, said:
I suppose another approach might be to put everything you have into a single savings account and watch as the interest is paid (usually monthly) and then switch the account to another account or bank before you reach the 20K limit. The most effective solution though is to do what you're doing presently, you've got the benefit of the higher rate, it's fixed for a defined period, plus, you get your tax back, that's a win win scenario with only a slight inconvenience of having to deal with the tax folks.
Most savings a/c are paying 6-monthly interest, no?
The underlying concept for the different treatment for fixed and saving is that its assumed that only wealthy people have fixed accounts - therefore tax all, and let the energetic folks go claim the deduction.
There is also a little known catch - all though in reality I'm not sure how many banks actually follow the rules, - that says - if you have a standing order between your accounts, e.g. an automated instruction that regularly passes an amount from your saving a/c to your fixed a/c., then the tax will be charged on the saving acct (the source of funds a/c) from the beginning - the 20k allowance doesn't apply.
So the best thing to do to minimize tax and optimize returns is to open a daily trading money market fund and keep any surplus liquidity in there; and keep the minimum balance in your saving a/c.
