Thai Baht Transfers
- Thread starter Yorky
- Start date
Prakhonchai Nick
You chose a custom title
Just tentatively set up a 400,000bt transfer for mid April. No problems reported/no limits mentioned. Duly cancelled after
CO-CO
Rather wrinkly & occasionally cantankerous member
Sounds unlikely but, go on, what was the reliable source of this revelation.
Not sure if the source was referring just to WISE (Transferwise) transfers because, AFAIK, there is no such restriction on sending any amount of money from, say, a UK bank to ANY Thai bank. If so, the title of the thread needs amending.
WISE operating restrictions:-
How much can I send?
You can send up to 2 million THB per transfer.Please note that you can send 50,000 THB or above per transfer only to the following banks from 7 January 2022 due to regulatory changes:
- Bangkok Bank Public Company
- Kasikorn Bank
- Siam Commercial Bank
Not sure if Bangkok Bank is a reliable source but I asked them.....
What is the largest amount I can transfer into a Bangkok Bank account in Thailand?
"There is no limit to the amount of funds that can be transferred from abroad into a Bangkok Bank account.
However, senders must specify the purpose of the money transfer for every transfer, as commercial banks are required to report this to the Bank of Thailand on the client’s behalf".
Yorky
Fullritis Member
I didn't say it was a "reliable" source. If it had have been there would have been no point in asking the question.
However, the "source" stated it was a story in the Bangkok Post but I can find no reference to it.
CO-CO
Rather wrinkly & occasionally cantankerous member
Yorky
Fullritis Member
It was apparently reported in Bangkok Post and Thaiger a few days ago. Probably under "money laundering".
CO-CO
Rather wrinkly & occasionally cantankerous member
Probably not.
There is no proposal to "not permit transfers over 50k".........I suspect that you could smell the bu11shit when whoever it was, told you.
The banks have agreed to comply with new cyber security rules by June.
These include using facial recognition for transfers over 50k.
Nothing to do with incoming transfers.
Banks agree to comply with Bank of Thailand security measures by June
State-owned and commercial banks have agreed to comply with the Bank of Thailand
FERRET
WELL WORN MEMBER
I will check with my bank soon.Probably not.
There is no proposal to "not permit transfers over 50k".........I suspect that you could smell the bu11shit when whoever it was, told you.
The banks have agreed to comply with new cyber security rules by June.
These include using facial recognition for transfers over 50k.
Nothing to do with incoming transfers.
Banks agree to comply with Bank of Thailand security measures by June
State-owned and commercial banks have agreed to comply with the Bank of Thailandwww.bangkokpost.com
FERRET
WELL WORN MEMBER
As far as the three banks we deal with are aware, there is nothing planned or intended to limit ANY monetry transactions
domestically or internationally.
