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Messages - fceligoj

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1

You may want to read this on the possible 10-year retirement extensions and no 90 day report being pushed by Big Joke.  Big Joke was interviewed.  The information of interest is near the end of the article.


http://www.khaosodenglish.com/featured/2019/01/16/superstar-cop-big-joke-on-his-rise-and-plans-for-expats-visas/







2
Newbie Q & A Getting settled in KKC / Re: TransferWise
« on: January 18, 2019, 08:37:48 PM »

I am in agreement with Kowpot on Bangkok Bank since I use it exclusively.  What shows up in your BBL bank account when using Transferwise is an "international transfer" ID.  Also, the only transfer cost for you is what TransferWise charges.  Bangkok Bank charges 'zero".


When all is said and done with, wish I would have known about TransferWise earlier.  On the average, I get 200 baht more per $1000 transferred using TransferWise instead of going directly from my US Bank to my Thai Bank.


BBL and its insistence in using the IAT format instead of the Domestic ACH transfers that I was doing from my US Bank to them before (1 April no more Domestic transfers), forced me to look for the alternative, TransferWise.  So BBL gets no convenience fee or deposit fee for any size transfer now.


Having the "
international transfer" was exactly what the supervisor at the KK Immigration Office for which they will be looking told us when we went in to talk to her.

3
Newbie Q & A Getting settled in KKC / Re: Bank Account
« on: January 16, 2019, 07:22:49 AM »

I had a very similar experience as Screamer, but it was at the Sri Chan Main Branch.  We (my wife and I) went in to set up a direct deposit account for depositing my US Social Security monthly pension payment so it would transfer in the correct IAT format.  I needed my US Passport to do it and my other bank account book.  While we were there, the assistant who handled a majority of the administrative details, went online to my other account (which had been opened years ago in Bangkok using my non-immigrant O-A visa) to get the personal information and saw that my address was an old one and then changed it to my current address, no identification needed.


Now here is a negative, which I am not sure that other Thai banks have the same rules or not.  AND I just recently found it out.  Since my main account is from Bangkok (a different region), if I use a teller to transfer funds from a Khon Kaen-established bank account to one from a different region, there is a second charge called a 'commission'.  This really irked me.  If I do it online, no charge.  I guess a 'personal' touch costs!


4

Terry, I went on this website to check it out.


http://www.mfa.go.th/main/en/services/4908/15385-Non-Immigrant-Visa-%22O-A%22-(Long-Stay).html


Here is the opening sentence.


Non-Immigrant Visa  O-A (Long Stay)
     
     This type of visa may be issued to applicants aged 50 years and over who wish to stay in  Thailand for a period of not exceeding 1 year without the intention of working.

5
Thanks, Terry.  Sounds like Siam Legal does not want to recognize the Non-O-A Visa.  It probably is not in their best interests for a person to have one.

6

Terry, 1 - how hard is to get a one year O-A Visa today?  Secondly, how often can you renew an O-A Visa before they say no more?  I see you can extend it for 3 months before the expiration date.


If you look at the SiamLegal site on 1 year O-A Visas, there are some qualifiers.  Unless they are 'blowing smoke', some of the issues presented are harder than the Retirement Extension.  I had read somewhere you may have to meet certain financial criteria.


https://www.siam-legal.com/thailand-visa/1-Year-Thailand-Visa.php


7
Screamer, so it is not someone's assumption, why don't you go with your significant other to Immigration and ask to talk to a supervisor.  At least then you should get a straight answer without an intermediary.

8
It used to be that the bank letter certifying bank deposits and ending balance cost about 500 baht.  It has been a long time since I had to get one so maybe the cost has gone up.

9

Savannah, your guess is as good as mine.  Trying to ask the supervisor about the letter from the bank, I got a non-answer.


Prior to this meeting, I had to go to Bangkok Bank to fix a transfer I made from one BBL account to another (my direct deposit account) which does not allow you to do any online transfers out.  So while I was there, I asked them to provide me a copy of the transactions in my savings account.  Cost me 100 baht.


When I went to IMM, I showed her the transaction list and her comment was, "This is exactly what we need plus a letter from the bank."  She also asked if she could keep a copy and use it as an example of their requirements, which of course, I did.  (Need as many friends at IMM as you can have!)



I expect the letter form the bank is similar as what is provided when using the 400,000/800,000 baht approach for seasoned money.


Rex, I took the English copy of the directive and the bank manager was not interested in the English version.  As normal, knows very little English.  Maybe if a copy of the directive in Thai would work.

10

[font=&amp]"Nothing in Thailand is Ever Cast in Concrete, So Take This Information with a Grain of Salt."[/font][/b]
 
 
  [font=&amp][/size]Once I saw the notification on ThaiVisa that an official translation of the new directive was avilable, decided to go to Khon Kaen Immigration and speak to a supervisor there on their direction to implement.  We (my wife and I) had an excellent conversation with the supervisor.  They will be implementing this direction.[/font]
 
 [font=&amp][/size][/font]
  • [font=&amp][/size]
     They will accept a copy of your bank book where on the average for the 12 months prior to your request for an extension is 65,000 baht for retirement (40,000 baht for family.)  This is as long as the monies being transferred into the account are identified as "International Transfers."  Domestic transfers do not meet the criteria.  They would prefer that in each month at least the 65,000 or the 40,000 baht respectively can be seen as transferred for that month.
    [/font]

 [font=&amp][/size]2. They also require a letter from the bank where the specific savings account (or other type of account) certifying the transfers being made.[/font]
 [font=&amp][/size][/font]
 [font=&amp][/size]3.  All the other normal paperwork has to be submitted at usual.[/font]
 [font=&amp][/size][/font]
 [font=&amp][/size]There is one exception.  If the individual has just recently retired prior to requesting an extension, it has to shown that for at least the three months prior to the request for extension, the correct funds (International Transfers) have to be identified in the account and the letter from the bank certifying said amounts.[/font]

11
Open discussion / Re: Bowling Lanes in Udorn to Close 1 January
« on: January 07, 2019, 03:51:15 PM »

My wife and I went to Udorn for New Year's Eve.  Of course, we went bowling since we had assumed they would be closing the next day.  Well, they have been given a reprieve of about 2 months.  The staff expects to be open for at least into March.  so if you are a bower, you have a couple of months to support that itch!


When we were there, they did not have any specials going on the 31st and also did not have any on the 1st.  The manager did work a deal since we were good customers, and provided us with 5-6  two for one coupons, which effectively dropped the price to 70 baht per game.

12
Open discussion / Re: US Bank (PNC) New Online Security
« on: January 05, 2019, 08:18:39 AM »
I have to use my VPN to access Aetna Medicare.  If I don't it goes into Never, Never Land!

13
Visas, et al / Re: Unwritten Rule for Marriage Extensions
« on: January 05, 2019, 08:16:44 AM »

avocado, thank you for clearing it up.  So in simple terms, Form 8938 has to be submitted only if your foreign financial ownership exceeds $400,000 at the end of the year, etc.  So if you use TurboTax, they will know what to do, right?


Now turning to FBAR, you do not mention when your foreign financial ownership exceeds $10,000.  Is it anytime during the tax year or at the end of the tax year?  Can you expand?  I do not plan on having my foreign financial ownership to exceed $10,000 at the end of the tax year in 2019.  I need the 800,000 baht (or about $25,000) from June 10th to September 10 only.

14
Mudguard, check your msgs.

15
Visas, et al / Re: Unwritten Rule for Marriage Extensions
« on: December 30, 2018, 05:23:15 PM »

But there is an issue for US Citizens and the tax laws of the US.  One has to report with their Tax Return form(s) for the year at any time one exceeds a $10,000 threshold in any foreign investment including bank saving accounts.  So if an American citizen puts either 400,000 baht (about $12,300) for any length of time as required for a marriage extension, then he has to report it and any interest paid (more of a pain in the a** than anything else.)  For a retirement extension then with 800,000 baht (about $24,600), the amount for reporting and the interest paid is greater (not much but it is.)  Not only that the Thai bank is legally required to report the interest paid to the US IRS.  The law is called 'FATCA'.  Of course, this was passed under the Obama Administration!


It is easier to put the money in an account with my Thai wife as sole account holder, no reporting!

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