money transfer
money transfer
first this is genuine in 8 weeks time i take possesion of a house in hh. i need to funds to pay final payment furniture etc.I don t have thai bank account how can i tranfer about £20000 to hh thought about £50 notes but securetas robbery might bring problems.any constructive comments welcomed
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Limey711
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I will be doing the same thing in a few months time.
You could, as I have done in the past, transfer the bulk of the money, i.e. the final payment for you property, to the estate agents bank account.
Or as you have mentioned bring the cash over with you, but if you are bringing cash, make sure that you check every bank note, that your bank issues you, if they are neatly wrapped in poly bags, undo the bags and check the notes.
If the notes are damaged or torn, then the Thai Banks will not accept them, I think it is something to do with the counting machines that they use.
The last time we were there, we took 12,000 pounds, in twenties and we ended up bringing 840 pounds back with us because the notes were slightly damaged or torn.
Russ
You could, as I have done in the past, transfer the bulk of the money, i.e. the final payment for you property, to the estate agents bank account.
Or as you have mentioned bring the cash over with you, but if you are bringing cash, make sure that you check every bank note, that your bank issues you, if they are neatly wrapped in poly bags, undo the bags and check the notes.
If the notes are damaged or torn, then the Thai Banks will not accept them, I think it is something to do with the counting machines that they use.
The last time we were there, we took 12,000 pounds, in twenties and we ended up bringing 840 pounds back with us because the notes were slightly damaged or torn.
Russ
The sweetest girl that I ever kissed was another man's wife.....My Mother
You need to be aware that you might encounter poblems with the UK authorities as well if you are carrying large sums of cash, as well as any villians who may feel they have a greater need than you for your cash.
I'm sure you will open up a Thai bank account sooner rather than later, so why not sooner rather than later? Then it would be very easy.
I'm sure you will open up a Thai bank account sooner rather than later, so why not sooner rather than later? Then it would be very easy.
Transfer money for your house via Bank to Bank wire transfer
I don't know if this makes any difference to your plans to buy a house in Thailand but I was told that if you buy a house in Thailand using money from abroad and later sell it and want to return with you money to your home country, you may have problems taking the money out of Thailand unless you can prove that you brought the money into Thailand from abroad.
I was told that you should always transfer money for real estate via a Bank to bank wire transfer.
That way there is proof that you aren't taking profits out of the country.
I think this may also be because you will be expected to pay tax on profits over and above your initial investment
Perhaps someone can shed more light on this
I was told that you should always transfer money for real estate via a Bank to bank wire transfer.
That way there is proof that you aren't taking profits out of the country.
I think this may also be because you will be expected to pay tax on profits over and above your initial investment
Perhaps someone can shed more light on this
If paying by credit many places demand a 3% surcharge to cover their costs, which are usually only about 1.5%. I know, illegal as hell but many/most do if. Reptable hotels and major department stores usually do not try to charge it per my experience. Petechelsea wrote:Why cant you put the money into a credit card account and then draw the money out when you get over to HH. The other option you have is to pay the bill by credit card.