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chateaujade
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Unless they have changed the rules, the max cash (all currencies) plus T-checks, negotiable instruments etc and including CC's -- that can be taken in/out of USA WITHOUT making a declaration is $10,000. ANY amount can be taken in/out if you declare it.
You do not want to get sideways of US Customs on this because if you do not declare and are found to be carrying more than $10,000 then the money can be SEIZED and you can be prosecuted criminally.
Of course domestically in USA anyone can be stopped on the street, or anywhere else, and the police can and often do seize ANY amount of money large or small, under the ASSININE civil proerty forfeiture laws, WITHOUT filing any criminal charges, IF in the "opinion" of the officers, the money was narcotics related. Likewise they can seize cars, boats, planes, land, houses, without any criminal prosecution, and the victim of such seizure has to SUE the US Government for return of property or cash.
Part of the WOD. A part that they ought to dispense with. Half the $$$ and proceeds of auctions of property goes to DEA and the other half to the local yokel cops who make the seizures.
Land of the free, home of the brave.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 7:21 am on Sep. 18, 2002
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kmanrox
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ok, my dillemma is... i do NOT have a LOS bank account to transfer my money to, and since i will be not in the USA once i attain a LOS bank account, I will not be able to wire money from the USA to LOS... as i wont be there to sign all the papers, and I'll be damned if I give someone power of attorney to do so... im so confused. =-/
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 9:45 am on Sep. 18, 2002
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ABC
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chateaujade:
I thought I had mentioned that point about the 10K in my original post, but I guess I did not.
You are 100% correct. 10K is the limit a persons can carry into or out of the U.S without declaring anything. Any amount over that must be declared before entering of existing the country.
And my customs friend echo's your sentiment about not getting on their bad side. As well as they might not seize the persons money who's carrying large amounts, but in most cases detain them for a long period of time, while they "check on things"!! ha ha ha!!
kmanrox:
Check into Citibank. Since they have an office in Thailand. You might .. and I say might because I do not know. Be able to open an account here and transfer the money into your Thailand account. Since it's the same bank.
The only catch is that you might raise some flags going out of the U.S and as well as going into Thailand. Two years ago, our Thai attorney warned us about transfering large amounts in the Thailand and then trying to transfer similar amount out within the same months. Said that the Thai government might think it's a money laundering operation.
I am sure ChateauJade can shed more light on this one.
Sorry. Not sure how much help I've been.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 2:23 pm on Sep. 18, 2002
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seubeu
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Can I make a few suggestions? First, do check into Citibank. With that amount of money you should see if they have a Private Bank. This is usually reserved to people with $25,000+ on deposit, but they treat you very well. Also, to a Private Bank your large amount of money will not seem so large (they take care of the Bank's huge depositors so they are used to servicing well-heeled clients). When I lived overseas I could do wire-transfers with an e-mail, no signing forms, etc. (not the same e-mail account as here, so don't even think it boys!) They do ask you "why" you are wiring money overseas now, part of the post 9-11 stuff, but the truth should normally suffice. I'd make sure you got very acquainted with Thailand and had a solid relationship (with the country) before I moved that much into a Thai bank (or most foreign banks, FTM). If you decide you want to transfer it all over then do so and just close the old account.
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 5:45 pm on Sep. 18, 2002
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chateaujade
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kmanrox, pls remind me what you are going to do, how much money is involved etc.
MONEYGRAM (travellers express) allows you to instantly transfer cash from any of 18000 agents in USA to the Thai Military Bank in Bangkok, or the Siam Commercial Bank in Bangkok.
Up to $10,000 costs $280 to $300 and you can do that daily.
You do not need an account in Thailand, and yes you can wire it to yourself. You will just need to show passport when you collect it (and the cash will be in Thai baht at the official rate of the day.)
Western Union Charges more and will also gig you badly on the exchange rate.
Citibank can do TT but, you will need a receiving account here, you will still be limited to $10,000 a day unless you want to make declarations to IRS. And there will still be fees. Although less than Moneygram.
You can handcarry in as cash or (safer) T-checks, but if more than $10,000 you will HAVE to declare to US Customs or risk losing it and being prosecuted.
There are also Thai Custom declaration requirements. And you will be liable for income tax here (Thailand) on the money you bring in if you remain in Thailand longer than 90 days.
Do you have an AMEX credit card account?
You could deposit into your AMEX account in cash and then draw it out here (at whatever the daily maximum is) in cash (Thai baht). Doubtless AMEX will take a bite.
You can combine these techniques to spread out the money as it were. Say you want to move $100,000.
$40,000 via Moneygram (four transfers on successive days totalling this)
$40,000 via AMEX
Just under $10,000 in cash or T-checks by hand carry (perfectly legal, no declaration)
Here's another suggestion:
Go open an account at Bangkok Bank Ltd. in L.A. or NYC
Deposit funds in there.
Get an ATM card from them.
Once in Bangkok, withdraw maximim daily amount (probably 20,000 baht, about $500 US)
And you can still bring <$10,000 cash with you (or T-checks)
Open account at BBL here, and order a TT or series of TTs from your BBL NYC account. It's same bank so easily done.
OR
Hire a lawfirm in USA that has an office in Bkk to move the $$$ for you.
Baker & McKenzie perhaps.
You are neither a drug dealer nor a terrorist, so just don't break the currency laws there or here and you will be hyst fine.
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Thai Women : Meet Matured Thai Women
Posted on: 6:19 pm on Sep. 18, 2002
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chateaujade
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I see you are talking $142K US. So, if I were you I would scrap all the ideas save bank to bank, Citibank, or Bangkok Bank, but the least hassles will be if the bank is USA and the bank here are SAME bank and that is possible with those two. Not Citibank to BBL though.
Yes you will have some Treasury Dept paperwork to do at the bank. But no problem here as long as money goes through the Bank of Thailand central bank system (all banks must).
I recommend you enter Thailand on a Non Immigrant 'B' 90 day business visa ONLY. If you need a company here to issue you a letter to support this, let me know and one of my perfectly legitimate Thailand corporations will do this for you.
(Do not ask me to do this if you are in fact a drug dealer. That would be bad.)
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 6:31 pm on Sep. 18, 2002
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chateaujade
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kman, that last remark was not aimed at you, but at anyone else in the audience who might pop up and ask me to do them a favor.
I remain ready and willing to do you a favor and no I am not interested in getting my hands on your $$$.
I hope the above info has been helpful.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 9:21 am on Sep. 19, 2002
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kmanrox
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holy f_cking shit this is an nightmare.. is saturday night, im leaing mondya morning, and i have a gang of travellers checks... i plan to declare money to anyone who wants to know, are they gonna take money from me on the spot over 10k ??!?!
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Thai Girls : Meet Active Thai Girls
Posted on: 7:35 pm on Sep. 21, 2002
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kmanrox
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Quote: from chateaujade on 6:31 am on Sep. 19, 2002
I see you are talking $142K US. So, if I were you I would scrap all the ideas save bank to bank, Citibank, or Bangkok Bank, but the least hassles will be if the bank is USA and the bank here are SAME bank and that is possible with those two. Not Citibank to BBL though.
Yes you will have some Treasury Dept paperwork to do at the bank. But no problem here as long as money goes through the Bank of Thailand central bank system (all banks must).
I recommend you enter Thailand on a Non Immigrant 'B' 90 day business visa ONLY. If you need a company here to issue you a letter to support this, let me know and one of my perfectly legitimate Thailand corporations will do this for you.
(Do not ask me to do this if you are in fact a drug dealer. That would be bad.)
cj pls mail me, im confused, kman at kmanrox.com thx
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Thai Women : Meet Matured Thai Women
Posted on: 7:37 pm on Sep. 21, 2002
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kmanrox
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Quote: from kmanrox on 7:35 am on Sep. 22, 2002
holy f_cking shit this is an nightmare.. is saturday night, im leaing mondya morning, and i have a gang of travellers checks... i plan to declare money to anyone who wants to know, are they gonna take money from me on the spot over 10k ??!?!
??
i guess im going to find out the hard was as always =)
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 10:28 am on Sep. 22, 2002
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