I am hoping to buy an appartment on my next trip to Thailand for holiday use and in preparation of a permanent move next year.
I have to provide a Thai bank and a Tor Dor 3 certificate.
My original idea (somewhat naieve as it transpires) was to come out to Thailand and open a "foreign currency" account which the Thai banks have told me is no problem.
I was then going to deposit a £GB cheque to cover the cost of the purchase.
The problem is that I will be in Thailand for 14 days.
Apparently the cheque will take up to 45 days to clear.
For the Tor Dor 3 certificate I (apparently) have to prove that the funds originate from outside Thailand - in my case the UK.
Anyone have any experience/ideas about what and how I can do all this?
I would not do like that if I were you. You need also to show that the purpose of the money sent to Thailand was for the purchase of property. Better to open a Thai Baht bank account. View Talay recommend the Thai military bank. I have a "bangkok bank" bank account. Nearly one third of my balance was deemed as a mere cash deposit and so ineligible for the Tor Dor Sam. Better to then arrange a telegraphic transfer from your uk bank to yout Thai bank in pounds. Don't forget to state that the purpose of the transfer is for the purchase of property. I always do now whether it is or not. And the transfer must be from yourself to yourself. Strangely enough the bank would not give me a Tor Dor 3 but only a document stating thet the money had come from outside of Thailand. I was told by View talay that I would not be able to purchase a condo but they took my money anyway and eventually gave me a Chenook (ownership document). This is Thailand
If you do not have a Thai bank account currently. Arrange with your bank manager prior to departure to have him T/T the funds over when you are here in the country. It usually clears in a few days at most.
Then you can get the document you require while still in country.
