Taking money out of Thailand

[Dingo's]

Hey Guys,

Firstly I apologize if this is a repeat thread. I did a search and couldn't find anything.

One of my friends is leaving Thailand and moving back to his home country. Does anyone know what amount of cash he can take on his person when leaving the country without it being illegal? What limits are set leaving Thailand?

Thanks for your help with this...

[LivinLOS]

Its a complex issue that doesnt get clear answers.. I understand that for bank transfers any more than 20k USD (used to use 800k baht but thats no longer equal) would require proof that the money was not earnt here.. So he needs a tor tor 3 for the money being brought into Thailand to move it back out again.

Otherwise I am told you can take your money out as long as you can show you have paid taxes on it.. How thats checked I honestly have no idea.

Of course those are simply the rules.. You could always get an account and use an ATM to draw the max daily limit.. Sounds crazy but when pulling max amounts out of overseas ATMs it doesnt take long and the fees are not too bad.. Other systems I have thought about would be to use false invoicing (they cant stop you from paying bills surely ??) to an overseas account or even buying large amounts of egold or other electronic bullion in country and cashing out in another country.. E-currencies respect no border.

ALso what happens if you send 10 separate transactions each for 790k (if the limit is 800k) is that ok ???

I think you can carry 10k USD in cash through the airport..

[Pussy Whipped]

At Don muang there were signs saying you could not take more than 50,000 thb out in Cash, without permission. I think that was more to do with it being baht, it did not say anything about other currencies.

Unlike many countries you do not have to declare how much you have brought in, so you should (as long as it is not Baht) be able to take out as much as you like.

ATM is a v.good idea, also SCB allow you to do an online transfer to Third parties overseas, you have to set it up first and it has to be for something like school fees in the other country. Don't know how much they verify but I am sure a determined person could use this methord.

I think you are more likely to have hassle at your destination with large amounts of cash (Over US$ 10,000 for USA and 10,000GBP for UK) than leaving Thailand.

[K2]

Originally Posted by Pussy Whipped

At Don muang there were signs saying you could not take more than 50,000 thb out in Cash, without permission. I think that was more to do with it being baht, it did not say anything about other currencies.

That is correct - currency control limit THB taken out of Thailand to 50K THB. Other currencies maybe freely taken in/out up to US$10K - anything in excess of this is supposed to be declared.