Phuketster Posted September 14, 2007 Report Share Posted September 14, 2007 I have a question regarding the amount of money you carry into Thailand. Before entering Thailand, on the arrival/departure card, the card asks if you are carrying more than $10,000. If the answer is yes, what happens next? Do they stop you upon entering and count it to verify how much to report to the IRS? Or, do they just let you go through without any hassle? Any and all info is greatly appreciated. Thank you for help :-) Link to comment Share on other sites More sharing options...
cavanami Posted September 14, 2007 Report Share Posted September 14, 2007 Like Ronald Regan said..."...just say "no"..." Link to comment Share on other sites More sharing options...
Sporty Posted September 14, 2007 Report Share Posted September 14, 2007 I did read somewhere, that you need to report more than 50,000 in Thai Baht, arriving or departing. As far as Dollars or Euro are concerned I know of no limit. Link to comment Share on other sites More sharing options...
passingthru69 Posted September 15, 2007 Report Share Posted September 15, 2007 Well the U.S. has a deal that anything over 10K you have to report.Make sure it's legal money.. Like prior poster said. Just say no.. But in case of shake down by U.S. people make sure you can show it's clean money. Link to comment Share on other sites More sharing options...
samak Posted September 15, 2007 Report Share Posted September 15, 2007 there seem to be confusion about that. there is no limit on foreign currency taken in or out of the country. thai baht 50'000 limit when departing Bank of Thailand Exchange Regulations Link to comment Share on other sites More sharing options...
elef Posted September 15, 2007 Report Share Posted September 15, 2007 EU and USA last year forced Thailand to join the new international rule that more than the value of USD 10.000 in any currency cannot be carried over a frontier. If you do without declaring the money will be confiscated... Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted September 15, 2007 Report Share Posted September 15, 2007 Even in the USA, possessing over $10,000.00 while in the country can mean confiscation. Carry less then $10,000.00. Have money on debit cards and have some traveler's checks. Link to comment Share on other sites More sharing options...
manaomaiminam Posted September 16, 2007 Report Share Posted September 16, 2007 Bank Transfers greater than $10,000 out of USA are also routinely reported as well as "physical" transfers. This has been in place for a long time in trying to create audit trails of money moving in and out of country. I can think of many reasons such as money laundrying in the drug trade. Again, this is routine, and unless it is done on a regular basis or includes transactions of significant amount probably does not raise any eyebrows. Often, consistent transfers have legitimate reasons (business/support/etc. transfers). I have exceeded that limit a couple of times (to buy a house and car) and have never been contacted. If you are carrying cash in excess of 10,000, I would report it, you probably will have to explain or fill out a report similar to a routine bank report. Normally, would not come into play, but in the case of an audit, explaining large cash withdrawals, transfers, after the fact could become more problematic. Link to comment Share on other sites More sharing options...
cavanami Posted September 16, 2007 Report Share Posted September 16, 2007 EU and USA last year forced Thailand to join the new international rule that more than the value of USD 10.000 in any currency cannot be carried over a frontier. If you do without declaring the money will be confiscated... If I remember correctly, China has a $5000 USD limit to go in/out of China. Link to comment Share on other sites More sharing options...
CTO Posted September 17, 2007 Report Share Posted September 17, 2007 Our company gets transfers over that amount out of China to Thailand regularly. Maybe for individuals? Link to comment Share on other sites More sharing options...
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