My Brother has lived in Thailand for about 15 years and knowing that I planning to retire to Chang Mai keeps me updated on important changes in Govt Policy.
I thought that this forum would be interested to know
"Hi Bro.
A thai friend of mine just sent me a message.
It seems the Thai government have changed money transfer rules for foreigners. If you bring money into the country you can not transfer it out unless you have a current work permit.
All the rules have changed it seems last year.
If you have a WP you can transfer money to overseas.
''If you are retired the money you have is termed as being for living expenses so you can't tranfer it out until you get a WP which you can't get if you are retired.''
Another reason to only have a minimum amount in a Thai bank.