Buyers with bank account opened in Thailand may transfer money from the account directly to the seller’s account. However, buyers shall request the bank to issue a Foreign Exchange Translation (FET) form to use as an evidence for registration of ownership at the Land Department.
Buyers can also transfer money to the seller’s bank or issue bank draft payable to the seller and the seller then applies for issuance of Foreign Exchange Transaction (FET) form to use as evidence for registration of ownership at the Land
Note: The amount transferred must be equivalent to or slightly higher than the selling price to show at the Land Department.
An overseas transfer must be issued with evidences to get approval from the Land Department. The money transfer must be made under the same name as appeared in the purchasing contract and must be foreign currency only. Buyers must specify the objective of the money transfer in the payment order.