Are there limits on bringing money into Thailand?

Money transfer regulations in Thailand: **Bringing money IN:** - No limit on foreign currency you can bring in - Must declare amounts exceeding USD 20,000 (or equivalent) to customs on arrival - THB 50,000+ in Thai currency requires declaration when entering from neighboring countries - Wire transfers: must obtain Foreign Exchange Transaction (FET) form from your Thai bank for amounts over USD 50,000 (needed for property purchases) **Taking money OUT:** - THB 50,000+ in Thai currency requires Bank of Thailand approval - Foreign currency up to USD 20,000 or equivalent: no declaration needed - Over USD 20,000: must declare at customs - Wire transfers out: amounts over USD 50,000 require supporting documentation (contracts, invoices, tax receipts) **Important for property buyers:** When buying a condo, the purchase funds MUST be transferred from abroad in foreign currency and the FET form must show the amount. This proves foreign source of funds — required for freehold condo ownership.