03/12/2025
🇹🇭✨ What is FET in Thailand?
If you buy property or receive money from overseas — you MUST know this!
Many people get confused about FET, but it’s actually very simple and VERY important.
Here’s everything you need to know 👇
🔍 What is FET?
FET = Foreign Exchange Transaction Form
A document issued by Thai banks when money is transferred from overseas in foreign currency.
This form is used as official proof that the money came from abroad.
🧾 When Do You Need an FET?
🏢 1. Buying a Condo in Thailand
Foreign buyers MUST show FET at the Land Office.
If you don’t have FET → You cannot transfer ownership.
💸 2. Transfers Over 50,000 USD (or equivalent)
Thai banks automatically prepare an FET for large foreign transfers.
🔁 3. Sending Money Back Overseas Later (Repatriation)
You MUST show the original FET.
If you lose it → very difficult to send funds out again.
📈 4. Investment Purposes
Stock market, company investment, etc.
❌ When You Don’t Need FET?
Small transfers under USD 50,000 usually get a Foreign Currency Exchange Slip instead.
This is still accepted for many purposes except condo purchases.
⚠️ Important:
Do NOT send Thai Baht from overseas if you plan to buy a condo.
Money must come in as USD/EUR/SGD/etc.
🧩 What’s Inside an FET?
• Sender & receiver names
• Amount & currency
• Purpose of transfer
• Exchange rate
• Issuing bank
💡 Tips Before Transferring Money to Thailand
✔ Transfer in foreign currency, not THB
✔ Use a clear purpose: “For condominium purchase”
✔ Keep ALL documents safe — you’ll need them later
✔ Ask your bank to prepare FET before going to Land Office
✨ Final Tip
If you’re a foreign buyer planning to own a condo in Thailand, the FET is your most important document.
No FET = No ownership transfer.
