The FET form: your money's passport
The honest answer with numbers, for international buyers
The FET (Foreign Exchange Transaction record, formerly Thor Tor 3) is the Thai bank's documentation that your purchase funds arrived from abroad in foreign currency. It is required to register a condo as foreign freehold and later to repatriate proceeds. Banks issue it for inflows from 50,000 USD equivalent; send EUR and convert in Thailand, stating the purchase purpose.
How to secure your FET
- Transfer in foreign currency (EUR/USD), conversion happens in Thailand
- State the purpose: condo purchase, project and unit
- Ask the receiving bank for the FET record and archive it with the contract
Why it matters twice
First at the Land Office: no FET, no foreign freehold registration. Second at exit: matching FET records let you repatriate sale proceeds through the documented channel without friction.
Common pitfalls
Converting to baht before the transfer, splitting inflows below the threshold without coordination, or losing the record years later. All three are avoidable with the routine described on transferring money.
Frequently asked questions
Is FET the same as Thor Tor 3?
Yes, Thor Tor 3 is the traditional name of the foreign-exchange documentation; today banks issue the FET record for qualifying inflows.
What if my transfer is below 50,000 USD?
Banks can still confirm foreign inflows with credit advices; coordinate with the bank so the combined documentation supports your registration.
Can I get a lost FET replaced?
Banks can reissue confirmations of historic inflows, but it costs time. Archive the original with your title deed from day one.
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