FET Form for Phuket Condo Buyers: Bank Transfer Checklist Before Land Office

Foreign freehold condo purchases in Phuket usually depend on clean funds flow. The Land Office and juristic office need to see that the buyer's purchase money came into Thailand correctly, in foreign currency, and matches the buyer and unit documents.

Quick answer

Before you send money, confirm the receiving bank, exact buyer name, currency, payment purpose, unit details, required Foreign Exchange Transaction form or bank certificate, and who will collect original documents. Do not rely on a developer or agent saying "transfer now and fix paperwork later."

Transfer checklist

Check	Why it matters
Buyer name	Should match the sales contract and title transfer plan
Foreign currency	Supports foreign quota condo registration
Purpose wording	Banks often need property purchase details
FET/bank certificate	Needed before Land Office transfer
Split payments	Every transfer should be traceable
Refund path	Important if quota, title or contract review fails

Phuket context

This is especially important in investor condo areas such as Bang Tao, Laguna, Layan, Rawai, Kata, Karon, Patong and Nai Yang. Off-plan buyers should also confirm whether reservation and milestone payments will be documented in a way that supports the final transfer.

Use this with the foreign freehold quota guide, condo fee checklist, buying process guide, Bang Tao district guide and Phuket buying services.

Red flags

• The seller asks for money to a personal account without written explanation.
• The payer name differs from the buyer name with no legal plan.
• The transfer purpose is vague or unrelated to property.
• The developer cannot explain how documents will support foreign quota transfer.
• Original bank documents are missing close to completion.

CTA

Phuket Stay Pro can coordinate the bank-transfer document checklist before you reserve or complete a Phuket condo.

Fact-check flags

Bank wording, FET thresholds, Land Office expectations, foreign quota availability and required originals can change by bank, project and date. Confirm current requirements with the receiving bank, juristic office, seller and independent lawyer before sending funds.