How can I buy a condo in Thailand without a Thai bank account while on a DTV visa?

Question

Hi,

I have been in thailand as a parent on a non o for about 8 years, before that some border runs.

Makes more sense to me to do the work based DTV as that allows me to work remotely while living in thailand without any grey area.

I also want a bit more control of my life than a yearly extension which is kind of dependent on my relationship my sons mother.

My query is this, if you get a visa for 5 years and wanted to buy a condo, how do you do that without a Thai bank?

Also once my non-O VISA expires later this year, should I make plans to pull out the 400k I have held in there for the non o visa as i am no longer eligible for the bank account?

Anyone else in similar position?

Any info appreciated.

Ask Thailand · Answer

The post discusses the challenges of buying a condo in Thailand while transitioning from a Non-O visa to a Digital Nomad (DTV) visa. The original poster inquires about purchasing property without a Thai bank account and managing their existing bank account after their Non-O visa expires. Community comments provide insights, indicating that a Thai bank account may not be necessary for property purchases, as funds for condos can be sent directly from overseas to the lawyer's account. Additionally, they mention the possibility of retaining their bank account status despite changing visas, provided they meet certain criteria.

Brandon ************ · Answer

Bank account isn't really relevant for property purchase.  You are only allowed to purchase a condo with money from overseas anyway, easier to just do it directly.  Bringing it into Thailand first requires more paperwork to show the source of the funds.

Articulate********** · Answer

You should be able to keep your accounts

Anonymous ****************** · Answer

Once you have a bank account they won't close it Why would they?  You think because  you change ti a DTV thry will close your account? Seriously come on again why would they?  You can still open a bank account on a DTV anyway. Its just people dont understand how to do? If you are a risk  or dont present the correct paperwork you cant open an account Same in any country

Ian ********** · Answer

Keep your Thai bank account. Here's what I did while I was on my Non-O. Make sure your Thai SIM is in your name, take proof of this to your bank and check they have your current passport number ( I renewed my passport as you cannot transfer the DTV). Replace your ATM card if it is old. This all minimises the need to go to the bank when you are on the DTV. When you get your DTV, avoid going to big branches or any branches in tourist areas. I've since been to my bank branch in Udon Thani Central Mall to set up facial recognition, and my visa was never asked for or mentioned.

Vitaly ******** · Answer

Regular Swift transfer from overseas. Thai bank account is not really needed in this case

Greg ******** · Answer

Without a Thai Bank Account the money for condo is sent to your property lawyers account - at least that is what I saw. As for bank account the bank will not know your change of visa till you tell them.

Kool ******* · Answer

Keep money in your current bank account. You get to keep it if you switch to a dtv. You've had it for more than two years. You are safe, and will not lose your account. You've shown you aren't a mule account used in cybercrime of any kind. DTV holders can't get a new bank account, but they can keep theirs if they used it while on a non-img extension for a few years, as you've done.

How can I buy a condo in Thailand without a Thai bank account while on a DTV visa?

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