How can I open a bank account in Pattaya if I'm under 50 years old and facing new rules?

Nov 4, 2024
17 days ago
Rouven ***********
ORIGINAL POSTER
Hello i need an agent for open a Bank Account in pattaya many Tell me the rules changed i can Not do it because i am under 50 years does anybody can still help me
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TLDR : Answer Summary
The recent changes in Thai banking regulations affect individuals under 50 years old, making it difficult for them to open a bank account. Many expats are sharing their experiences regarding the new rules and suggesting contacting certain visa services in Pattaya for assistance. Some commenters emphasize the benefits of having a local bank account, while others discuss potential tax implications and the legality of using agents for account openings.
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Angelo ***********
Perhaps I should open an agency, become an Agent, and rip of the poor sods, who can not distinguish the entrance of a bank from a shopping mall or bakery?

I am rich in 3 days ...
Terary **********
I bought the insurance policy (8000) to open Bangkok Bank, soi bokhao
Marc ********
@Terary *********
How long ago?
Terary **********
@Marc *******
2 or 3 years ago.
Kenneth *******
I suggest you go to banks and talk to them about opening accounts. I have three accounts in the Thai Bank
Will ******
Just a question on that new 50 rule. How do people buy property if they need an account? Banks now refusing?
Richard ***********
@Will *****
I could not open a bank account until I bought a condo...

I transferred $ to the company I purchased the condo from.

That allowed me to open a bank account. You have to otherwise have a resident visa to open an account
Mike ********
So you are in your 30's, for example, with a work permit and you need an agent to open a bank account,that's taking corruption to a new level.
Angelo ***********
@Mike *******
He does not need an Agent. Most banks would not work with an Agent. Opening bank accounts in other peoples names: is illegal. Unless it is authorized by a court, e.g. if you are seriously ill.
Brandon ************
@Angelo **********
that's not what getting an agent means. No one is opening an account for you. The agent just has connections at a bank that will get them to let you open an account for you for a price.
Mike ********
@Angelo **********
True but it does go on.My bank guy,I've known for 15 years, when I asked him about people having a problem opening an account and using an agent his remark was "Money talks" he never said it didn't happen.Nothing surprises me over the 20 years I've been here.I would suggest the agent "accompanies" the person wanting an account,similar to people using agents getting visas at Immigration
David ********
Got mine via mot services.
Graham ******
@David *******
tell us it was within the last 2 weeks and you were under 50 to put this debate to bed
Brian ********
Arnold **********
Why do you want to open a bank account,
Marianne ********
@Arnold *********
why would you not want to?

It's pretty great to have, imo
Arnold **********
@Marianne *******
unless you are living in Thailand full time you don’t need it,
Marianne ********
@Arnold *********
If you spend any amount of significant time in Thailand, or just come here often... having a bank account is brilliant.
Marianne ********
I gladly pay my tax in Thailand. Seeing as Thailand and my country has a bilateral tax agreement that prevents double taxation. Most 1st world countries have some version of this.

Whatever I pay tax on in Thailand gets credited back to me in my home country after filing our taxes and show documentation that the tax has been paid in Thailand.

Rates in Thailand are better for me.
Arnold **********
@Marianne *******
I don’t agree,no advantage.
Marc ********
@Arnold *********
So when you bring thousands of dollars with you... you want to keep it in the hotel safe?

Or under the pillow?

Is it an advantage getting robbed?

Use your brain pal
Arnold **********
@Marc *******
with the new tax rules it’s not a smart move to have a bank account in Thailand 🇹🇭
Arnold **********
@Marc *******
I have my own apartment
Marc ********
@Arnold *********
Still smarter than carry thousands of dollars in cash.

Just make sure you obey the 180 days rule and you don't even have to worry about tax.

And even so... how much you think they will tax me if I have 4000 dollars in my account? Not that much it will ruine me

Still better than use bank card from abroad at ATM or use WU or Wise or whatever🤷
Kim *********
@Arnold *********
there is no objective truth regarding this. If those who have a bank account and are happy with that it's brilliant for them. When I came here 2x3 months every year I had good use of my account
Marianne ********
@Arnold *********
the QR-code stuff is SO convenient. Missing out if you don't have it. And no need to keep cash.

And no ATM fees for withdrawing when I do need it.
Arnold **********
@Marianne *******
a lot of places don’t have a QR- code
Ron *******
That's correct. The banks changed their rules last week.

Unless you're 50 yrs old or above, even agents can no longer obtain bank accounts for you.
Angelo ***********
@Ron ******
You are mean!
Mick *******
@Ron ******
, utter and complete pish talk
Ron *******
@Mick ******
guess what dopey boy?

I'm done with utter pricks like you and the 95% of pricks posting on here.

Have a nice day!
Marc ********
@Ron ******
You mean dopey as ghost?
Tim *********
@Ron ******
that's a relief to us all
Ian **********
@Ron ******
That's not true if you have a work permit
Tim *********
@Ron ******
Reference for that, Ron?
Ron *******
@Tim ********
where do you want the reference from?

The OP made the post because the agents have told him they can no longer do it if you're under 50yrs old.
Bob **********
@Ron ******
just looking for customers
Tim *********
@Ron ******
You confirmed what the OP said. I wondered if your claim had any foundation at all. It seems not.
Ron *******
@Tim ********
what does this say?
Angelo ***********
@Ron ******
It says "Mot Services" can not do it. Strictly speaking opening bank accounts in other peoples name is - and always was (and that is the case everywhere in the civilized world) illegal. He will have no problem to do it himself.

There is no bank in the world that is rejecting a new customer who has money.

But there are plenty of banks who do not want to be burdened with "silly people".

No one needs an Agent for opening a bank account.

Other side of my apartment is Bank XYZ. I go there: they do not want me. So, which Agent makes that particular XYZ bank accepting me?

No one. There is no such agent.

Be showered, well dressed, have a friend who speaks Thai. Preferable make an appointment first. No problem to open a bank account.

What is next? He needs an Agent to buy a bottle of Soda in a super market?
Robert ***********
@Angelo **********
Let me be the first one to day here that you are talking out of your a.....

You can be the best looking guy in Thailand, with a shitload of money and all the Thai speaking friends, relatives and girlfriends you want and you still will be sent packing at 99% of the bank branches.
Angelo ***********
@Robert **********
Simply not true. Perhaps 1%.
Bob **********
@Ron ******
what he’s referring to is not being old enough for a non-o based on retirement (50 up) no laws were changed last week and he’s looking for an agent ,one didn’t tell him no
Steven ***************
@Ron ******
What part of thais lie instead of admitting incompetence has escaped you all this time?
Kim *********
@Steven **************
what a stupid remark
Tim *********
@Steven **************
go home, racist
Willem ****
Sounds like not correct. It really depend on the visa. Not on the age (only)
Angelo ***********
@Willem ***
It does not depend on anything. You can open a bank account with no visa, aka "visa exempt". It is the decision of the bank/branch if they accept you as a customer or not.
Ryan ****
@Willem ***
looks like u are a know-it-all are you the branch manager there?
Willem ****
@Ryan ***
You are joking. Cheers.
Ron *******
@Willem ***
it is correct.

Go and speak with Duncan. He owns MOTS and has done the job for nigh on 30 years.
Willem ****
Ron Angel

For sure a Non B with workpermit will get me a bankaccount. Even if I am 30.

Use your ......
Michael ********
@Ron ******
really ?
Ron *******
@Michael *******
yes. I was speaking with Duncan, MOTS husband last week.

The banks, at least in Pattaya, will no longer entertain anybody under 50yrs old for a bank account.

It makes no difference what visa you have.

The agents cannot do anything for you
Michael ********
@Ron ******
Must be only the way they have to do get bank accounts cannot see it being a company policy as lots of younger people come here to work legally and need a bank account
Andy **********
@Ron ******
this was on a post yesterday
Ron *******
@Andy *********
yes. You're wasting your time telling this lot though.

They are know it all experts
Graham ******
What Visa are you on?
Angelo ***********
@Graham *****
I guess a Visa Card?
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