Is having a Thai bank account essential for expats living in Thailand?

@Niall *******

I recently renewed my DL and it took me what seemed like forever to complete one form. The lady noticed I was struggling and filled out the rest. It would look like my 6 year old granddaughter tried to fill it out . I hope to find a lot of treatment for it in Thailand and get back some ability to write legibly

@Graham ****

ive heard same thing about you have to live in the uk to keep your bank account and have to register with an address... so i know others that use an address to show the .uk bank there still there ... but lived in thai over 3 years and still transfer from uk to thai bank account.... baffled by what happens when the UK expiry dates up with UK bank account 🤔

@Borune **********

all UK Bank accounts say you must be a UK citizen if you are claiming interest on your accounts

Why because the government wants TAX on your interest

So yes if you are abroad non dom whatever then they will close your account

@Borune **********

I spent 6 years living in Panama and never lost my US accounts. Do not expect to lose them after I eventually move to Thailand.

@Lisa ******

or up to £10,000 cash leaving the country, if it’s UK

@Todd ********

facts

@Dany *******

Because physical paper is a hassle. Digital is more convenient and I’m moving from cash. Eventually, we all will.

@Jim *******

FFS you are a bit dim. I know who uses it. The reference to foreigners was old foreigners might not realise how much better systems elsewhere are because they are old. Or stupid.

Thais have no option but to adopt QR codes because their banks don’t offer the better options - so of course they use it.

I use tap more than QR codes because I can because I have foreign cards as well as Thai cards. Watching me use Tap at say Starbucks v a Thai using QR codes is a perfect time and motion study. Mine takes a second, there’s can take a while depending on which App, which phone and any issues with their QR code reader or the merchants system.

Again, It’s a simple point, the system is second rate. Those of us used to a better system should make that point. Which I am.

@Andrew ******

You obviously have little knowledge on the QR PromptPay system. There's more young Thai people using it than oldies. Not everywhere accepts True Wallet, so the youngsters use QR. They certainly don't use cash!

@Jim *******

It works but it’s crap. My point is a simple one - we have farang (who should know better) waxing lyrical about the QR code system instead of pointing out that it’s a second tier crap system that Thailands neighbours don’t use :)

It’s almost like it’s advocates must be old & retired or from the US where they still use cheques (checks) :p

@Andrew ******

Whatever it is, it works and is accepted at more outlets than cash, so it's obviously got something going for it 👍

@Jim *******

it’s entirely a function of Thai Banks.

@Andrew ******

You'd need to ask them why they accept QR code but not Apple Pay. I just know they don't, but not the reasons why!

@Jim *******

also, the issue is why would those street vendors “never use it” when they’ll use QR codes. You can literally accept tap via your phone, it’s the same level of tech but better.

@Jim *******

I understand they use it, it’s just crap. “Once you start using QR code you don’t want to stop” is what I was responding to.

I use them but never if there is an alternate option because it’s a shit system. I spend half my time in Australia where you just tap (apple/google pay) for literally everything and where bank transfers (to pay anyone) are instant. It’s vastly superior without the idiocy of faulty cameras, misread codes, different banking apps and the myriad linked loyalty programs with different QR codes. QR code payments in Thailand often increase the time over cash v proper tech which vastly reduces time.

I just wish Thai banks weren’t so low rent that they’d actually embrace modernity. 🤷🏻‍♂️

@Andrew ******

QR code is more universally accepted in Thailand. You can use this with street vendors, markets etc who would never use Apple or Google Pay. We're not talking technology, we're talking convenience

@Philip *********

Yes. It works. It’s just shit compared with alternate systems that work much better.

@Andrew ******

works well directly through the banking system with no fees. Anyone with a Thai bank account can easily give money to each other.

@Philip *********

QR Codes are a low tech second best solution that kinda sucks v say Apple Pay

@Brian *******

yes once cash was a problem but they managed to get change from someone else. Correct money would have been ok. Once you start using QR codes you don't want to stop, too easy