Today I tried to open a bank account with Bangkok Bank in Phuket as per the requirement to deposit the 800K for the Non O Visa. While completing the paperwork they suddenly informed me that I had to pay 5,900 baht for another insurance policy and another 1400 baht to open the account. I informed them that I was already fully covered for the same insurance they were trying to force on me. This was not accepted by them. So, I got up and walked out. Is this the new norm for foreigners opening bank accounts in Thailand?
TLDR : Answer Summary
The user experienced a situation at Bangkok Bank in Phuket where they were required to purchase an insurance policy and pay a fee to open a bank account, which is typically necessary for depositing the 800,000 baht required for a Non O Visa. The responses from the community suggest that this may be an upsell tactic and vary by branch, with some confirming that they have opened accounts without such requirements. It appears that the experience may differ depending on the bank and branch, with some users successfully opening accounts without insurance at other banks.
NON-O RETIREMENT VISA RESOURCES / SERVICES
- Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
- For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
- Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
- Join the Thai Visa Advice Facebook Group to ask your questions, and get advice from others.