Is it necessary to purchase a life insurance policy to open a bank account in Thailand?

@Jack ********

You overpaid by 9000 baht.

@George ********

Just an FYI, this no longer works in Phuket. If I was in Bangkok I totally would try.

@Stelar ******

yes, no problem and no requirement to buy insurance. You don't need to, there is no requirement for it

@Jonathan ******

what kind of visa do you have?

@Tom ********

Took those chimps THREE WEEKS to do the same for me. And yea, just one of many BB episodes. Now happy at Kasikorn.

@Eric ******

I want to say that we have been to 6 different bank branches trying to open Thai bank accounts for our retirement visas. We have passports and a long term lease and a TM30 copy from our landlord. No go at bank branches at Big C Extra on On Nut, Terminal 21 SCA bank branch, and no go at Bangkok branch at CentralWOrld mall. It’s like they ask for our Work Permits (we are RETIRED) and then freeze up. We even headed to Thai Immigration after the 5th rejection, did you know they only give a Residence Certificate for Drivers Licenses and Selling a Vehicle??? So go in that, we were told we have to go to the US Embassy for a “paper” that certifies our Thai address. We try one more time and head to the embassy, and they only take appointments, no walk ins, but are given instructions how to make an appt and an email contact # for consular staff. We have not yet been able to make an appt, as they somehow only open “on a rolling basis” (so we are checking 3x day). Apparently according to our email question, you need to pay $50 to someone in the Consulate Notary Services who will notarize your official “Thai address”, but guarantees nothing. I am convinced it just satisfies the Thai bureaucratic need for red tape, something “official” that states your Thai address. We have been hassling with this for WEEKS now. You’d think Thai banks would want foreigners to park their 800,000 baht in their banks!! 😡

@Eric ******

I want to say that we have been to 6 different bank branches trying to open Thai bank accounts for our retirement visas. We have passports and a long term lease and a TM30 copy from our landlord. No go at bank branches at Big C Extra on On Nut, Terminal 21 SCA bank branch, and no go at Bangkok branch at CentralWOrld mall. It’s like they ask for our Work Permits (we are RETIRED) and then freeze up. We even headed to Thai Immigration after the 5th rejection, did you know they only give a Residence Certificate for Drivers Licenses and Selling a Vehicle??? So no go with that, we were told we have to go to the US Embassy for a “paper” that certifies our Thai address. We try one more time and head to the embassy, and they only take appointments, no walk ins, but are given instructions how to make an appt and an email contact # for consular staff. We have not yet been able to make an appt, as they somehow only open “on a rolling basis” (so we are checking 3x day). Apparently according to our email question, you need to pay $50 to someone in the Consulate Notary Services who will notarize your official “Thai address”, but guarantees nothing. I am convinced it just satisfies the Thai bureaucratic need for red tape, something “official” that states your Thai address. We have been hassling with this for WEEKS now. You’d think Thai banks would want foreigners to park their 800,000 baht in their banks!! 😡

@Eric ******

"on site in 30 minutes" You have obviously no experience with BKK bank ! 30 minutes in line until it's your turn..., then the saga starts...! At least 20 A4 sheets to sign, passport copies, oh the system is down, another 30 minutes, etc. then they send you to another teller to make your initial deposit, 30 minutes in line until it's your turn etc.... I repeat: Avoid BKK bank like the plague!

@Eric ******

, costs 1500 at koh phangan.

@Denis ****

sadly, you were scammed

@Alistair *********

Can the insurance be cancelled after the account is open.??

@Cary *****

exactly this.

@Braulio ********