Received this from THAI VISA CENTRE - visa agent this morning:
We've received many concerns from first-time retirees about opening bank accounts.
We can assist with this, but space is limited.
Please note we may not be able to offer this service after July.
If you would like our help, please reply to this message so we can reserve a spot for you.
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TLDR : Answer Summary
Expats, particularly retirees, are facing significant challenges in opening bank accounts in Thailand. A message from a Thai Visa Centre highlighted that many first-time retirees have had difficulties, prompting the agency to offer assistance with limited spots available until July. There are reports of various banks, such as SCB and Kasikorn, denying account openings to non-Thai residents unless they possess specific documentation, like a yellow book or marriage certificates. Some users have successfully opened accounts with Krungthai after facing multiple rejections from other banks, emphasizing the urgency of securing a bank account. Recent changes in regulations also hold banks liable for scams, leading them to be cautious about opening accounts for foreigners. Overall, the situation is fluid, with fluctuating requirements, and expats are advised to act quickly.
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.
Another option is to apply for your Non-O visa before arriving in Thailand. Once you arrive with the correct visa, opening a bank account is generally straightforward.
This service is intended for those who are already in Thailand.
Unfortunately, the situation for opening accounts on tourist visas or visa-exempt entries does not seem to be improving.
Yes, we can only accommodate a limited number of clients per day for this service.
This message serves as advance notice so that if a client contacts us next month asking why we couldnāt assist them, we can refer back to this communication.
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Michael ********
The Law was changed in April holding bank liable, guess they been having issues and this is the result.
This is the base reason all of this is happening now. The banks simply don't want to accept any liability. If there's even a .01% chance you might cost them money, they won't do business with you.
No it can't because these agents knows why you need a bank account. But now when requirements are changing,they might not be able to do accounts. But as always,it differs between branches and provinces.
Actuallyi have heard of it. I don't know how common it is because I wouldn't use an agent. But as accounts get scarcer, the odds increase. Just saying it's something to ask about.
it was in Lom Sak. Absolutely no problem whatsoever. They didnāt even blink. The only query they had was why where we in Lom Sak when home is Phetchabun. We were visiting sick relative. They were happy with that. So easy
I tried to open accounts with several SCB branches. Denied in all. The lady told us that there was a meeting last week with SCB staff where they were told not to open accounts for foreigners unless they were either married or in possession of yellow house book. Your visa was pretty irrelevant!! She said that the incident in Pattaya with laundering Chinese accounts has everyone panicking. I was also denied at several Kasikorn branches. Luckily Krungthai opened one for me today after three days of trying.
yeah that's the most frustrating thing that bank and immigration want different things that don't seem to align any more. I think there is a really easy solution...
The bank let you open an account with a sum of money, however the account isn't fully working you show immigration you have it, then immigration give you the one year extension,show the bank and they make the account fully working... easy answer, lol