So.. Last year, when I tried to pay for my medical insurance, I got an error message in the bank app, saying i need to visit the bank.
I went to the local Krungthai and was told that new banking regulations forbid foreigners transfering more than 50,000 per transfer...
My daily transfer limit was 1,500,000 per day, so just did 2 transfers and haven't really thought about it since...
A few days ago, i mentioned this to an accountant and she spoke to me with disbelief, as tho I'm an idiot, because nobody else has ever heard of this... Saying I just need to go in and change the limit...
I went to the local Krungthai branch and was told that thai banking regulations forbid foreigners, transfering more than 50,000 per transfer and if I need to transfer more, i need to do more than one transfer, or withdraw the cash and transfer by hand.... So if i need to transfer 800,000, I can do 16 transfers or withdraw the cash...
I went to the provincial branch and they said pretty much the same... Thai Banking regulations forbid foreigners transfering more than 50,000 in the app... ( "in the app" is a significant change.) If I need to transfer more, I can do in the bank... Slightly different story, but better than the local branch.
I went to the provincial branch of Bangkok Bank, asked to change the transfer limit and it was done, instantly, no question asked...
Has anyone else experienced this nonsense, and which banks do or don't allow transfers of more than 50,000 baht?
TLDR : Answer Summary
The post discusses the limitations faced by foreigners in Thailand when transferring money through various banks, primarily focusing on the confusion surrounding the 50,000 baht transfer limit. The author shares their experience with different banks, notably Krungthai, which enforces this limit for app transactions, while also highlighting that banks like Bangkok and Kasikorn allow higher limits after setting them up in their respective apps. The conversation reveals a mix of personal experiences and rules regarding transfer limits, facial recognition requirements for higher transfers, and alternatives like using apps such as Wise. The discussion emphasizes a need for clarity on current regulations affecting financial transactions for foreigners.
