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Answered2 years ago

What are the current rules regarding bank accounts and pension income verification for expats in Thailand as of February 2025?

Kevin ******
asked Feb 16, 2025
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Hi everyone. I have 2 questions, 1- Did the immigration rules change this Feb 1 , 2025? 2- I had pension income verified by my Canadian embassy (over the 65k/Mon) but immigration did not accept it stating that it is not a "guarantee" from the embassy. Did anyone experience this, and can you please share?

Now I have to open bank account and deposit 800k bht into the account to get me 3 + 12 month visa. So I need to transfer 30k dollars from Canada into Thailand which is not an easy task.

Thanks guys!!!
Answer summary
The discussion centers around recent changes in Thai immigration rules effective February 1, 2025, particularly regarding pension income verification for retirees and challenges in opening bank accounts. The original poster faced difficulties having pension income verified, as the Canadian embassy's documentation was deemed insufficient by immigration authorities. This has necessitated a shift to depositing 800,000 Baht into a Thai bank account for visa purposes. Comments indicate that while some embassies have ceased providing income guarantees, others still do. Moreover, there are complications in transferring funds into Thailand and establishing bank accounts, particularly for short-term visa holders.
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David ********
David ********
You will not do much good until you have had at least Bt65,000 amounts monthly over the last 12 months deposited. That is proof. Even that may not be accepted. Nearly Bt800.000 after 12 months. I suspect you are required to have that Bt800,000 in your bank as you apply for the visa. immigration can give out visas at their discretion.
John *******
John *******
You can do it with RBC NO PROBLEM RIGHT INto your Bangkok bank account and rates are good as wise
Stuart *********
Stuart *********
Henrik *****
Henrik *****
It is common that most people will have to deposit 800.000 Baht the first year, and transfer 65.000 Baht every month like clockwerk for 12 month to change to the monthly income metod.

Which you can find documented in numerous post in the group.

And opening a Thai bank account would be hard ( read almost impossibel ), if haven't stayed several months on a permanent adress in Thailand, on a long lease.

Banks in Thailand are like everywhere in the world, interested in having good stable custormers, that have a permanent address, a steady easy traceable income, and use the account all year round.

That is why the banks are reluctant to give accounts to people on short time ( read: tourist ) visas, and who only spend part of the year in Thailand.

Donโ€™t expect to get a residence certificat, until you have stayed at a permanent adress in at least 3 month, since that is what the residence certificat should confirm.

Furthermore the added attention on whitewashing of money, is an added burden on the banks, so reluctant depositing large amounts isnโ€™t a guaranteed way to open an account.

The value of a resident certificat, had gone down, since Immigration Officers are giving them to people that are not on a longterm visa, or have stayed severel months at 1 adress in Thailand, so even if it is a formal requirement, the bank make up their own assesment of the stability of the want-to-be customer.

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9-thailand-to-implement-stringent-compliance-regulations-for-new-bank-accounts?
Tim ********
Tim ********
NO. NEVER. EVER.๐Ÿ–•
Randy ******
Randy ******
@In related news, Team America beat lil canada in a Hockey match yesterday in Montreal. Time for lil canada to become the 51st state
Braulio *********
Braulio *********
@Randy *****
Totally off topic
Sean **********
Sean **********
@Braulio ********
I agree and apologize for my retort.
Randy ******
Randy ******
@Braulio ********
i said related newsโ€ฆ so are you still in the selling white powder business , escobar?
Sean **********
Sean **********
@Randy *****
you are a jersey.
Kevin ******
Kevin ******
OP
@Randy *****
Never. We the North will always be free.
Sean **********
Sean **********
@Kevin *****
as a real US Patriot . I am proud to call you our neighbors. We got one asshole and a richer version idiot savant manipulating him, and his cronies and a cult trying to act like fascist colonizers. I apologize for what these idiots who could not use their brains to figure out good from evil.
Kevin ******
Kevin ******
OP
And we are not "lil" ;)

We are a bigger country than you lol
Bent *************
Bent *************
What is difficult in transfreing money from Canada Into Thailand?
Kevin ******
Kevin ******
OP
Is money Gram ok? Have you used it?

Wise will need my bank account info, right?
Kevin ******
Kevin ******
OP
@Bent ************
which service do you recommend??
Charles *******
Charles *******
@Kevin *****
Wise App cheap and effective
Kim *********
Kim *********
@Kevin *****
your own bank - Revolut - wise - remitly.
Graham ******
Graham ******
Mohammad ***********
Mohammad ***********
Use any trusted online bank like Wise or N26
Kim *********
Kim *********
@Mohammad **********
wise is not a bank
Nick ************
Nick ************
@Mohammad **********
Wise is not a bank.
Henrik *****
Henrik *****
But not possibel to uptain a visa that way
Scott *********
Scott *********
You money will disappear from bank
Chuck **********
Chuck **********
@Scott ********
mine did from kasikorn!
Kevin ******
Kevin ******
OP
@Scott ********
why? You serious???
Mark *********
Mark *********
@Scott ********
? What? Mine hasn't.
Wasim ********
Wasim ********
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1
John **********
John **********
Which immigration office do you use?
Kevin ******
Kevin ******
OP
@John *********
Sriracha cause we have connection there
John **********
John **********
@Kevin *****
Sriracha because you live in the area? You need to use the immigration office that serves the area where you live
Graham ******
Graham ******
The Immigration rules have not changed for income affidavit, the counties that cannot use this method is because their Embassies have stopped issuing them which, obviously, your's hasn't
Nongnuch ********
Nongnuch ********
@Graham *****
Immigration didn't accept the income affidavit from the Canadian Embassy. I guess if he had the affidavit co-legalized by the Ministry of Foreign Affairs, it will probably be recognized.
@Kevin *****
you need to ask Immigration
Roberto *********
Roberto *********
@Graham *****
I don't know, there's been several reports of Bangkok Immigration no longer accepting income affidavits from any country, so we might be seeing a shift in policy
Graham ******
Graham ******
@Roberto ********
first I've heard of it, ok
Roberto *********
Roberto *********
@Graham *****
First I heard was only two weeks ago, a German guy, so it's probably a fairly new policy. No doubt we'll hear more as the weeks roll by
Roberto *********
Roberto *********
A few other embassies stopped with this as they cannot guarantee the authenticity of the pension payments, Australia being one of them. I went onto the 65k per month overseas transfer rather than tie up 800k lump sum, which is much better option
Kevin ******
Kevin ******
OP
@Roberto ********
but how can you get your emb7to guarantee this income?
Henrik *****
Henrik *****
You can not get the embassy to guarantee ( like most embassies), so only option is 800.000 Baht in a Thai bank, but you can not open a Thai bank account as things are now.
Roberto *********
Roberto *********
@Kevin *****
I transfer 65k baht each month from overseas into a Thai bank account. Absolutely nothing to do with any embassy.
Kevin ******
Kevin ******
OP
@Roberto ********
but the embassy does not guarantee my 65k income, and immigration wants guarantee??
Matthew *********
Matthew *********
@Kevin *****
the embassy just doesn't want to work . Lazy ass in my opinion. Your taxes are being spent on processing visa to your country instead of helping the people that pay their salary. If you have government pension than it should be no work to them. Do they actually think are valsifying their bank records. And did the American and British and Austrian embassy have a meeting to all stop the affidavit. The negative thing about Thailand is the games of immigration. Sure wish it was more like the phillipines immigration.
Roberto *********
Roberto *********
@Kevin *****
So you can no longer use the "income affidavit" method, you'd be better moving onto the 65k per month international transfer, although you've left your run late for this year, so you'll have to swallow the pill and transfer the 800k for the first year, but make sure you start the 65k transfers immediately, so they'll be in place for your next extension
John **********
John **********
@Kevin *****
can you show them the same information you provided to your embassy?
John **********
John **********
I also noticed today that the Canadian embassy has announced it will no longer provide income letters after 1st April as they can't guarantee income. Sounds like its driven by immigration so you may need to look for alternatives
Terje ***************
Terje ***************
@John *********
Exactly. Some immigration offices require the ORIGINAL income documents in ADDITION to an affidavit from the embassy.
John **********
John **********
@Kevin *****
I'm confused. I thought you submitted an affidavit/certificate of income? You said they didn't accept that, I'm suggesting that you also show the information you supplied to obtain that certificate to prove its correct. I notice though that the Canadian embassy will issue a letter of income based on 3 months bank statements which I dare say might be an issue
Kevin ******
Kevin ******
OP
@John *********
Come-on....that is what I submitted to immigration
Nongnuch ********
Nongnuch ********
at the moment, if you are on a tourist visa or visa exempt entry, no agent is able to open a Thai bank account for you on that visa, which you would need to perform for the "change" to the initial 90-days Non-Imm-O visa. You would need to have entered on a 90-days single entry Non-Imm-O Retirement visa you obtained outside of Thailand, to be able to open an account. . . . . . see Mot's post from a few days ago . . every agent will tell you the same . . .
Matthew *********
Matthew *********
@Nongnuch *******
I just did it last month. No problem
Nongnuch ********
Nongnuch ********
@Matthew ********
yes LAST MONTH, sure ๐Ÿ˜Ž . .the new bank regulations started on February 1st . . no more accounts for people on tourist visa or visa-exempt entries, at least for now . . . . .
Nongnuch ********
Nongnuch ********
@John *********
there is . at least for now
John ********
John ********
@John *********
that's applying to them to
John **********
John **********
@Nongnuch *******
I'm not on a barstool thank you very much. No need to get personal. Stick with reality. There is absolutely NO legislation preventing tourists opening a bank account
Nongnuch ********
Nongnuch ********
@John *********
I would rather call out "it used to be possible" . . . .. But as of NOW, definitely impossible. Why not ask a bank? Call them and find out for yourself. I am not willing to be your circus monley . . . Why TH do we discuss this at all? Because you can't be convinced that a pig cannot fly? Until the next change appears around the corner, no need for your barstool expert citations
John **********
John **********
It's all about being able to identify yourself comprehensively. So yes it's more difficult as a tourist but not impossible
John **********
John **********
This from the Pattaya News article someone else mentioned Account Opening Challenges: "Foreigners without long-term visas or proof of residence may struggle to open accounts, particularly in banks with strict policies. While some banks are known for being more foreigner-friendly, branch-specific policies can vary."
John **********
John **********
@Nongnuch *******
via an agent
John **********
John **********
@Nongnuch *******
but that doesn't mean they can't open one themselves. They just need to find a cooperative branch of a bank
Nongnuch ********
Nongnuch ********
@John *********
the new regulations came from the government. Banks are not allowed to open accounts for tourists any more. Now you go find a bank that will be willing to ignore an official government order? I doubt it
Robert *******
Robert *******
@John *********
read this:

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1
John **********
John **********
@Nongnuch *******
I assume that's from an agent
Nongnuch ********
Nongnuch ********
โ— On the subject of bank accounts:

โ›” We are currently unable to open a bank account for people with a tourist visa or visa-free entry. Without exception!
Nongnuch ********
Nongnuch ********
@John *********
โœ… FS Consulting Co., Ltd. makes it clear and emphasizes:

Our customers are always on the safe side with us because:

๐Ÿ‘‰ For us there are no changes to the Non-Immigrant-O Retirement visa.

๐Ÿ‘‰ Visa exchange to the Non-O Retirement within Thailand is still possible through us.

๐Ÿ‘‰ We carry out the extension of stay for Non-O Retirement visas/residence permits as usual.

โ— On the subject of bank accounts:

โ›” We are currently unable to open a bank account for people with a tourist visa or visa-free entry. Without exception!

โ„น๏ธ As soon as there are any changes here, we will announce this immediately on our Facebook page.

๐Ÿ“ With FS Consulting you are always on the safe side and we can still guarantee our customers the usual security and stability. There are therefore no restrictions for our office regarding the Non-Immigrant O Retirement!
Nongnuch ********
Nongnuch ********
everybody knows, that's leaving YOU the only person who still resists to accept knowledge ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚
Nongnuch ********
Nongnuch ********
@John *********
it definitely says "tourist"
John **********
John **********
@Nongnuch *******
sure for mule accounts, which is what I believe is causing the issues for agents. It says nothing about tourists not being able to open an account legitimately
John **********
John **********
@Nongnuch *******
that's the order about mule accounts whichhas been around for a while, it says nothing about tourists not being able to open bank accounts.
Nongnuch ********
Nongnuch ********
@Allan *************
that's because WISE, despite being transparent, is circumvening certain limits some countries have established for money that gets transferred to Thai accounts. For example, in Germany you need to report to the Federal Bank all money that exceeds
*****
.- Euros. If I use WISE, I can send up to 2 million THB in one transaction to my SCB bank account, and there is no need to report, because I don't send any money to Thailand directly, but to a Belgian bank account belonging to WISE. Any SWIFT transfers between EU-countries do not require reporting, because they are CRS regulated
Nongnuch ********
Nongnuch ********
@John *********
proof? HERE: "The Thai government, via the Bank of Thailand, has officially launched a renewed attack on mule accounts in Thailand aiming to curb financial fraud and money laundering. Freezing a staggering 1.8 million bank accounts suspected of being mule accounts, the Anti-Money laundering Office says that 2,500 account holders have actually been arrested during the past year. Police enquiries are now centering on telecommunications companies, digital platforms, e-wallet service providers as well as actual consumers"
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1?fbclid=IwY2xjawIeq99leHRuA2FlbQIxMAABHfUYTruGRdm1hG9fsyNZffk3KKeEknju6_SyTVL_YyMvEjiI7JCBpu-8pg_aem_qOycr2AVWTZyh3zi9onazQ
David **********
David **********
@Nongnuch *******
The banking system seems to be in shock, and it is even more difficult to open an account due to new directives,

Information I have received is that a non0 visa is required to open an account or proof of marriage etc, ,,(not really new for some banks) the audit of banks ( for lack of a better word ) will take another approx 6 weeks according to my bank. Just to back up the above comment
Allan **************
Allan **************
@John *********
There was an article in The Pattaya News about 2 hrs ago it all so looking like it will be more difficult to transfer money into Thailand with Wise very interesting article.
Nongnuch ********
Nongnuch ********
@John *******
you are right and everything will at some point get regulated with a brown envelope with a wad of money, it is just a matter of time
John ********
John ********
@Nongnuch *******
this is Thailand and unfortunately it's the way things are here and will always be like it because of the government leaves it upto the people who are running the bank
Nongnuch ********
Nongnuch ********
@John *********
the order came from government because of the rise of boileroom scams, debit card frauds, phishing and bitcoin misuse. I don't have a copy of the government order, however the information came from a bank manager who told me this. . . . . . . . I am sick of meeting distrust and doubts in this group. I was the first one to post about the agents not being able to open bank accounts for tourists any more, and I have been met with distrust and a shitstorm. I am sick of being asked to justify my informations and my knowledge. Enjoy the evening, Sir
John **********
John **********
@Nongnuch *******
please share this order so we can see it. The order regarding mule accounts, which seems to be the issue for agents, says nothing about tourists opening accounts.

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