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What are the new reporting requirements for bank transactions in Thailand according to KBank's T&C?

KBank Thailand banking regulations Tax compliance Anti-Money Laundering Financial transactions Expat banking Money transfers

Jun 18, 2025

a day ago

Colin **********

ORIGINAL POSTER

KBank sent there new T&C through some 30 pages, however, asked a AI chat to find a summary, part of which was interesting. 

Banks and financial institutions are required to report to the Revenue Department if a customer’s accounts have 3,000 or more deposit/transfer transactions in a year, or 400 or more transactions totaling 2 million baht or more, to ensure tax compliance.

Large cash transactions (e.g., 2 million baht or more) must be reported to the Anti-Money Laundering Office (AMLO).

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TLDR : Answer Summary

KBank has implemented new terms and conditions requiring reporting to the Revenue Department for customers with extensive transaction activity, specifically those with 3,000 or more deposit/transfer transactions in a year or 400 transactions totaling 2 million baht or more. Additionally, large cash transactions of 2 million baht or more must be reported to the Anti-Money Laundering Office (AMLO). The community comments reflect various experiences and opinions regarding these changes and banking practices in Thailand.

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Jeremy ********

All those street stall food sellers are going to be in for a rude awakening at tax time this year

I hope my ฿30 fried rice doesn’t increase in price

18 hours ago

Steve ***********

How about hit the atm multiple times and self deposit

21 hours ago

Dwayne ********

If retirement, wouldn’t worry, that money isn’t taxable.

a day ago

Dwayne ********

Seems normal, same America. Banks want to track your money & report case you’re eligible to be taxed by your home country.

a day ago

Clifford **********

Bangkok bank has refused a transfer of 26k from a bank in Dubai.

a day ago

Marcel *******

@Clifford *********

26 k in which currency ?

13 hours ago

Clifford **********

@Marcel ******

13 hours ago

Colin **********

ORIGINAL POSTER

@Clifford *********

its always worth a call, I had a problem and found out the account names were different, I contact the sending bank and they updated the info and it was processed ok. BKK bank told me they hold on for payments for a few days and if not corrected there sent back.

13 hours ago

Reply to

Colin **********

Clifford **********

Baht

13 hours ago

Colin **********

ORIGINAL POSTER

@Clifford *********

did you contact the receiving bank and ask why?

13 hours ago

Reply to

Colin **********

Pete *******

Nothing new, just KBank catching up with the rest of the market.

a day ago

Colin **********

ORIGINAL POSTER

@Pete ******

indeed, however, it was the reporting requirements that was new to me, I've never seen it in writing.

11 hours ago

Reply to

Colin **********

Stuart *********

Don’t know about KBank but SCB have stopped transfers over 50k for foreigners.

a day ago

Ant ******

@Stuart ********

50k what baht or foreign currency

a day ago

Colin **********

ORIGINAL POSTER

@Ant *****

As i understand it, below 50kthb no face verificationis needed (this limit can be set in your app, but cant exceed 50kthb). Over 50kthb you need face verification, the total daily limit is 200kthb. I'm not sure if there is a per transaction limit for face verification other than the 200kthb daily limit.

16 hours ago

Reply to

Colin **********

Rodrigo *********

@Stuart ********

Do you mean that I can't send more than 50,000 baht to anyone, or that I can't even receive an international money transfer of more than 50,000 baht?

a day ago

Stuart *********

@Rodrigo ********

They used to offer a waiver where you could do transfers over 50k (face recognition is only for Thai nationals) but that’s now stopped. It might be replaced with another option but currently there isn’t any.

a day ago

Nongnuch ********

@Stuart ********

can't you transfer more than 50,000 THB if you show up inyour bank and do it directly? Since if you show up in person with your passport, it's all only about proper identification

a day ago

Stuart *********

@Nongnuch *******

Yes you can do in branch. It’s all about the app and face recognition. As foreigners don’t have access to the face recognition system (no idea why) then they limit transfers out of you account.

In person at a branch with a passport you can do what you like.

17 hours ago

Rodrigo *********

@Stuart ********

so if i am receiving about 3k usd every month from usa , is there any problem with that?

a day ago

Stuart *********

@Rodrigo ********

Sorry I should have qualified it. It’s transfers from your account using their mobile banking app.

17 hours ago

Reply to

Stuart *********

Simon *********

@Stuart ********

Krungthai did that a year ago... Apparently

a day ago

Zin ************

@Stuart ********

Yeah they also do not let Foreigners to register face scan yet.

And yesterday I wanted to login into my new phone and it do not let me in beacuse it require face scan. 🤔

a day ago

Chris *******

@Zin ***********

Krungsri started face scan about a year ago, for foreigners also. Anything over 50k on the app requires it for me now.

a day ago

Zin ************

@Chris ******

Yeah the same for SCB and I did register face scan 2 years ago. But recently they cancel for all foreigners.

a day ago

Reply to

Zin ************

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