Anonymous ******************
@John ********
What do you mean “not relevant”? 500,000 baht is a lot of money to many people, and losing out on something like 20,000 baht a year in free interest absolutely is relevant.
First off, it doesn’t even need to be in a Thai bank account. And not everyone has a Thai bank account.
What matters is that you have access to a bank account—anywhere—that holds the equivalent of 500,000 baht and can be shown if required.
So if there’s a bank offering 4% interest for doing nothing, why wouldn’t you keep the money there? That’s free money just for parking your funds smartly.
So yes—it is relevant, on multiple levels.