Because of the trouble with the missing "international transfer" deklaration at Bangkok Bank I opened a Kasikorn bank account.
At my first higher transfer I noticed there is a daily limit of 50k Baht. Very annoying.
I went to the bank branch and asked them to raise the limit.
They said no possibility (money laundering).
So I applied for a temporary higher daily limit by the bank app.
After two working days, my request was rejected with the explanation that 50k per day is sufficient for my needs. Really?!
Is accepting a temporary increase in the daily limit arbitrary?
Or does anyone know what requirements must be met to receive a temporary limit increase?
Unfortunately, I've already transferred a lot of money to my Kasikorn bank account, and now I can't use it in the way that's standard practice with other banks.
I often have to transfer more than 50k. This year I renovated and expanded my partner's house. And next year I want to build a new house.
In many forums, Kasikorn Bank is praised as the holy grail. For me, it definitely isn't.
I thought I'd use Kasikorn Bank to make quick and easy international transfers, and now I've discovered that I can't withdraw the money in a simple, normal way.
What a mess.
TLDR : Answer Summary
The discussion centers around the frustrating experience of a user trying to increase their daily transfer limit at Kasikorn Bank, which is capped at 50,000 Baht. Despite multiple attempts through the bank's app and in-branch inquiries, the limit increase requests were denied, citing money laundering regulations. Users in the comments share mixed experiences, suggesting patience, showing consistent account activity, or using other banks as alternatives. Many emphasize the importance of understanding local banking regulations and have provided personal anecdotes about their own limits and strategies in handling larger transactions.
