What happens to the 800,000 baht deposit in a Thai bank account if the account holder dies?

Get onto the 65k monthly transfers and you won't have to worry about this ridiculous 800k bond

Well obviously you make sure you have a Thai will.

Simple really.

I would just leave the pin for my wife so she can draw the money out as required,funeral expenses,etc

@Holger *************

Any foreign Last Will is NOT valid in Thailand. For all your assets in Thailand, you need to set up a Thai Last Will, according to the Thai Civil Code

And even when you name a beneficiary and executor in your Thai Last Will, it first needs to go through a Thai Court. Only by the Court order, your bank account will be released.

KEEP IN MIND: Any person who withdraws money at the ATM from an account that was set up in your sole name, after your demise, is acting illegally and can get prosecuted!

It could take up to 6 months until the Court clearance, and if the beneficiary is not your Thai wife, the person you named as the beneficiary could get approached by a court staff and asked to pay tea money first.

Keep in mind, corruption is widespread

I would also like some info on this as I’ve made a will in my home country of England starting my Thai partner get the money in my bank so does a English will still count in Thailand if I die or do I need to make another will in Thailand

I've just done a will back in the UK and my solicitor said it was legally binding in Thailand also but interesting to see some comments here.

If this is what you’re thinking about - you’re not out and about to enjoy amazing Thailand. In the words of the amazing American philosopher, Elsa from Frozen, Let it go bro. Lol

It's worth spending the money to use a Visa service so you don't have to put your own money in the bank

There are a lot of acounts money which the banks keeps when the acount owner dissappear of some reason.

Unless you have a will, it goes to the Thai government. Just like every other country.

It goes to your heirs, as does the money you keep anywhere else.

Again last place you rely on Thai legal advise is the internet and a guy next to you on a bar stool!!

It goes to paying up all your bar fines the freelancers u skipped without paying n the massage parlors n rest goes to your thai gfs

Have you thought about making a will in Thailand ?

People saying can transfer via the banking app but theres a new law where if you transfer more than 50k at a time you need face recognition so unless they have your cold body that's not going to work

I wish someone could lend me 1500 baht only

Get an agent..you won’t have to put it in

So the account can only be in one name?

The last Thai girl (or lady boy) you picked up gets it

Same as if you had it in your bank account in your home country ,with what ever has been arranged in your will,what ever you want,you prepare for it 🙏🏽

Do you need a lawyer to make a Thai will?

How much is the process?

Will it to me,,, I'll make sure it gets taken care of 👍

I have been through all this for a deceased swiss friend. His family live outside thailand so gave me power of attorney to act on their behalf. It took about 14 months much of which were delays in Switzerland proving his Will.

After I appeared in Court here, it was about 2 weeks later, that I received papers from the Court, acceptable to Bkk Bank to release the 800k..

With a properly executed thai Will, the process would have been much faster.

For general interest, he had executed a Living Will here, to avoid unnecessarily extending life on tubes and machines, if it was clear that recovery was impossible. When his time came, that helped.

I also have a Living Will, and, like him, carry a body donor card, from Maharaj to support training of new doctors.

(I am merely sharing info for those interested and will not get into any debate about the rights and wrongs. Personal decisions)

My bank said I have to have a Thai will

That's what their hoping for, but if you're dead you won't need it.

My Girlfriend has got access to my mobile banking in chase of habend she can transfer all money she want and last will is made to maybe give a copy to the Bank. Good Idea.

Could you give your atm PIN number to your wife and if you die she would have a few days to clear out the account?

Could send it to me

The advice that I have been given by Lawyers for Expats Thailand

@Brian ********

is to make sure that you have a Thai Will covering it.

What does your will say 🤦

It's very important for you to have a will or the bank will get the money, so make the will to whoever you want to get the money, keep one for your self and one for your lawyer to hold also I believe that you can give one to the bank for reference, it took me almost 2 years to get the money from my friend's will even though it was left only to me, also they will have to go court to get the money even if they are thai so they will need a lawyer to help them out I had to go 3 times and the cost for your lawyer was thb

Depends what you put in your Thai will.

Reckon it's a minefield get back. That's the reason I changed to 66k month now send

Make sure you have a will ;-)