What interest can you expect from a Thai bank account?

@John ********

yeah that would be much better. I looked into it once but my bank said they don't offer this to foreigners yet. Didn't yet look into possibilities at other banks.

@George ************

Thanks for the info! Perhaps someone out there can use it to their benefit.

@John ********

Hmmmm.......that sure would be a new one on me, but its almost as if we are on anther planet here, so ya never know.

@Josh ********

I mean this sincerely. If you cannot relate to what was said then you simply have not had the pleasure or actually read because though a tongue in cheek, it’s essentially a cliche. I can’t even imagine how much money farang have been persuaded out of.

What seems odd to me is you’ve been here four decades and this is news to you? 😳

@Glen ******

lol great idea 💡

@Per ***********

maybe they forgot to tell me worked fine yesterday 🤔

@Per ***********

Online access to SCB is available from the SCB phone app called SCB Easy.

@Michael ******

your visa renewal takes 10 minutes? How?

@Man ****

high interest savings accounts. There are a few in the 4-5% range in the US.

non-O visa : requires 800k baht on deposit in a Thai bank account yielding basically no interest

non-OA visa : allows that money to remain in your home country bank likely allowing a greater percentage of interest AND for what ever reasons a person won’t have to deal with getting their money back out of a Thai bank if things don’t work out

The non-OA is (as I understand it) 1 year + border run ins renewed year and *possibly a third. Beyond this, someone will have to get another visa. Likely a person has concluded if they’re going to stay by this time.

This also as a fringe benefit allows the latitude to keep your money in your absolute control. Thailand isn’t for everyone! Having this amount of time to make decision changes with considerably less financial risk is a good thing.

@Tracy *********

sorry, what is what?

@Ian ******

living overseas I can not open a long term account talking of my experience with my bank in Aus

@Kool ******

I use Bangkok bank I find them OK small amount of interest covers bank charges

@John ********

I got mine in January, and just below 2%. Damn, I put above in my comment. It should have been a little below...lolol

@Peter *********

I have a kasikorn bank account.

I asked if I could buy some mutual funds and they said I had to open a special account for that operation, a sort of investment account.

In order to open this investment account they asked me to show my work permit.

Now I am able to buy different financial product just using the mobile app.

@Sean *********

Obviously, they have loads of accounts like every bank

Just my way of limiting the amount I have here, in case I have to return to the UK. Plus, i get more interest in the UK.

@Glen ******

is there any way to keep your 800K in Thailand for visa purpose and still get a decent interest rate?

@Glen ******

O.01%?