Answered10 months ago
What will happen to my Thai bank accounts if I go onto a DTV visa?
Question: what will happen to the bank accounts that I already have in Thailand with 2 different banks if I go onto DTV?
Answer summary
The community expresses mixed opinions on the status of Thai bank accounts upon changing to a Digital Nomad Visa (DTV). Some users believe that existing accounts will remain operational, especially if the account holder has a history that signifies low risk for banking regulations. However, there are concerns that banks may close accounts if they learn about the visa change. Many suggest maintaining a low profile and avoiding inquiries about visa status at the bank. Ultimately, the outcome may depend on the bank's current protocols and individual circumstances.
103 repliesnewest first
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Anonymous ******************
nothing will happen, don't listen to trolls, that's all been debunked already, if you opened with non-b your accounts will stay active forever
Marc ********
Nothing. How would they know you changed your type of visa?
Mi ****
Nobody knows....I'm in the country with a DTV since early November, nothing happened so far. I have 2 bank accounts, one of them with 2 term deposits and a credit card attached to it. I opened them 7 years ago with an O-A retirement visa. Planning to change from DTV to LTR in 5 years.
I **************************
Probably they closed them, or not
Cale *******
Dont tell them or they will make you close them !
Trikker **********
I was told they might close this it in feature now I got DTV after got Bank account, they said maybe in a year or two. It will be a pain for me when use to pay rent, power and water every month
Anonymous *************
OP@Trikker *********
hopefully some changes will be made by then to make things easier, it's still a very new visa and I think that some adjustments will eventually be made
Chris *********
Nothing. Remain anonymous.
Chris *********
No need to state that you're going to be asking a question then follow through with a question. Get to the point. Ask the question.
Anonymous *************
OP@Chris ********
I did, calm down ☺️Urs ********
Can someone explain this to me?
DTV holders cannot open a bank account, but if they stay in the country for more than 180 days a year, they are liable for tax. Without a bank account, you can't pay taxes at all because the tax office has no information and no tax number, right?
DTV holders cannot open a bank account, but if they stay in the country for more than 180 days a year, they are liable for tax. Without a bank account, you can't pay taxes at all because the tax office has no information and no tax number, right?
Simone **********
@Urs *******
same situation here, first year with DTV and stayed more than 180days. As far as now I’ve just applied for a Tax ID but I really don’t know how will I pay with no bank account, hopefully WISE?Anonymous *************
OPOk, you two, enough 🙏
Marc ********
@Urs *******
you can of course still pay taxes.Urs ********
@Marc *******
No bank acount, no tax number.Marc ********
@Urs *******
and yet you reply everytime with your nonsense. India delta india oscar tango.Joke is on you. Asking a stupid question and don't want to hear the answer. Most stupid thing I have experienced in a long time
Urs ********
@Marc *******
You're like the pigeon on the chessboard. I'm not going to waste my time on such a numskull anymore. I hope you finally get a proper education in the coming year. Bye.Marc ********
@Urs *******
india delta india oscar tango. Big time. Insisting on stupidity. And don't even realize it's not possible that they will not collect tax if you don't have a thai bank account. Big bloody india delta india oscar tangoUrs ********
@Marc *******
You're acting like a whiny little girl. When are you going to grow up? No plans so far?Marc ********
@Urs *******
No it's you. You're hiding behind a locked profile not meUrs ********
@Marc *******
it's YOU! I know your kind of cteatures.Marc ********
@Urs *******
That's what guys like you do not meUrs ********
@Marc *******
I bet you're the typical Thailand tourist who hangs around in girly bars and talks a big game, but knows nothing about Thailand.Urs ********
@Marc *******
typical loser comment! 😂😂😂 GFYSMarc ********
@Urs *******
well obviously you don't know much. I think you are just a liar feeling importantUrs ********
@Marc *******
I pay taxes in Thailand, you 🤡. I'm not going to beat the system. Unlike you I know how the tax system works. You're the loser.Marc ********
@Urs *******
I certainly have an idea how they will collect their tax when they are ready. Only you are foolish enough to think you can and will beat the system😅🤡Urs ********
@Marc *******
You don't have the slightest clue about the Thai tax system, but you act like you're an expert. 😂😂😂Urs ********
@Marc *******
You're so out of mind. 😂😂😂Marc ********
@Urs *******
yes I know loophole. I have not lost either as you are just not intelligent enough to understand they will have a way to charge tax once it will be enforced. Then you can shuff up your non existent bank account where the sun never shines🤡Urs ********
@Marc *******
Do you understand the term "loophole" at all? 😂Urs ********
@Marc *******
You're just a stubborn little Swiss bloke who refuses to let go of his misconceptions. How pathetic! But just accept that you've lost.Urs ********
@Marc *******
So, now you tell me how they charge tax! And tell me how the Thai tax return form looks like.Marc ********
@Urs *******
all I know is they will be able to charge tax regardless if one has a thai account or not.You are foolish to believe you have found a loophole😅
Urs ********
@Marc *******
Dude, you're nuts! You don't even realize what a fool you're making yourself with every comment you write.Make it your New Year's resolution to only talk about things you understand and avoid getting involved in things you don't have the slightest idea about.
I understand that you don't like to be seen as a loser and want to make yourself look better. But the longer you continue with your absurd comments, the worse it gets.
Marc ********
@Urs *******
I don't need to be corrected by a dude hiding behind a locked profile asking a question and when you answer it he starting argue and insisting on nonsense.You are ridiculous. Yes I know it better. Anybody stays longer than 180 days in a calendar year will become a tax resident. And tax will have to be paid regardless if one has a thai bank account or not🤡
Urs ********
@Marc *******
You're an incorrigible know-it-better, but you haven't the faintest idea what you're talking about. Pathetic! Very pathetic!Marc ********
@Urs *******
stop being goofy. With your locked profileUrs ********
@Marc *******
Stop acting so big, you ignorant 🤡.Marc ********
@Urs *******
you don't even understand the word simular😅All I need to know is I have to pay tax regardless if I have an account or not
Urs ********
@Marc *******
See, you have not the slightest clue about the Thai tax system. It's not the same tax Form at all. So shut up with your zero knowledge.Marc ********
@Urs *******
I pay my taxes in switzerland and have to fill out forms🤡 it will be simular in thailand. So now am definately done with 🤡youI just hope nobody believes you and will regrett in future
Urs ********
@Marc *******
As I said, you've never seen a Thai tax return. So you can't really comment on tax issues. Pathetic!Marc ********
@Urs *******
believe whatever you want Ursli don't pay your tax. I just hope nobody believes you and getting screwed when they follow your "advice"😅Marc ********
@Urs *******
if you have any of course. If not then you have to write whatever money you brought in the country🤦♂️ omg how can somebody that stubborn.First asking a question and then not like the answer and argue. Wha ask in the first place if not accepting the answer?🤡
Urs ********
@Marc *******
Are you really that ignorant? You have to attach an annual bank statement to your Thai tax return. You have absolutely no idea, but you want to have a big say in something you don't understand.Marc ********
@Urs *******
well it is getting to stupid for me talking to you and Idk if you evee stay more than 180 days in Thailand and if they would ever find out and chasing you donw for it... but I would love to see you telling them you couldn't pay tax because you don't have a thai bank account😅Anybody could use this as excuse🤡
I have to pay tax in switzerland regardless if I have an account or not. You think in Thailand it would be any different😅 like you can just avoid paying taxes by just not having a local bank account🤡😅😅😅
Urs ********
@Marc *******
You have never seen a tax return form.Urs ********
@Marc *******
But go ahead and pay your taxes at 7Eleven. 😂😂😂Urs ********
@Marc *******
You're the one who has no idea. I've been living in Thailand for more than 10 years and I know the tax system inside out.Marc ********
@Urs *******
you have to give them your financial situation. How much money you transfered to Thailand. ATM withdrawals, cash you have brought in... everything.You really are clueless and uneducated but want to argue😅
Urs ********
@Marc *******
It's just like in Switzerland. Anyone who spends more than 180 days a year in Thailand must fill out a tax return and declare the income in their Thai bank account. You lost.Urs ********
@Marc *******
And how does the tax office calculate the taxes to be paid?Marc ********
@Urs *******
BS they will give you a bill and you pay it. Maybe at 7leven or at the tax office. You do not need a Thai bank account in order to pay taxesUrs ********
@Marc *******
As far as I know, money transferred from a foreign account to a Thai account is taxable.
Ossie *********
Don’t say anything when I need to actually go into the bank and they ask for ID show your drivers license that’s what I’ve always done
Jason ******
Don't say anything the chances are you'll be okay but if you raise the question they could close your bank account down
마리오 ***
Nothing.
Khun ******
It will be ok if not Bangkok Bank.
Anonymous ******************
Nothing will happen.. you will be fine, don't listen to idiots
Paul *******
Anonymous participant 593 Nothing will happen until the day you go in for a new debit card, but if that's still years away (max length of time is 5 years) then who knows what the rules may be then but if it's within the next 6-12 months, I'd expect an account closure if you're on a DTV or visa exempt at that time.
Anonymous ******************
@Paul ******
i went many times already as I hold multiple accounts, if you opened them on non-b and got history with the bank spanning for years they will not close your accounts , I got new card reissued already while being on a stamp and then switching to other types of visas - no problemsPaul *******
Anonymous participant 593 That's good to know but I still think it depends on the bank you're using.
Anonymous *************
OP@Paul ******
I don't use a debit card, it expired a year ago, all paid with QR and cardless withdrawals every now and thenPaul *******
Anonymous participant Then you're probably fine.
Jason ******
@Paul ******
you don't need a debit card my bank account offers cardless cash you just use your telephone number which is connected to your Thai bank and get a code it's very easy this is what I will be doing next time
Tarem *****
if you lose your debit card and want a new one it will be a problem
Adrian ********
@Tarem ****
it was not an issue for me recently. Went in, paid 100 baht (I think) and got a new card issued to me on the spot.Tarem *****
@Adrian *******
wow that’s weird cuz i when i applied a new one they did check my visa status kbankAdrian ********
I think it’s pot luck, so far I’ve been very lucky with my account. I go into my bank quite often and no one has ever questioned me about my visa. I’m with Krungshi Bank
Anonymous *************
OP@Tarem ****
I don't use debit card
Olaf *********
They will close it
I **************************
@Olaf ********
not true at all
Nick *******
@Olaf ********
they will not definitely do that. It depends on the circumstances, especially if married to a Thai, has a house/condo etc.Olaf *********
@Nick ******
we have Condo, paid through Bangkok Bank, but they didn't care about it. Clear advice from headquarters - no tourist visa gets bank account.Nick *******
@Olaf ********
try a different bank. It is clear BB are the worst when it comes to foreigners.
Paul ****
@Nick ******
they will definitely do that sooner or later if your status is a tourist
David ******
@Nick ******
House and condo have nothing to do with it, If your on a tourist visa (DTV is a tourist visa) You are not allowed to have a bank account. If your married, Retired or on other appropriate visa then you can have bank account. A friend just before Christmas has had his Bank Account closed. He not long got his DTV but had bank account for years.Nick *******
@David *****
I live here too, I disagree. ThanksDavid ******
@Nick ******
I live here and have done for decades and I know hundreds of Foriegners in Thailand and not just Farang. Will not be long before all bank accounts on non eligible visas are targetted. Especially if the opposite to a Shinawatra type government gets in.Nick *******
@David *****
just because you know some people that have been affected that way, it doesn’t mean everyone has or will. Do you know Farang in Thailand. I know people that have had a different experience. Just accept it.David ******
@Nick ******
I also know married people with condos that have had their accounts shut down. Only eligible visas like marriage visa/retirement visa can have bank accountsNick *******
@David *****
you are wrong. I know married people with DTVs and condos that have opened accounts. You are just fear mongering.Anonymous ******************
@David *****
fear mongering.. 99% who got thai banks are fine just like 99% of DTV holders who enter the country. We just keep hearing stories of the shady/extremely unlucky onesAnonymous ******************
@Olaf ********
they will not
Anonymous ******************
redistributed to charity
Jesper *******
Depends on the latest protocol of banks and how do they know if you don't visit the branch let's say you have opened both accts on other visas
David ******
@Jesper ******
Your passport number will reveal all if they decide to check
Alain ***************
If you don’t do anything, you might be totally fine. But IF they for some reason close your account and you have to prove that you’re eligible to meet the requirements, could be a difficult situation. I opened mine on tourist visa 8 years ago, had a job with non b in the meantime and then found out that my lifestyle doesn’t need work and i want to retire. Unfortunately not 50 yrs old yet
Luc ************
Ask your bank.
Paul ********
Don’t ask the bank. Just keep a low profile, and carry on carrying on..:
Pete *******
If you already have Thai bank accounts with significant history then you would be deemed low risk regarding KYC protocols. You cannot open accounts on a DTV and newly opened accounts have been shutdown but existing low risk customers should be fine. Why don’t you go into your branch and ask?
X *************
Not necessarily true. If you need to go into the branch for any reason and they see your on an ineligible visa the bank may ask you to change visa or face account closure How they handle this depend on Bank, bank branch so no one answer is correct but I have heard of banks telling people to change visas or face account closure. Going into a branch to get new debit card, or to do anything else in person could trigger this. .
Marc ********
@X ************
don't wake up sleeping dogsPaul *******
@X ************
Yes, true.Paul *******
@Pete ******
Mostly correct but depends on the bank. Wouldn't be surprised if Bangkok Bank shutdown someone's 18 year old bank account just for finding out they're on visa exempt or a DTV now.Anonymous *************
OP@Pete ******
because I'm only just learning about DTV and taking switching into consideration
Phil ******
Anonymous participant theoretically they will close your account if on dtv.
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