Which bank should I hold my money in for a retirement visa in Thailand: Thai or UK?

@Ivan ***********

you just make sure you have more than enough, what if you put 0 in a baht account and the exchange rate goes up 1 baht then you lose a huge chunk of your money if you leave Thailand. If it is in your own currency you can just send it back to your bank in your own country no problem

@Br***

yes if you specifically plan to send the money back after, that is the reason to use a FCD, so you save (a little) on forex costs. These days you need to leave it all there for 5 months and half of it there the rest of the year though.

"If the exchange rate goes up 1 baht" - but equally it can go down one baht, and you don't know which way it is going to go. The long-term trend against GBP is that THB has been getting more valuable, not less.

If you actually plan on living in Thailand, rather than this being a temporary holiday where you will go home after, you are probably better off having your money in the local currency.

@Jan ********

I didn't know that. I have already sent 2 times 3000€

@Petri *******

I wouldn't worry 😉

@Kenny *******

Never had a problem with KK for over 10 years. Had quite a few with BBL and SCB in the previous 6 years though, which is why I moved to KK. Wish I'd done it when I first arrived

@Stan ******

Have never had a problem with BAngkok Bank.

@Stan ******

interesting. Have had many problems with KK plus their exchange rate from US dollars is always the worst.

@Kenny *******

That's why I never change with Thai banks, I do it with Transferwise which always gives a better rate. My experiences with Bangkok Bank were terrible. Even Thais say it's the worst bank of all, but if you're happy with it, then fine.

@Stan ******

bit of a sweeping statement have you asked all Thais

@Jon *******

Of course I haven't because about 70 million might take me a bit of a while. 🙄

But I have a lot of my adults students and of those I have asked about it, all have confirmed it's got a bad rep with Thais.