Why is the transfer limit at K Bank for foreigners capped at 50,000 Baht?

I have a KBank account and my transfer limit was reset down to 50K. But I increased it in the app with no problems last week. I did need to use face verification scans both tobincrease the limit and then for each transfer over 50k (I setup the face scan in the bank branch some time ago).

Chinese scammers messed up banking for foreigners in two years time.

Kbank rule

The comprehension level here is laughable.

Anything over 50,000 you have to do a face scan and this as to be set up in branch. I got a message to call in my branch to update and do a face scan for my mobile app. The teller then told me if a need to go above 50,000 baht I'd have to verify with a face scan

That's a day

Ok. Couple of things here to keep in mind. The OP isn’t trying to transfer funds INTO their Thai bank. They are trying to transfer more than 50k from their bank to someone else’s.

This is a newish rule that doesn’t affect only K Bank but most. It has something to do with the facial recognition system the banks are using to allow transfers over 50k. This system doesn’t yet support use by foreigners.

Different banks have implemented different policies to get around this. My bank SCB used to have you go into the branch to sign a waiver that you’d allow transfers over that amount. Last month they said that would no longer work and you’d have to called their call centre to override the limit for a set period of time.

I’m sure other banks have similar systems in place rather than you actually having to go into a branch to transfer - but I can’t confirm this as I don’t have account with others.

SCB have said they are working on a “workaround” but haven’t got there yet.

If Bangkok Bank haven’t implemented this yet I’m sure they will soon. Perhaps not but we will have to wait and see.

Doesn't anyone here have access to KBanks internet bank?

Two things have to be correct with K-bank: 1. Registered phone number name/passport number has to match the registered bank account. 2. You need to go to a branch for a face scan.

I payed a few days ago 0 ฿ for PV-system with the K-App - no problem.

Yep, happened to me a couple days ago. I can’t increase more than 50,000. My Thai wife tried her app and was able to increase hers. She set it at 500,000 with no problem.

I have k bank i want to understand say i want to buy something for example from ebay which is over 50,000 with my debit online i cannot?

It is a new regulation. Krungthai is also the same. If you want to make a transaction more than 50K , you will need to visit their branch and transfer money with your passport at a teller. There have been stricter controls and changes in bank policies due to recent scams.

Same thing for me. Was higher before and I was instructed to come in and verify biographic (take a photo). Made no difference

K-Bank has their own rules

You can either comply with them or change banks

Dear also to me, I use to have limit of 200k, but few months ago reduced to 49.900 a month. The funny think was that last month I had to fight with call center because limit was reduce to 1000 a day, then bank told me to bring passport a bank book( I not understood why always we have to pruve our identity on our account) to ask to increase again, two day and went back to 49.900 baht a day. So, isn't only you, might be reason that we don't know , but I think can transfer , not by scan, bank to bank account with no limit, otherwise if someone wants to buy a car, for example, for is gonna buy with 49.900 baht? For more clarification, go bank or give a phone call to the call center.

Use WISE

I've transferred £2k using wise no problem . Just deposit in chunks

Use Bangkok Bank