Answered2 years ago
Will my bank close my savings account if I don't renew my retirement visa in Thailand?
Asking on behalf: if you don’t renew your retirement visa, will the bank close your savings account if they know about it?
Answer summary
The general consensus among the comments is that a bank in Thailand will not close a savings account just because a retirement visa is not renewed. Accounts are typically only closed if they have no funds or inactivity for an extended period (usually two years). Users also pointed out that a lack of activity for one year could lead to the account being locked until the account holder visits the bank to unlock it.
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Norbert **********
They dont close that account,they close it if 2y is no movement on it.
Stephen *******
No, why would they? How would they know?
Bart **************
No, you can keep it
Peter *********
No
Phil ******
No
Bobby *******
No
Tony ********
Also if it has no activity for 1 year it will become locked and you would need to visit the branch to unlock it.
Glenn *****
@Tony *******
my BBL account had a balance under ฿100 and no activity for five years and it was never locked.Tony ********
@Glenn ****
your lucky, we've had our scb account locked, although it may be part of the new banking standards introduced a couple of years ago to negate money laundering. I read a report the other day around 10's of thousands of dormant accounts had been deactivated in the last year in Thailand as part of the laundering crackdown.
Graham ******
No, not unless it has zero funds
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