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Will my bank close my savings account if I don't renew my retirement visa in Thailand?

Retirement Visa Banking in Thailand Savings Account Visa Renewal Expat Financial Advice

Oct 24, 2024

2 years ago

Rog ***********

ORIGINAL POSTER

Asking on behalf: if you don’t renew your retirement visa, will the bank close your savings account if they know about it?

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TLDR : 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.

NON-O RETIREMENT VISA RESOURCES / SERVICES

Go to the Retirement Visa Section for information on requirements, including age restrictions, financial requirements, and necessary documentation.
For immediate assistance, contact Thai Visa Centre directly via LINE at @ThaiVisaCentre or Email them.
Explore recent discussions by using the Non-O Retirement Visa tag in the search box at the top of the page.
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Norbert **********

They dont close that account,they close it if 2y is no movement on it.

2 years ago

Stephen *******

No, why would they? How would they know?

2 years ago

Bart **************

No, you can keep it

Peter *********

Phil ******

Bobby *******

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.

2 years ago

Glenn *****

@Tony *******

my BBL account had a balance under ฿100 and no activity for five years and it was never locked.

2 years ago

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.

2 years ago

Reply to

Tony ********

Graham ******

No, not unless it has zero funds

2 years ago

Reply to

Graham ******

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