I have a bank account with Kasikorn bank in Pattaya, to do this I took out an insurance policy for 6 years and this has now matured.
My question is will the savings account remain open until I can return to Thailand and will O be able to access my savings in my insurance policy.
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TLDR : Answer Summary
The user inquires about the status of their Kasikorn bank account in Pattaya following the maturation of an insurance policy linked to it. Comments indicate that insurance policies should not be required to open a bank account, with several users affirming that accounts typically remain open unless explicitly closed by the account holder or without activity for over a year. As long as the account maintains a balance of at least 2,000 THB, it should remain open even if inactive.
As long as you have a minimum of 2,000B in an account it won't be closed, even if inactive. Under 2,000B with no transactions for a full year, they can start to deduct 50B a month inactive fee until it runs out and then close the account.
They try to con every farang to buy their insurance! Most realise it's a rip-off. But we live and learn. No, you most definitely do not need insurance to have a bank account
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