Will the 60-day visa exemption ease restrictions on opening bank accounts in Thailand?

@Alan *****

exactly

@Tony ********

lots of positive posts on here about them which speaks to their professionalism.

@Tony ********

millions of people great company. One stop, Cambodia Inter travel is Great too. Its just an easy Bank account.

@John *******

I know loads who stay 90 days and longer

@John *******

When you sell your house just come on a 60 day visa exempt. They say it's coming. Once here apply for your retirement visa. It's easy. I did it this year

@John *******

must be true its on tik tok.

It did say 60 days in Thailand but that is what people get now 30 + 30

@Shayne *********

You should mention this to banking authorities in the US. They are paranoid about money-laundering and thai banks hates it. They don't like the extra paperwork, mainly because of FATCA.

@Shayne *********

it's a global thing. In a response to things having been to lax for a while, governments have been requiring banks to do more against laundering. Thailand and its banks do not have much choice but comply with what its global trading partners demand. But there are now signs in several countries that things have taken the wrong turn. For instance in my home country there have been citizens who went to Mekka for their hadj, which showed as a clear pattern of tourism expenses on their account, but were required by their bank to justify all their expenses with receipts, to the penny. It is possible that current measures get reviewed at some point and that policies become more targeted towards the actual problem.

On the other hand... how do they know that you are planning to stay long term and opening a bank account because immigrations requires it, and that you're not laundering anything, before the account is actually open? The requirement to reside somewhere before being allowed to open a bank account does appear quite sensible to me. Perhaps the circle must be broken elsewhere: at immigrations requiring the money to be banked in Thailand before you go on an extension of stay and can get residence certificates.

@Shayne *********

I'll bet everyone says the same when they open an account 😆

@John *******

when you get here, the easiest path is to pay an agent to open one with/for you.

@John *******

you can't open a bank account in Thailand from the UK