Any idea if this will impact inbound transfers?
Kplus — Can no longer transfer more than 50k thb per “day” anymore, all I ever used the account was for getting money from Europe, twice a month for many years on average with out issue to pay the wife and bills. This is despite me using a correct simcard and already did facial scan at the bank a while back. Probably gonna take a few days to move funds out gonna switch banks. This is utterly ridiculous. Been with them for 4 years with no issues. Luckily, I have four other Thai banks with no such limits. Only been using K plus because they are usually the fastest for international transfers might keep using them. Hopefully inbound won’t be impacted. I don’t think so, but won’t be using them for storing money or paying bills.
TLDR : Answer Summary
Recent changes to KPlus banking app have imposed a daily transaction limit of 50,000 THB for outgoing transfers, prompting concerns among users about the impact on inbound transfers from abroad. Despite frustration from customers who frequently transfer funds for household expenses, many believe inbound transfers will remain unaffected by this new limit. Some users have successfully adjusted their transaction limits through bank branches, while others report being restricted by the app. The discussion highlights various user experiences and opinions on the best approach to manage finances under the new restrictions.