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fixed deposit
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Hi Guys, opened my two bank accounts yesterday with KASIKORNBANK in Hua Hin and now want to fund them. First to transfer money to a savings account..and a mimimum of 800k bht then transferring from there to a Fixed Deposit Account which pays some low interest, about 1%, but better than nothing. The minimum 800k bht to stay in that account to satisfy Non O immigrant requirement.
I have been having a nightmare trying to transfer money from my UK Lloyds account..with also exorbitant transfer costs. So transferred some money from my Wise account just to see the difference. The Wise transaction was done in seconds and at a good rate of 43.5bht / £.
I am now thinking of doing the balance with Wise but understand there may be issues in the future.(?). So would appreciate any advice?
And btw: didn’t need to go to immigration at all. Just took my owner documents, blue book etc., together with my passport and that was enough evidence for them to open my accounts. Thank you.
For a Non-O retirement visa renewal, we are required to submit a bank passbook that has been updated on the day of the application.
Am I correct in understanding that this means we cannot place the THB 800,000 in a fixed deposit account, since it would not be possible to make, for example, a small deposit into that account and update the passbook on the day of the application?
Hi, just looking for a quick confirmation prior to switching funds (extension to stay based on marriage). When I come to renew the aforementioned visa next year, is it ok to have the required funds in a fixed deposit account? (The type of account you can immediately withdraw from but lose your interest if you do) I remember reading here that this was ok.. but not ok if it’s an account where you cannot withdraw. TIA