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bank account regulations
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Hi . I lived in Thailand a few years ago still have a savings , FD accounts with monies . Moved away for few years and now coming back . Is it possible to combine both these account and my uk account to show 800k?
I need some legal understanding, if someone would be kind enough to clarify this for me. We are having an internal family debate over the Thai government website in regarding opening a bank account.
We have the DTV visas, and IF we bring money into a thai bank account - so foreign income that WAS already had paid tax on in Australia, is apparently to be TAXED here again if you spend over 180 days in year.
I know SO many people WHO have bank accounts here that live here for a long time and do not pay tax.
My partner thinks that whatever is on the government website is in fact law and is protected from it…
Could someone please clarify. Thank you
(Putting this in multiple pages to get more reach to hopefully get the right answers). Thank you
Looking for opinions here. I have a kasikornbank account. I work online with DTV visa and the money gets paid into my Kasikorn account. I don't have a bank account in my own country because it was closed a few years ago due to inactivity...
So with all this stuff happening about bank accounts being closed if you don't have a long term visa, I'm a bit worried. But I've heard it's only for bank accounts opened since 2023. Is that true? Will they later look at older accounts too? I've had my Kasikorn account since around 2010, but can't remember what visa I had when I opened it. I think it might have been a tourist visa lol
So I'm wondering, should I just ditch the DTV visa, which I went through great lengths to obtain just two months ago, and get a long term visa before other banks (like Kasikorn) start implementing the same policies AND looking at older accounts?
I have a Thai son so I can get Non O visa, but it would mean another trip out of the country, putting 400k back in the bank etc. I'd rather not do that, but I don't wanna be un-banked...
I'm going from an edu visa to DTV (workcatiion) on my second passport. I have a Thai bank account. My friends said it could be blocked once I switch to DTV. Has this actually happened to someone?
I went to 3 banks and asked because I am thinking of switching from Retirement to DTV. Bangkok, K and TSB. Here is what I was told.
1. You can't get a new bank account on a tourist Visa, unless you have property here (and/or a Pink Card), or are married to a Thai
2. Any Bank accounts already open, will not be closed just because you change to a tourist Visa, (Your history of time is evidence you are not a new account for illegal activities)
3. No effort is being made to investigate and close any accounts that do not look suspicious (many multi millions of baht transactions, new accounts not being used etc)
Hope that helps
Caveats:
1) If you are Russian or Chinese then you will face more issues as your countrymen are the majority of the high publicly for fraud that started all this.
2) If you got a Bank account on a tourist Visa before 6 months ago .. Things have changed your experience has no relationship to today situation
I have a DTV visa - before that I opened a bank account at Bangkok Bank using my previous visa - now they’re slowly closing accounts for foreigners and seem to only want wealthy clients - I’d really appreciate your advice on which bank still allows foreigners to open an account - having one here is important and very convenient for me.
Updating your passport info at your bank or the money will be confiscated rumors. Is ABSOLUTELY FALSE. It’s true that all foreigners with Thai bank accounts need to update their passport information or they will not be able to use the bank phone apps. I bank with Bangkok bank hope this helps and people don’t panic.
Hi everyone! I would have a question.. Are there some people who received the DTV VISA without the savings on a bank account? I have enough savings but not on a bank account... Would appreciate every answer. Thx in advance. :)
I apply 90 days prior to moving to Thailand while I am here in the USA?
At the end of the year before my Non O visa expires I will have received my social security check for over 10 months … will I still need to keep that individual bank account with 800k baht?
I am just trying to confirm that I have my head wrapped around this to some degree, thanks
So as a thought seeing the bank account problems. Would opening an account with a Thai bank in my own country with the 800,000 baht equivalent be accepted by immigration. Second thought if now would it make it easier to get an account in Thailand by transferring said account to a branch in Thailand?