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bank account closure
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Long timer in Thailand. Recent years mostly tourist visas staying on/off in Thailand. Own condos in BKK since 2009 and more recent two condos in Pattaya since 2016 or thereabout.
Am from a Nordic country.
Have had bank account with another major bank but though I would get another one so set up one at Bangkok Bank via an agent about two years ago on a tourist visa.
Kept low balance at the Bangkok Bank but always incoming transfers from another Thai bank in my name. No big money movements.
Went back to the BKK Bank branch in Pattaya as I wanted to update my information (now on DTV visa, digital nomad, issued in my own country).
Had a good conversation with the manager at BKK Bank and they are certainly going through each account as mine was up for review with a high probability of closure.
After updating my info, and showing chanote and purchase contract on one of my condos in Pattaya, my account is now in good standing and will not be closed.
If I did not have property in Pattaya, the manager did not say it flat out, but I could tell my account would be closed. BKK Bank does not recognize the DTV-visa as a long-stay visa since "you can "only" stay max 180 days."
The fact that the visa runs 5-years does not matter to the BKK Bank people.
I am sure much of what I have written here is already known but I wanted to share my first-hand experience and the info given to me.
My strong recommendation is to either go to the BKK Bank branch you opened the account with to update your information if you fall into any of the categories where they will let you maintain your account with the bank even on a tourist visa or move all money out of the account soonest possible.
BKK Bank are actively closing non compliant accounts and there was one guy sitting there told me he just had his account closed.
So just because your account with BKK Bank hasn't been closed as of yet, there is a very big chance it will be. At least according to the BKK Bank manager I talked to.
I hope the above is helpful information for those affected by the same.
Something going down with bank accounts today. Seen several posts across the visa groups. Not sure if it’s a particular bank specific thing or what. The posts mention about the banks closing accounts of people not on long term visas.
If anyone has information as to what’s going on then please share.
Hello everyone, I have a thai bank account that I opened while staying with ED visa. I want to know if it'll be closed when I apply for DTV visa. Anyone Same Condition?
Any tips on closing my bank account and sending the money to the US? I only have a credit union, so no SWIFT/IBAN code. I can't find a transfer service that will send THB to USD.