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international banking
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Hi, I’m submitting a DTV workation application from Hanoi very soon and would like to hear some opinions on how I should best present my proof of ending balances of over THB 500,000.
Here are my possibilities, if you were in my shoes which one of these 3 options would you select and why:
1. Wise account that shows over THB 500,000 saved up for 3 months or more.
2. New Zealand bank account that also shows over THB 500,000 saved up, but has only had that amount in there for 3 weeks. Before that it had almost nothing.
3. Submit statements for both accounts in application. I realize submitting 2 accounts can be confusing and count against you, but surely it's not an issue if both account have over 500,000?
It’s a bit of a headache because Wise isn’t a proper bank, but the statement from the actual bank is under 3 months. And yes, I’ve looked up old posts in this group beforehand and it has helped a lot. But I’m keen to hear fresh takes, especially from those who’ve successfully applied from Hanoi. Thanks!
As I get more questions from fellow DTVers regarding the matter in private, I wanted to share my family’s 4 month experience of living without Thai bank accounts on DTV visa and walkarounds that proved to be working so far.
The story is pretty standard: we live in Thailand with kids and got affected by the first wave of Thai bank crackdown in May.
As my wife is a DTV holder and so is the elder son, they got their bank accounts frozen and shut down later. That happened in April-May this year.
What makes our case even “better” is that payment cards issued in our country don’t really work overseas.
So what worked for the family and working so far is the use of cambodian bank account, which has Thai QR and is crypto friendly with cash payments plus cash payments (cash is king in Thailand).
We use 2 banks that are owned by international groups, which makes me less worried about the funds there and that issue proper Mastercard/Visa that work globally.
All bigger payments (school fees and other significant transfer) can be done by instant transfer to a Thai account. But it costs $15 per transaction.
Smaller purchases are working through QR-payments to legal vendors.
The issue still persists with smaller transfers or payments to mamas and papas shops. Here they use cash or ask me to pay 😂.
Hope this helps and also hope it won’t deteriorate as quickly as Thai banking system accessibility in the past 3 years.
Ok so I just deposited a bit of money in my Bank of Bangkok account only to find out it's been frozen. They are asking for a swift verification from my bank in America or embassy... I have not a clue what that is or what to do. Don't even understand why they need anything from my American bank. Any help would be appreciated...thanks
Hello, I got a few questions, and hope kind soul can assist:
1. The DTV dont allows people to have a Thai Bank account. So how do you guys pay rent year by year (assume you plan to stay 5 year). I couldn't possible hold Cash and use Cash all the time right? I don't plan to search for banks to open one and end up getting the funds locked and account closed eventually
2. What type of international banking platforms do you guys use for banking with minimal costs and fees?
3. For property rentals, in my Home Country there are property agents from proper property companies to assist in signing tenant contract agreement, but I am not sure in Thailand. There are home owners trying to market their own property, or even middle man who are not licensed property agent, can we trust them?
If you are looking for a way to pull money outside atm or WU
Krungsri bank 200 baht fee off your US Debit and at rate for market. Bring passport quick and easy no ATM fee or foreign atm fee
** Edit just to clarify for the troll of the group Stewart Stuart Cumming a moderator they will only do this if you are wanting to pull over 60000 baht otherwise they will tell you to use ATM.
Sorry I assumed he would have common sense that if you were pulling lower amounts they would tell you to use ATM .. seems I forgot the nature of trolls on the net
I hope this falls I to the everything else category.
I have been in the UK since April and have had no issues with my Bangkok Banking app for the three years I have had the account. Today I tried to open the app and was presented with the message below. I am somewhat surprised because I bought the sim card I use in 2019 and opened my bank account in 2022. I certainly did not use anyone elses name to get either. I have rung the number and spoken to someone about the issue and they say I have to go to my local branch to sort it out. As that is over 6000 miles away I explained it wasnt possible! I also explained that now I am unable to pay my rent or for utilities and other things. He told me he would look into it and would contact me within 5 days by email. I dont hold out much hope. I also need to transfer money back to UK as the cost of living here is horrendous and I cant return to Thailand until October.
Has anyone else had this situation and found a way to get around it from abroad? I am aware that it has happened to others but I thought I was safe as I had both sim and account in my name?
I'm going to be flying to Hanoi soon and applying for a DTV Visa. Most of my bank accounts are Canadian and Singaporean, but I'd like to forgo the Vietnam visa fee by entering with my Norwegian passport (also time consideration as my flight leaves soon). Would it be awkward to apply with my Norwegian passport, if all of my bank accounts are Canadian and Singaporean?