I read a lot of posts about people looking for to open to a bank account with the DTV visa and here's my experience.

YOU CANNOT OPEN AN ACCOUNT WITH THE DTV VISA except for particular cases (you are married to a thai, you have a thai son/daughter, etc). I know it sucks but I've been using for a few months TrueMoney and I can guarantee is a great 2nd choice. I've obtained the full access to the app (it required me to send a picture of my dtv visa + a picture of the entry stamp on my passport) and this is what I can do with the app:

1) I can scan pay EVERYWHERE, including the small auntie at the local market

2) I can link the payment to most of the app (grab,bolt,lazada, shoppee etc)

3) I can create a virtual debit card to buy stuff online

4) I can link that card to google/samsung pay and pay with the NFC.

5) I can top up at the true store up to 50k baht, I believe that out of every tesco lotus there's an automatic machine to do that

6) I can obviously pay at everystore which is true money friendly (7/11)

With that said, having a bank account is great but with true money I can do 99% of the things I would have done with a bank.

PS: I got cash with me so I just exchange the cash at the local superrich and then transfer it on my account. On the app there's the possibility to link it to a credit/debit card, not sure if that works just with local ones or it'll accept a foreign card as well

Question for DTV holders currently (or were recently) in Thailand: Now that access to a Thai bank account has been cutoff, how are/did you pay(ing) your rent?

For DTV visa does the 500k need to be in a foreign bank or can it be in Thai bank? TIA

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.

Dear wise people- My Bank deducted a Tax from my brand new saving account. Does that mean I can ask them for my tax number or is it just bank business? Thank you!

Account Suspension – Bank of Ayudhya

I’ve been overseas for the past 6 months and found my Krungsri account suspended. It seems to be due to not verifying that my phone number matches the account name (I never got around to it). Down 500 baht, not much but I bloody well want it back.

My Kasikorn account is still working fine.

Anyone else having access issues?

Let’s talk about True money and its benefits. Please note I also have a long term visa and Thai bank account so I have an ‘advanced account’ with True Money.

Process

1) apply for an account using the app. You need a Thai phone number as everything is based on this. Any Thai carrier works it doesn’t have to be True.

2) once your advanced account is approved you can also get a virtual prepaid mastercard generated in the app. Useful

3) you can top up via bank transfer, cash at 7-11 or at a true money kiosk at the true shops in the mall.

Spending

1) can pay any business or individual with QR code payments. The so called ‘Scan’. Very convenient and no need to carry coins etc

2) utility bills can also be paid along with topping up your phone etc

3) can use with Grab. There is pre built integration between the apps so the transactions come out of your account. No more foreign credit card fees or drivers not having cash change

4) the prepaid Mastercard has many uses such as Bolt or online shopping

5) you also have your own QR code to receive money from other peoples bank accounts

6) can withdraw money to your Thai bank account but I haven’t tried that yet.

Overall what this allows me to do is keep my bank account ‘clean’ for immigration purposes without a large number of small transactions.

American bank will charge 35.00 transfer fee to Thai bank and says same day wire with no atm fee. Would using wise be better and if so why. I have looked at the wise site. I appreciate all the help this group has given me so far

Any update on Wise ? I know of a Thai woman who recently tried to send money from UK to the Kasikorn bank and the payment was refused by the bank.

Where can I open Kasikorn bank account in Chiang Mai right now?