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financial regulations in thailand
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This page displays all the results for the Financial regulations in Thailand tag, sorted by the most recent activity. There are a total of 18 questions that have been tagged with Financial regulations in Thailand. Explore the questions to find discussions and information relevant to this topic.
Hi everyone, I have a multiple entry retirement visa that expires in 3 months. I have a Thai bank account because of this visa. I'm thinking of not renewing my retirement visa and live between Thailand and Bali so going back and forth can be achieved with tourist visas.
Question: Can my Thai bank account still be open to use without my Thai retirement visa? Or they will close it? Thanks
I understand you need to maintain about 800,000 baht in an account to renew/keep the retirement Non O visa (or at least have it in there for 6 months before renewal) but I’ve heard you can withdraw funds momentarily and go below the 800,000 is this true? And I send money into my account regularly from Canada but is it possible to send it the other way? I mean back to Canada, with a banking app
I havent been to thailand since mid july, my account was frozen in june. I visited a branch and gave them all the paperwork and a sweet lady agreed to open it again. As there has been so many problems with these accounts after I left, do they usually close them 2 times in a row? I am on the DTV visa, I am not married, no kids and no rental contract. but i desperately need a bank account so I can transfer money here for tax purposes. If they wont allow me I guess the elite visa is my only option for opening up an account? Thats gonna be one expensive bank account!
I am at 3 weeks that my Bangkok Bank account has been locked. I visited with a senior manager yesterday and I want to update you on what's going on if you're still waiting like me:
1. The staff that told me funds would be available in three to 5 business days misspoke. The bank manager brought them into the office and reprimanded them for providing that "wrong information".
2. There were dozens of files of people waiting for their funds to be unlocked many whom came to unlock their accounts ahead of me. There were so many, that the files were stacked on the floor in piles by the date the customer came into the bank.
3. The manager informed me that she and the rest of the staff are working 7 days a week in order to provide the necessary information to the head office in Bangkok for the accounts to be unlocked.
4. "If you want to withdraw your funds immediately you may do so but you will be locked out of opening a future account with Bangkok Bank and any other bank in Thailand." I have not confirmed if this is true or not.
5. High net worth customers were the first to have their accounts unlocked. Go figure.
6. She informed me that it is improbable that the unlocking of the account will take up to three more weeks or longer. Typically, she observes the accounts being unlocked from this day forward within 3 to 5 business days. I've heard that before.
I have been on a Non-O retirement visa for over 4 years and have maintained an excess of 800,000 baht all along but would now like to switch to depositing at least 65,000 baht monthly. The interest rate earned in Thailand is so low compared to my accounts in the States. My next renewal is February 2026 but my 65,000 baht deposit will commence this January 2026---or a month earlier if that's a safer option. My question is: AFTER my renewal is completed in February 2026, can I transfer the 800,000 back to my stateside account or is it necessary to keep the 800,000 baht minimum in my Thai bank until I've completed my 2027 renewal? Thanks for any advice.
With Bangkok bank freezing bank accounts for lodgement and withdrawals at the moment till accounts can be verified in original branch. This will also stop funds being transferred for seasoning so could affect future visa applications. As not everyone is in Thailand at the moment and may not be possible to me make it in time.
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