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expat banking
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I was told by my visa agent today that if I deposit 500,000 into my Bangkok Bank Account, they will hold that money for 90 to 120 days. Regardless of where it came from or where it is going.
If that is true, What the Fck is going on here?
I have seen reports that differ... Can anyone comment with actual first hand knowledge of the situation? Please don't waste my time with comments that are unrelated to the question asked.
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.
Not necessarily a visa question but I would imagine you need it, can you get a Thai credit card or are you better off with one from your home country - Australian
Quick question. I used wise debit card at ATM to withdraw 20000baht from my baht current account. ATM charged 220baht but wise also charged me 350 baht. Is this normal , l was told only ATM charge will be 220 baht.
I have friends that are moving to Thailand and are wanting to get on the DTV Visa, most likely under the digital nomad category. Has anyone successfully opened a bank account? Is there an agency that is able to help them open an account? Husband and wife would both like bank accounts! Thanks for any help and sorry if this has been answered multiple times!