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expat banking
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Just read this and thought useful for some who deal with Bangkok Bank
Bangkok bank told us that since 1 July, they require you to have the money in your account for 4 months (!!), before they can issue a letter that confirms proof of funds for various visas. And if you do not meet this 4 month requirement, they will lock the funds in your account for an additional 4 months, before you can access it; while giving you the right papers that you need for immigration (proof of funds for 2 months). Its not an immigration or visa requirement, but rather a banking requirement to deter money laundering and people using agents (that is what they told us)
With Kasikorn Bank. I don't have an app. Don't even have a smart phone, yes it is possible to survive without.
All the new regulations with facial scan and maximal withdraw amount, does that affect me at all ?
Normally I withdraw over the counter a couple of times per year and move money to my trading account once a year. Each time around 200.000 per transaction. Don't use ATM. Use the debit card for online shopping. Once a year I get the letter for immigration from the bank.
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.
I have a Bangkok bank account, today I wanted to try opening a Kasikorn bank account with my LTR-WP visa in Nonthaburi. Omg 😱😱 What an incompetent branch or person. She called their headquarters, she had no idea about LTR, she spoke simultaneously with two individuals on two phones in both hands. She passed the phone to me at times so I could answer their questions, well finally no account with LTR after wasting about 40 min ! They asked work permit or country ID .. US has no country ID, we have passport and driver's licence. I run to the next door which is SCB bank. This time she was much faster to let me know their bank don't open a bank account for LTR visa holders. I said LTR visa holders were selected through a stringent process and it is given to top earners, why would SCB refuse to do business with us. She run inside, then came out with a better idea, she copied all my docs and told me that they will notify me in 1 week about their decision. Really pissed I barged into next door which was Kurungsri Bank. They also called their headquarters then copied my docs and told me to wait a week to hear their response. All in all, today I failed opening a bank account three times with my LTR-WP visa. Thai banks are going through a huge confusion, trying to implement new rules but doing it in a total chaos.
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.