There is no official information on this, some bank branches say it’s ok, others tell you to withdraw your money.
I had a long term visa years ago, but kept my account and transferred a lot of money to it over time as it was convenient (and the terms and conditions did not mention that I needed to update visa status with them)
I am in another country now, banking still works fine (got a new debit card and reinstalked the app with them recently), but i withdrew everything today just in case.
I find this freezing of accounts (without notice and option of
withdrawal abroad) arbitrary, even though the accounts were legally opened (not on a dtv, or tourist visa) and I hope someone with connections and money takes them to court for this bs.
Japan is currently doing something similar, but the banks are doing it based on a new government law depriving former residents of their bank accounts with a notice, thus allowing time to still get your affairs in order.
I am German/American, most people in these countries don’t have 2.000 €/$ to lean on in case of an emergency. Unless you have income from rents, interest, stock sales, or are a moderately succesfull business owner or white collar employee you will never have anything close to even 5 million baht in savings.
still better than your reading comprehension, since there is no mistake, or ambigously expressed idea in the paragraph, and yet you were not able to understand what I said
I had a long term visa years ago, recently changed debit card, phone number with the bank. As per their terms and conditions at Kbank my holding of an account is not tied to a long term visa. Unless they change TOS, or the government tells them to close non resident accounts (as they did in Japan this year) I have nothing to fear. What they do reserve is the right to close your account if it had been irregularly opened as it happened with many T and DTV visa holders
I am a client of Kbank, haven’t held a long term visa for years. As far as I am concerned, as long as the Thai government does not order them to, they have no business closing accounts that were properly opened as in their terms and conditions it does not say that I lose access to my account after my visa expires, nor does it say that I have to inform them when I get a new visa
Check the terms and conditions for your particular bank. At the end of the document they will mention the reasons that would allow them to close your account.
By current laws and terms and conditions that I have checked out of curiosity, they are not allowed to close it if it was opened while on a (ED, Work, Thai Elite, Retirement, etc) visa, regardless of your status now.