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Robert *******
This is a summary of
Robert *******
's contributions to the platform. They have posed 3 questions and added 355 comments.

QUESTIONS

COMMENTS

Robert ********
The DTV is not a long term visa. You must leave the country regularly and afaik you can’t convert it into one.

Plus staying more than 180 days makes you a tax resident. Don’t know if you want to deal with that.
Robert ********
@Jorge *******
You should move it to a broker and get about 10+% a year in growth plus dividends.

Money in the bank always looses value due to inflation.

And: you almost can’t move it out of the country. They try everything to block you.
Robert ********
@Jorge *******
Oh yes!

And exchange rates make it way better than any other way to get money into the country. (Card or transfers)
Robert ********
The money is clearly the same forever.

Bring your partner along for the address. I’ve always done that and never had any issues. And I bet 90% of all expats do the same. If not, just have a (hand written) letter with a copy of the Thai id and tabien ban. That must be enough.
Robert ********
@Alan ****
Good for the banks yes. But also for scammers and money laundering.

That’s why one could open a numbered account in Switzerland without any problems - 30-40 years ago, but not anymore! Same here.

Can foreigners open accounts in your home country?
Robert ********
@Graham *****
I have read many and I know personally 5 on retirement extension whose accounts have been locked until they went to the bank and got it unlocked without any extras. Most residents learned about the phone problem long ago. 😉

My guess: too many scammers opening accounts for Indian/Chinese call centers, so they must make sure you are legit.
Robert ********
@Graham *****
So you haven’t read all the posts of ppl whose accounts have been locked and they have been asked to come to the branch to unlock it?
Robert ********
@Terry ********
easy.

Don’t use an agent to circumvent the requirement of 800k in bank! You will run into trouble sooner or later!