@Jason *********

I guess, although I don't think one would normally find themselves in such circumstances very often. The best way is to pay in cash, especially when splitting a bill.

Saving on the huge 220 Baht ATM withdrawal fee for foreign cards, plus any fees your home bank charges, is the main attraction for holding a local bank account.

With one single exception over a year ago now (I had to pay someone on the spot) I have not withdrawn money from a foreign issued card in Thailand for almost 10 years now.

@Misha ******

I have 2 Thai bank accounts, but I almost never use QR codes. Cash is the way to go, complemented by the occasional use of credit cards, which can be a lifesaver in some circumstances. Just today I used my card to pay for fuel, after an ATM at the very gas (petrol) station I was at malfunctioned and erroneously told me that my account had no money in it! Decided it was easier to pay by card and withdraw money at the bank inside a mall, which I did later on.

@Georgijus ***********

Wise is OK but not entirely reliable. Any amounts above Baht take 2 or more days to get through. Sometimes even smaller amounts randomly take minutes to hours or even 24 hours to be transferred when yesterday it only took seconds. It's a very inconsistent and strange system they use.

Then you have the fees - manageable for small transfers but suddenly dozens of dollars when transferring over a few tens of thousands of Baht.

@Cole ********

No, it's not QR codes. It's avoiding a 220 Baht ATM withdrawal fee, plus 3% and a USD / EUR / AUD / CHF 5 withdrawal fee.

Very few banks don't charge these fees. The norm is to be charged these fees everytime you take money out of a Thai ATM on a foreign card.

I guess as a true nomad, who comes and goes, this might not matter too much, as you won't be living in Thailand for 5 continuous years but for those that do end up spending most of their time in Thailand, a Thai bank account becomes almost essential at some point. Making payments is very cumbersome (Ok, Wise works but isn't as convenient as making a local transfer) and for anything above Baht it takes several days and the fees can really stack up, for larger transfers.

How can you get access to your foreign cash if you're living in Thailand? Eventually, your cash will run out and you'll need to hit up an ATM or make a withdrawal via a bank branch (cash advance).

You'll save a lot of money on withdrawal fees by transferring to a Thai bank account.

The QR code thing really isn't a reason and certainly NOT the main reason for maintaining a Thai bank account. Minimizing fees and being able to receive funds and make payments (the former not related to employment of course as you're not supposed to work in Thailand except remotely while on this visa) are the main reasons.

@Dominic **********

Depends on the office used. Chiang Mai, Nonthaburi and Bangkok seem to be issuing 5 year licenses to DTV holders.

@John *********

360 days is basically a year. Its 1 year minus 5 days.

@Pete ******

It depends on the office used. Bangkok and Chiang Mai, as well as Nonthaburi seem to be issuing 5 year licenses to those renewing existing Thai licenses, while on a DTV or elite visas but many other offices are not.

@Andi **********

True, although some of his earlier articles were a bit presumptuous.

@Sefton *******

Indeed. Explains why my comments made using 4 different accounts never get published anymore. This only happens on his channel.

I've even specifically opened new accounts just to comment on his channel but after one or two, occasionally 3 or 4 comments, I get shadow banned.

This doesn't happen to me on any other channel. I haven't even been banned from commenting on Tim Newton's channel and that guy is far more cocky and arrogant. Ben's political leanings correlate almost perfectly with mine, but I'm not afraid to set the record straight with him when he gets something wrong.

I agree with 85-90% of his content, but on the DTV he has mostly been wrong or at least, continues to spew out fear mongering, rather than unbiased advice.