Buying a house using a fake company with thaï nominees to circumvent the law is a very bad idea nowadays : thaï government is starting a crackdown on fake nominees nationwide . If you get caught : your house will be seized , you will be sent to tribunal , your visa cancelled.

And don’t listen to the many people who profit illegally from this shady system : they all will tell you: “don’t worry : it’s always worked like this in Thailand “ etc… the same guys who were saying few weeks ago that thai banks would never ever freeze/close bank accounts of foreigners …

Thailand is changing. Fast. You better not go against the wind …

@Mark *****

Garbage !!!

@Max ************

No. Your turn hasn’t come yet. Be patient: it surely will come. They don’t process all accounts at once but by groups.

Anonymous participant 995

Being blacklisted is the cause of rejection. Not the consequence.

You got blacklisted somehow. It happens more than people think.

For those who really live in Thailand and rent a place : if you have only Truemoney (no local bank account) good luck to get back your 2 months security deposit from your landlord 💸

Yes. It’s being slowly rolled out. Expect more posts like this very soon.

Anonymous participant 507

Useless for me.

1) You can’t pay rent (to a landlord) with it .

2) you can’t pay personal QR codes , which are 90% of street vendors in Bangkok .

3) Can barely use it outside Bangkok : even regular businesses are using personal QR codes.

Unfortunately it is becoming frequent and classic for DTV holders : account freezing/closing. Plenty of stories here.

Thank you for sharing