Banks just haven't caught up yet. They will fix it eventually. I view the DTV as a tax trap, as Thai tax laws recently changed, and the Common Reporting Standard (CRS) went into effect in Thailand in January 2024.
For 5,000-10,000 THB, Siam Legal provides documentation to open bank accounts with Bangkok Bank in Chiang Mai,Pattaya & Phuket
I hold the 2-year temporary license, which expires tomorrow, October 11.
However, I need to obtain the 5-year permanent license, as it can be used internationally for KYC, whereas the temporary license cannot.
Historically, they have only issued the 5-year license to resident visa holders, and it seems that the DTV may fall under a TR visa class type, not Non-O.
That being said, the Elite Visa also falls under the TR visa class type, and holders are able to receive the 5-year license.
However.. Banks aren't yet recognizing the DTV, and Iām also concerned that the Department of Land Transport (DLT) office may not recognise it either.
(The Permeant 5yr can also be used in 10 ASEAN countries)
I hold the 2-year temporary license, which expires tomorrow, October 11.
However, I need to obtain the 5-year permanent license, as it can be used internationally for KYC, whereas the temporary license cannot.
Historically, they have only issued the 5-year license to resident visa holders, and it seems that the DTV may fall under a TR visa class type, not Non-O.
That being said, the Elite Visa also falls under the TR visa class type, and holders are able to receive the 5-year license.
However.. Banks aren't yet recognizing the DTV, and Iām also concerned that the Department of Land Transport (DLT) office may not recognise it either.