so explain for thousands that are not on tourist visa. I have had proper non o retirement for last 5 years and I don't make huge purchases or transfers in or out but my acct was still frozen. The Bot also put a statement a couple weeks ago that millions had their acct balanced wiped out and accts frozen due to computer update error. The bank issue is problematic. This shit doesn't happen in a western countries on this level. They should just hire Singapore to take over the banking system. Let a world class finance country solve the problem
there isn't protection like in america and on fixed annual, you won't receive interest like a real bank of western countries. Your fears are valid. Thai banks don't insure your money for very much. There was recent article by central bank that thai banks are struggling to pay interest on treasury bonds.
For large purchases you may need o call bank in advance. Navy federal decline me for an iPhone purchase. While in store I called and explained it was not fraud. They lift the restriction instantly. There reason was I didn't use that often. And always notify when your traveling.
I am curious what will they do if funds were withdrawn. You basically don't need to do the day if you want to pay a fine. Never heard what punishment is. Is there a fine. Never heard of deportation. So what is the penalty. In all my years I have never seen this issue even come up until the last two weeks.