This is NOT an official government website. We are an independent resource providing information and assistance to travelers.
Brook *******
This is a summary of
Brook *******
's contributions to the platform. They have posed 11 questions and added 506 comments.

QUESTIONS

COMMENTS

Brook ********
@Nongnuch *******
Yes, I already know all this.

It’s already been in a interest bearing fixed deposit account for the last two renewals. No issue at all.

I’m sure people change banks. That’s the process I’m looking for.
Brook ********
@Tony *********
Yes, I already know all this.

The account meets all immigration requirements because the money is always available immediately with only an interest penalty for early withdrawal.
Brook ********
@Ron *****
Yes 1.5% for many years.

2.x% after I change banks.

It’s called a fixed deposit account and because the ฿800k is always immediately available, it has always met immigration requirements.
Brook ********
@Stuart ********
is spot on.

I would add… port your cell number to Google voice, apply for a Wise debit card, and open a bank account and credit card with no international fees with Charles Schwab.
Brook ********
Why are you having children when you can’t even afford ฿20,000?
Brook ********
The document in your photo is not legitimate.

Real IDP’s issued by AAA are only valid for one year.
Brook ********
Did you first establish a cash emergency fund with six months of income in a high yield (5%) savings account?

What about paying off all your debt, including high interest debt next?

Then, put maybe five percent into bitcoin and the other 95% into a boring low/no fee S&P 500 index fund (as mentioned above) like NYSE: VTSAX.
Brook ********
@John ********
Structuring your deposits like that to avoid reporting is actually a federal crime.

“Structuring is the breaking up of transactions for the purpose of evading the Bank Secrecy Act reporting and recordkeeping requirements and, if appropriate thresholds are met, should be reported as a suspicious transaction under 31 C.F.R. § 103.18.”

Source:
**********************************************************************************************************************