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Steve ********
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Steve ********
@Anna ********
Banks are scared right now and it’s causing issues for just about all foreigners.
Steve ********
@Luke *********
there’s no ban. Banks are simply scared. The Thai government isn’t saying you can’t have a bank account. They’re simply telling banks to stop doing it when you shouldn’t. Banks will hopefully relax in the next few weeks.
Steve ********
If you apply somewhere other than Thailand, you’ll have the health insurance issue. That’s why I usually tell people to come here on a 60 day TV and don’t hear via an agent. Right now banks are having a meltdown regarding the Thai government’s crackdown on money laundering. Find an agent in the area you plan on living and talk to them.
Steve ********
@George ******
it’s not permanent. It should ease up in a few weeks. And yes, that is the concern right now. It’s a real and serious problem. All brought on by banks allowing the money laundering to happen in the first place.
Steve ********
@Nick ***********
the reason this is happening is the Thai government is cracking down on money laundering. This has the banks scared.
Steve ********
@Stuart ********
at this time is not true. The Thai government has Thai banks scared. They are not allowing foreigners to open accounts even with Non-O status. It’s been widely published. Even popular agents are saying they can’t do it.
Steve ********
I was in the states for 55 days during October, November, and December back in 2023 and had zero issues coming back. So…