It's for a small market segment. It would cost more to set up and maintain than what they'd be making from it. The DTV segment is comparatively small, and many appear to be living very cheaply
take much scrolling to find one. Looking for the cheapest way to get a DTV. These forums are full of them. Now how much value will they bring to a Thai bank?
Good luck getting that extension at immigration! Let's be realistic. The maximum is 180 days. But however you want to spin it, you MUST leave. Non-immigrant visa/extension holders never have to leave
Don't quite see the relevance of guilty before innocent. Banks are entrusted with billions of dollars, why would they put solid customers at risk? Problem with many expats is they have a sense of entitlement
I don't know where you get the 5% from. I see so many posts in this group from people asking the cheapest Muay Thai course, the cheapest cooking course, the cheapest dentist. Digital Nomads forever seeking a "space" with free WiFi. Come on, the DTV was created to bring money into the country, but it's failed to do that. It's all about "cheap"
Not allowing tourists to have bank accounts is not exactly "excessive control" - it's banks protecting their own interests against those doing the wrong thing
You have to look at the terms and conditions of the respective account in the UK. I maintain a UK bank account, but I have a UK phone number and address, and I visit usually once a year
Many DTV holders appear cash-strapped. You see many posts where applicants borrow money from parents to cover the 500k, and others asking how long it has to stay in there, and do they have to show it every time they bounce. They're not exactly a prime target for banks to invest time and money in, which is probably another reason why banks are flicking them