Michael *****
This is a summary of
Michael *****
's contributions to the platform. They have posed 5 questions and added 28 comments.

QUESTIONS

COMMENTS

Michael ******
@Tod ********
ok…good Tod. Thanks for the advice. I won’t risk it. Next time I’ll pay more attention to the timing…
Michael ******
Surely if you close an account one day and open another account with the exact amount the same day….

Wouldn’t you just get two statements when it’s time to renew the visa.

The two statements would show the 800,000 closing and the new 800,000 opening on the same day…??

I’m in a similar position. If you have a term deposit with an old interest rate…and you want to get the new better interest rate with the same bank…then you technically have to close one account and open another …with another account number.
Michael ******
@Tod ********
thanks Todd. So far I haven’t touched it in about 4 or 5 years or so and I’ve never had trouble renewing the 12 month extension…but the interest rate then was about .3%. Now I could get 2% or more..
Michael ******
@Wannikea ********
I’d have to check. Where I come from (Australia) you can access the cash immediately before the term ends in a fixed term account…..but you pay a penalty.

I don’t know the rules here in Thailand.

I will have to go in and ask.
Michael ******
@Ellie ******
why do you have to cancel the online application if you then decide to go in in person….does it make any difference Ellie..?
Michael ******
I got a non O retirement in Australia in May from Canberra Embassy.
Michael ******
@Paul *********
I’d double check that about the ‘lease’. I’ve opened accounts before without. From memory when I got my non O retirement the first time I was staying in a serviced apartment..
Michael ******
@Michaela *******
I did at the time…this requirement has been removed I think….

Check it..