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BANGKOK 23 February 2019 05:42

Sophon

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About Sophon

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  1. I don't believe this is true. Unless it has changed recently, the gasoline prices set for different provinces (and amphurs) are higher the further away from Bangkok you come. So Korat will have higher gasoline prices being further away from Bangkok than Chonburi. It has been this way as far back as I can remember. I believe the petrol companies have been allowed the higher prices to cover their cost for distributing the gasoline around Thailand, hence why the price goes up the further away from Bangkok you get. If you don't believe me, you can check the provincial gasoline prices on PTTs website. As of today the price for e.g. gasohol 95 is THB 27.17 in Mueang Chonburi and THB 27.42 in Mueang Nakhon Ratchasima (up here in the north where I live it's THB 27.77). Sophon
  2. A very reasonable way to go, although some of your points aren't really valid. Unless it's a promotion (like the step-up accounts the banks had a few years ago), a FD auto-renews at expiration so points 2 and 3 aren't an issue. And qualifying with two FD accounts of 400k/800k with no transactions definitely is not more work for the immigration officer, than going through one year of transactions on your daily transaction account. The rest are good points. The one minus with your approach (for some people), is that using your daily account to qualify increases the risk of making a mistake and dropping below the required amounts. We just had a recent posting about someone whose account by mistake dropped to 799k for a few days. Sophon
  3. Since the one year interest rate on a FD is higher than the six month rate, a better plan is to put 400k in a one year FD (like the OP plans to do) and the remaining 400k in a six month FD during the seasoning period. Sophon
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