supremeville 24 Posted July 15, 2018 Share Posted July 15, 2018 Hi, I did get an investment visa for buying a condo at more than 10 million Baht a while ago. Visa extended 5 times already, but am thinking about selling my condo. So now I'm considering putting 10 million Baht in a fixed deposit account to get a new investment visa. Quote 3.b. has at least B10 million in a fixed-deposit account at a Thai bank whose share capital is majority Thai owned; or So Kasikorn, Bangkok Bank, Krungsri, or SCB are fine I guess. But would any fixed deposit be fit (as long as it holds a 10 million balance)? Did anyone get a visa with a 10-million baht fixed deposit account? Thanks for your help! Link to post Share on other sites
ubonjoe 48,638 Posted July 15, 2018 Share Posted July 15, 2018 3 minutes ago, supremeville said: But would any fixed deposit be fit (as long as it holds a 10 million balance)? Yes it would be accepted. It could even be in one where you incur penalties for early withdrawal that normally pay the highest interest. Just be sure the it is in bank before the condo sale is finalized. 1 Link to post Share on other sites
Aussieroaming 4,321 Posted July 15, 2018 Share Posted July 15, 2018 I have 10M Baht in a Wisdom Account with Kasikorn, which has the added benefit of the card. I never enquired into whether it qualified for the investment visa. Link to post Share on other sites
ubonjoe 48,638 Posted July 15, 2018 Share Posted July 15, 2018 A off topic post meant to deflect the topic has been removed. Link to post Share on other sites
ubonjoe 48,638 Posted July 15, 2018 Share Posted July 15, 2018 16 minutes ago, Aussieroaming said: I have 10M Baht in a Wisdom Account with Kasikorn, which has the added benefit of the card. I never enquired into whether it qualified for the investment visa. Not sure without more info about the account. But it should be allowed if the available balance always shows 10 million baht or more. 1 Link to post Share on other sites
Aussieroaming 4,321 Posted July 15, 2018 Share Posted July 15, 2018 7 minutes ago, ubonjoe said: Not sure without more info about the account. But it should be allowed if the available balance always shows 10 million baht or more. Its a term deposit account, tied to a credit card Link to post Share on other sites
ubonjoe 48,638 Posted July 15, 2018 Share Posted July 15, 2018 21 minutes ago, Aussieroaming said: Its a term deposit account, tied to a credit card As long as the amount locked for the credit line for the card is included in the balance shown in the bank book it should not be a problem. 1 Link to post Share on other sites
Aussieroaming 4,321 Posted July 15, 2018 Share Posted July 15, 2018 9 minutes ago, ubonjoe said: As long as the amount locked for the credit line for the card is included in the balance shown in the bank book it should not be a problem. Yes, the money is listed on the bank book. Link to post Share on other sites
ubonjoe 48,638 Posted July 15, 2018 Share Posted July 15, 2018 3 minutes ago, Aussieroaming said: Yes, the money is listed on the bank book. No problem then. Link to post Share on other sites
nzdpower 2 Posted July 15, 2018 Share Posted July 15, 2018 I am also interested in this topic, I currenty have 1.300.000 MYR in FD in Malaysia Bank earning 4.1 - 4,3%. This is about 10.000.000THB. Do you guys know if I can get a similar % in Bangkok? What was the process of transferring a large amount like this like? The most i've transferred overseas at one time is around 100k THB. Does the bank ask you where the money came from? How to prove its legit if it was an inheritance (in my case) How easy is it to transfer the 10mil back to malaysia in case I need to? Is there a lot of documentation or is this a 'small matter'? Link to post Share on other sites
catman20 4,236 Posted July 16, 2018 Share Posted July 16, 2018 having this sort of money an account sounds great until you want to get the money back to your own country. its different i suppose if you bring the money here to buy a condo as you would ask for a tor tor sam and then sell it you can then get that money back to origin Link to post Share on other sites
Popular Post ubonjoe 48,638 Posted July 16, 2018 Popular Post Share Posted July 16, 2018 6 minutes ago, catman20 said: having this sort of money an account sounds great until you want to get the money back to your own country. its different i suppose if you bring the money here to buy a condo as you would ask for a tor tor sam and then sell it you can then get that money back to origin No problem to send the money back if he has proof it was transferred from abroad. He could ask for that proof after it is transferred in and keep it for future use. 2 1 Link to post Share on other sites
henry15 404 Posted July 16, 2018 Share Posted July 16, 2018 better open an fixed account at GSB. they give an higher intrest ad you don't have to pay the 15% governmemt tax Link to post Share on other sites
JayBird 591 Posted July 16, 2018 Share Posted July 16, 2018 I thought the requirements for an investment visa was 40m THB. Am I confusing this with a different visa? Apparently the latter also allowed you to buy a small parcel of land in your private name. Link to post Share on other sites
Popular Post ubonjoe 48,638 Posted July 16, 2018 Popular Post Share Posted July 16, 2018 7 minutes ago, JayBird said: I thought the requirements for an investment visa was 40m THB. Am I confusing this with a different visa? Apparently the latter also allowed you to buy a small parcel of land in your private name. That is different category of investment. The 10 million one is shown in clause 2.5 of Police Order 327/2557 basis for extension of stay. 2 1 Link to post Share on other sites
Subscribe to the newsletter
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now