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BANGKOK 17 July 2019 17:36
AAArdvark

800,000 Baht in Savings Account

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The requirement to have 800,000 baht in a Thai bank seems to be limited to "savings / fixed deposits".  If that is the case, do Thai banks issue debit cards on a savings account or do you have to have more than one account?

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Yes, ATM/debit cards are standard on savings accounts. 
For extensions, the balance can't below 800K for two months first time/three months subsequent times before each annual application.

Outside that period you can deplete the account as much as you wish. 

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This is New Years Eve guys, you should be out enjoying yourselves.

 

Ask the same f...ing question tomorrow please.

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6 minutes ago, wgdanson said:

This is New Years Eve guys, you should be out enjoying yourselves.

 

Ask the same f...ing question tomorrow please.

I live not far from hot spots in Cha-am for new years eve celebrations.  I had to have my Grandpa knap so I can stand up straight when the music really gets going and all the girls come out to play...I'm going now...see ya.

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A few years ago I kept mine in a one year fixed high interest bank account

THEY did not like it one little bit !!!

They moaned about it not being accessible so did not fulfill criteria 

 

I have not used the method since

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I would highly recommend that if you have large sums in an account you not get an ATM card to prevent loss/theft... When you go to the bank ask for two accounts to be setup one for the 800k (without ATM) and a second with an ATM... then setup online/app banking to allow you to move funds from one account to the ATM account as needed keeping as small amount on the ATM account as needed... if the card is lost/stolen you limit you loss... 

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10 hours ago, poohy said:

A few years ago I kept mine in a one year fixed high interest bank account

THEY did not like it one little bit !!!

They moaned about it not being accessible so did not fulfill criteria 

 

I have not used the method since

What? Of course your money are accessible. However you'll lose the interest if you 'plunder' the account.

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34 minutes ago, sfokevin said:

I would highly recommend that if you have large sums in an account you not get an ATM card to prevent loss/theft... When you go to the bank ask for two accounts to be setup one for the 800k (without ATM) and a second with an ATM... then setup online/app banking to allow you to move funds from one account to the ATM account as needed keeping as small amount on the ATM account as needed... if the card is lost/stolen you limit you loss... 

Non-ATM is for fixed deposit account. ATM is for savings account.

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12 hours ago, wgdanson said:

This is New Years Eve guys, you should be out enjoying yourselves.

 

Ask the same f...ing question tomorrow please.

Shouldn't you be out too? 😂

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12 hours ago, wgdanson said:

This is New Years Eve guys, you should be out enjoying yourselves.

 

Ask the same f...ing question tomorrow please.

Sorry everyone. I shall temper my sense of humour this year. 

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"I would highly recommend that if you have large sums in an account you not get an ATM card to prevent loss/theft."

 

I met a guy in Samui many years ago that was kidnapped by several Thai men at his ATM and forced to withdraw the daily maximum. Then they took him in their car and held him for about three days, I think it was. They roughed him up even though he cooperated and it was so bad, he lost an eye. 

This is not hearsay; I talked to the man himself. 

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