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BANGKOK 26 March 2019 11:44
AAArdvark

800,000 Baht in Savings Account

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1 hour ago, David Walden said:

There appears to be some new information on the Australian Embassy in Bangkok website which comes into action from today 01/01/22019.   https://thailand.embassy.gov.au/bkok/Notarial_Services.html.

    Some stuff may hit the fan soon with this. 

we seem to be in No Mans Land At The Moment

But i did watch the video of the American acting counsil person being interviewed by the pataya radio Station

It seems that immigration in Bangkok will release what they require from us at the end of the month

So we will have to wait till this happens

Maybe all our Embassys need to step and keep in touch with Immigration plus to advise us

Then Immigration Bangkok to advise their offices

We can only but hope

 

 

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14 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

I think Immigration need to release this that our money is not grown on trees

In the high interest it is safe from Theft

With no ATM Card being able to use

 

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5 hours ago, EricTh said:

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

The OP only asked about savings accounts... For savings you can request only a paper bank book... Actually an ATM card cost more and is an option...

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8 hours ago, wgdanson said:

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

Apology accepted. We all have the occasional brain fart.

  • Haha 1

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4 hours ago, sfokevin said:

The OP only asked about savings accounts... For savings you can request only a paper bank book... Actually an ATM card cost more and is an option...

I prefer to steer clear of the debit cards - vulnerability to fraud is a concern.

With a savings passbook, one can withdraw cash at no cost. It's also about as fraud-proof as one can get in Thailand.

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5 hours ago, Trujillo said:

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. 

Any record of that in the media?

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Posted (edited)
1 hour ago, Lacessit said:
5 hours ago, sfokevin said:

 

I prefer to steer clear of the debit cards - vulnerability to fraud is a concern.

With a savings passbook, one can withdraw cash at no cost. It's also about as fraud-proof as one can get in Thailand.

You're right. But with ATM / Mobile Apps payments are very easy. My approach is do both - an account without ATM / Mobile App and another with it. Diversify and don't keep huge amounts in any of the accounts (and in Thailand in general, if you can..)

Edited by XGM

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20 minutes ago, EricTh said:

Isn't this old info? 

Yes.

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15 hours ago, Lacessit said:

I prefer to steer clear of the debit cards - vulnerability to fraud is a concern.

With a savings passbook, one can withdraw cash at no cost. It's also about as fraud-proof as one can get in Thailand.

Withdrawing from a savings account is not very convenient.  I prefer not to carry a lot of cash.  If something comes up after banking hours, I can just use a debit card at an ATM.

So, it seems the consensus is that debit cards CAN be issued for savings accounts but there is some sort of fee, is that correct?  

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There appears to be some new information on the Australian Embassy in Bangkok website which comes into action from today 01/01/22019.   https://thailand.embassy.gov.au/bkok/Notarial_Services.html.
    Some stuff may hit the fan soon with this. 

Seems to be good info. Thanks.


Sent from my iPod touch using Thailand Forum - Thaivisa mobile app

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22 hours ago, sfokevin said:

Safe as you can get - But not 100%...

http://www.nationmultimedia.com/detail/national/30357034

True enough - one can't guard against dishonest bank employees.

I was thinking more of the withdrawal process - as a farang, one has to produce their passport, then sign the withdrawal slip ( sometimes a copy of the passport page as well ) which is compared with the black light signature in the passbook. It would take a very cunning fraudster to circumvent those checks.

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2 hours ago, Lacessit said:

True enough - one can't guard against dishonest bank employees.

I was thinking more of the withdrawal process - as a farang, one has to produce their passport, then sign the withdrawal slip ( sometimes a copy of the passport page as well ) which is compared with the black light signature in the passbook. It would take a very cunning fraudster to circumvent those checks.

 

Yet another consideration is that one should be ready for the possibility of fraud and monitor accounts regularly and frequently. Checking account balance / transactions is a matter of a few clicks with online / app access. It's more of hassle with just ATM / bankbook.

 

So perhaps paradoxically, using somewhat less secure means actually improves fraud detection and possible consequences.

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