wife's access to falang bank account if falang deceased

[NACHALUAY 20]

 i keep the lump sum in my thai bank account, and would like my wife to have access to it, in the event of my death. I think her using my ATM card may not be so reliable or efficient, Is there a way I can make sure of this?

[richard_smith237 26,295]

Joint account. 

[OneMoreFarang 26,642]

1 hour ago, NACHALUAY said:

 i keep the lump sum in my thai bank account, and would like my wife to have access to it, in the event of my death. I think her using my ATM card may not be so reliable or efficient, Is there a way I can make sure of this?

As far as I know in the event of your death it would be illegal for her or anybody else to use your bank card.

[NACHALUAY 20]

thanks guys.  joint account doesnt work for immigration.  ATM card i knew wasnt practical ,so illegal too. i guess im not surprised. widow cant get funds but of course the state can get it.

i suppose i will need some kind of power of attorney or last will and testament or suchlike

[bkk6060 13,109]

10 minutes ago, NACHALUAY said:

thanks guys.  joint account doesnt work for immigration.  ATM card i knew wasnt practical ,so illegal too. i guess im not surprised. widow cant get funds but of course the state can get it.

i suppose i will need some kind of power of attorney or last will and testament or suchlike

Make a will and be specific.

Provide the bank with a copy of the will.

[Sheryl 27,419]

I don't really understand how it works but people have reported being able to add their wife as signatory without her name appearing ion the account. (and hence no issue to use the account for immigration).

 

Ask your bank about that

 

 

[worgeordie 44,553]

Yes you can add your wife to your account without having her 

name on the bank book,so OK for Immigration, they add her name

to the signature space on the bank book, which can only be seen

with a UV light, but make sure you completely trust your wife 

I don't know what you call it ,but just explain to the Bank what you

want to do, CMBI bank cannot do it.

regards Worgeordie

[whiteman 1,044]

If you have enough cash that you wont miss just drop one  million Bhat in her personal bank account to tidy here over when you pass away.  Till she can get access to your bank account on your demise that's if you trust her I been with my partner 16+ years and I do. It can also be used as a fighting fund for any medical emergency that needs to be covered if you are to sick to be able to use your credit card. For such things that are excluded from your health coverage, so that medical procedure can commence with out delay.

[Stygge 89]

I have heard the average lifespan considerably shortens for guys using this setup

[DrJack54 7,092]

On 11/20/2020 at 3:52 PM, Sheryl said:

I don't really understand how it works but people have reported being able to add their wife as signatory without her name appearing ion the account. (and hence no issue to use the account for immigration).

 

Ask your bank about that

 

 

This is indeed possible. No personal knowledge but has been confirmed from couple of the experts on thaivisa that have this in place.

It amounts to signature in bankbook that shows up under blue light. In addition some forms are filled in with the bank. 

BTW the account has no issue in being used for immigration requirements

Edited November 25, 2020 by DrJack54

[Grumpy one 2,783]

Get her listed on the account as having access to it.

It only takes a few minutes in the bank and her signature is listed.

The account still in your name only

[mvdf 274]

This is most degrading. Just say "wife's access to foreigner's bank account if foreigner deceased".

 

Otherwise, all advice given are indeed helpful.

 

 

[scorecard 21,177]

On 11/20/2020 at 4:32 PM, richard_smith237 said:

Joint account. 

Joint account, only 1 party needs to sign.

 

All of my Thai bank accounts are set up like this, me of my Thai adult son.

[scorecard 21,177]

17 hours ago, Grumpy one said:

Get her listed on the account as having access to it.

It only takes a few minutes in the bank and her signature is listed.

The account still in your name only

But ensure it's recorded that she alone can sign withdrawals, etc.

[1FinickyOne 7,032]

On 11/20/2020 at 3:37 PM, NACHALUAY said:

some kind of power of attorney or last will and testament or suchlike

absolutely... I did this a couple of years ago...