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Posts posted by SooKee
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1 hour ago, skatewash said:
Yes, it's a balancing act between maximizing your return and convenience. At 1.00% APR the Mee Tae Dai (MTD) savings account is not optimal. You can get a higher interest rate with a fixed deposit account. I would argue that the MTD is the most convenient, though. It's a regular savings account so that gets you two benefits immediately. You don't have to worry about your FD maturing (finding your next FD, if you don't like the interest rate you get when your old FD rolls over) and you don't have to worry about having 15% interest withheld that you have to reclaim by filing a Thai Personal Income Tax Return (be sure that Krungsri Bank has your Thai Tax ID associated with the account or they will withhold the interest even on a MTD account). Other than opening the MTD account the first time I've never had to do anything with the account.
You certainly don't have to use any account for security for a credit card. I don't have a Thai credit card because it always seems like too much work. As I don't have a work permit I would almost certainly only qualify for a secured credit card. My understanding is that the benefits/protections of having a Thai credit card are less than what might be available from your home country. I have multiple credit cards from my home country that I use in Thailand. There are no foreign transaction fees with these particular cards.Thanks, the MTD account sounds favourite provided I don't get the account opening run around that some branches give you. I'll also need to go and register for a tax ID, I never have before simply because I keep most of my funds outside Thailand so it's literally been the interest on monthly living expenses, pennies, for single digit baht interest per year it wasn't worth it.
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On 7/24/2021 at 12:41 PM, skatewash said:
Krungsri Bank is actually one of the easier banks at which to open an account, but as you say you can find FDs at both of your current banks. I just didn't like the responsibility of having to rollover the FD account at maturity, the mandatory interest withholding which I had to file a Thai Income Tax return to get back, nor the loss of interest earned if I ever made a withdrawal (as is allowed under the minimum balance requirements for retirement extensions).
Having looked at this more, I might go to Krungsri at some stage and look into the Mee Tae Dai account. While opening an FD at Bangkok Bank or Kasikorn would be easier, all of the accounts I can see seem to be 3, 6, 9, 12, 24 or 36 month. What I don't want to have to do is mess about going and renewing this account at expiry if that's what's needed, I'm trying to reduce the 'things to do' list, not replace what I take off with something else. The other thing I've noticed is that both Bangkok and Kasikorn, from memory, indicate the account may be used as security for a credit card, I don't want that either, nothing to impede access. To be fair I haven't been round and asked at either of those banks simply because at the moment I'm trying to avoid queues, crowded places and face to face contact with people unless it's essential and needing to open an account before November / December doesn't qualify as essential yet. Once I visit the banks in question I may find I can opt out of 'credit card security' or even find that there's other accounts without the need to renew, with better interest rates and no access restriction other than a hit to the interest.
All I want though is an FD account, that will hopefully pay higher interest than my normal savings accounts, that is not time limited and doesn't come with any 'things to do' items, essentially I just want to put the money in and forget it. If Krungsri make that easy and pay a higher rate than my existing banks I'll go for that. I'll go and ask at Krungsri when Bangkok is less dangerous to be wandering around.-
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Often can't manage 100,000 jabs a day at the weekends and miraculously we're going to jump to 10 times that. If only.....
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Be interesting to see what policy if any is applied to these. Same as most Thai policies when it comes to foreigners I suppose - take, take, TAKE!
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Two Synphaet Hospitals (Bangkok) also open for registration, links on the Intervac site.
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7 minutes ago, ThailandRyan said:The Channel 7 news is discussing the complete and utter chaos in the original Que lines at Bang Sue with so many people crammed in together at the start of the que. The people interviewed were grateful to being able to get vaccinated. Additionally they are talking about the App for making appointments for those 18 and above, but the caveat seems that it is geared towards Thais......why can they not roll out an app and registration for all people who live in Thailand regardless of nationality. This has all the trappings of a Christmas dinner served up to everyone except the help.
Given the amount of large spaces in Bangkok that are not in use, malls etc, that they cram everyone to Bang Sue is beyond belief really. Each day you only need a few asymptomatic people in amongst those crowds and it'll go through them like wildfire.
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Registration for BNH is open again (07:55 28/07/2021)
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If it accepted your registration you just wait. At some stage you will get an email with your appointment date which will be followed up with an SMS the night before your appointment.
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Is that the 6 million tourists from the UK that TAT predicted in the pic?
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In other news, approval is being sought to conduct research into the survival rates of people who fall or jump from tall buildings to see whether death or serious injury can be avoided merely by closing the eyes. The astonishing discovery arises from a prominent Thai specialist viewing a number of video trials presented by the Looney Tunes Corporation, "an organisation that provides regular video briefings and does so in a format that even children can understand" he told us.
While the doctor confesses to not understanding 95% of the video content he is confident these trials will be more successful than his last experiment where twoidiotssubjects agreed to be fired from cannons in order to assess the potential for reductions in journey time, thereby improving road safety. Both test subjects died instantly however.
In order to improve the chances of success in the new trials the doctor is particularly seeking individuals having the Thai nickname of Duck, Rabbit or Dog (the Thai name for Coyote not being in common use in Thailand) as survival rates of people with those names in the video briefings appear markedly higher than amongst those with other names.-
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10 hours ago, couchpotato said:
Coincidentally this afternoon I received the confirmation email from BPH for myself and family (2 x 2 doses for them, and booster for me). I called the contactcenter and they told me the government had allocated them their prescribed 10,000 doses (as they had only signed up 5,000 people). Hopefully the vaccine will arrive in late October/November).
So there you have it.
Great to see the confirmations are starting to come through quickly, easier for that hospital since they weren't over subscribed. Hopefully the other hospitals will quickly follow suit and get their notifications out promptly either way, I'm not particularly bothered about not getting
it, more concerned about knowing ASAP so I can take up alternative options as they come along, already declined AZ once.
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Yes the Pfizer allocation infographic is interesting, and not surprising. So pleased that Thais in other countries can get vaccinated merely on the basis of which age or high risk group they fall into, not where they come from! It's only for the fact that I'd hate to see the countries sink to the same pitiful and pathetic level that I don't wish they would start to reciprocate Thailand's treatment of foreigners!
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I also hope we'll be notified sooner rather than later, far better to find out before the end of this month than waste 2 months only to be told we didn't make the cut.
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6 hours ago, skatewash said:
Krungsri Bank is actually one of the easier banks at which to open an account, but as you say you can find FDs at both of your current banks. I just didn't like the responsibility of having to rollover the FD account at maturity, the mandatory interest withholding which I had to file a Thai Income Tax return to get back, nor the loss of interest earned if I ever made a withdrawal (as is allowed under the minimum balance requirements for retirement extensions).
Yes, I definitely don't want a promotional account with a higher rate that I have to faff about with each year so Ill just dump the money into one of the savings accounts unless the difference it's so much that I'd loose out too much. One thing I don't want to do is replace the hassle of paperwork at Immigration with the hassle of tax returns etc or anything else for that matter.
It'll be interesting to see when I go and change next renewal to the 800K method (and just give them the bank letter, statement and bank book showing 800K seasoned for 2 months) if they will ask for all the documents to show that I've been complying with the 65K method for the year preceding too. I'm assuming they will, as each time you go and renew you are essentially proving that you have complied the year previously.
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Thanks for the comments, useful. At the moment I have accounts with Kasikorn and Bangkok Bank so prefer to stick with those, partially because I can't be bothered with the run around rigmarole of 'can I / can't I' open an account, especially at this period in time. Even with the FD account, if the answer is anything other than "Yes, no problem" I won't go down that route either. Hopefully, already having accounts at both banks will make at least one of them easier, Kasikorn would be the preferred option.
On top of that I really just need to see if it's worth opening an FD. On the savings account the interest is negligible so I'll need to check the rates on the FD accounts vs regular savings at the banks I have accounts rather than shopping around for the best. If there's not much in it, I'll just stick with effectively moth-balling one of the savings accounts and drop 850,000 into it, likely Bankgok Bank as I only opened that when the Embassy letters stopped and the proof of overseas transfers being needed (which I find is easier using Wise and Bangkok Bank). Even at 0.5% it's 4,250 year, peanuts in comparison but it'll cover the extension costs etc. I'll then keep the Kasikorn account live for transfers when it suits as transfers to Kasikorn are instant with Wise whereas they can take up to 24 hours (working day) with Bangkok Bank.
Just got tired of the hassle with monthlies, remember to do the transfer before the end of the month, make sure there's no public holiday, check the transfer is FTT, update the bank book each month, get the statements, get credit advices if the IO wants them.
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Thanks for the speedy reply.
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Plan on changing next time I go to renew from the 65K monthly to the 800K in the bank. Over time I seem to recall a few posts saying that FD accounts weren't accepted at CW, is that the case currently? I like the idea of having the funds separated from regular banking but, if the FD rates are no better than savings accounts rates, I do have a couple of almost redundant savings accounts that I could use.
Not sure if it's me but has the search function here deteriorated since the change to AN? I never had much luck before, but now (insert roll eyes emoji that doesn't work). I tried loads of options, with and without filters, any words, all words, the phrase etc etc but I turn up nothing. Even went back 20 pages in the Visas forum but of course it could be under Banking or wherever.
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43 minutes ago, mtls2005 said:
I thought that intervac was dead, and buried weeks ago.
I stopped checking it.
Now it's ALIVE. But all slots taken.
Yep, folks really need to be checking it daily. BNH had (Registration Opening Soon) yesterday, even I think early today. Then a link suddenly became available today, filled already. Vimut Hospital had an announcement yesterday that they were accepting in person registrations at the hospital yesterday, full by the end of the day, last one before that was Payathai 2.
The Bang Sue registration is still open, again, if you meet the criteria (over 60 / conditions etc). Looks like Bumngrad and Bangrak will be the next BKK locations to open registration.
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What, nobody pointing at the van? No pictorial backdrop with Gestapo 'commandos' in full SWAT gear? Slipping?
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For anyone qualifying under the criteria on the Thailand Intervac site (over 60 / underlying conditions), registrations went live this morning for the BNH Hospital (Silom). No indication as to whether it's AZ or Sinovac. Follow the link on the ThailandIntervac site:
https://thailandintervac.comFriend of mine just registered, received a 'submission received' email immediately, appointment date to be notified.
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Any chance we can expect 'No more Mr. Dip<deleted> in the halls of power making stupid decisions'?
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Actually at CW you could go in up to 45 days before. This change is all well and good until they find an issue with a document or a missing document (such as an additional bank statement or credit advice) that takes 7 days to get from your bank. What will happen then? Hopefully they will have some kind of temporary stamp they can give people who try to keep up with the ever changing interpretations of individual IOs so they can get it sorted. Like many other things, not well thought through unless they've only announced half the story.
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Jeez, how many times is this story going to be repeated over and over over again and presented as news?
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9 minutes ago, keith101 said:There was very little testing being done and thats why the numbers were low but not zero .
100%. Plus they got EXTREMELY lucky. Yes they locked down the country fairly swiftly and were fortunate to have had a largely compliant population BUT they were dealing with vanilla Covid and because of their luck got complacent, thought they could just flip the semi-lockdown kill switch and stop it dead any time it surfaced, along with the thoughts of the other imbecile that thought the winds would blow it away. Beggars belief really. Now the D variant is here which they successfully distributed across the whole country having squandered over a year of relative safety and suddenly it's YOUR fault for going and partying and drinking like we told you to do.
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Retirement Extension - Chaeng Wattana (800K): Fixed Deposit account acceptable?
in Thai Visas, Residency, and Work Permits
Posted
Does that mean I need a Krung Thai account as well? That said, if it's for a MTD account and I show the bank the card, there'll be be nothing to claim as nothing will be withheld from the bank. I can probably take it to the other banks when I update my passport number so they will stop taxing me on interest (if I understand it right)?