I opened an account in Bangkok Bank on a tourist visa because I already purchased one condo in BKK.
Now I’m looking for more deals and negotiating with developers but I would prefer to have money ready in my Thai account instead of paying from my foreign account directly to the developer like I did with my first purchase.
I’m planning to send money to my Thai account in chunks from 2 different foreign accounts in my name. Preferably in $100-200k chunks.
do you think that Thai bank can require additional information if I deposit more than a million USD let’s say during 2-3 weeks time?
I know about rules so each transfer I’ll title as money for purchase of a condo.
but now I’m a bit worried if I for example change my mind about buying and decide to transfer out on a later date, will they make any issues?
