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Foxx

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Posts posted by Foxx

  1. 1 hour ago, Haveasay said:

    Installed the app. Still trying to understand it's use as I want to transfer funds from an Aussie bank to Thai bank. Why do I need their card? Can't I just specify an account to transfer from and to and walla? Any suggestions?

     

    You can do straightforward transfers as you describe without the card (albeit only to Thailand, not from).  However, the card can be very useful if the Thai government starts taxing bank transfers to Thailand.  You can pay for everything (well, most things) using the debit card, get a decent exchange rate, and (probably) evade the new taxation.

  2. 1 hour ago, JeffersLos said:

    Do you have a link to a reputable asset management company, being able to open online would be a small advantage.

     

    I can't really recommend a reputable asset management company.  However, let me relate my recent experience of opening a mutual fund account with Krung Sri a couple of weeks ago.

    The Krung Sri bank app (KMA) has a section "Mutual Fund" and if you click on it there's the option "Open Account".  I clicked on it and then filled in a fair bit of information, including going through an (utterly pointless) suitability questionnaire.  At the very final step it said that the application could not be completed online.  The actual message said that I needed to have my identity verified and (another) photograph taken.

    I visited a branch, and was told that it wasn't possible to open a mutual fund account online.  I then had to go through the entire process on paper (including the suitability questionnaire).  The whole process took over an hour, including several 'phone calls by the counter staff to head office.  The final hiccough was that they required me to invest in a fund immediately to complete the account opening.  Their website lists a range of perhaps 9 or 10 fund managers whose funds were available, and I'd previously shortlisted three or four funds, so that shouldn't have been a problem.  However, the reality is that virtually all the funds available are from Krung Sri, and only a token number of funds is available from the other fund managers.  Given that Krung Sri doesn't have a great reputation for fund management, this was a blow.  (In fact, they only have 3 funds rated 5-stars by Morningstar Thailand - that's out of 240 funds overall.  And all three funds are FIFs, so Krung Sri is not doing fund management.)  I've now realised that Krung Sri is no alternative to my regular Thai brokerage account which offers a much more extensive range of funds.

    In short, I'd recommend opening an account with a full service brokerage (primarily not one attached to a bank).  However, if you go down the bank asset management company route, check how extensive the range of available funds actually is before opening an account - don't just rely on a list of available fund companies.

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  3. There's a list of brokerages at https://www.set.or.th/en/market/information/member-list/main

    Note that whilst many of them are associated with banking organisations, you are unlikely to be able to open a brokerage account at a bank branch - you'll need to approach the brokerage directly.

     

    You mention being on a non-O visa.  If this is for retirement, then you are going to find it very difficult to open an account.  I know, I've tried.  In the end I was only able to open an account by someone giving me a personal recommendation.

    I would add that, given your apparent naïveté in such matters, direct investment in the SET may not be a good idea.  You'd probably be better off investing in mutual funds.  For these you'd open an account with an asset management company.  Banks have associated asset management companies and you can open an account at a bank branch (or even online).  Unlike the past, most banks now allow you to purchase funds from other asset management companies.

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  4. 5 hours ago, littlepig said:

    I'm in Thailand now so online would be the only option - unless I have to go back to a snowy UK to go physically into a branch.

     

    Don't you have a mobile 'phone? At least 'phone them to explore the options.

     

    Edit:  this website suggests that with NatWest 'phone banking the transfer amount is unlimited.

     

    https://wise.com/gb/blog/international-transfer-natwest-uk#:~:text=Using telephone banking,to the amount

  5. 17 hours ago, john donson said:

    I am an existing customer at Krungsri and I thought, maybe opt for that 0.9% per year savings account

     

    Well, I opened five accounts with Krungsri earlier this week and wasn't asked for any ID beyond my passport.

     

    Incidentally, if you're looking to park your money, why not go for a fixed deposit? 48 months fixed is paying 2.5% p.a..  If you don't want to lock your money up for that long, 14 months is 2.2% p.a..

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  6. Banks don't provide access to stock exchanges - brokers do.

    I'd suggest Phillips POEMS - used to dealing with foreigners.  https://www.poems.in.th/

    Even though banks often own brokerages it's (usually? never?) not possible to open brokerage accounts through your local bank branch.  You'd need to deal directly with the brokerage.

    An exception is for UHNW individuals.  For example, if you've got 50 million baht in your bank accounts, Krung Sri will provide access to foreign stock exchanges.

  7. Is it OK to be gay in Iran? According to ChatGPT:
     

    Quote

    Iran has strict laws and societal norms regarding homosexuality. Homosexual acts are illegal and can be punishable by imprisonment, fines, or even the death penalty. The legal and social environment for LGBTQ+ individuals in Iran is challenging, and they often face discrimination and persecution.


    I take that as a "no", then.

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  8. 12 hours ago, Morch said:

     

    She doesn't really over eat, the weight gain thing came (slowly) after being spayed.

     

    Which is why it's good practice to reduce the amount of food fed after neutering.

     

    Anyway, better late than never.  You can cut back the amount you feed her gradually over a couple of weeks.  Probably best to stick with dry commercial food for now so you can know exactly how much you're giving her.  (With my dogs I weigh the food to the gram.)

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