In the first paragraph is mentioned that property owners will still be able to have a bank account. What about the tourist who wants to buy a property?
I suppose all the real-estate professionals will press the government and banks to make exceptions for tourists who have the intention of being house or condo owners.
I don’t see any possibility to buy a property, pay the land lease and the associated transaction taxes, pay utilities and other maintenance expenses without a bank account.
I have a bank account in the US as well as in an European country without any property and residence in either country. I do have financial investments in both countries and report these foreign accounts when filing my income tax. Never had any problem as long as you follow the rules.
This is going to hurt the local business as we know most of them avoid debit and credit card and prefer cash.
Paying 220 baths per ATM withdrawal with a foreign card is a non-sense on top of carrying 30,000 baths in your purse.
Many long-term renters (3 to 6 months) may look elsewhere for their winter retreat.