OneZero

JimGant, Mapguy: Questions ref the co-signer single owner savings account:

1.  What bank did you use, & do you think it matters?

2.  Did you feel you had to double the 800K just to be "safe" at Immigration?

3.1 Do the two people both have to sign in order to withdraw the money; ie can co-signer alone withdraw?

3.2  Quote: "....just have her clean out the account before you're cold."  If the answer to 3.1 is "Yes": How would the bank know I am alive or not?

3.3  If the answer to 3.1 is "No":  What options does the co-signator have, (ie, Will & probate only)?

To the best of my knowledge and personal experience, answers:

1. Bangkok Bank. Ask the banks.

2. No. Never have done.

3.1. No

3.2. Banks may not take kindly to milking the accounts of deceased owners. This potentially poses problems with probate and distribution of assets as well as any future business with the bank.

3.3 A cosignatory may of course be a beneficiary. (See 3.2 above)

Thanks Mapguy, now I see I wasn't clear enough in question 3.1.  In 3.1 I in fact asked two questions there & now I'm not sure which your answer of "No" applies to.  I assume:

a). I assume you meant that "Both" people do NOT have to sign in order to withdraw money. 

b). I further assume that the co-signer can indeed withdraw money by themselves.

Please advise if you agree or disagree with my assumptions a) and b)  above.  Thanks.

19 hours ago, JimGant said:

 

7 minutes ago, Mapguy said:

Per Gant’s comments I can confirm no difficulties re obtaining an extension of stay with a cosignatory on savings and fixed accounts. As stated before, a cosignatory, spouse or significant other or whatever is not an owner of an account.

JimGant, Mapguy: Questions ref the co-signer single owner savings account:

1.  What bank did you use, & do you think it matters?

2.  Did you feel you had to double the 800K just to be "safe" at Immigration?

3.1 Do the two people both have to sign in order to withdraw the money; ie can co-signer alone withdraw?

3.2  Quote: "....just have her clean out the account before you're cold."  If the answer to 3.1 is "Yes": How would the bank know I am alive or not?

3.3  If the answer to 3.1 is "No":  What options does the co-signator have, (ie, Will & probate only)?

15 hours ago, JimGant said:

Actually, your partner becomes a co-signatory, not a beneficiary. As previously stated, Thailand has no 'pay on death' proviso to enable you to leave your bank account to a beneficiary, thus avoiding probate. So, take your partner to the bank, set her up as co-signatory (no Will necessary), they'll enter her name against the account, and issue a new passbook that has her name (hidden) associated with the account. Officially, upon your death, the account is supposed to go thru probate. Functionally, especially if your co-signatory is also your Will's beneficiary, just have her clean out the account before you're cold. No aggrieved party (I'm assuming), so who's to file a protest?

But I thought that if you did this, then Immigration would not accept the money on deposit (400K or 8ooK) as being eligible for the extension requirement.  Will Immigration accept a joint account?  I thought NOT.

8 hours ago, thaibeachlovers said:

 

8 hours ago, thaibeachlovers said:

On 8/9/2019 at 3:00 PM, OneZero said:

Oh the money to be made, haha.  Gotta pay for the bureaucratic necessities somehow.

There is no charge for doing TM30.

I should have been more clear.  If a TM30 is indeed required for incountry travel there will certainly be a much larger opportunity to impose fines for non compliance.  Oh the money to be made with Fines. 

086-843-2611  Call "Q". 

Q is a Thai national fluent in both Thai & English after living in Minnesota 5+ years and studying English language at a University there.  He tutored my Thai wife in English while we were in Jomtien & she learned far more than in a classroom here in Chiang mai.

For a start try the following link:

fhickson: I would think that with the increase of condos, people & cars, that it's clear traffic has worsened & I would say that must have impacted unhealthy aspect of the air.  In any event I suggest you read a well written posy by donnacha's in the following link:

Thailand wants you to bring money into Thailand.  Simple as that.

On 7/29/2019 at 12:34 PM, OneZero said:

Isn't there an LG repair shop on inner moat road south side, a few hundred meters west of Chiang Mai gate.

https://www.google.com/search?source=hp&ei=1fQ_XfWjIsrVvgSH_IjYBg&q="LG+repair+center+chiang+mai"&oq="LG+repair+center+chiang+mai"&gs_l=psy-ab.3..0i22i30.3959.29757..32501...0.0..0.157.3203.6j23......0....1..gws-wiz.....0..0i131j0j0i7i30j33i22i29i30.iHp8q9JMk-Q&ved=0ahUKEwi14v6sktzjAhXKqo8KHQc-AmsQ4dUDCAU&uact=5

Isn't there an LG repair shop on inner moat road south side, a few hundred meters west of Chiang Mai gate.

Ah yes another bureaucratic make work suspense established by some Immigration offices.  Not only is it a burden on the farang but "make work" for the Immigration office.  

"Make work" entails an expense, even if that expense is nothing more than frustrating both the farang & Immigration employees.  Accordingly, the farang must be made to pay for that added expense. 

Don't be surprised if a fine (perhaps 1,600 thb) is ultimately established if the suspense is not met within a 7 day delay.

Hope he finds a good home.  Sorry I can't take him or suggest someone for you to contact.

Some pictures would perhaps / probably help.

Massive massive influx of condos / people & their impact upon traffic & pollution in the past 10 years has probably had a negative impact upon Thai CM natives attitudes.  Then also with respect to the farang, if a fair percentage may be more interested in sex than marriage with their daughters, that may also have a somewhat more negative impact toward the farang contingent.

Computer shops NW side of Mat.  Maninoppharat Rd.

Pardon my ignorance but what is changing from HDD to SSD exactly, & how does it help (ie, is it really worth doing)?

Thanks for spreading the word.   

Pib,  Thank you for quick reply.

Disappointed in DFAS.  Guess they have their reasons.

Pib, I may have asked this before but with all these alternatives its confusing. 

Does DFAS do the method you described in the following quote?

"Now if your do not want to use the SS IDD program, you can use the SS ACH program to a Bangkok Bank special Direct Deposit account...those SS ACH transfers will be reflected as FTT/International Transfer.  Bangkok Bank is only Thai bank with ACH receiving capability.   But this special Direct Deposit account comes with restrictions like no debit card allowed, no ibanking transfers from that account, the account only in your name, and you can only withdraw/transfer funds from that Direct Deposit account by "you" with passport in hand visiting any Bangkok Bank branch to prove your are still alive each and every time your want to withdraw/transfer funds for that Direct Deposit account."

Again, my question is will DFAS do as described above?

You won't know until you formally ask the committee / JP for approval (in writing with helpful explanatory info for decision).

Worth a try:

http://santisookdogsandcats.org/

Ms Namfon (Fon) Hilgers (Thai/ Eng) mobile 081 6382105

or email: [email protected]

Our address is at:  114/278 M00 1 Vangdoi,  T. Papong,  A. Doi Saket, Chiang Mai , Thailand 50220

1 hour ago, ubonjoe said:

If the SSA sends it with the IAT code you will receive it. Got mine today.

You also now have the option to have it direct deposited into any Thai bank account since International Direct Deposit went into effect.

Will DFAS (US mil retiree) do the same?

18 hours ago, monkeycu said:

2 Huey, Dewy and Louie

2.  Larry, Curly and Mo

Refresh.  Perhaps a more descriptive title post would attract someone interested.  Good luck.  Have six already.  They are lovely.  Each with their own personalities.