Yes, like most of the depositor's in Thailand do not have 1 million baht in the bank.
Others with funds over 1 million baht must manage their risk and work to spread it around.
Government also do not want money sitting in savings accounts but would rather see the money spent or invested in funds or the stock market.
Evaluation of Financial Institutions’ Strengths
Depositors are able to check the stability of financial institutions from their credit ratings, provided by well-known financial organizations. Financial institutions’ gross revenues and assets are publicly available on websites – for example, websites of any financial institutions, the Bank of Thailand (BOT), Thailand’s Securities and Exchange Commission (SEC), etc. Other important parameters that should be taken into consideration are satisfaction in providing services, liabilities and Rate of Return (ROR).
Managing Risks
Depositors can distribute their deposits among different banks, which is one of the methods in which they can manage risk under the Deposit Protection Institution. However, if depositors are confident in the stability and health of their financial institutions and are satisfied with the level of service they receive, then they do not need to make such distributions.