ianguygil

Tourists can use cash or card at those few vendors who won't receive cash - like STARBUCKS - they can use a card. Even for small amounts. No country would base their decision on a strategy like trying to formalize the economy on the needs of tourists - even if a major sources of FX revenue. You can just see the huge acceptance and growth in the use of QR Codes by the Thai public to see how popular this is. We see 40% annual increase in volumes with a combination of both more customers and even more markedly each customer using the system more frequently each day largely for QR based payments. I would predict that QR will be replaced by some national or international contactless solution similar to APPLEPAY or GOOGLEPAY but without the exorbitant fees involved. Again, QR in Thailand is free. And (almost) every phone has a camera. I would note that there are many more stores in the UK and in the USA who do not accept cash than there are in Thailand. QR is largely offered and embraced as an option with cash still welcome. In the UK that is not true

This (QR) "formalizes" the economy so that the authorities can better see the flows of funds. There is a lot behind this and it is very valuable to tax collection and for economists. It also saves cash because they spend a lot to print banknotes and to recycle. Plus the big Fraud problem on larger notes. Also, this is convenient for poor people because it does not require them to maintain a "float of cash". Like a Noodle seller who may need to get 1,00 Baht in 20's and 1,000 in 100 Baht notes in order to make change at the start of day with cash would no longer need to so with Promptpay for most purchasers. For people like me it means I do not have to go to the ATM - even though I do work in a bank. And it automatically gives me receipts. Which makes it easier for reimbursements. Plus paying bills and transferring is so much easier. You can display the QR code for you for Promptpay and users do not need to know your account number or phone number. And this works for Push and Pull payments. Many benefits and almost no disadvantages I can see as long as you are not running some kind of weird business and do not want the authorities to know about income.

Please see this thread. I helped RrtiredThailand. If you need to move a large amount - in the millions of Baht - we can give you a special rate. And as I said I have helped many people on this forum over the years. So PM me if you need to move a large amount. A few hundred thousand Baht will not qualify. This is like buying Wholesale and not Retail.

As said so many times before, if anyone needs help please PM me and I will get somebody to contact you on an official Bangkok Bank channel. This is a very popular service. My son is at UCL in London and I send him money ....... often. PM me please if you need help

Then you should get an FX contract from us and a better rate. PM me please and I will give you my email (please do not share) and then somebody from in the GPS group will deal with you. Thanks

Please give a rough idea of the amount that you plan to move. If this is over about $60,000 USD, you are better to negotiate an FX rate with us (Bangkok Bank) in Thailand. It is like buying Wholesale v Retail. Then when you send the funds it will refer to this FX arrangement and you will get that rate. But it does need to be above an certain fixed amount. Building a house varies widely in cost and I have no idea of the amount involved. If you go to a branch or to our HQ on the 2nd floor you can ask them for details. This is not complex. PM me if you want more details and I an refer you to the Global Payments group who will deal with you directly. Thanks It is NEVER beneficial to move a foreign currency to THB offshore in a developed country (maybe ok in Myanmar, Lao or Cambodia) Ian

I didn't read this whole thread so please excuse if already answered There is no need to open an account. We do offer accounts but the are not FDIC Insured. And as I said no need if you just want to move funds. This link will help. If you still need help the please PM me Ian Transfer money from the US to Thailand via Bangkok Bank’s New York branch

I will get you the actual requirements from our Consumer Banking people, hopefully with a link to our Website so you can bring this with you.

Understood For anybody in the UK you an contact London Branch, in the USA you can contact New York. Contact details are on our Website www.bangkokbank.com

You can contact our branch in New York and possibly they can help you. Please PM me and I can get somebody to get in touch with you Ian

To enhance transaction security and application efficiency as well as support new features, upcoming Bangkok Bank Mobile Banking versions will only be supported on iOS version 13.0 & above and Android version 7.0 & above from September 21, 2023 onwards. Bangkok Bank Mobile Banking

It is iOS 11 for APPLE and ANDROID 7 and up for other phones

Without any specifics I can't really answer, ANDROID is a hard one because it is Open Source. Most (80%) of our customers use ANDROID and the vast majority have no problem. If you look at SCB or KBANK on Play you will see many issues with it not running on certain devices too. I would call 1333 to get some more expert help or I would send me your details I can get someone to help you. Please do so ONLY via PM not on this public forum. SCB uses FLUTTER for ROBINHOOD which is designed to use a Canvas to prevent such problems, but even that App has problems if you look on PLAY. So as I said, ANDROID is a challenge We support from ANDROID 7 up I believe.

OK. Here is the answer I got from the guy who is the overall Tech Lead for MB. I run Digital overall, not just Mobile, and have hundreds of staff (who are 99% Thai). This guy lives and breathes Mobile Banking. "You can use a second phone to register/activate mBanking app. During the activation process, users will be asked to remove the previous phone (to confirm whether they want to use a new phone instead)." So you can do it as a part of the setup of the new phone. I thought it must be this otherwise you could end up with no functioning device for some period in time, but I will only ever tell you what I know, not what I think. Thank you for your interest in Bangkok Bank

Actually I have no idea, let me ask my team. When I did it recently I did not really take note of all the steps but it was really quick. I will ask and get back to you. I used to have 4 or 5 phones registered before this BOT regulation.