ianguygil

SCHWAB app works from Thailand. Plus you can use your Thai address and not have to hide behind the address of a friend in the USA I assume SCHWAB UK App would do the same. That is a hunch. I do not know it and do not use it even though I have UK citizenship too.

Regardless of which Bank you choose, and i would obviously recommend you use Bangkok Bank, you should ask for a special rate for such a large transfer. Anything over about $100K USD should be eligible for a better rate which will make a real difference. While it may be a few points, multiple by hundreds of thousands it will all add up So please go to the Bank. Explain the source of funds (both legally required and what we should all expect and want) and ask for a preferred rate from their Treasury

I do this myself a couple of times a year. It is smooth - just make sure that your bank details in the USA are right. If you are sending a large amount at any point it is worth asking for a special rate, but 100K THB will get the street rate which is good. I always tell people to simply divide the currency you purchased by the currency you sell to see the true rate. Other services can be deceptive hiding fees, commissions and spreads. Also you need to consider the credit worthiness of the company you are using to send your money. With us sending via SWIFT this is not an issue. PM me if you have any problem

This is required now by the Central Bank. We are no longer allowed to offer Mobile Banking on multiple devices.

The reason for the Facial Recognition in Apps in Thailand is to prevent fraud. Thailand is in a special situation in that the settlement is immediate, funds are available to the recipient when the transaction is confirmed to the sender. So many of the inefficiencies and the opportunities to intercept fraud do not exist here. Thailand is a leader in Mobile Banking in many ways The reason that this does not work seamlessly for non-Thai is the lack of a National ID card. That card has an image which is leveraged for the FR technology to match the face with the transaction to that on record. Things like liveness detection are to be built into the App. Thai banks have been instructed to do this by the regulators. If they have not done so they are liable for any fraud even if the customer has done many unwise things, like downloading fake Apps, particularly in the area of Accessibility. The only way to get an image for a non-Thai is to physically meet with the customer, and the best way to do that is in an official Bank branch, whereby we have the equipment and the trained staff to do this. I see that some banks allow non-Thai to continue without the need for FR, but that is a temporary solution I am pretty sure. You will need to do this one way or another. I am also glad to see that our branches (Bangkok Bank branches) are performing well in this task. If you have a specific question please PM me or ask me here. I will not answer for other banks and I will not respond to impolite comments or questions. If you want anything specific to your account I will help you offline. Not here. I am always horrified by the amount of plain unfair and negative comments about Thailand and Thai people here. Comments about not trusting Thai banks are pure bigotry. Thai banks are among the best capitalized banks in the world. The reason that many large foreign banks are not here is that the market is so competitive. They have simply pulled out of consumer banking. The list is long. ANZ. RBS, HSBC, CITI, STANCHART among others. All have pulled out of consumer banking in Thailand in the past 15 years. And they did so because it is too competitive here. I would put the Mobile Banking Apps of any of the leading Thai banks up against any from the USA, UK, Australia, NZ etc. Even many of the Singapore banks do not compare.

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Please contact me via PM if you need help and I can get somebody in NY or in Bangkok to advise you of what is possible. Clearly you would not want us just to allow anybody to say they own your funds and wire it out of Thailand so we would need some proof of identity. So as I said, PM me and I will get somebody to help. Strangely I am on a flight to the US and I will be in NY the middle of next week, so I can always talk to the Branch Manager if needed. Thank you for your business.

This will be enforced in the coming few weeks. You will be forced to update the App by all banks I assume unless they have this as some kind of Webpart component which is unlikely.

This is a regulatory thing. Mandated by the BOT. Banks have no choice. For Thai people we can use the images stored with the Citizenship Card process. As I said this is mandatory. We can not choose to do it or now. But it is a good idea to prevent a lot of the Fraud which has happened particularly on ANDROID which is approx 80% of the market here. To protect people from themselves. I will not get further into this. But all of the Bank's will do this. And - we have no authoritative source for non-Thai citizens so you will have to give a photo to the Branch with your passport or other accepted ID

It appears that you think that security threats are static and that all are known in advance. Tech as with all knowledge advances every day and these are some smart people making the Malware. The Thai regulators are world class and the security protections here are better than in the UK etc. The main problems as I said in the preface to my prior post was that Thailand has immediate transfers. Plus many Thai people use ANDROID which is inherently less secure because you can install Apps from outside PLAY. Finally, Thai people are not well educated in general about info security basic Making snide comments about Thai regulators is pointless. There is no "Clearly" to it. If a new medical advnace is made today were the doctors using the prior approach not "smart"? They were in general, it is just that knowledge has evolved. Most of the people I deal with in the BOT are UK educated (Oxford, Cambridge, UCL or Imperial) or US educated (Berkely, MIT etc.). They are smart and they are hard working. I admire them

Again, without getting too far into it on a public forum. Thailand is relatively unique in that all these payments and transfers are realtime. The money is gone between parties synchronously. Not a day delay or even a few minutes. as in some markets This combined with the relatively high use of ANDROID and a reasonably low level of customer education/awareness of information security principles, leads to the Thai market being a target for leading edge hackers. The most recent of which was exploiting "Accessibility" (which help people with disabilities). I have great respect for the Thai regulators. They are smart. The hackers are smart.

The requirement of allowing only 1 device (phone) to be used for Mobile Banking is from the regulators. This is not a choice now. Previously it was and some banks like us allowed and some did not. It is a security related requirement in response to the recent wave of fraud. That is as much as I can say about it on a public forum.

Haven't had a chance to read all answers There is no need to have a Drivers License in addition to your passport. Here is the authoritative guide If you need help more than this PM me Ian FCD for Web (bangkokbank.com)

The above is technically a part of USSD, which is an old and a basic capability which is delivered via the GSM stack. So you effectively have 2 signals on your phone which you see at the top. The "GSM" signal and the data signal. And again, USSD is a basic capability to allow for the delivery of effectively text based interactions from any device, old dumb candy bar phones of the latest iPhone or ANDROID. So you do NOT need a data signal / plan for USSD. You just need to connect to the GSM Phone network. Here you go What is USSD (Unstructured Supplementary Service Data)? (techtarget.com)

With our Mobile Banking and our Internet Banking, both for Consumers, you can use it from wherever you want to (subject to any embargos like North Korea). We do not limit by IP address and we use AKAMAI so your experience should be fast from wherever you choose to access us from. However, one limitation will be if you want to do something with risk which will required a OTP via SMS to authenticate you (the SIM for the SMS is "what you have" from a security standpoint). Then you will need a Thai phone, but you will only need to turn on Roaming for GSM, not for Data, to do that. Hope this answers questions. If you have more please post here. For anything identifying you please send me a PM and we will go to Bank email. Thank you

@Lemsta69 please PM me and I will get back to you. I am in the UK right now. It may take a couple of days. Thank you

Yes. You can use AEON at our ATMs

Here we go. I'm not sure if these URLs are going to be blocked If they are please look on the Website about Be1st Digital Debit Card Be1st Digital Debit Card (bangkokbank.com) Be1st Digital Debit Card (bangkokbank.com)

I do this in my spare time to try to help people less informed on the Thai market. I will absolutely not preface every message with a statement that I work for the Bank because most people know that. I would note that you are the only person who asked. You could have looked up my profile and simply seen my prior input Right now I am on a flight to Europe on business so I had another opportunity to read this thread. I help people because I do understand that this can be confusing, particularly for those of you do not speak or read Thai. This is not an official Bank channel as I always make clear. And I will not respond to people who are impolite or negative towards me. Seems reasonable to me. Enjoy.

We see a huge and continuing progression of customers moving away from using cards at our ATM's to Cardless transactions using Mobile Banking I travel a lot internationally on business, so I do have a new ATM card so I can get cash if need to in US, UK, Japan etc. However, I do not use the Card at all in the Thai market. There is a move in Thailand for interbank Cardless cooperation (i.e. use our App at other banks ATM, use other Bank Apps at our ATM). And some initial investigations less advanced into International. But that will take a LOT of time. All Thai banks see the volumes of transactions overall dropping on ATM's, card or Cardless. ATM is the most affected by the move to DIGITAL. We are already a largely Cashless society. So expect the use of your App as the center of your financial world to continue and to significantly accelerate. Authentication across channels using the App will become more commonplace. We also have a good and an exciting Virtual Card which addresses many of the security concerns that many customers have regarding using cards online Hope this all makes sense Ian

Send me an PM please. I will get somebody to help you. You PM me. I send my email. You keep my details private. I've helped many people but this is NOT a Bank channel. You will be contacted and an appointment setup at a branch Thanks

I don't have time to look back at what I have that is public or what is not. Without any firm information I would imagine that the technologies behind Project Inthanon could be used for the securitization of Thai Government assets. like bonds. Other consumer oriented examples under discussion separate from the BOT work include some kind of tokenization of loyalty. Tokenization of physical assets is taking place but is a minefield in many ways. It is worth noting that the vast majority of :"money" in the world is electronic (i.e. not in physical cash) but it relies on banks. As FTX has shown, keeping your Digital Assets (Tokens) in a less than well run place can be ... interesting. But what I can see right now is a focus on collaboration with other central banks to simplify FX (moving away from Correspondent accounts to some extent). Good examples of the use of Distributed Ledger in regulated markets in action today are SIX in Switzerland plus DTCC in the USA. Both are real world customers of R3, and are using CORDA, something that I do know about and am at liberty to discuss because they are publicly announced. Here is a link to the R3 DTCC announcement That's as far as I am going on this discussion. DTCC's Project Ion | DTCC

There is no clear link between a CBDC and the acceptance of BITCOIN in a market that I know of. The reasons for banning BITCOIN in a market would probably be concerns about either ill informed investors or the use of this kind of product by malignant players like Terrorists or Criminals who require anonymity

The business case for Project Inthanon, initially, is for Real Time Gross Settlement between Banks. We are of course a part of this and I am a Board Advisor to R3 (BOT use CORDA for this) but I can not really get in to answering in detail as that would not be appropriate. It is thought this will increase liquidity and remove single points of failure. Yes, Bahtnet is tried and proven but this is an obvious next step forward. Scalability needs are extreme because this needs to be almost instant. A Please contact the BOT if you want more info. As I said I need to be careful answering things on projects which are not owned by the Bank.

You can download papers from the Bank of Thailand on Project Inthanon which is the CBDC in Thailand being planned and associated efforts regionally.