what is a " sterling account "

[pumpjack]

i have some extra cash at home in both eu and uk   ( from some cash work i done in the past )   i dont want this money lying about the house in a shoe box.       so can someone explain the sterling account please,  im with kasikorn bank now 4 yrs allready.   do i need open a new account ( ive no work permit or visa)     .

 

what fees are involved etc etc

cheers

jack

[Suradit69]

Kasikorn bank is probably the best source for information.

https://www.kasikornbank.com/en/personal/Account/Pages/foreign-currency.aspx

 

4 hours ago, pumpjack said:

ive no work permit or visa

You have no visa? Do you mean you're here on an extension of stay ... or ?

 

 

[12DrinkMore]

Hardly worth it for small amounts.

 

Might as well exchange for Bahts and put it in a normal account.

 

 

[henry15]

Go to your local Kasikorn Branche  and open an FCD (Foreign Currency Deposit) account in Sterling. Their are no fees, but also no Intrest.

[Dumbastheycome]

"Sterling  account" ? Maybe  one  that  you  deposit  in Stirling  amounts  of  Sterling?

[shaurene]

Stirling account is an English Currency A/C.

[maxcorrigan]

I opened up a sterling account with krongthai bank a while back, but shortly after closed it, it was PITY, you would transfer money from UK bank in sterling and deposit in Thailand in sterling, you could not have an atm card obviously, so it meant to draw money out would be a trek to the main branch of the bank where i had set the account up, then change to BHT which the first exchange seemed quite hefty can't remember now how much, but after that changing to BHT was free, in the end it just was'nt worth the hassle!

[pumpjack]

7 hours ago, Dumbastheycome said:

"Sterling  account" ? Maybe  one  that  you  deposit  in Stirling  amounts  of  Sterling?

well ...........hardly in chinese yen 

 

yes...sterling is GBP

[pumpjack]

5 hours ago, maxcorrigan said:

I opened up a sterling account with krongthai bank a while back, but shortly after closed it, it was PITY, you would transfer money from UK bank in sterling and deposit in Thailand in sterling, you could not have an atm card obviously, so it meant to draw money out would be a trek to the main branch of the bank where i had set the account up, then change to BHT which the first exchange seemed quite hefty can't remember now how much, but after that changing to BHT was free, in the end it just was'nt worth the hassle!

i want hide some money ( legal money )

[jacko45k]

9 hours ago, shaurene said:

Stirling account is an English Currency A/C.

English... you just upset our fellow Union members!

[catman20]

yes, no fees i have one with bkk bank small interest paid you can also open a dollar or euro accounts.

[Montnoveau]

20 hours ago, maxcorrigan said:

...you could not have an atm card obviously...

Can you please enlighten me why?

 

 

 

[maxcorrigan]

10 minutes ago, Montnoveau said:

Can you please enlighten me why?

 

Well the sterling account would be in sterling, ATM machines in Thailand do not have the option to withdraw in sterling or any other currency, plus the ATM machines would not have the ability to convert sterling to BHT. so no ATM card, hence the trek to the main bank outlet, where the account was opened to accomplish this!

 

 

 

Edited November 29, 2017 by maxcorrigan
clarify a couple of points

[Montnoveau]

3 minutes ago, maxcorrigan said:

Well the sterling account would be in sterling, ATM machines in Thailand do not have the option to withdraw in sterling or any other currency, plus the ATM machines would not be able to convert sterling to BHT. so no ATM card, hence the trek to the bank to accomplish this!

Ah, but of course. Suddenly it became very clear :)  No GBP in Thai ATM :)

[ResandePohm]

On 11/28/2017 at 10:31 PM, maxcorrigan said:

I opened up a sterling account with krongthai bank a while back, but shortly after closed it, it was PITY, you would transfer money from UK bank in sterling and deposit in Thailand in sterling, you could not have an atm card obviously, so it meant to draw money out would be a trek to the main branch of the bank where i had set the account up, then change to BHT which the first exchange seemed quite hefty can't remember now how much, but after that changing to BHT was free, in the end it just was'nt worth the hassle!

Why would anyone in their right mind want to keep stirling. It is falling like a lead zeplin. It is better to convert it to Thai baht and keep it in a normal thai bank account.

In any event a Stirling account will not help with the Euros

[sanemax]

Just now, ResandePohm said:

Why would anyone in their right mind want to keep stirling. It is falling like a lead zeplin. It is better to convert it to Thai baht and keep it in a normal thai bank account.

In any event a Stirling account will not help with the Euros

Sterling has been quite stable over the last few years , always hovering around the 43 Baht mark

It was also about 43 Baht eight years ago , although it did rise to 55 Baht a few years ago for a few months, then dropped back to 43 Baht .

   

[NanLaew]

55 minutes ago, sanemax said:

Sterling has been quite stable over the last few years , always hovering around the 43 Baht mark

It was also about 43 Baht eight years ago , although it did rise to 55 Baht a few years ago for a few months, then dropped back to 43 Baht .

   

Any Brits recall the glorious summer of 2004?

 

[sanemax]

4 minutes ago, NanLaew said:

Any Brits recall the glorious summer of 2004?

 

Although that was going back 14 years now , only recent exchange rates are relevant

[NanLaew]

2 minutes ago, sanemax said:

Although that was going back 14 years now , only recent exchange rates are relevant

Relevant to what?

[sanemax]

1 minute ago, NanLaew said:

Relevant to what?

As to whether Sterling is stable or fluctuating .

It was stated that Sterling is falling fast , the reality that its been stable for a number of years

Sterling is at roughly the same rate today , as it was eight years ago

[janclaes47]

3 minutes ago, sanemax said:

Sterling is at roughly the same rate today , as it was eight years ago

 

You must know of a different Sterling then.

 

https://www.currency-converter.org.uk/currency-rates/historical/table/GBP-THB.html

 

[sanemax]

6 minutes ago, janclaes47 said:

 

You must know of a different Sterling then.

 

https://www.currency-converter.org.uk/currency-rates/historical/table/GBP-THB.html

 

If you had read my post above , number 16 , you will see that I wrote that Sterling did rise to 55 Baht for a while and then dropped back down again .

    I didnt write that in post number #20, because I had already written in in post #16 .

I do wish that people would read previous posts , before replying

[janclaes47]

11 minutes ago, sanemax said:

If you had read my post above , number 16 , you will see that I wrote that Sterling did rise to 55 Baht for a while and then dropped back down again .

    I didnt write that in post number #20, because I had already written in in post #16 .

I do wish that people would read previous posts , before replying

I would like people would stop posting pure drivel.

 

theis is what your wrote in post #16

 

" It was also about 43 Baht eight years ago , although it did rise to 55 Baht a few years ago for a few months, then dropped back to 43 Baht "

 

The Pound has never been 43 Baht, or even near that rate until last year.

 

Here you can check back till 2007, please show me where you see an exchange rate below 45

 

http://www.x-rates.com/average/?from=GBP&to=THB&amount=1&year=2007

[yodsak]

[janclaes47]

4 minutes ago, yodsak said:

 

That would make it much easier for sanemax to point when it was at 43 to the Baht 8 years ago.

[NanLaew]

On 12/27/2017 at 9:58 AM, sanemax said:

As to whether Sterling is stable or fluctuating .

It was stated that Sterling is falling fast , the reality that its been stable for a number of years

Sterling is at roughly the same rate today , as it was eight years ago

Ah well, it was VERY relevant to me back then as I built the mansion, bought a Harley and kept a couple of fillies in the stable.

[SooKee]

On 27/12/2017 at 8:43 AM, sanemax said:

Sterling has been quite stable over the last few years , always hovering around the 43 Baht mark

It was also about 43 Baht eight years ago , although it did rise to 55 Baht a few years ago for a few months, then dropped back to 43 Baht .

   

Sterling has only hovered around the 43 mark since the Brexit vote in 2016.  Prior to that it always hovered at around 50 and above since the glory days of the high 60s.  Only once, prior to the Brexit vote, Sterling blipped down to the mid 40s in 2013

Edited December 29, 2017 by SooKee