pumpjack Posted November 28, 2017 Share Posted November 28, 2017 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 Link to comment Share on other sites More sharing options...
Suradit69 Posted November 28, 2017 Share Posted November 28, 2017 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 ? Link to comment Share on other sites More sharing options...
12DrinkMore Posted November 28, 2017 Share Posted November 28, 2017 Hardly worth it for small amounts. Might as well exchange for Bahts and put it in a normal account. Link to comment Share on other sites More sharing options...
henry15 Posted November 28, 2017 Share Posted November 28, 2017 Go to your local Kasikorn Branche and open an FCD (Foreign Currency Deposit) account in Sterling. Their are no fees, but also no Intrest. Link to comment Share on other sites More sharing options...
Dumbastheycome Posted November 28, 2017 Share Posted November 28, 2017 "Sterling account" ? Maybe one that you deposit in Stirling amounts of Sterling? Link to comment Share on other sites More sharing options...
shaurene Posted November 28, 2017 Share Posted November 28, 2017 Stirling account is an English Currency A/C. Link to comment Share on other sites More sharing options...
maxcorrigan Posted November 28, 2017 Share Posted November 28, 2017 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! Link to comment Share on other sites More sharing options...
pumpjack Posted November 28, 2017 Author Share Posted November 28, 2017 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 Link to comment Share on other sites More sharing options...
pumpjack Posted November 28, 2017 Author Share Posted November 28, 2017 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 ) Link to comment Share on other sites More sharing options...
jacko45k Posted November 28, 2017 Share Posted November 28, 2017 9 hours ago, shaurene said: Stirling account is an English Currency A/C. English... you just upset our fellow Union members! Link to comment Share on other sites More sharing options...
catman20 Posted November 29, 2017 Share Posted November 29, 2017 yes, no fees i have one with bkk bank small interest paid you can also open a dollar or euro accounts. Link to comment Share on other sites More sharing options...
Montnoveau Posted November 29, 2017 Share Posted November 29, 2017 20 hours ago, maxcorrigan said: ...you could not have an atm card obviously... Can you please enlighten me why? Link to comment Share on other sites More sharing options...
maxcorrigan Posted November 29, 2017 Share Posted November 29, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
Montnoveau Posted November 29, 2017 Share Posted November 29, 2017 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 :) Link to comment Share on other sites More sharing options...
ResandePohm Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
sanemax Posted December 27, 2017 Share Posted December 27, 2017 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 . Link to comment Share on other sites More sharing options...
NanLaew Posted December 27, 2017 Share Posted December 27, 2017 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? Link to comment Share on other sites More sharing options...
sanemax Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
NanLaew Posted December 27, 2017 Share Posted December 27, 2017 2 minutes ago, sanemax said: Although that was going back 14 years now , only recent exchange rates are relevant Relevant to what? Link to comment Share on other sites More sharing options...
sanemax Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
janclaes47 Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
sanemax Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
janclaes47 Posted December 27, 2017 Share Posted December 27, 2017 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 Link to comment Share on other sites More sharing options...
yodsak Posted December 27, 2017 Share Posted December 27, 2017 Link to comment Share on other sites More sharing options...
janclaes47 Posted December 27, 2017 Share Posted December 27, 2017 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. Link to comment Share on other sites More sharing options...
NanLaew Posted December 28, 2017 Share Posted December 28, 2017 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. Link to comment Share on other sites More sharing options...
SooKee Posted December 29, 2017 Share Posted December 29, 2017 (edited) 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 Link to comment Share on other sites More sharing options...
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