800,000 baht hypothetical

[Jingthing]

19 minutes ago, scottiejohn said:

I totally agree. See my post above. 

What I do not understand is why anyone cannot just open an account and stick their 800000Baht in it for the seasoning period and leave it alone.  They can then have as many other accounts as they want for all their other transactions with as many banks as they want.  They still MUST keep an accumulated and verifiable total of at least 800000Baht in accessible cash in Thai Bank accounts on a daily basis for the seasoning period.  Just one timing Mix up  with inter account/banks  debit and credits and tough sh*t. 

Why would people make life complicated for both themselves and the Thai Officials?

I spend down from my 800K account. Then I top it up annually. To me and many other people that's better than never touching the 800K.

[Jingthing]

4 minutes ago, AbeSurd said:

It's called not putting all your eggs in one basket. For the amount of money concerned I wouldn't worry in my own country (UK) but I'm more cautious in Thailand.

Yes, good clarification.

It's about multiple accounts. They may be in the same bank or multiple banks.

Of course the officers would rather not to have the extra work, which is why using one account is recommended, but not required. 

[scottiejohn]

1 minute ago, AbeSurd said:

It's called not putting all your eggs in one basket. For the amount of money concerned I wouldn't worry in my own country (UK) but I'm more cautious in Thailand.

Why?

Deposits of more than 800000Baht are covered in Thailand per Bank licence. (in UK approx. £75,000/bank licence)

So you think that if one Thai bank crashes the others would still be around and your other money would be OK but the "covered" money in the other bank was not?

If your 800000 is in a saving a/c with NO debit card and NO internet access what is the problem?

[scottiejohn]

3 minutes ago, Jingthing said:

stick their 800000Baht in it for the seasoning period and leave it alone.

 

4 minutes ago, Jingthing said:

I spend down from my 800K account. Then I top it up annually. To me and many other people that's better than never touching the 800K.

No one is disagreeing. 

It is the seasoning period that is inviolate. 

I just think mixing up the accounts and drawing down from and adding to the "seasoned a/c's" is fraught with danger, not a good idea for many reasons and has no practical or positive reason/justification.

 

PS;  These are of course only "hypothetical" discussions we are having!

 

[rumak]

8 hours ago, ubonjoe said:

1. yes

2.Yes and copies of your updated bank books.

2.  i assume you would bring the bank books with you  ( i do)

[AbeSurd]

11 minutes ago, scottiejohn said:

Why?

Deposits of more than 800000Baht are covered in Thailand per Bank licence. (in UK approx. £75,000/bank licence)

So you think that if one Thai bank crashes the others would still be around and your other money would be OK but the "covered" money in the other bank was not?

If your 800000 is in a saving a/c with NO debit card and NO internet access what is the problem?

Individual differences. In Thailand you're more trusting than I am. What about money going 'missing' from an account?

[scottiejohn]

1 minute ago, AbeSurd said:

Individual differences. In Thailand you're more trusting than I am. What about money going 'missing' from an account?

Please read the bottom line of my previous post.

[AbeSurd]

1 minute ago, scottiejohn said:

Please read the bottom line of my previous post.

There are other ways of money going missing. And, no, I don't want to list them here. Your nature is different from mine, let's leave it at that.

[CGW]

6 hours ago, janclaes47 said:

I doubt many Thais ask for a bank letter for immigration.

 

It is 100 Baht at every bank I have ever requested the letter.

Try SCB, never been charged less than 200 Baht, 250 this year ? Bargain even at that inflated price, takes them forever, glad to get out!

[ubonjoe]

1 hour ago, Lacessit said:

Ubon Joe, could we close this topic please. Thank you for the information.

Topic now closed as per OP's request.