Retirement 800,000

[Leaver]

21 minutes ago, xylophone said:

Thanks and looking into it now....................

HSBC and Citibank are represented in NZ. 

[Leaver]

1 hour ago, Tanoshi said:

Which Country is that then? 

I'm not Swiss, but Switzerland.  But iif you are happy with a Thai bank, and the Thai baht, good for you.  ????

Edited May 7, 2019 by Leaver

[Gweiloman]

I'm not Swiss, but Switzerland.  But iif you are happy with a Thai bank, and the Thai baht, good for you.  [emoji846]

And you think you can just walk into UBS or Credit Suisse and open an account? Lol. FYI, some accounts pay you a negative interest rate.


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[Gweiloman]

But if you ask them, they'll tell you, "My visa only costs 1900 baht."  ????????

My visa DOES cost me only 1900 baht. I choose to keep over 800k in the banks here (and have done so for years).


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[Leaver]

19 minutes ago, Gweiloman said:

And you think you can just walk into UBS or Credit Suisse and open an account? Lol. FYI, some accounts pay you a negative interest rate.


Sent from my iPad using Thailand Forum - Thaivisa mobile app

I have an account with them, and I didn't say all my funds were in a savings or fixed term account.  Far from it, actually. 

 

They are a bank.  They want your money.  They put it to work, they give you a portion of what they make from your money, and they keep the rest.  Standard procedure.

 

Not like this ridiculous visa system where you put money into a Thai bank to show you can afford to live here, but you can't actually use the money to live on here. 

 

Why do you think that is?  It's a cheap foreigner loan to Thai banks, and they pay a pittance on the 800k, and why, because they know you are forced to deposit it. 

[Leaver]

23 minutes ago, Gweiloman said:

My visa DOES cost me only 1900 baht. I choose to keep over 800k in the banks here (and have done so for years).


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And it costs you a conservative 50,000 baht a year in lost earnings for using the 800k method. 

 

 

[Tanoshi]

2 hours ago, Leaver said:

I'm not Swiss, but Switzerland.  But iif you are happy with a Thai bank, and the Thai baht, good for you.  ????

And will Thai Immigration accept funds deposited in a Swiss bank!  

[CMNightRider]

13 hours ago, Tanoshi said:

Which Country is that then? 

My guess it isn't Thailand ????