banks aren't guaranteeing deposits

[Leaver]

5 minutes ago, Chris.B said:

However, could a government savings bank fail?

Question is, would the Thai government stop it from failing?

 

5 minutes ago, Chris.B said:

Would Thailand allow that?

Would the Thai government even care about it?  It's a military government.  

 

6 minutes ago, Chris.B said:

Perhaps it safer then the private banks.

Perhaps it's safe outside of Thailand and not betting on Thai banks and the Thai government.  Yes, it is a gamble.  You are betting on Thai banks and the Thai government with your money.  

[JBChiangRai]

On 10/18/2020 at 2:15 PM, Pib said:

And to increase your coverage it's best not to have all your money with only one bank like Bangkok Bank, Kaiskorn Bank, SCB, Krungsri Bank, etc. And having all your money in multiple branches of the same bank, like having money in Branch A and Branch B of Bangkok Bank, counts as having your money in only one bank....one institution.   

 

Since the max coverage is going to be Bt1M come 11 Aug 2021 if you are going to have more than Bt1M in your acct(s) you should consider splitting it among banks/institutions to increase your coverage.  Like keep Bt2M evenly split between two banks to have Bt2M coverage....three banks for Bt3M coverage....etc.

 

 

http://www.dpa.or.th/en/articles/view/protection-limit

 

The exclusions are non-residents with baht accounts

4)  Natural persons not of Thai nationalities and not having alien identity or residence permits.

 

 

 

[topt]

7 hours ago, JBChiangRai said:

The exclusions are non-residents with baht accounts

4)  Natural persons not of Thai nationalities and not having alien identity or residence permits.

 

 

 

Who do you think that refers to?

And why single out one of 4 exclusions mentioned?

If it is because you think that refers to most of the readership of TV I suggest you only need look to the lines above your quote -

Quote

Foreigners with Thai baht deposit accounts at member financial institutions in Thailand are also protected under the Deposit Protection Agency Act. However, “Non-Resident Baht Accounts” as defined in the Exchange Control Act B.E. 2485 (1942) are not protected.

The NRBAs mentioned are not the bog standard savings/fixed accounts most of us use but you may be different.......

 

The thread title has already been proven misleading so if you read the whole thread I would question why you have even raised this (red herring?) 4 weeks after the last post?