I Have had a Bangkok Bank account for about 2yrs now and have sent money into my account from the Uk on several occasions of amounts up to £15,000 and drawn on it no problem but have always taken in smallish chunks. Somebody is paying around £70,000 in euros from a spanish account to my Bangkok Bank. Will I be able to draw 1 million baht in cash at a time or will I be refused. Anybody been in a similar position and need to get there hands on the cash and encountered problems...? advice needed please..!

Based on my experience with withdrawals of similar cash amounts from Thai banks (Bank of Ayudhya and Siam Commercial Bank), you should have no problem whatsoever.

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Maestro

You'll get a nice big brick

let the branch manager know in advance a day or so, in person is best. bring your passport.

you can also ask the manager to set you up with some bank security until you get to your car or whatever. (doesn't hurt to ask)

Keep us posted on how this goes, please

Keep us posted on how this goes, please

Yeah, tell us what branch, what day and what time you will make the pick-up.... oh, and what clothes you will be wearing.

let the branch manager know in advance a day or so, in person is best. bring your passport.

you can also ask the manager to set you up with some bank security until you get to your car or whatever. (doesn't hurt to ask)

Hes withdrawing 1 million baht not dollars or sterling... Probably won't even see the manager

Edited May 27, 200719 yr by TopDogger

Keep us posted on how this goes, please

Yeah, tell us what branch, what day and what time you will make the pick-up.... oh, and what clothes you will be wearing.

You will recognise us. We will be wearing Jackets with hoods and masks. Oh and holding Baseball Bats.

Some years ago now I was queing in line at a small Thai Farmers bank branch in Krabi, when a littlle old lady in front of me, dressed in scruffy clothes and carrying a plastic Tesco's bag, withdrew four million Baht in cash. She kept everyone waiting for ages whilst she insisted on counting it....one note at a time!

You should have no problems withdrawing cash from your account.

geoffphuket

Edited May 27, 200719 yr by geoffphuket

Yup, MAKE SURE THE BANK SECURITY ACCOMPANIES YOU TO YOUR CAR!!!

So that he can send an SMS to his friends down the road afterwards...

Ok I asked for a reason but I didn't want to start a panic I have been told of three incidents in recent times where the banks have declared deposits as being dirty money and not releasing funds at more then 20K Baht per day. I was hoping they were not true, a I may be doing the same thing upon the sale of my house. So I would like to know how it goes after he is safe and sound not while he is doing it.

Would be nice to know if these stories are not true. Each of the incidents I'm referring to have been ion the last six months.

The question is about the last few months not last year and beyond.

Please understand that I do not this to be fact, but the sources are believable.

One based on a news cast, a Thai lady

The other two were the results is of selling property and having the money placed in the bank and then not being aloud to transfer the funds out one to the UK the Other to the States.

In the realestate matters they were not aloud to withdraw a lump sum of money and could only do a limitied daily ATM withdrawl.

That makes it next to impossible to set up a new life if your leaving Thailand on a retirement income and need the funds for the next location

There would be a slight confidence problem if the bank didn't let you withdraw your cash!!

They may ask you where it originated from though, the AMLO has asked that all cash transactions over 1 mil baht to be fully traceable.

Cheers,

Soundman.