Popular Post Led Lolly Yellow Lolly Posted January 1, 2022 Popular Post Share Posted January 1, 2022 (edited) On 12/31/2021 at 8:47 PM, tuktuktuk said: Is it just me? Is it just Farangs? Is it just Chumpae? Is it just Bangkok Bank, or is it every bank? It's horseshjt. Try another branch. Think about it, a bank deciding not to open accounts is like a gas station not selling gas. It's so absurd you could only hear it said in Thailand. Edited January 1, 2022 by Led Lolly Yellow Lolly 2 1 Link to comment Share on other sites More sharing options...
tuktuktuk Posted January 1, 2022 Author Share Posted January 1, 2022 3 minutes ago, Chris.B said: Go to Kasikornbank or SCB. I wanted Bangkok Bank since you can make ACH transfers to their New York City branch. Maybe that's outmoded info. Link to comment Share on other sites More sharing options...
Popular Post tuktuktuk Posted January 1, 2022 Author Popular Post Share Posted January 1, 2022 4 minutes ago, Led Lolly Yellow Lolly said: It's horseshjt. Try another branch. Think about it, a bank deciding not to open accounts is like a gas station not selling gas. It's so absurd you could only hear it said in Thailand. Exactly what went through my mind at the time. It's like when we went to TOT to get internet service and they told us to go to 3BB since theirs is better. They were right. Can't get internet this good in the US. 3 Link to comment Share on other sites More sharing options...
tuktuktuk Posted January 1, 2022 Author Share Posted January 1, 2022 13 minutes ago, Chris.B said: Probably the "I LOVE NEW YORK" tank top you were wearing? Just saying.... ???? I figure I'm pretty much the epitome of the ugly American. 2 Link to comment Share on other sites More sharing options...
Chris.B Posted January 1, 2022 Share Posted January 1, 2022 12 minutes ago, tuktuktuk said: I wanted Bangkok Bank since you can make ACH transfers to their New York City branch. Maybe that's outmoded info. Maybe, I don't know. A lot of people use Wise now for international transfers. Link to comment Share on other sites More sharing options...
tuktuktuk Posted January 1, 2022 Author Share Posted January 1, 2022 (edited) 16 minutes ago, Chris.B said: Maybe, I don't know. A lot of people use Wise now for international transfers. ACH are free. I can make free international wire transfers from Fidelity where I have my workplace savings, but my banks only do ACH for free. Maybe it's not worth the hassle. We usually transfer about $50k/yr but in sub 10k chunks to avoid the reporting requirements. With SCB we can't actually get them to send us or give us access to monthly statements. Edited January 1, 2022 by tuktuktuk misspelling Link to comment Share on other sites More sharing options...
Chris.B Posted January 1, 2022 Share Posted January 1, 2022 6 minutes ago, tuktuktuk said: ACH are free. I can make free international wire transfers from Fidelity where I have my workplace savings, but my banks only do ACH for free. Are you sure it's free? Do they give you a reduced exchange rate compared to Wise? Link to comment Share on other sites More sharing options...
tuktuktuk Posted January 1, 2022 Author Share Posted January 1, 2022 4 minutes ago, Chris.B said: Are you sure it's free? Do they give you a reduced exchange rate compared to Wise? Fidelity is the only way I've done it. That rate's close to the published numbers. ACH is a US currency transfer and would depend on Bangkok Bank's rate. Nothing's as good as carrying cash, but that has risks I just can't get used to. Link to comment Share on other sites More sharing options...
Chris.B Posted January 1, 2022 Share Posted January 1, 2022 1 minute ago, tuktuktuk said: Fidelity is the only way I've done it. That rate's close to the published numbers. ACH is a US currency transfer and would depend on Bangkok Bank's rate. Nothing's as good as carrying cash, but that has risks I just can't get used to. Well Wise's exchange rate today is 33.210 USD to THB. What is ACH? Link to comment Share on other sites More sharing options...
tuktuktuk Posted January 1, 2022 Author Share Posted January 1, 2022 9 minutes ago, Chris.B said: Well Wise's exchange rate today is 33.210 USD to THB. What is ACH? Automatic Clearing House for transactions under 10k. It only handles domestic transfers. Bangkok Bank receives it in USD in New York and converts it at their rate. I'll look at Wise. Might be better than Fidelity. Last time I think it was 0.3 of a Baht less than the rate Google was quoting (~1%). I saw Wise is charging around $8/$1000. Sound right? Link to comment Share on other sites More sharing options...
Chris.B Posted January 1, 2022 Share Posted January 1, 2022 1 hour ago, tuktuktuk said: Automatic Clearing House for transactions under 10k. It only handles domestic transfers. Bangkok Bank receives it in USD in New York and converts it at their rate. I'll look at Wise. Might be better than Fidelity. Last time I think it was 0.3 of a Baht less than the rate Google was quoting (~1%). I saw Wise is charging around $8/$1000. Sound right? Don't get hung up on the transfer fee, concentrate on the exchange rates. 1 Link to comment Share on other sites More sharing options...
Popular Post Will B Good Posted January 1, 2022 Popular Post Share Posted January 1, 2022 On 12/31/2021 at 2:13 PM, Jerno said: Utter stupidity by the bank. Maybe just a lazy Teller who didn't want to be bothered. Should have spoken to the Manager. The more clients the bank has the better for them. Went to the Bangkok Bank last week about a problem with my credit card. The teller handed me her phone and told me to call customer services.........!!! 1 3 Link to comment Share on other sites More sharing options...
LarrySR Posted January 1, 2022 Share Posted January 1, 2022 23 hours ago, scubascuba3 said: In some banks they get rattled by a falang, get nervous and try to think of excuses they can't do something. Amazing Thailand "No can do." Translates to: snack time, nap time, time to phone mom, time to pick my nose, or check Facebook. 1 1 Link to comment Share on other sites More sharing options...
scubascuba3 Posted January 1, 2022 Share Posted January 1, 2022 (edited) 21 minutes ago, LarrySR said: "No can do." Translates to: snack time, nap time, time to phone mom, time to pick my nose, or check Facebook. I've experienced it twice in banks, Thanachart or similar name bank, lady was relieved when she found a reason to deny opening an account, usually they ask for work permit, once she found it the panic stopped. SCB were also panicked when i asked about PA insurance. Other banks and branches have been fine. Maybe the route cause of this is their very weak technical knowledge of the product, this happens in many places including insurance brokers Edited January 1, 2022 by scubascuba3 1 Link to comment Share on other sites More sharing options...
gamb00ler Posted January 1, 2022 Share Posted January 1, 2022 (edited) 9 hours ago, tuktuktuk said: I wanted Bangkok Bank since you can make ACH transfers to their New York City branch. Maybe that's outmoded info. Bangkok bank only accepts ACH transfers in the IAT format. Almost no retail banks offer that service to non-commercial customers. You may as well say no more ACH from Bangkok bank. However, you can still use a domestic wire but those are usually not free. WISE is a pretty good method but international SWIFT transfers are better for large amounts (>21K US$). The very best transfer results are available to those who hold a Visa or MasterCard debit card that charges no fees for foreign transactions. Go to the Bangkok bank teller and ask them to do a cash advance using one of those debit cards. The limit on the amount available is determined by the issuing bank. Bangkok bank adds no fee for this transaction and you will get the exchange rate determined by Visa or MasterCard. MasterCard generally has the better rate. WISE offers slightly better exchange rates but then adds fees so the net result is better when using those debit cards with no foreign transaction fee. Capitol One bank offers a good MasterCard debit card but has a maximum of 5K$ withdrawal. Schwab offers a good Visa debit card with a 15K$ limit/day. Edited January 1, 2022 by gamb00ler 1 Link to comment Share on other sites More sharing options...
spidermike007 Posted January 1, 2022 Share Posted January 1, 2022 (edited) Perhaps the all powerful covid hacked into their systems? Or is this simply the Zombie Apocalypse? Edited January 1, 2022 by spidermike007 Link to comment Share on other sites More sharing options...
lopburi3 Posted January 2, 2022 Share Posted January 2, 2022 12 hours ago, tuktuktuk said: I suppose Khon Kaen would be easier? The problem with remote branch is, I believe, they still have out of area charge system - so if account in another area you may get hit with extra charges taking money out if not done in bank area. It not much but a PIA to keep track of. I would go back after the current 5 day bank holiday and try again - expect they just wanted to get out of office for the long weekend. But normal requirement with Bangkok Bank these days is a notarized letter from US Consulate providing your address and reason for having account so might check on getting that first. Alternative might be higher level person banking with them providing reference. 1 1 Link to comment Share on other sites More sharing options...
lopburi3 Posted January 2, 2022 Share Posted January 2, 2022 11 hours ago, tuktuktuk said: I wanted Bangkok Bank since you can make ACH transfers to their New York City branch. Maybe that's outmoded info. No longer an option - New York will return any ACH done in normal domestic format and that is all US banks use for personal accounts. It must be in International Format for sending on to Thailand (which is done by US Government payment systems). 2 Link to comment Share on other sites More sharing options...
Popular Post mtls2005 Posted January 2, 2022 Popular Post Share Posted January 2, 2022 (edited) 11 hours ago, tuktuktuk said: ACH are free. I can make free international wire transfers from Fidelity where I have my workplace savings, but my banks only do ACH for free. Maybe it's not worth the hassle. We usually transfer about $50k/yr but in sub 10k chunks to avoid the reporting requirements. ACH from your banks to Fidelity (free), then SWIFT from Fidelity (also free) to thai bank. Assume you know you need to set up a Standing Wire Transfer Order for each thai bank at Fidelity. Best done in person (Medallion stamp required) before you leave the U.S. Then you have to telephone in each SWIFT wire transfer. Mine take ~ 14 hours on average, call at 20:30, funds clear 10:30 (SMS comes a few hours later). I think you'll find that WISE may be the best/simplest,easiest/most cost effective option? Oh, you're here already. Make that the "only" option. (Yes, there are other similar money delivery systems, although some may have a 50,000 BAHT limit.) I would recommend at least two different banks, one being Bangkok Bank. And if you can, open the accounts in branches in shopping malls. They're open more days, longer hours, and staff are used to English. The $10,000 barrier is an old wives tale. Let it go. There are no reporting requirements. Yes, you'll have to file FBAR annually if your thai account exceed $10,000 at any point during the year. Edited January 2, 2022 by mtls2005 2 1 Link to comment Share on other sites More sharing options...
Oracle2022 Posted January 2, 2022 Share Posted January 2, 2022 13 hours ago, DrJoy said: https://www.uob.co.th/web-resources/pdf/personal/download-forms/account_opening_checklist_en.pdf This document in the quoted link tells you everything you need to know. All the types of Visa and Documents needed for a Foreigner to open a bank account. If you are on a Tourist Visa you are not allowed to open a bank account. Are you on a Tourist Visa ? While people can and do open an account with a Tourist visa at some banks at some branches - they must know that this is in fact against the rules in Thailand, and run the risks associated with that. End of the day the bank does not care, they have your money, its you who have to care that at some point in the future you might have a problem getting your money - you never know. If you have a Non-Immigrant visa and married, or have a work permit, I would strongly suggest you get your Yellow Book (Thor Ror 13 - known as the Tabien Baan) (Just google search "Thailand Yellow House Book". With this, opening bank accounts and anything related to something that needs a "permanent" address becomes much easier...... As a rule of thumb......any foreigner married to a Thai should have a Yellow House Book, just to make life simpler and avoid headaches. This means you are registered to live in the "marital" home and you have a permanent address in Thailand. When you need to open a bank account, get internet installed and all sorts of stuff just hand the Yellow Book over and you will see a smile as it makes their life easy to implement what you are asking for.. . 1 Link to comment Share on other sites More sharing options...
stupidfarang Posted January 2, 2022 Share Posted January 2, 2022 Why not try another Bank? Kasikorn Bank is very good. Had a problem changing money in Bangkok Bank a few years ago, teller siad no to changing £1,000 I said they are a bank, and they advertise on the door that they exchange money, they asked if I had a BB account which I did, they asked if I will be depositing the money in the account, I said no. Cut a long story short they changed the money in the end when I asked for the tellers name and said I would be reporting this to the head office in BKK as the bank is there to make money which pays the tellers salary. They were not happy but they changed the money. Link to comment Share on other sites More sharing options...
vandeventer Posted January 2, 2022 Share Posted January 2, 2022 On 12/31/2021 at 8:57 PM, Liverpool Lou said: As a generalisation, what you've allegedly been told is nonsense, banks' sole purpose is to provide banking facilities (bank accounts) so there's no reason for them to stop that business and refuse to open a new account "because of the pandemic"! If it's nothing to do with your being American and any financial ramifications of that, go to a different branch or bank. I tried to open a bank account with the Bangkok bank a few years ago with my American passport. They would not let me open it, so the next day I came back with my Aussie passport and they opened it, strange bank? Link to comment Share on other sites More sharing options...
Popular Post Hanuman2547 Posted January 2, 2022 Popular Post Share Posted January 2, 2022 15 hours ago, BritManToo said: Try a different branch of the same bank and you'll get a different answer. Try four different branches of the same bank and you'll get four different answers! 2 2 Link to comment Share on other sites More sharing options...
Jingthing Posted January 2, 2022 Share Posted January 2, 2022 6 minutes ago, vandeventer said: I tried to open a bank account with the Bangkok bank a few years ago with my American passport. They would not let me open it, so the next day I came back with my Aussie passport and they opened it, strange bank? Not so strange. There are reporting requirements to the U.S that non.US banks must comply with for U.S. persons so many banks globally rationally avoid that by refusing U.S nationals. 2 Link to comment Share on other sites More sharing options...
vinci Posted January 2, 2022 Share Posted January 2, 2022 nah new year thingy, nobody want to work just waiting to take off for the new year 1 Link to comment Share on other sites More sharing options...
Robin Posted January 2, 2022 Share Posted January 2, 2022 I have had Kasikorn accounts in both my own name and joint with wife for years, and I have never had a Work Permit, only Non IMM O (retirement.) Not recommending Kasikorn though, their service is terrible, but ATM works. Note Immigration do not like joint accounts for Retirement visas. Chiang Rai wanted to see 1.6 Million in th account, not 800K Link to comment Share on other sites More sharing options...
Tracyb Posted January 2, 2022 Share Posted January 2, 2022 On 12/31/2021 at 9:17 PM, tuktuktuk said: We'll try it again in Khon Kaen. We set one up there years ago, but as a joint account they couldn't offer online access. We closed it a year later. I need to be able to access it from the US at tax time. I have online access to three joint accounts at Bangkok bank. Link to comment Share on other sites More sharing options...
Tracyb Posted January 2, 2022 Share Posted January 2, 2022 21 minutes ago, vandeventer said: I tried to open a bank account with the Bangkok bank a few years ago with my American passport. They would not let me open it, so the next day I came back with my Aussie passport and they opened it, strange bank? It’s possible that the bank didn’t want to deal with the small mountain of paperwork required by the USA when it’s citizen open accounts overseas. The forms have to do with reporting transactions and balances to the US Treasury dept. Link to comment Share on other sites More sharing options...
Russell17au Posted January 2, 2022 Share Posted January 2, 2022 Go to the Bangkok Bank branch which is located on Sri Chan Road in Khon Kaen and see the man at the International money desk. When you walk in the door go on a 45 degree angle to the right and you will see the exchange rates on the wall. This man speaks English and deals with many farang so just sit down and talk with him. 1 Link to comment Share on other sites More sharing options...
Popular Post norbra Posted January 2, 2022 Popular Post Share Posted January 2, 2022 11 hours ago, Will B Good said: Went to the Bangkok Bank last week about a problem with my credit card. The teller handed me her phone and told me to call customer services.........!!! When they are being difficult about opening a new account,this is the best method to use, customer service will confirm your eligibility and then instruct. Teller to comply 3 Link to comment Share on other sites More sharing options...
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