paulsingle Posted January 8, 2022 Share Posted January 8, 2022 I just tried to send funds to my Kasikorn account via Wise using the details already set up which I always used in the past. The payment was instantly returned and Wise tells me the Kasikorn account is closed. There has been no activity on the account for 2 years as I'm in the UK and there is a pandemic so I haven't been able to travel. I think I had about 10,000 baht in the account. Does anyone know if I will be able to reopen my account by going into Kasikorn when I get to Thailand in a couple of weeks time? Link to comment Share on other sites More sharing options...
thaiman Posted January 8, 2022 Share Posted January 8, 2022 Is 2 years the time period that dormant accounts are closed? Link to comment Share on other sites More sharing options...
bbko Posted January 8, 2022 Share Posted January 8, 2022 Maybe download the K-Bank app and see if you can access it? 2 Link to comment Share on other sites More sharing options...
Popular Post The Hammer2021 Posted January 8, 2022 Popular Post Share Posted January 8, 2022 Bad news. The moral of this story is to keep your account active during prolonged absences perhaps via Internet banking or app. 3 Link to comment Share on other sites More sharing options...
userabcd Posted January 8, 2022 Share Posted January 8, 2022 (edited) After one year of no use the account becomes dormant and you cannot use until reactivate again in Thailand. Fees will be deducted if there are any remaining funds until the funds are depleted and the account probably closed. Edited January 8, 2022 by userabcd 1 Link to comment Share on other sites More sharing options...
Gsxrnz Posted January 8, 2022 Share Posted January 8, 2022 (edited) 7 minutes ago, thaiman said: Is 2 years the time period that dormant accounts are closed? I think it's 10 years but I stand to be corrected. I know people who have had relatively low balances and the annual bank fees have whittled the balance down to zero and the account closed. Otherwise maybe it's a case of fraud? Edited January 8, 2022 by Gsxrnz 1 Link to comment Share on other sites More sharing options...
Popular Post Nickelbeer Posted January 8, 2022 Popular Post Share Posted January 8, 2022 Just one more reason that I will not keep more than a small amount in a Thai bank. They are a law unto themselves. 1 1 2 5 Link to comment Share on other sites More sharing options...
HappyExpat57 Posted January 8, 2022 Share Posted January 8, 2022 Just spitballing here, but I recently read verification that Wise can only xfer to 3 banks in excess of 50,000 baht. Maybe Kasikorn can't accept a transfer of this ammount via wise and Wise erroneously reported the account closed? 1 Link to comment Share on other sites More sharing options...
thaiman Posted January 8, 2022 Share Posted January 8, 2022 1 minute ago, The Hammer2021 said: Bad news. The moral of this story is to keep your account active during prolonged absences perhaps via Internet banking or app. What constitutes as inactivity? Link to comment Share on other sites More sharing options...
Popular Post The Hammer2021 Posted January 8, 2022 Popular Post Share Posted January 8, 2022 1 minute ago, Nickelbeer said: Just one more reason that I will not keep more than a small amount in a Thai bank. They are a law unto themselves. Yet we all keep 800 000k or put in 65k a month! The OP left his account dead for 2 years 3 Link to comment Share on other sites More sharing options...
Popular Post The Hammer2021 Posted January 8, 2022 Popular Post Share Posted January 8, 2022 Just now, thaiman said: What constitutes as inactivity? Lack of activity 4 7 Link to comment Share on other sites More sharing options...
userabcd Posted January 8, 2022 Share Posted January 8, 2022 1 minute ago, thaiman said: What constitutes as inactivity? Not making deposits and withdrawals in a year. 2 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted January 8, 2022 Popular Post Share Posted January 8, 2022 (edited) 30 minutes ago, paulsingle said: Does anyone know if I will be able to reopen my account by going into Kasikorn when I get to Thailand in a couple of weeks time Quite sure. About 2012 a mate went to Kasikorn with his age old "Thai Farmers Bank" book and his account was not finally terminated. He got his new Kasikorn bank book. And as you had 10k in the account the annual fee could not have emptied the account. Edited January 8, 2022 by KhunBENQ 4 Link to comment Share on other sites More sharing options...
FritsSikkink Posted January 8, 2022 Share Posted January 8, 2022 7 minutes ago, Nickelbeer said: Just one more reason that I will not keep more than a small amount in a Thai bank. They are a law unto themselves. Start reading the fine print from your own bank 2 Link to comment Share on other sites More sharing options...
Popular Post userabcd Posted January 8, 2022 Popular Post Share Posted January 8, 2022 (edited) 10 minutes ago, Nickelbeer said: Just one more reason that I will not keep more than a small amount in a Thai bank. They are a law unto themselves. Nonsense, the rules are there and have been in the news, the account holder should take responsibility for his personal finances. In Europe and elsewhere, similar dormancy rules and account closures exist. Edited January 8, 2022 by userabcd 3 2 Link to comment Share on other sites More sharing options...
Farmerslife Posted January 8, 2022 Share Posted January 8, 2022 According to their T&Cs they are meant to inform you if they are declaring the account dormant. That said, would they have had an updated contact address? 2 Link to comment Share on other sites More sharing options...
Nickelbeer Posted January 8, 2022 Share Posted January 8, 2022 2 hours ago, userabcd said: Nonsense, the rules are there and have been in the news, the account holder should take responsibiliyy for his personal finances. In Europe and elsewhere, similar dormancy rules and account closures exist. No matter what they do, there is alway a Thai apologist ready to defend them. 1 2 6 Link to comment Share on other sites More sharing options...
Nickelbeer Posted January 8, 2022 Share Posted January 8, 2022 12 minutes ago, The Hammer2021 said: Yet we all keep 800 000k or put in 65k a month! The OP left his account dead for 2 years Wrong. I use an agent and so do many others. 1 3 Link to comment Share on other sites More sharing options...
scubascuba3 Posted January 8, 2022 Share Posted January 8, 2022 Check the T&Cs online, i doubt it's closed because you haven't used it, more likely the balance went to zero. Just open a new account when you arrive, no big deal 1 Link to comment Share on other sites More sharing options...
Chris.B Posted January 8, 2022 Share Posted January 8, 2022 2 years is not very long to park some cash for a rainy day. Isn't that what bank accounts are for? Link to comment Share on other sites More sharing options...
Dante99 Posted January 8, 2022 Share Posted January 8, 2022 21 minutes ago, thaiman said: What constitutes as inactivity? 20 minutes ago, userabcd said: Not making deposits and withdrawals in a year. Activity can be as simple as updating your bank book to get the interest put into it. I have kept Thai bank accounts active for many years just by doing that. One year no activity often causes accounts to be put on inactive status so they can not be used in the US also. Generally easy to reactivate so can be used. 1 Link to comment Share on other sites More sharing options...
big dendrobenaes Posted January 8, 2022 Share Posted January 8, 2022 34 minutes ago, bbko said: Maybe download the K-Bank app and see if you can access it? GOOD IDEA Link to comment Share on other sites More sharing options...
thaiman Posted January 8, 2022 Share Posted January 8, 2022 Just now, Dante99 said: One year no activity often causes accounts to be put on inactive status so they can not be used in the US also. Generally easy to reactivate so can be used. Generally, how long will an account remain on "inactive" status before it is closed? Also, after an account is closed, can the account be reactivated? Link to comment Share on other sites More sharing options...
Popular Post userabcd Posted January 8, 2022 Popular Post Share Posted January 8, 2022 2 hours ago, Nickelbeer said: No matter what they do, there is alway a Thai apologist ready to defend them. Nope people should take responsibility for themselves. Thailand is great and everything works satisfactorily, Seems some want to be nannied all the time. 3 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted January 8, 2022 Share Posted January 8, 2022 (edited) 23 minutes ago, Nickelbeer said: Wrong. I use an agent and so do many others. But your bank account remains active as you still have money coming in and out AND the ghost 800000k deposit put in every year by the agent. People use agents for convenience not poverty. They still put 65Kbht plus through their account every week. Edited January 8, 2022 by The Hammer2021 Link to comment Share on other sites More sharing options...
DrJoy Posted January 8, 2022 Share Posted January 8, 2022 (edited) 41 minutes ago, bbko said: Maybe download the K-Bank app and see if you can access it? No it wont work abroad. 1st time the app requires 3g/4g only (Thai sim) Wont work on Wifi 1st time. Edited January 8, 2022 by DrJoy Link to comment Share on other sites More sharing options...
The Hammer2021 Posted January 8, 2022 Share Posted January 8, 2022 28 minutes ago, Farmerslife said: According to their T&Cs they are meant to inform you if they are declaring the account dormant. That said, would they have had an updated contact address? email address? Link to comment Share on other sites More sharing options...
Dante99 Posted January 8, 2022 Share Posted January 8, 2022 5 minutes ago, thaiman said: Generally, how long will an account remain on "inactive" status before it is closed? Also, after an account is closed, can the account be reactivated? I never bothered with all that because I learned that once a year activity was enough to keep the accounts open and active here and in USA. No need for the rest of that, I am not writing a book. Link to comment Share on other sites More sharing options...
userabcd Posted January 8, 2022 Share Posted January 8, 2022 (edited) 31 minutes ago, Nickelbeer said: Wrong. I use an agent and so do many others. But surely one still needs the min lump sum deposit or monthy financial deposit in their name or is some illegality being arranged with an agent to skirt around that requirement? Edited January 8, 2022 by userabcd 1 Link to comment Share on other sites More sharing options...
Dante99 Posted January 8, 2022 Share Posted January 8, 2022 1 hour ago, paulsingle said: Does anyone know if I will be able to reopen my account by going into Kasikorn when I get to Thailand in a couple of weeks time? Most likely it will be no problem. 1 1 Link to comment Share on other sites More sharing options...
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