Kasikorn closed my account

[malt25]

On 1/8/2022 at 10:46 AM, userabcd said:

Not making deposits and withdrawals in a year.

Sounds like my sex life !

[OJAS]

On 1/8/2022 at 8:57 PM, Encore said:

On querying this, K-Bank advised that if the available balance in the account is less than 2,000 baht and the account has no transactions or any movement in 1 year then an inactivity fee of 50 baht per month is deducted until the available balance is 0 baht and then the account is automatically cancelled and closed. 

https://www.kasikornbank.com/en/rate/fee/ChargesDoc/ServicingFees_en_270821.pdf

 

[Capella]

On 1/8/2022 at 2:41 PM, 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.

Bank accounts in most countries have to remain active to remain open. It's all to do with Know Your Customer & Anti Money Laundering. 

[Nickelbeer]

On 1/8/2022 at 11:17 AM, The Hammer2021 said:

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.

 

 

 

Preposterous.  My bank balance has never shown any change. What I pay my landlady/agent is simply a "brown envelope" type payment that is split with Immigration. She deposits NO money in my account at any time.  This proves that IO is talking out of both sides of their mouth on this issue.

[scubascuba3]

7 minutes ago, Nickelbeer said:

Preposterous.  My bank balance has never shown any change. What I pay my landlady/agent is simply a "brown envelope" type payment that is split with Immigration. She deposits NO money in my account at any time.  This proves that IO is talking out of both sides of their mouth on this issue.

you sure it is a real agent and not a fake one? it's normal for the 800k to go in and out after the bank letter

[JimmyJ]

On 1/8/2022 at 11:48 AM, PAWNEESE said:

It is not a Thailand bank querk to make accounts not used,  dormant and unaccessable.

 

I had 2 banks in the UK declare my accounts dormant after 2 years of inactivity.  I guess they assume the account holder may have died. Must happen hugely.

 

They held savings .. the point of savings being you SAVE the money till needed not spend the money .. was my point to them.  I no longer add money as I am retired, I said.

 

I naively thought logging in to the internet accounts often was registering usage  .. and was counting as them being active.  Durrrrrr !

 

Amongst other things they were my funds for medical emergencies. I did not like them being unaccessible.

 

Halifax restored accessability after one phone call and answering security questions.   Very polite. Very helpful.

 

Santander were and still are a nightmare.  4 long distant phone calls .. plus my son going into the local branch 4 times on my behalf ... have only partially resolved the problem.  He even showed them letters they had sent to my home address about the problem .. the address the account is connected with.

 

They restored the account as active.  Eventually.

 

BUT I had lost my mobile phone a few years back.  They have my old number.  They wont change my number on their system.  The people I have spoken to are suspicious. Despite me passing the security questions.   I need that changed for the OTP system of entering a code to move funds. I wont bore tooooo much re the many phone converstions I had but my last try ended with them saying they cannot change the phone number.  IT guys had to do it.  They would phone my new number. But never heard from them. Gave up.

 

Thus I cannot use the account that has tens of thousands of pounds in. Been like that for a year.   I dont need to use it .. but now send £5 a month into my UK savings accounts from my day to day account.

 

Writing this has concentrated my mind.  I am going to write to UK Finance Authority (or whatever they are called) and copy in Santander bank recorded delivery.  Then if not resolved after a couple of months I am sure I am going to have a further phone call to them .. ask for a manager and totally lose it. 

 

Hey Ho. 

Re: Santander issue - 

Bombing their Twitter/Facebook pages works sometimes.

 

PS - I had a Santander account in the USA briefly.

I remember there were ridiculous "security" rules - made me feel unsafe dealing with them rather than safer.

Edited April 9, 2022 by JimmyJ

[KhunBENQ]

On 1/8/2022 at 10:50 AM, userabcd said:

In Europe and elsewhere, similar dormancy rules and account closures exist.

In Germany an online bank started closing accounts without any explanation/reasoning.

It's assumed that they get rid of dormant/non profitable accounts.

No public statement from the bank.

[BudRight]

The bank will charge you the yearly fee for your debit card, so ~300x2=600 baht

After one year with no activity they will charge you 50 baht per month so 50x12=600 baht.

 

So your balance should be 8800 baht.

Edited April 9, 2022 by BudRight

[Gumballl]

You can also keep your account active by using your bank issued debit card. I was able to use my Bangkok Bank card here in the US.

Edited April 9, 2022 by Gumballl

[Chivas]

I cant recall if I posted earlier ( yes I did but will leave it here now)

Just by topping up your Thai Sim using the banks online facility creates "activity"

 

Obviously in addition never let your account balance go below the cost of the annual card fee.....even in odd periods where I've no real use on the account I keep the balance above 1000 Baht

Edited April 12, 2022 by Chivas