Jump to content

Recommended Posts

Brit soon to be returning to Thailand to live.

From what I've gathered you're only now covered for up to 1 million baht on deposits, is that right?

I know its pitiful but I've seen that SCB Jad tem offer 1% interest on deposits with them. 

Is there anything else that beats that currently?

TIA

 

Link to post
Share on other sites

If I'm on a non-o and then renew for thai marriage visa I will be insured and not just considered a tourist, right?

Link to post
Share on other sites

An extension of stay based on marriage you mean?  Insured by who against what?  You will be a non-immigrant whatever happens, if or not you are considered a tourist depends on who is doing the considering.

  • Thanks 1
Link to post
Share on other sites

21 minutes ago, Upnotover said:

An extension of stay based on marriage you mean?  Insured by who against what?  You will be a non-immigrant whatever happens, if or not you are considered a tourist depends on who is doing the considering.

Yes. Whoever governs the compensation scheme in the likelihood of collapse etc. Hope thats clear. Cheers.

Link to post
Share on other sites

I thought you might be interested to know the coverage for up to 1 million baht is per bank and not per account. If you are going to have a deposit account of 1 million in SCB you may want to have an account in a different bank for your day to day banking so all of your money is insured.

  • Like 1
Link to post
Share on other sites

6 minutes ago, biervoormij said:

I thought you might be interested to know the coverage for up to 1 million baht is per bank and not per account. If you are going to have a deposit account of 1 million in SCB you may want to have an account in a different bank for your day to day banking so all of your money is insured.

Thanks for your reply. Its crazy how it used to be more but they reduced it to protect the people. Makes no sense whatsoever. 

  • Like 1
Link to post
Share on other sites

I don't think there is any possibility of losing money in a Thai bank but still think it is prudent to spread the money between multiple banks. And this is true for any country now. 

  • Like 1
Link to post
Share on other sites

9 hours ago, tinot said:

Thanks for your reply. Its crazy how it used to be more but they reduced it to protect the people. Makes no sense whatsoever. 

They reduced it to protect the banks and hi-so Elite owners of the banks.

Link to post
Share on other sites

15 hours ago, tinot said:

Yes. Whoever governs the compensation scheme in the likelihood of collapse etc. Hope thats clear. Cheers.

Doesn't matter if tourist or whatever. If you have an account you are covered under the details of the scheme. 

Read up details here - (but note the limits mentioned are out of date)

https://www.dpa.or.th/en/file/download/khumux-tham-txb-phasa-xangkvs

Link to post
Share on other sites

Reported  troll comment and responses to it removed.

Link to post
Share on other sites

19 hours ago, tinot said:

Thanks for your reply. Its crazy how it used to be more but they reduced it to protect the people. Makes no sense whatsoever. 

It makes no sense if you're rich, but if your poor, you're account is insured, and your taxes are not going to insure the accounts of the rich. 

 

I thought it went up and then came back down 

Link to post
Share on other sites

Am to move to Thailand in few 2023/24, was looking condo and find few. Am keen to put money in them and was wondering, I need the paper from bank that money to used to purchase the condo need to come on my local account in Thailand from abroad before can have the title in my own name. My money is still hold on flat am living now in EU, need it until ready to move. I have a change to borrow this money from friend in Thailand, is there any way to avoid hassle to send amount to abroad and send it back to my account in Thai bank ?  

Any advice, legal ones , please.

Link to post
Share on other sites

  • 3 weeks later...

Opened a Kasikorn in the end as it seemed the easiest of all. Less hoops etc.

 

Its only to throw the £10k in for visa. Think it doesn't even pay 0.5%.

 

May look at other/better options in future if needed or macro economic landscape improves.

 

Thanks for the input anyway!

Link to post
Share on other sites

On a side note do thai banks have any issues depositing from foreign crypto exchanges, coinbase, Binance?

Link to post
Share on other sites

On 5/25/2022 at 8:12 PM, Upnotover said:

An extension of stay based on marriage you mean?  Insured by who against what?  You will be a non-immigrant whatever happens, if or not you are considered a tourist depends on who is doing the considering.

sEE TH POUND GOING DOWN TO 41.9 and a couple of days ago 42.90. Oh heck

Link to post
Share on other sites

3 hours ago, tinot said:

On a side note do thai banks have any issues depositing from foreign crypto exchanges, coinbase, Binance?

See the exchange rate 41.90 to the pound and a couple of days ago 42.90 Oh heck here we go again.

 

Link to post
Share on other sites

16 minutes ago, jwest10 said:

See the exchange rate 41.90 to the pound and a couple of days ago 42.90 Oh heck here we go again.

Currency exchange fluctuates. Facts of life.

  • Like 1
Link to post
Share on other sites

12 hours ago, Onerak said:

Currency exchange fluctuates. Facts of life.

 

12 hours ago, Onerak said:

Currency exchange fluctuates. Facts of life.

Yeah , don't we know it and currency manipulators and just saying for many of fixed and frozen income !!!

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...