Something new at the bank

[moogradod]

I went to my bank branch in person to pay for the rental fees as usual. My Landlord has an account at the same bank (big, reputable) but at another branch.

 

Here is what went different this time: My Thai driving license was not accepted as legitimation anymore. I was told instead that only a passport would do. New orders they told me.

 

I then learned as well that if you want to transfer money to another Thai Bank there is a limit of 100KTHB per transaction. Strange enough, this can be duplicated as much as you want - on the same day - so 10 times 100KTHB to the same receipient was deemed acceptable, but not 1 Mio in one single transaction. This limit does not apply if the sending and receiving bank is the same.

 

Money transfer by withdrawing money in cash (even larger amounts more than 1 Mio) is obviously no problem (OK, this was for a Thai citizen, maybe this is different then) and then carry the envelope across the mall just to deposit the amount in cash to anonther bank of yours. No problems, no questions. This "method" was indeed recommended by the bank employee as the "easiest way of transfer" (not even a cashier check, let alone a remittance).

 

So dont forget your passport next time you transfer money within Thailand - let alone to a forgeign country. Your Thai driving license wont do anymore (at least at my bank).

[ozfarang]

Went to my bank yesterday to get a new passbook, passport required and the only page the bank employee looked at was the data page. No inspecting my visa status as has been said on AN in other threads.

 

The transfer limit on my account via the bank app is ฿5,000,000 to any Thai bank, no transfer fees. Counter transfers attract a fee and there is a limit for each transaction, ฿100,000.

 

Just my recent banking experience

 

[DJ54]

Went yesterday passport as usual… cop made and sign. Noticed a Thai person in next teller getting cash she has to show ID card and also copy made a signed .. same same nothing different 

[Tropicalevo]

For over 20 years I have had to show passport (or photocopy that they can copy) at my branch.

DL or pink id card not accepted.

[fdsa]

52 minutes ago, moogradod said:

I then learned as well that if you want to transfer money to another Thai Bank there is a limit of 100KTHB per transaction. Strange enough, this can be duplicated as much as you want - on the same day - so 10 times 100KTHB to the same receipient was deemed acceptable, but not 1 Mio in one single transaction. This limit does not apply if the sending and receiving bank is the same.

 

Money transfer by withdrawing money in cash (even larger amounts more than 1 Mio) is obviously no problem (OK, this was for a Thai citizen, maybe this is different then) and then carry the envelope across the mall just to deposit the amount in cash to anonther bank of yours. No problems, no questions. This "method" was indeed recommended by the bank employee as the "easiest way of transfer" (not even a cashier check, let alone a remittance).

meanwhile in gayrope you'll get your account blocked and reported to IRS and FBI for depositing more than €3k in cash lol.

I love Thailand!

Edited January 6, 2023 by fdsa

[moogradod]

44 minutes ago, fdsa said:

meanwhile in gayrope you'll get your account blocked and reported to IRS and FBI for depositing more than €3k in cash lol.

I love Thailand!

No. This was about a THB-THB transaction of a Thai citizen between two of her own Thai accounts, only different banks involved. So no IRS, FBI and Euro. I was only surprized.

 

The main thing here is that a Thai DL cannot be used for identification anymore. I have done that for years without any problem.

Edited January 6, 2023 by moogradod

[Regyai]

Shoulda done it online

[Shop mak]

Still use my small laminated photocopy (ATM size) of my passport. No problem.

[Caldera]

What surprises me the most is that people still go to the bank in person to pay the rent. Surely that's a waste of time no matter which form of ID they require.

 

I haven't been to the bank since May, when I had to get a new ATM card. Passport required as per usual, passbook required as per usual, way too much time wasted as per usual. I keep these visits to an absolute minimum. 

[Jingthing]

1 hour ago, fdsa said:

meanwhile in gayrope you'll get your account blocked and reported to IRS and FBI for depositing more than €3k in cash lol.

I love Thailand!

Gayrope? Do they have a retirement visa?

[worgeordie]

With all this corruption , drug dealing here , how does all this black money get moved around,

I don't think they have to show ID, all these money laundering laws ,really only affect the

majority moving a few 1000 of whatever currency around.

 

regards worgeordie

[soi3eddie]

1 hour ago, Caldera said:

What surprises me the most is that people still go to the bank in person to pay the rent. Surely that's a waste of time no matter which form of ID they require.

 

I haven't been to the bank since May, when I had to get a new ATM card. Passport required as per usual, passbook required as per usual, way too much time wasted as per usual. I keep these visits to an absolute minimum. 

Clearly the OP has been in Thailand so long that he has taken on Thai characteristics, i.e no concept of the value of time ???? 

 

[FritsSikkink]

5 hours ago, moogradod said:

No. This was about a THB-THB transaction of a Thai citizen between two of her own Thai accounts, only different banks involved. So no IRS, FBI and Euro. I was only surprized.

 

The main thing here is that a Thai DL cannot be used for identification anymore. I have done that for years without any problem.

Ever heard of online banking, get a mobile app, no need to go to the bank all the time.

[nigelforbes]

5 hours ago, moogradod said:

No. This was about a THB-THB transaction of a Thai citizen between two of her own Thai accounts, only different banks involved. So no IRS, FBI and Euro. I was only surprized.

 

The main thing here is that a Thai DL cannot be used for identification anymore. I have done that for years without any problem.

This is the implementation of AMLO, anti-money laundering laws, it's been going on for a while but not all expats have encountered it. When I first reported this many months ago, folks here said I was nuts and that banks didn't do that.....ha!

[CharlieH]

Generally only go into the bank 1 time a year for a letter for immigration. Pink ID is all thats needed for anything.Everything done online or App.

[nigelforbes]

6 minutes ago, CharlieH said:

Generally only go into the bank 1 time a year for a letter for immigration. Pink ID is all thats needed for anything.Everything done onkine or App.

Actually, a pink card number should do the trick since that replaces the passport number on the account.

Edited January 6, 2023 by nigelforbes

[swm59nj]

Always had to show passport for transactions at the teller.  I use the ADM for depositing rental payments   I don’t bother with going to the teller. 

[nigelforbes]

1 hour ago, nigelforbes said:

Actually, a pink card number should do the trick since that replaces the passport number on the account.

 

1 hour ago, CharlieH said:

Generally only go into the bank 1 time a year for a letter for immigration. Pink ID is all thats needed for anything.Everything done onkine or App.

Sorry, what I wrote was not precise.

 

Bangkok Bank explained to me that if the account was opened using the pink card as ID, that is what is required to transact on the account. But if the passport was used to open it, the passport must be produced every time. What you cannot do any longer, or so they tell me, is open an account using a passport and then use the pink card thereafter to transact on it.

[Kalasin Jo]

23 hours ago, worgeordie said:

With all this corruption , drug dealing here , how does all this black money get moved around,

I don't think they have to show ID, all these money laundering laws ,really only affect the

majority moving a few 1000 of whatever currency around.

 

regards worgeordie

Cash is king? In very large black bags?

[TheJoker999]

I second to this, i tried to deposit 5m in cash at krungsri. Even with my bankbook and thai driving license, they told me to go back and get my passport. Happened Mid 2022

[Thailand]

Passport has always been required for any in bank transaction, Bangkok Bank, well, for 20 years anyway.