Want USD account ? Buy assurance

[dr mozzi]

Apology for my English.

Bank say I can open USD account on tourist visa, if I buy a life assurance.

This assurance really look like a fixed deposit to me.

1) Someone have done the same ?

2) Someone have ended the assurance successfully ?

3) Generally, what do you think of Thai assurances ?

[Tom H]

Open Wise account. You have all currencies there. Also interest for USD. Done.

[dr mozzi]

I have it already.

Please stay focused on the assurance matter.

[gamb00ler]

19 minutes ago, dr mozzi said:

I have it already.

Please stay focused on the assurance matter.

Most AN posters view the assurance as merely a bribe to get the bank staff to open an account for them.

 

It seems the bank staff are well aware and take advantage of the difficulties those on a tourist visa face when trying to get a bank account.

[Lemsta69]

1) yes to open a BBL transaction account whilst on visa exempt

 

2) cover is only for one year and was for a miniscule amount, ฿30k

 

3) scam/worthless

 

Edited March 17, 2023 by Lemsta69

[Tom H]

Scam

[nigelforbes]

Tell the bank you don't want a Resident bank account, you want a Non-Resident account, that way they will not be able to sell you insurance. Most people are unaware non-resident accounts exist and the banks don't like to advertise that they do. Ask them.

[dr mozzi]

Many thanks at everyone.

 

Lemsta69:

1) ok, I understand the procedure is legit.

2) yours was 1 year, mine is 12 years, 3 to 5%/year, they call it saving insurance.

Probably it is not the same.

3) I understand it is not the best investment, but at the end you get your money back + interest. Alternatively, with a school visa I will lose all.

 

Nigesforbes:

They simply do not let me open it.

They want you go to agent, or insurance, so in short you have to pay.