Requirements for opening savings account at SCB?

[PJ71]

On 10/27/2023 at 1:33 PM, Doctor Tom said:

I have two accounts with SCB.  I am on a Non Imm O visa and had no difficulty opening both.  All they needed to see was my passport and proof of address, which I provided using my Thai Driving Licence. 

How long ago was this?

[PJ71]

I will be closing my SCB account, they're a waste of time.

 

The don't even have a website anymore, only app.

[JimTripper]

It reads inconsistant depending on the branch and clerk you get.

 

Has anybody had problems getting their money out from a retirement deposit for example, like an account liquidation? For example, needing to provide further documents or tax forms?

 

If policies are being made up as I go I would be hesitant opening a large savings account at all.

Edited October 29, 2023 by JimTripper

[richard_smith237]

I have held an SCB account for decades... he's two reasons why I wouldn't bother with them now (and will make move to another bank).

 

1) No internet Banking (they shut that down this year).

2) No option for the 'face recognition' for foreigners, so we can't transfer more than 50,000 baht at a time (unless we sign a 'risk waver').

 

 

[cdemundo]

20 hours ago, skatewash said:

May not be required but if provided one benefit is that you can be exempt from mandatory 15% tax withholding and the need to file a Thai Income Tax Return to reclaim it.

 

Is this 15% on interest earned?

[DrJoy]

Documents Required

 

Identity Verification

ID card (A foreigner using a passport and work permit), or a government official card, or a State Enterprise Employee Card.

 

 

https://www.scb.co.th/en/personal-banking/deposits/savings-account/savings-account.html

 

@cdemundo

[skatewash]

1 hour ago, cdemundo said:

Is this 15% on interest earned?

Yes

[bamnutsak]

On 10/27/2023 at 5:13 PM, cdemundo said:

my (prospective) employer strongly prefers employees to use SCB and pays to SCB 5 days earlier than other banks.

 

 

A bit of a chicken/egg but you may be able to get an account at the SCB branch which your prospective employer uses. Maybe ask the prospective employer for a supporting letter. Or once you have an offer in hand you should be able to open the account.

 

 

 

[cdemundo]

5 minutes ago, bamnutsak said:

 

 

A bit of a chicken/egg but you may be able to get an account at the SCB branch which your prospective employer uses. Maybe ask the prospective employer for a supporting letter. Or once you have an offer in hand you should be able to open the account.

 

 

 

 

I do have an  offer in hand.

Maybe that is enough.

I will ask what branch they use.

I am using cash for a lot of things now that would be easier with the bank app.

 

[bamnutsak]

2 minutes ago, cdemundo said:

I will ask what branch they use.

 

Ask for a personal and/or written reference.

 

 

[Henryford]

I tried several times, i had passport, visa, driving licence even my condo chanote. They wouldn't do, said i needed a residence certificate from immigration.  But that just shows my address which is already on my DL ! Goodbye SCB.