Krungsri madness - a new certificate of residence, for an existing customer ?

[john donson]

I am an existing customer at Krungsri and I thought, maybe opt for that 0.9% per year savings account to put / move my 800k that is parked at kbank at 0.05%

 

so I went in with passport, current account passbook, bank card, rental agreement

 

nope... not enough

 

need a certificate of residence...

 

I asked, are you joking ? I am not a new customer, even brought my name on Krungsri paper with net credit card still attached for the occasion...

 

new rules sir ... blabla...

 

they called somewhere... answer still no...

 

yellow book sir?  driver license sir ?   well, I live in a rented house and I take taxi as I don't have car...

 

 

[proton]

Phone up HQ, or email, they can be like immigration and make rules up to save them the bother of a bit of work. Half of them cannot go beyond deposit and withdraw

[scubascuba3]

Good that a driving licence would have been ok

[mikebike]

Or just ride the wave and give them the paper. It's not a big deal 🤷‍♂️

[Lemsta69]

3 minutes ago, mikebike said:

Or just ride the wave and give them the paper. It's not a big deal 🤷‍♂️

 

Why should he have to do that if he can possibly avoid it? Not a big deal? CoR isn't easy to come by for a lot of people.

[freeworld]

4 minutes ago, mikebike said:

Or just ride the wave and give them the paper. It's not a big deal 🤷‍♂️

Exactly,  they gave alternatives.

[Georgealbert]

I recently opened a second, extra K Bank account, and they would not accept existing account as proof of ID.

 

Told me to either get residence certificate or have a second form of photo ID.

 

They accept m driving licence.

[keithsimmonds]

40 minutes ago, john donson said:

I am an existing customer at Krungsri and I thought, maybe opt for that 0.9% per year savings account to put / move my 800k that is parked at kbank at 0.05%

 

so I went in with passport, current account passbook, bank card, rental agreement

 

nope... not enough

 

need a certificate of residence...

 

I asked, are you joking ? I am not a new customer, even brought my name on Krungsri paper with net credit card still attached for the occasion...

 

new rules sir ... blabla...

 

they called somewhere... answer still no...

 

yellow book sir?  driver license sir ?   well, I live in a rented house and I take taxi as I don't have car...

 

 

Depends how easy it is for you to get about, and Banks that are near you. I would have to try and open another account somewhere else first them give them the elbow..Bangkok Bank Fixed Account (Orange Book) was paying 1.6% when i updated my book (19 Oct)  Scb ez account is paying 1.5%.....Good luck with whatever you decide.

[Chris Daley]

Yeah the blue banks are atrocious.  As soon as I opened the door a fat cop shouted ''YOU!'' and then stared at me.  He then spoke some strange ancient language that wasn't English.

 

The woman behind the counter wouldn't accept a British passport, work permit and a stack of money.  She needed ''a letter from the school'' yeah we call that a work permit dumbass.

[Mike Lister]

The sae happened to my wife and me at uob. We both have accounts but we wanted a new joint account. They wanted a resident certificate but settled for a copy of my tax return which shows my address.

 

[swerve]

I have a bank account with Krungthai bank.  To open a second account I needed to show a driver's license and a long term passport stay.  The banks have been told by the government to be more strict about new accounts (Chinese criminal interests have been using them). Having a Thai driver's license allows people to do more things easily.  

[DrJoy]

6 hours ago, Mike Lister said:

but settled for a copy of my tax return

Coz its a small bank, they want business

[DrJoy]

7 hours ago, john donson said:

kbank at 0.05%

I am getting 0.3 % 

[Liverpool Lou]

6 hours ago, Chris Daley said:

Yeah the blue banks are atrocious.  As soon as I opened the door a fat cop shouted ''YOU!'' and then stared at me.  He then spoke some strange ancient language that wasn't English.

 

The woman behind the counter wouldn't accept a British passport, work permit and a stack of money.  She needed ''a letter from the school'' yeah we call that a work permit dumbass.

Ahhh...you're a "teacher".  QED.

[Liverpool Lou]

18 minutes ago, DrJoy said:

Coz its a small bank, they want business

Oh, yeah, UOB is a tiny, insignificant bank, barely surviving without new accounts from foreigners!

[Foxx]

17 hours ago, john donson said:

I am an existing customer at Krungsri and I thought, maybe opt for that 0.9% per year savings account

 

Well, I opened five accounts with Krungsri earlier this week and wasn't asked for any ID beyond my passport.

 

Incidentally, if you're looking to park your money, why not go for a fixed deposit? 48 months fixed is paying 2.5% p.a..  If you don't want to lock your money up for that long, 14 months is 2.2% p.a..

[KhunBENQ]

17 hours ago, scubascuba3 said:

Good that a driving licence would have been ok

Or yellow book/pink card 

[it is what it is]

37 minutes ago, Foxx said:

 

Well, I opened five accounts with Krungsri earlier this week and wasn't asked for any ID beyond my passport.

 

Incidentally, if you're looking to park your money, why not go for a fixed deposit? 48 months fixed is paying 2.5% p.a..  If you don't want to lock your money up for that long, 14 months is 2.2% p.a..

 

blimey, i'm getting over 5% in the uk, no strings...

[Henryford]

17 hours ago, scubascuba3 said:

Good that a driving licence would have been ok

 

Wasn't enough for SCB to open an account even though i had the driving licence, utility bill and chanote which all confirmed my address.

[scubascuba3]

51 minutes ago, KhunBENQ said:

Or yellow book/pink card 

Yeah but life's too short to waste getting that PITA in Pattaya

[KhunBENQ]

21 minutes ago, scubascuba3 said:

Yeah but life's too short to waste getting that PITA in Pattaya

Easy as .... here.

 

[john donson]

4 hours ago, it is what it is said:

 

blimey, i'm getting over 5% in the uk, no strings...

santander?

 

in europe they give half... 2.8 if you are lucky

 

weird company... how come they can do it there and not neighbor countries?

 

banking system... you deposit 100.000 pounds / euros /dollar

 

they only have to keep 10% in reserve

 

they can just add a 0 and lend out 9-10x  your 100.000 whatever at 4-8%

 

so 1.000.000 whatever at 4-8% for them and you get a pittance of a few percent for your own money

 

that is for people that thai banks could not support to give 4-5% ... they are making 10x with your money

 

 

[billaaa777]

Every branch is different. Some cooperate and some make your life miserable. If one of them gives you a problem, just find another one. It is all up to the manager as too how that branch operates.

[BenStark]

On 12/2/2023 at 1:37 PM, john donson said:

they can just add a 0 and lend out 9-10x  your 100.000 whatever at 4-8%

 

I really wonder how they can lend out 10 times the money they get in.

 

I'm sure you can enlighten us all on that

[NanLaew]

On 12/2/2023 at 8:47 AM, it is what it is said:

 

blimey, i'm getting over 5% in the uk, no strings...

Does that cover the overseas ATM extraction fees?

[NanLaew]

57 minutes ago, BenStark said:

 

I really wonder how they can lend out 10 times the money they get in.

 

I'm sure you can enlighten us all on that

 

Fred "the Shred" Goodwin at Royal Bank of Scotland managed it easily.

[Tropicalevo]

On 12/2/2023 at 9:00 AM, Henryford said:

 

Wasn't enough for SCB to open an account even though i had the driving licence, utility bill and chanote which all confirmed my address.

Same for me last year at SCB. I showed them DL, WP, yellow book, pink id and bank book for existing account there.

No - COR please.

Opened two accounts at Krungsri instead. (I did not need anything there except passport last year.)

[brianthainess]

Do you already have a one year extension in your passport? You need that to open a Mee Tai Account first.

[WorriedNoodle]

On 12/1/2023 at 3:00 PM, john donson said:

need a certificate of residence...

It sounds like you need a a certificate of residence.

[Conno]

2 hours ago, BenStark said:

 

I really wonder how they can lend out 10 times the money they get in.

 

I'm sure you can enlighten us all on that

It's called fractional reserve banking my friend. He's 100% correct. Biggest scam on the planet and not 1 in 10,000 are aware of it.