jayceenik Posted January 21 Share Posted January 21 I would like to open a EURO FCD in Thailand. I'm a locally married Belgian and a long-time 800k-one-year-extension resident. No WP. I have a EURO Savings account in SIN but I'd like to move it to Thailand for ease of inheritance for my Thai wife. I have two questions for AN members: # 1 Has anybody here been able to open an FCD with only a 800k-extension and no WP? # 2 In case I can do it are UOB and Bangkok Bank good for expat FCD? I live in NE Isaan and asking bank branches in Ubon is fruitless as already Krung Thai has told me "No FCD for farangs". There are two old (2017 and 2019) AN threads on this subject but there are archived and I didn't find if a WP was needed or not. Link to comment Share on other sites More sharing options...
UWEB Posted January 21 Share Posted January 21 Have a FCD with Bangkok Bank, was not problem to open it while having an Extension. But had to go to Bangkok for as my local Branch had no idea where I was talking about. 1 Link to comment Share on other sites More sharing options...
lopburi3 Posted January 21 Share Posted January 21 If you have not read this topic you may want to take a glance - any type of bank account in your name will take months to transfer to wife upon your passing due to laws here requiring probate court process. Not sure if that type of account might make it even more of an issue. Link to comment Share on other sites More sharing options...
retarius Posted January 21 Share Posted January 21 1 hour ago, UWEB said: Have a FCD with Bangkok Bank, was not problem to open it while having an Extension. But had to go to Bangkok for as my local Branch had no idea where I was talking about. Did you go to the HQ or just a branch of Bangkok bank? I need this urgently. Link to comment Share on other sites More sharing options...
UWEB Posted January 21 Share Posted January 21 7 minutes ago, retarius said: Did you go to the HQ or just a branch of Bangkok bank? I need this urgently. I went to the Headquarter, but have called them before to find out what they need for paperwork (Resident Certificate etc.) Link to comment Share on other sites More sharing options...
BenStark Posted January 21 Share Posted January 21 1 hour ago, lopburi3 said: If you have not read this topic you may want to take a glance - any type of bank account in your name will take months to transfer to wife upon your passing due to laws here requiring probate court process. Not sure if that type of account might make it even more of an issue. Only not the subject of the topic Link to comment Share on other sites More sharing options...
KannikaP Posted January 21 Share Posted January 21 1 hour ago, UWEB said: Have a FCD with Bangkok Bank, was not problem to open it while having an Extension. But had to go to Bangkok for as my local Branch had no idea where I was talking about. Did mine at Bkk Bank in Pattaya , near Immi. 5 years ago . No WP, retirement extn. And can be used for 800k purposes. But watch the exchange rate if you are on the edge of 800. Make it 900k to be on safe side. 1 Link to comment Share on other sites More sharing options...
BenStark Posted January 21 Share Posted January 21 (edited) 1 hour ago, jayceenik said: I would like to open a EURO FCD in Thailand. I'm a locally married Belgian and a long-time 800k-one-year-extension resident. No WP. I have a EURO Savings account in SIN but I'd like to move it to Thailand for ease of inheritance for my Thai wife. I have two questions for AN members: # 1 Has anybody here been able to open an FCD with only a 800k-extension and no WP? # 2 In case I can do it are UOB and Bangkok Bank good for expat FCD? I live in NE Isaan and asking bank branches in Ubon is fruitless as already Krung Thai has told me "No FCD for farangs". There are two old (2017 and 2019) AN threads on this subject but there are archived and I didn't find if a WP was needed or not. Most commercial banks offer FCD, no work permit needed. I have FCD with Kasikorn. If your money is in Singapore possibly with Citibank, I suggest ask UOB first, as I understand they took over the Citibank branches in Thailand, as in my guess that would be the easiest option to move the funds. Edit: FCD witjh Kasikorn only available in selected branches, and I guess it will be same for other banks Edited January 21 by BenStark Link to comment Share on other sites More sharing options...
brianthainess Posted January 21 Share Posted January 21 Are you aware that FCD are not covered by the govt. guarantee of up to 1m if the bank goes tits up? Its just something to bear in mind. Link to comment Share on other sites More sharing options...
KannikaP Posted January 21 Share Posted January 21 1 hour ago, jayceenik said: I live in NE Isaan and asking bank branches in Ubon is fruitless as already Krung Thai has told me "No FCD for farangs". Ask them how many Thais need/want a FC Account. Try another bank. Link to comment Share on other sites More sharing options...
lopburi3 Posted January 21 Share Posted January 21 14 minutes ago, BenStark said: Only not the subject of the topic But "ease of inheritance" was stated as the objective in OP - as most posting in link are interested in. 1 Link to comment Share on other sites More sharing options...
Isan Farang Posted January 21 Share Posted January 21 2 hours ago, jayceenik said: I would like to open a EURO FCD in Thailand. I'm a locally married Belgian and a long-time 800k-one-year-extension resident. No WP. I have a EURO Savings account in SIN but I'd like to move it to Thailand for ease of inheritance for my Thai wife. I have two questions for AN members: # 1 Has anybody here been able to open an FCD with only a 800k-extension and no WP? # 2 In case I can do it are UOB and Bangkok Bank good for expat FCD? I live in NE Isaan and asking bank branches in Ubon is fruitless as already Krung Thai has told me "No FCD for farangs". There are two old (2017 and 2019) AN threads on this subject but there are archived and I didn't find if a WP was needed or not. You are receiving incorrect info, I opened a FCD with BB in Ubon, the bank had me sign all the papers in Ubon and then it was sent to Bangkok, after complete i was given the book at the Ubon branch. Link to comment Share on other sites More sharing options...
BenStark Posted January 21 Share Posted January 21 16 minutes ago, lopburi3 said: But "ease of inheritance" was stated as the objective in OP - as most posting in link are interested in. Everyone knows that inheritances take time and require procedures, that is the same in every country in the world, but I guess it will ease the burden for a Thai national if the money is in Thailand instead of in Singapore Link to comment Share on other sites More sharing options...
ezzra Posted January 21 Share Posted January 21 Dose the Immigration accept the 800K in FCD account the same as the regular 800K in Thai baht? I'm asking again because i couldn't find a definitive and resolute yes or no in any of the discussions so far... Link to comment Share on other sites More sharing options...
UWEB Posted January 21 Share Posted January 21 7 minutes ago, ezzra said: Dose the Immigration accept the 800K in FCD account the same as the regular 800K in Thai baht? I'm asking again because i couldn't find a definitive and resolute yes or no in any of the discussions so far... Have used the FCD Account at Jomtien Immigration for retirement Extension, fully accepted. They use the Exchange Rate at the day of Application. 1 Link to comment Share on other sites More sharing options...
lopburi3 Posted January 21 Share Posted January 21 29 minutes ago, ezzra said: Dose the Immigration accept the 800K in FCD account the same as the regular 800K in Thai baht? I'm asking again because i couldn't find a definitive and resolute yes or no in any of the discussions so far... Don't believe any would accept as rate of exchange could change. The requirement is Thai Baht in a Thai bank account. Link to comment Share on other sites More sharing options...
lopburi3 Posted January 21 Share Posted January 21 21 minutes ago, UWEB said: Have used the FCD Account at Jomtien Immigration for retirement Extension, fully accepted. They use the Exchange Rate at the day of Application. Should have read your post - but really hard to believe as requirement is for the year - not for the day - when using 800k method. Is your current extension so based? And done direct with immigration? Link to comment Share on other sites More sharing options...
Bill97 Posted January 21 Share Posted January 21 23 minutes ago, lopburi3 said: Don't believe any would accept as rate of exchange could change. The requirement is Thai Baht in a Thai bank account. I have used one without any issues Link to comment Share on other sites More sharing options...
lopburi3 Posted January 21 Share Posted January 21 50 minutes ago, Bill97 said: I have used one without any issues That is suppressing (but very good to hear) with the new requirements of continual monitoring that amount does not go below the required amount at any time during the year as would be almost impossible for officer to check if amount anywhere near actual requirements. Link to comment Share on other sites More sharing options...
jayceenik Posted January 22 Author Share Posted January 22 21 hours ago, BenStark said: Most commercial banks offer FCD, no work permit needed. I have FCD with Kasikorn. If your money is in Singapore possibly with Citibank, I suggest ask UOB first, as I understand they took over the Citibank branches in Thailand, as in my guess that would be the easiest option to move the funds. Edit: FCD witjh Kasikorn only available in selected branches, and I guess it will be same for other banks Yes, my account is with CITI SIN. I read about UOB taking over CITI in Thailand. That's why I thought of UOB. Thank you. Link to comment Share on other sites More sharing options...
jayceenik Posted January 22 Author Share Posted January 22 Thanks to all the AN members who have voiced their info and opinion about my post. Have all a great week. Next time I go to Ubon I'll check with UOB and Bangkok Bank at their main offices in Ubon. Wife definitely prefers a FCD in Thailand instead of SIN. Link to comment Share on other sites More sharing options...
BenStark Posted January 22 Share Posted January 22 (edited) 19 hours ago, lopburi3 said: That is suppressing (but very good to hear) with the new requirements of continual monitoring that amount does not go below the required amount at any time during the year as would be almost impossible for officer to check if amount anywhere near actual requirements. You really don't like to be corrected, do you? Over the years there have been many posts from people who use an FCD for their extension, so maybe better give it a rest https://aseannow.com/topic/1122423-foreign-currency-deposit-account-options/?do=findComment&comment=14550861 https://aseannow.com/topic/1301303-new-rayong-immigration-requirement-for-retirement-extensions-based-on-800k-in-the-bank/?do=findComment&comment=18237699 https://aseannow.com/topic/1274961-800k-for-retirement-visa-has-to-be-transferred-from-overseas-or-can-be-hand-carried/?do=findComment&comment=17670189 Edited January 22 by BenStark 1 Link to comment Share on other sites More sharing options...
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