Bank account status after work permit cancelled

[jomtien99]

My work permit and visa will be cancelled this week. I intend to do a visa run and come back on a tourist visa, and may apply for a retirement visa. I have several bank accounts in Thailand  opened many years ago. Do I need to advise my banks on my visa status an would they still be legal if I stayed on a tourist visa and/or a retirement visa ( I assume answer to the latter is yes.

[Crossy]

No issues.

Keep schtum, why invite potential problems?

 

If you already have the financials in place, you may be able to swap to a retirement extension without leaving the country.

[Yellowtail]

11 minutes ago, Crossy said:

No issues.

Keep schtum, why invite potential problems?

 

If you already have the financials in place, you may be able to swap to a retirement extension without leaving the country.

Schtum?

 

I agree. When I retired it was no issue with my personal accounts. 

[Crossy]

8 minutes ago, Yellowtail said:

Schtum

 

Maybe different spelloing.

Using the "c" seems to be very British.

 

[Yellowtail]

1 minute ago, Crossy said:

 

Maybe different spelloing

 

So like "mum" then. Always something new here...

[richard_smith237]

If I'm not mistaken anyone can have a bank account here regardless of Immigration / working status... 

 

Long term tourists (who were able to open one), retuires, nomads, etc etc...  you get the point. 

 

Thailand is not like 'some' other countries such as those in the Middle East whereby as soon as your residency visa ends so does everything else. 

[Crossy]

Yeah ^^^, the banks all have requirements to open an account not to retain one.

[CartagenaWarlock]

Just now, Crossy said:

Yeah ^^^, the banks all have requirements to open an account not to retain one.

I think they have, e.g., low balances and inactive accounts. 

[Crossy]

4 minutes ago, CartagenaWarlock said:

I think they have, e.g., low balances and inactive accounts. 

 

Indeed, but our OP was specifically referencing immigration/visa status.

 

Why complicate matters with irrelevancies?

[DrJack54]

I'm not so sure on this one.

I vaguely recall years ago...I renewed my passport.

Subsequently attended bank to get some green.

No good. The bank insisted they update their records (passport details. Guess pp # was main one) 

Then did the transition.

 

OP, don't think you will have any issue but suggest talk with bank directly 

[Yellowtail]

26 minutes ago, DrJack54 said:

I'm not so sure on this one.

I vaguely recall years ago...I renewed my passport.

Subsequently attended bank to get some green.

No good. The bank insisted they update their records (passport details. Guess pp # was main one) 

Then did the transition.

 

OP, don't think you will have any issue but suggest talk with bank directly 

I think the passport is a much different issue, in that is identification. And (at least in the US) it is not just renewed, a new passport with a new number is issued. 

 

When I retired I had personal accounts with Kasikorn, Bangkok and Krunsri and have not had any issues with any of them, and I have since open new accounts at Kasikorn and Krunsri without a work permit. 

[edwardflory]

Get your retirement visa 1st - can be done in 1 day DEPENDING on your LOCAL IO policy, THEN advise your bank(s) of change of status.

 

You MUST have a bank account for a retirement visa and the yearly extensions of stay.

 

I had to advise my bank of a NEW passport ( 10 years here same bank ) a teller caught that my passport numbers on my account and physical passport did not match. - just paperwork for me as i was known at the bank making basically the same deposit every month.

 

It all goes to money laundering possibilities that conserns the bank

[CecilM]

15 hours ago, Crossy said:

 

Maybe different spelloing.

Using the "c" seems to be very British.

 

Yup, German 'stumm' but for sure not silent. It's a strong 'sh' sound followed by 't'. 

[Chris BKK]

My work permit was cancelled about 5 years back as retired. No need to tell the banks anything. Even when obtained a renewal of passport with new number I advised the banks of new passport number. No questions were asked about visa status, so recommend keep silent. I have bank accounts with BBL and KBank

[FritsSikkink]

15 hours ago, DrJack54 said:

I'm not so sure on this one.

I vaguely recall years ago...I renewed my passport.

Subsequently attended bank to get some green.

No good. The bank insisted they update their records (passport details. Guess pp # was main one) 

Then did the transition.

 

OP, don't think you will have any issue but suggest talk with bank directly 

They only update the passport details, nothing to do with work permit.

No need to talk to the bank at all.

[jomtien99]

Many thanks for all the replies

[bigt3116]

On 1/23/2024 at 6:40 PM, DrJack54 said:

I'm not so sure on this one.

I vaguely recall years ago...I renewed my passport.

Subsequently attended bank to get some green.

No good. The bank insisted they update their records (passport details. Guess pp # was main one) 

Then did the transition.

 

OP, don't think you will have any issue but suggest talk with bank directly 

 

Totally different, so irrelevant

 

Also, in the many years you have been on this page, have you EVER or EVER seen anyone being given the advice of advising their bank as to a change in visa/extension status?

[DonniePeverley]

On 1/23/2024 at 10:45 AM, richard_smith237 said:

If I'm not mistaken anyone can have a bank account here regardless of Immigration / working status... 

 

Long term tourists (who were able to open one), retuires, nomads, etc etc...  you get the point. 

 

Thailand is not like 'some' other countries such as those in the Middle East whereby as soon as your residency visa ends so does everything else. 

 

Oh dear .... where do we start?

[DrJack54]

1 hour ago, bigt3116 said:

have you EVER or EVER seen anyone being given the advice of advising their bank as to a change in visa/extension status?

My post was completely incorrect.

Of course visa/extension status has nothing to do with bank.

Somehow I read it that OP obtaining new pp.

Even that would only require updating pp # on the account.

[Yellowtail]

And (at least with me at my banks) a new signature card to go with the new passport.