Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Kasikorn Business Account

Featured Replies

I don't want to ask Kasikorn directly about this as I don't want to risk my account being closed.  I tried to open a separate account with Kasikorn a while back and even though I already have one account, they refused to open another without a long term visa. I'm divorced so at the moment I no longer hold a long term visa.

 

Anyway, Kasikorn recently made a few changes to their accounts and I notice that my account is now called a Business Account - previously I'm pretty sure it was a 'Savings Account'.

 

Has this happened to anyone else?

MOVED to correct Banking forum.

 

5 hours ago, MangoKorat said:

Has this happened to anyone else?

Yes, me.

I have a personal savings account, but under the headings on the app it only lists business accounts. This seems to be just the terminology being used by K Bank.

 

Mine is a personal account and is still listed as such on the banks web site.

 

 

IMG_2211.jpeg

If you’re a U.S. citizen you need to make sure you don’t have over $10,000 in the bank. You’re talking a business account. The U,S. To stop off shore banking has a FATCA law. And Thailand abides by it. The IRS will fine you heavy going over that amount. If you notify the IRS then I believe your fine. 

5 minutes ago, thrilled said:

If you’re a U.S. citizen you need to make sure you don’t have over $10,000 in the bank. You’re talking a business account. The U,S. To stop off shore banking has a FATCA law. And Thailand abides by it. The IRS will fine you heavy going over that amount. If you notify the IRS then I believe your fine. 


Think you need to check your facts. You are waaaay off. Like no idea. Period.

https://www.investopedia.com/terms/f/foreign-account-tax-compliance-act-fatca.asp#:~:text=The IRS requires Form 8938 for taxpayers living in the,time during the tax year. 
 

  • Author
19 minutes ago, thrilled said:

If you’re a U.S. citizen you need to make sure you don’t have over $10,000 in the bank. You’re talking a business account. The U,S. To stop off shore banking has a FATCA law. And Thailand abides by it. The IRS will fine you heavy going over that amount. If you notify the IRS then I believe your fine. 

I'm not a US citizen.

My KBank accounts are listed as "Business Accounts" in online banking. There is no mention of what type of accounts they are in the KBank phone app.

 

They are savings accounts. This is stated on the info page of your passbook at the bottom left: branch and savings account. This could be written in Thai if it was opened a long time ago. In my first passbook from 14 years ago, it is written in Thai. In my more recent passbook of an account opened a few years ago, it is written in English.

I just noticed that when you log into KBank banking in browser, if you click on "business accounts", it lists the accounts as Savings Accounts.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.