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Just opened a Pattaya Bank Account

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I just opened a fixed term bank account in Pattaya to use for my 12 month non-imm O extension and hopefully this info will be useful.

 

Note: while I already had a Krungsri savings account I was denied to open a fixed term account on my previous two trips on visa exempt and tourist visa.

 

I went to Krungsri in Central mall and as soon as I said I had a non-imm O they said no problem, you can open any of the foreigner accounts. I thought I might need a Residence Certificate but nope, all I needed was:

 

(1) Passport (they copied ID page and non-imm O stamp)

 

(2) 2nd photo ID. I used my Australian licence which they copied

 

(3) I needed to write down my full address in Pattaya and Australia which he entered on Computer (no proof required)

 

(4) mobile phone number

 

The guy even set up the account in my banking app for me so I was very happy with the service. This account also gives me 1.8% interest on the 800k baht so at least that's something compared to my 0.1% in the savings/ATM card account.

 

This makes me think getting a non-imm O e-visa before I came was well worth it.

 

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  • Liquorice
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    knobexpat

  • I have used a fixed account for extension purposes for 10 years now. Never been queried by Immigration at Jomtien.   As mentioned there are (apparently) some accounts which are true fixed (n

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Years ago I had advice that fixed term accounts could not be used for the 800K B immigration money because the money had to be immediately available in an emergency. Having said that most fixed term accounts I've had allow you to access your money early for a small penalty. I'm hoping the immigration law has changed as it would be nice to get some interest on the 800K. 

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9 minutes ago, retarius said:

Years ago I had advice that fixed term accounts could not be used for the 800K B immigration money because the money had to be immediately available in an emergency. Having said that most fixed term accounts I've had allow you to access your money early for a small penalty. I'm hoping the immigration law has changed as it would be nice to get some interest on the 800K. 

The bank officer assured me that this account is fine for immigration and he said they issue the letter for it all the time.

 

Note: I can withdraw the money at anytime, I just lose my interest

 

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1 minute ago, Pattaya57 said:

The bank teller assured me that this account is fine for immigration and he said they issue the letter for it all the time.

 

Please post back and let us know.  

 

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1 minute ago, Pattaya57 said:

The bank teller assured me that this account is fine for immigration and he said they issue the letter for it all the time.

Well good luck to you.  Procedures change all the time here, and often they can be different at different offices. I'd like to be able to do the same thing.

  • Popular Post
22 minutes ago, retarius said:

Well good luck to you.  Procedures change all the time here, and often they can be different at different offices. I'd like to be able to do the same thing.

I have used a fixed account for extension purposes for 10 years now. Never been queried by Immigration at Jomtien.

 

As mentioned there are (apparently) some accounts which are true fixed (not withdraw-able before the due date) and these cannot be used. Most of the fixed accounts offered by most of the providers are as @Pattaya57 stated.

 

If you say which Immigration office you use I am sure someone will be able to chime in with relevant experience. 

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2 hours ago, retarius said:

The bank teller assured me that this account is fine for immigration and he said they issue the letter for it all the time.

I have used this account for immigration for years at the Jomtiem office, no problems.

I presume this is the account where you can make a withdrawal twice a month without penalties. They charge 50 Baht for every withdrawal after.

  • Author
14 minutes ago, elfpattaya said:

I have used this account for immigration for years at the Jomtiem office, no problems.

I presume this is the account where you can make a withdrawal twice a month without penalties. They charge 50 Baht for every withdrawal after.

No, its a fixed deposit account with interest paid monthly. No withdrawals unless you want to lose all your interest.

 

It's called "Special Time Deposit - 7 months". It's renewable every 7 months

4 minutes ago, Pattaya420 said:

Will they open saving acc on ED 12 months extension?

 

You can even open a bank on a tourist visa. Just depends how far and how much you want to spend.

  • Author
28 minutes ago, AreYouGerman said:

 

You can even open a bank on a tourist visa. Just depends how far and how much you want to spend.

I was hoping for an agent free thread. We all know it used to be easy to open a bank account on a visa exempt or tourist visa but not in the last 5 years or so.

 

You can still pay an agent 4500 to get a bank account opened but there might be added costs for a Residence Certificate and useless insurance required

 

I was really happy the non-imm O seemed to be all powerfull in bypassing all that crap and bank account cost 0 baht

 

2 minutes ago, Pattaya57 said:

I was hoping for an agent free thread. We all know it used to be easy to open a bank account on a visa exempt or tourist visa but not in the last 5 years or so.

 

You can still pay an agent 4500 to get a bank account opened but there might be added costs for a Residence Certificate and useless insurance required

 

I was really happy the non-imm O seemed to be all powerfull in bypassing all that crap

 

Try to open a bank account in Cyprus or Malta without an 'agent'. I love the agent routes for all kind of stuff. It helps prevent unnecessary headaches.

 

Also, I wonder, are you saying people on tourist visas shouldn't be allowed to having a bank account? It sounds a bit like you wish that only Non-O visa holders should be allowed.

No, he was saying that having a non-O made it easier for him. That was all, just his experience.

15k baht interest pa is in the insignificant category.

I keep way more than 800k in the account but don't need it for elite visa.

1.8% meh who cares. Not me.

 

10 hours ago, Pattaya57 said:

I just opened a fixed term bank account in Pattaya to use for my 12 month non-imm O extension and hopefully this info will be useful.

 

Note: while I already had a Krungsri savings account I was denied to open a fixed term account on my previous two trips on visa exempt and tourist visa.

 

I went to Krungsri in Central mall and as soon as I said I had a non-imm O they said no problem, you can open any of the foreigner accounts. I thought I might need a Residence Certificate but nope, all I needed was:

 

(1) Passport (they copied ID page and non-imm O stamp)

 

(2) 2nd photo ID. I used my Australian licence which they copied

 

(3) I needed to write down my full address in Pattaya and Australia which he entered on Computer (no proof required)

 

(4) mobile phone number

 

The guy even set up the account in my banking app for me so I was very happy with the service. This account also gives me 1.8% interest on the 800k baht so at least that's something compared to my 0.1% in the savings/ATM card account.

 

This makes me think getting a non-imm O e-visa before I came was well worth it.

 

 

wow, so much adventure!

  • Popular Post
14 hours ago, retarius said:

Years ago I had advice that fixed term accounts could not be used for the 800K B immigration money because the money had to be immediately available in an emergency. Having said that most fixed term accounts I've had allow you to access your money early for a small penalty. I'm hoping the immigration law has changed as it would be nice to get some interest on the 800K. 

I have been using a fixed deposit for my retirement extension for many many years now. I am not aware that any change was required. I can take money out of this account at any time and simply forfeit interest. I suspect you were misinformed, perhaps by an immigration official, they get it wrong often. As an aside,  domestic foreign currency deposit accounts also qualify.

  • Author
26 minutes ago, JimTripper said:

Did they know you already had a savings account with them before opening the new account? May explain why it was so easy to open a second account.

 

No, I had shown my passbook on 2 other occasions while on visa exempt and tourist visa and it didn't make any difference as was denied both times.

 

So I just told them I'd like to open an account for inmigration and showed my non-imm O. He said no problem and asked for passport and 2nd photo ID. He then explained 3 accounts I could open.

 

Note: having a savings account already obviously helped in time to set up as my data was already in computer and already had bank app

 

  • Popular Post
17 hours ago, retarius said:

Well good luck to you.  Procedures change all the time here, and often they can be different at different offices. I'd like to be able to do the same thing.

I've used the Fixed term account for Immigration purposes for the last 11 years.

It's the term of the deposit that's fixed, not the funds which are immediately accessible.
You just lose interest if you withdraw prematurely.

Perfectly acceptable to Immigration.

3 hours ago, Liquorice said:

I've used the Fixed term account for Immigration purposes for the last 11 years.

It's the term of the deposit that's fixed, not the funds which are immediately accessible.
You just lose interest if you withdraw prematurely.

Perfectly acceptable to Immigration.

Perfectly acceptable to Immigration at CM!

  • Popular Post
12 hours ago, noobexpat said:

15k baht interest pa is in the insignificant category.

I keep way more than 800k in the account but don't need it for elite visa.

1.8% meh who cares. Not me.

 

It’s “classless and crude" to boast about money and lifestyles publicly.

Just simply state you have extra wide door frames fitted at home.    🙄

  • Popular Post
2 hours ago, Liquorice said:

It’s “classless and crude" to boast about money and lifestyles publicly.

Just simply state you have extra wide door frames fitted at home.    🙄

 

We've already had the "who has the most cash?" contest among all the others. Our top self-proclaimed winners should give it a break.

  • Popular Post
15 hours ago, noobexpat said:

15k baht interest pa is in the insignificant category.

I keep way more than 800k in the account but don't need it for elite visa.

1.8% meh who cares. Not me.

 

 

knobexpat

  • Author
  • Popular Post
15 hours ago, noobexpat said:

15k baht interest pa is in the insignificant category.

I keep way more than 800k in the account but don't need it for elite visa.

1.8% meh who cares. Not me.

 

Wouldn't it take you years of interest just to get back what your dead cash was for an Elite Visa....

23 hours ago, elfpattaya said:

I have used this account for immigration for years at the Jomtiem office, no problems.

I presume this is the account where you can make a withdrawal twice a month without penalties. They charge 50 Baht for every withdrawal after.

It appears he has a different type of account that gives 1.8% not the mee tae dai that gives 0.9.% 

On 4/20/2024 at 4:13 PM, retarius said:

Well good luck to you.  Procedures change all the time here, and often they can be different at different offices. I'd like to be able to do the same thing.

I've successfully used a Bangkok Bank account in both Jomtien and Chanthaburi for my annual extensions. I can't recall how much interest it earns but it's not nothing.

On 4/20/2024 at 3:58 PM, Pattaya57 said:

The guy even set up the account in my banking app for me so I was very happy with the service. This account also gives me 1.8% interest on the 800k baht

What is the name of this account ? I only know their Mee Tae Dai account at 0.9% I can only find 1.7% on 1 yr term deposit do they take the tax at source or at the end of the year?

The benefits with Krungsri bank is they can produce a years statement in 20 mins not 3+ days like BKB.

15 minutes ago, brianthainess said:

What is the name of this account ? I only know their Mee Tae Dai account at 0.9%

 

Sounds like some kind of fund type account.

 

 

 

  • Author
7 minutes ago, brianthainess said:

What is the name of this account ? I only know their Mee Tae Dai account at 0.9%

Special Time Deposit - 7 months (renewable)

 

He offered me 3 accounts, the savings/ATM account, one that was 0.9% for 12 months and the 1.8% for 7 months

 

6 minutes ago, Pattaya57 said:

Special Time Deposit - 7 months (renewable)

 

He offered me 3 accounts, the savings/ATM account, one that was 0.9% for 12 months and the 1.8% for 7 months

 

Thanks I just found it "special time deposit account" 

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