charleskerins Posted June 18 Share Posted June 18 Do any of you have an account at BKK Bank -did you /were you able to list a beneficiary? TIA Link to comment Share on other sites More sharing options...
Popular Post brewsterbudgen Posted June 18 Popular Post Share Posted June 18 I've had one since 2005 and no, never been asked to list a beneficiary. 1 3 Link to comment Share on other sites More sharing options...
charleskerins Posted June 18 Author Share Posted June 18 1 hour ago, brewsterbudgen said: I've had one since 2005 and no, never been asked to list a beneficiary. so what happens to the money/account if you hit the road permanently? 1 Link to comment Share on other sites More sharing options...
Popular Post brewsterbudgen Posted June 18 Popular Post Share Posted June 18 1 hour ago, charleskerins said: so what happens to the money/account if you hit the road permanently? It forms part of my Estate and is distributed as per the instructions in my will. 2 2 1 5 Link to comment Share on other sites More sharing options...
Popular Post Skeptic7 Posted June 18 Popular Post Share Posted June 18 18 hours ago, charleskerins said: so what happens to the money/account if you hit the road permanently? No Bangkok Bank acct beneficiary possible that I'm aware. Opened the acct in 2000. I have a Thai Last Will with a specific inheritor for my Thailand assets, including my bank account. 1 2 Link to comment Share on other sites More sharing options...
Andycoops Posted June 19 Share Posted June 19 As long as you have the account included in your Thai will then the executor will disburse the remaining funds accordingly. I have my 3 Thai accounts included. 1 Link to comment Share on other sites More sharing options...
charleskerins Posted June 19 Author Share Posted June 19 2 hours ago, Skeptic7 said: No Bangkok Bank acct beneficiary possible that I'm aware. Opened the acct in 2000. I have a Thai Last Will with a specific inheritor for my Thailand assets, including my bank account. A Thai will is necessary? Link to comment Share on other sites More sharing options...
Popular Post orchidfan Posted June 19 Popular Post Share Posted June 19 BB advised me that my thai wife can be a co~signatory, but still keep the account in my name only for Imm purposes. So she signs in the back of the passbook, in a specific place which is invisible except when placed under a special light (infared?). So if (when) I kick the bucket, she can access the funds. Have a Thai will too leaving everything to her in any event. 2 1 2 Link to comment Share on other sites More sharing options...
dlclark97 Posted June 19 Share Posted June 19 Thai banks are not allowed to list a beneficiary. I just went through this exercise with 2 new bank accounts, I already have an account at BBL. A beneficiary can only be designated on insurance policies here in Thailand. 2 Link to comment Share on other sites More sharing options...
dlclark97 Posted June 19 Share Posted June 19 One thing that I/we have become aware or recently is that your heirs may be asked for the original passport and original bank passbook when the account was opened. Very important to maintain these where they can be easily found when/if needed. A friend of mine here died in hospital several months ago. The weird thing his wife had to provide was the death certificates for her now deceased husbands parents. This went on for so long she eventually had to make a trip to the USA to get help on this. Probably close to a year before she was able to get any funds released that were not in her name. He also had no Thai Will. Link to comment Share on other sites More sharing options...
brianthainess Posted June 19 Share Posted June 19 (edited) 23 hours ago, charleskerins said: so what happens to the money/account if you hit the road permanently? You can Email BKB and ask them. I can only tell you how Krungsri bank answered my Email question, but I was referring to my Thai wife. From memory this was the answer; Take the death cert. to your province main Amphur, where it will go to the family court for Probate (that can take up to 3 months) Take the Letter of Probate, Deceased's passport, my bank book, to them. and that was it. No will or lawyers needed, and I think the Family Court charge if any would be minimal. Hope this helps. Edited June 19 by brianthainess Link to comment Share on other sites More sharing options...
charleskerins Posted June 19 Author Share Posted June 19 1 hour ago, dlclark97 said: One thing that I/we have become aware or recently is that your heirs may be asked for the original passport and original bank passbook when the account was opened. Very important to maintain these where they can be easily found when/if needed. A friend of mine here died in hospital several months ago. The weird thing his wife had to provide was the death certificates for her now deceased husbands parents. This went on for so long she eventually had to make a trip to the USA to get help on this. Probably close to a year before she was able to get any funds released that were not in her name. He also had no Thai Will. Maybe list /add another person on the bank account to avoid that? Link to comment Share on other sites More sharing options...
charleskerins Posted June 19 Author Share Posted June 19 1 minute ago, brianthainess said: You can Email BKB and ask them. I can only tell you how Krungsri bank answered my Email question, but I was referring to my Thai wife. From memory this was the answer; Take the death cert. to your province main Amphur, where it will go to the family court for Probate (that can take up to 3 months) Take the Letter of Probate, Deceased's passport, my bank book, to them. and that was it. No will or lawyers needed, and I think the Family Court charge if any would be minimal. Hope this helps. Thanks in US you can just add someone to the account Link to comment Share on other sites More sharing options...
brianthainess Posted June 19 Share Posted June 19 1 hour ago, charleskerins said: Thanks in US you can just add someone to the account As I said, my reply was from a Thai bank, and I think I got a similar reply from a UK bank, aka my daughter there produces my death cert. when I asked my Australian bank all they said was "See a Lawyer" not much help if I'm here, along with my wife, that would be a Nightmare for her, especially as she can't read English or speak it very well, so I'm going to move all my money here, the OZ bank can go Fork itself. 1 Link to comment Share on other sites More sharing options...
charleskerins Posted June 19 Author Share Posted June 19 Yes i just remembered in US they immediately freeze the bank account if one of the owners dies nightmare Link to comment Share on other sites More sharing options...
captpkapoor Posted June 20 Share Posted June 20 I do, and have added my wife as a "proxy" to operate all of my accounts, and she has done so vice versa. Very simple. 1 Link to comment Share on other sites More sharing options...
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