Bangkok Bank account - they want me to have a TIN

[EVENKEEL]

So, today I went to go open a second bank account so I can do online transfer and have an ATM. I walked away when they brought out the paperwork for a Tax Id Number. They want my US SSN, I don't think so. Anyone recently open a new account.

[gargamon]

6 minutes ago, EVENKEEL said:

So, today I went to go open a second bank account so I can do online transfer and have an ATM. I walked away when they brought out the paperwork for a Tax Id Number. They want my US SSN, I don't think so. Anyone recently open a new account.

If you're American, you can't open an account anywhere without much more paperwork than before, including your SSN. All banks with American customer's accounts must report your banking to the US. Your existing account must be very old as this change happened years ago.

[ukrules]

You're never going to have another bank account again - there's special rules in place for Americans.

[ChaiyaTH]

That's normal almost anywhere, even if you would freelance online, to get paid out, you need to submit that if your american.

[ianguygil]

if a bank does not comply with FATCA there are all kinds of penalties, including up to 30% deducted from any transfer from the USA into that Bank (deducted by the IRS).

 

We are a reputable and a responsible bank. We do what is required of us in terms of all regulations including those to prevent tax evasion, money laundering and anti-terrorist financing. We do not apologize for that. I have US citizenship and yes I have to give my Passport and SSN. 

[Captain Monday]

3 hours ago, gargamon said:

If you're American, you can't open an account anywhere without much more paperwork than before, including your SSN. All banks with American customer's accounts must report your banking to the US. Your existing account must be very old as this change happened years ago.

Writing ones 9 digit SSN on one paper at Bangkok Bank then signing it is not any reasonable description of "much more paperwork". 

 

It has ben required for some years. Also FATCA is a 5 minute task. 

 

 

[bamnutsak]

4 hours ago, gargamon said:

when they brought out the paperwork for a Tax Id Number.

 

This is for a Thai TIN? (And not a U.S. TIN.)

 

What was this paperwork?

 

Does Bangkok Bank obtain a TIN for customers with the Thai Revenue Department?

 

33 minutes ago, Captain Monday said:

It has ben required for some years.

 

You mean an SSN?

 

If so, why haven't they asked for it for existing accounts?

 

I infer from the OP that this was a requirement to open a second/new account.

 

I have no issue providing my SSN, but I do not have a Thai TIN so I'd have to get one of those.

 

 

[Captain Monday]

13 minutes ago, bamnutsak said:

 

This is for a Thai TIN? (And not a U.S. TIN.)

 

What was this paperwork?

 

Does Bangkok Bank obtain a TIN for customers with the Thai Revenue Department?

 

 

You mean an SSN?

 

If so, why haven't they asked for it for existing accounts?

 

I infer from the OP that this was a requirement to open a second/new account.

 

I have no issue providing my SSN, but I do not have a Thai TIN so I'd have to get one of those.

 

 

Yes. SSN It may be your branch. I was asked to provide a SSN some years ago(5-6?) although I have had my main saving account at least 17 billion years. I also have a Thai TIN  but my bank does not ask for it

 

I have business to take care of this week in the branch if they ask for Thai TIN I will update.

[EVENKEEL]

3 hours ago, bamnutsak said:

 

This is for a Thai TIN? (And not a U.S. TIN.)

 

What was this paperwork?

 

Does Bangkok Bank obtain a TIN for customers with the Thai Revenue Department?

 

 

You mean an SSN?

 

If so, why haven't they asked for it for existing accounts?

 

I infer from the OP that this was a requirement to open a second/new account.

 

I have no issue providing my SSN, but I do not have a Thai TIN so I'd have to get one of those.

 

 

Me, I don't want a Thai TIN. I can't recall what I did 10 yrs ago for my account. But because I deposit my pension monthly they stopped my online transfer capability and ATM card. Guess I'll do cash all the way.

 

Does the US issue a US TIN, I don't think so...only your SSN. Looking back on today I think it was for a Thai TIN

[EVENKEEL]

7 hours ago, gargamon said:

If you're American, you can't open an account anywhere without much more paperwork than before, including your SSN. All banks with American customer's accounts must report your banking to the US. Your existing account must be very old as this change happened years ago.

The 3 page paperwork said TIN, that's when I stopped the transaction. In the US your SSN is your tax number so this must have been for Thai authorities as well.

[novacova]

11 minutes ago, EVENKEEL said:

Does the US issue a US TIN

Yes, a TIN is issued when you register a business in the US. I have a couple of TIN’s. Whenever a TIN is required, just use the SSN.

[EVENKEEL]

1 minute ago, novacova said:

Yes, a TIN is issued when you register a business in the US. I have a couple of TIN’s. Whenever a TIN is required, just use the SSN.

When you register a business, called a business license. Not just for opening a bank account.

[Gottfrid]

3 hours ago, bamnutsak said:

 

This is for a Thai TIN? (And not a U.S. TIN.)

 

What was this paperwork?

 

Does Bangkok Bank obtain a TIN for customers with the Thai Revenue Department?

 

 

You mean an SSN?

 

If so, why haven't they asked for it for existing accounts?

 

I infer from the OP that this was a requirement to open a second/new account.

 

I have no issue providing my SSN, but I do not have a Thai TIN so I'd have to get one of those.

 

 

Yes, he mean SSN for American customers want to open an account. Now they apparently also asks for Thai TIN, as most that have a need for a Thai bank account will stay over 180 days per year in Thailand. If you don´t, they will still ask for a TIN.

However, the paperwork for Americans open accounts are much bigger than for many other nationalities, including SSN for many years already. Thank your government 😉 

 

[novacova]

5 minutes ago, EVENKEEL said:

When you register a business, called a business license. Not just for opening a bank account.

I had two completely separate business in the US. Each business has a TIN used for filing taxes under the businesses. I employed myself under the LLC and scorp and filed personal income taxes under my SSN. They are asking for your TIN or SSN, same thing. Just give them your SSN.

[DrJoy]

22 minutes ago, novacova said:

Yes, a TIN is issued when you register a business in the US. I have a couple of TIN’s. Whenever a TIN is required, just use the SSN.

You mean ITIN ?

[phetphet]

I had to go in to my bank last week to prove identity to do bank transfers. while sitting there, I noticed on the screen the teller pulled up,

several fields for US Bank Account No., Foreign Bank Account No.1 ,   Foreign Bank Account No.2, and Tax ID No.

 

So it looks like the government are getting ready to grab as much info on us as they can. Maybe at the instigation of the Tax Dept.

[novacova]

22 minutes ago, DrJoy said:

You mean ITIN ?

No, to be more specific, EIN. Though the banks and accountants always say TIN for whatever reason, at least in the reign I was in. 

[khlongtoey]

so, if one transfers 800k THB into Thailand, then allows it to sit for their Non-O / Extensions.

 

will one typically need or want to file a Thai Tax return? 

or if one has a Fixed Deposit account with the 800k in it, does anyone actually file Thai Tax returns for recovering the withholding BBL does?

 

Does one ever claim the Thai income , on their US 1040 tax forms?  I know in the US  even if one receives no 1099-INT, cause it's < $10, one is still supposed to add up and report the <$10 Interest...

 

 

(lets say they *are or may spend > 180 days in country going forward)

 

 

 

btw,  I guess this begs the question how does a Farang get a TIN ?  maybe this is where one hires "an agent" to sort both out

[connda]

23 hours ago, EVENKEEL said:

So, today I went to go open a second bank account so I can do online transfer and have an ATM. I walked away when they brought out the paperwork for a Tax Id Number. They want my US SSN, I don't think so. Anyone recently open a new account.

It's been that way for a number of years.  It's the United States Foreign Account Tax Compliance Act (FATCA) which every country in the world was told to accept (or face sanctions).  It's not BKK Bank.  You'll find the same at any other bank you attempt to open an account at.  That's the "benefit" of holding a US Passport my friend. 

[connda]

14 hours ago, novacova said:

Yes, a TIN is issued when you register a business in the US. I have a couple of TIN’s. Whenever a TIN is required, just use the SSN.

Yep.  You really over-reacted OP.  This is just the way of it now. 

[connda]

14 hours ago, DrJoy said:

You mean ITIN ?

No - my wife has an ITIN which is the equivalent of a SSN but for non-US citizens.  I need her ITIN when filing US taxes. 

[connda]

15 hours ago, Gottfrid said:

Yes, he mean SSN for American customers want to open an account. Now they apparently also asks for Thai TIN, as most that have a need for a Thai bank account will stay over 180 days per year in Thailand. If you don´t, they will still ask for a TIN.

However, the paperwork for Americans open accounts are much bigger than for many other nationalities, including SSN for many years already. Thank your government 😉 

 

Which is why some Thai banks won't open accounts for US citizens.

[EVENKEEL]

3 hours ago, connda said:

Yep.  You really over-reacted OP.  This is just the way of it now. 

Possible. But all this bs about taxes has me being cautious. Guess I'll be a super cash guy for awhile 

[Captain Monday]

3 hours ago, connda said:

Which is why some Thai banks won't open accounts for US citizens.

Some banks,  eh?
What banks are those? 

[HampiK]

I have opened yesterday another new saving account at Kasikorn. And they also wanted to see the TAX ID.

 

It seems without tax ID it will become more and more difficult to obtain a new bank account.

I was lucky, that I had an old picture of the paperwork of my Thai Tax ID. After this it was then OK.

 

Documents:
- Yellow Book (Pink ID)
- TaxID

 

This 2 (3 if you count the pink ID) they are interested to open a saving account (I already have accounts at this branch). So I'm not sure what documents are required if you are a new customer.

[Captain Monday]

On 7/2/2024 at 7:47 PM, Gottfrid said:

Yes, he mean SSN for American customers want to open an account. Now they apparently also asks for Thai TIN, as most that have a need for a Thai bank account will stay over 180 days per year in Thailand. If you don´t, they will still ask for a TIN.

However, the paperwork for Americans open accounts are much bigger than for many other nationalities, including SSN for many years already. Thank your government 😉 

 

What "much bigger"  paperwork is that other than writing 9 digits and another signature ?

 

Just rubbish from the barstool in my xperience.

 

[hereforgood]

The rules change here so often and then when they do change some people enforce them some don't some offices follow them some don't. If everybody read out of the same book it would be wonderful but such is not the case. Years ago when it was required to give your information to the banks here the US customers anyway I had to go deal with an account in K Bank. Figuring I was doing the right thing I told them I had not filled out the proper forms for a US account holder because I had the account before those forms were required. 

The lady I was dealing with called over someone who introduced himself as a manager I explain the situation to him that I just wanted to give them the information that I was told they need he just told me don't worry about it your account is old no problem. 

 

Bangkok Bank on the other hand insisted on all the forms being filled out which was fine if you've got to do it you've got to do it including my social security number.