Popular Post EVENKEEL Posted Tuesday at 04:32 AM Popular Post Share Posted Tuesday at 04:32 AM 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. 3 Link to comment Share on other sites More sharing options...
Popular Post gargamon Posted Tuesday at 04:42 AM Popular Post Share Posted Tuesday at 04:42 AM 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. 1 1 4 Link to comment Share on other sites More sharing options...
ukrules Posted Tuesday at 06:36 AM Share Posted Tuesday at 06:36 AM You're never going to have another bank account again - there's special rules in place for Americans. 2 Link to comment Share on other sites More sharing options...
ChaiyaTH Posted Tuesday at 07:08 AM Share Posted Tuesday at 07:08 AM That's normal almost anywhere, even if you would freelance online, to get paid out, you need to submit that if your american. Link to comment Share on other sites More sharing options...
Popular Post ianguygil Posted Tuesday at 07:51 AM Popular Post Share Posted Tuesday at 07:51 AM 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. 1 2 2 Link to comment Share on other sites More sharing options...
Captain Monday Posted Tuesday at 08:20 AM Share Posted Tuesday at 08:20 AM (edited) 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. Edited Tuesday at 08:21 AM by Captain Monday 1 1 Link to comment Share on other sites More sharing options...
bamnutsak Posted Tuesday at 09:01 AM Share Posted Tuesday at 09:01 AM 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. Link to comment Share on other sites More sharing options...
Captain Monday Posted Tuesday at 09:18 AM Share Posted Tuesday at 09:18 AM 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. Link to comment Share on other sites More sharing options...
EVENKEEL Posted Tuesday at 12:31 PM Author Share Posted Tuesday at 12:31 PM (edited) 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 Edited Tuesday at 12:36 PM by EVENKEEL Link to comment Share on other sites More sharing options...
EVENKEEL Posted Tuesday at 12:40 PM Author Share Posted Tuesday at 12:40 PM 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. Link to comment Share on other sites More sharing options...
novacova Posted Tuesday at 12:45 PM Share Posted Tuesday at 12:45 PM 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. 1 Link to comment Share on other sites More sharing options...
EVENKEEL Posted Tuesday at 12:47 PM Author Share Posted Tuesday at 12:47 PM 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. Link to comment Share on other sites More sharing options...
Gottfrid Posted Tuesday at 12:47 PM Share Posted Tuesday at 12:47 PM 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 😉 Link to comment Share on other sites More sharing options...
novacova Posted Tuesday at 12:52 PM Share Posted Tuesday at 12:52 PM (edited) 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. Edited Tuesday at 12:53 PM by novacova 2 Link to comment Share on other sites More sharing options...
DrJoy Posted Tuesday at 01:08 PM Share Posted Tuesday at 01:08 PM 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 ? Link to comment Share on other sites More sharing options...
phetphet Posted Tuesday at 01:20 PM Share Posted Tuesday at 01:20 PM 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. 1 Link to comment Share on other sites More sharing options...
novacova Posted Tuesday at 01:28 PM Share Posted Tuesday at 01:28 PM (edited) 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. Edited Tuesday at 01:31 PM by novacova Link to comment Share on other sites More sharing options...
khlongtoey Posted Wednesday at 03:12 AM Share Posted Wednesday at 03:12 AM 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 Link to comment Share on other sites More sharing options...
connda Posted Wednesday at 03:39 AM Share Posted Wednesday at 03:39 AM 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. 1 Link to comment Share on other sites More sharing options...
connda Posted Wednesday at 03:41 AM Share Posted Wednesday at 03:41 AM 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. 1 Link to comment Share on other sites More sharing options...
connda Posted Wednesday at 03:43 AM Share Posted Wednesday at 03:43 AM 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. 1 Link to comment Share on other sites More sharing options...
connda Posted Wednesday at 03:55 AM Share Posted Wednesday at 03:55 AM 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. 1 Link to comment Share on other sites More sharing options...
EVENKEEL Posted Wednesday at 07:38 AM Author Share Posted Wednesday at 07:38 AM 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 Link to comment Share on other sites More sharing options...
Captain Monday Posted Wednesday at 07:45 AM Share Posted Wednesday at 07:45 AM 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? Link to comment Share on other sites More sharing options...
HampiK Posted 3 hours ago Share Posted 3 hours ago 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. Link to comment Share on other sites More sharing options...
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