A Thai woman attempting to withdraw 10,000 baht for her father, as part of the Thai government’s digital wallet handout for vulnerable groups and people with disabilities, received only 4,000 baht, sparking suspicions of debt deductions by the bank.

 

In Uthai Thani province, the government commenced disbursing 10,000 baht to vulnerable groups and those with disabilities. From early morning, recipients flocked to various ATMs across the province, particularly those linked with PromptPay accounts.

 

At the Bank for Agriculture and Agricultural Cooperatives (BAAC) ATM in Thap Than district, people started gathering as early as 5am, equipped with passbooks and ATM cards to check their balances.

 

The crowd had grown significantly by 7am, with many eagerly checking their accounts, updating their passbooks, and withdrawing money. Some withdrew portions of the sum for immediate expenses, while others took out the entire amount for family needs. However, one woman faced an unexpected issue when she found she could only withdraw 4,000 baht instead of the full 10,000 baht intended for her father.

 

 

 

 

The woman speculated that the BAAC might have deducted the remaining amount to cover an existing debt her father owed on behalf of her brother. Frustrated by the shortfall, she planned to seek clarification from the bank, reported KhaoSod.

 

“I expected to withdraw the full amount that the government provided, but I only received 4,000 baht. I’m concerned that the bank may have deducted the rest for my brother’s debt.”

 

More news updates on the story as we get it.

 

By Puntid Tantivangphaisal

Photo courtesy of KhaoSod

 

Source: The Thaiger

-- 2024-09-26

 

The way things happen here I am not surprised ,handing cash out, there

has to be corruption somewhere , 

 

regards Worgeordie

The money has run out and I don't mean the ATM machine. How desperate can you be to queue at 5am ?

If the Father was 6000 in debt, and 10000 goes into the account, quite right that the bank takes it's own money first.

14 minutes ago, KannikaP said:

If the Father was 6000 in debt, and 10000 goes into the account, quite right that the bank takes it's own money first.

Yes, but it wasn't her father's debt. It was debt of his son, her brother. So they should not have deducted from the father unless he was guarantor for her brother, which from his financial situation he was probably not.

1 minute ago, tomazbodner said:

Yes, but it wasn't her father's debt. It was debt of his son, her brother. So they should not have deducted from the father unless he was guarantor for her brother, which from his financial situation he was probably not.

to cover an existing debt her father owed on behalf of her brother. 

17 minutes ago, tomazbodner said:

Yes, but it wasn't her father's debt. It was debt of his son, her brother. So they should not have deducted from the father unless he was guarantor for her brother, which from his financial situation he was probably not.

There's most likely more to the story that's not being told. Happens quite often here and only the part of the story they want to tell comes out but the other part stays hidden

39 minutes ago, KannikaP said:

If the Father was 6000 in debt, and 10000 goes into the account, quite right that the bank takes it's own money first.

 

yea, isn't that a good thing? removing a potentially costly debt?

53 minutes ago, brianthainess said:

The money has run out and I don't mean the ATM machine. How desperate can you be to queue at 5am ?

 

it may surprise you to learn that some, indeed many, people, not only in thailand but in western countries too live in poverty, even extreme poverty, situations. life for these people can be very tough, so to answer your question, very desperate.

55 minutes ago, worgeordie said:

The way things happen here I am not surprised ,handing cash out, there

has to be corruption somewhere , 

 

regards Worgeordie

What corruption? I see no mention of corruption in the news article.

1 hour ago, snoop1130 said:

The woman speculated that the BAAC might have deducted the remaining amount to cover an existing debt her father owed on behalf of her brother. Frustrated by the shortfall, she planned to seek clarification from the bank, reported KhaoSod.

Doesn't seek clarification from her dead beat brother though.

1 hour ago, snoop1130 said:

“I expected to withdraw the full amount that the government provided, but I only received 4,000 baht. I’m concerned that the bank may have deducted the rest for my brother’s debt.”

I, I, I, bless the father got <deleted> by the son, now the daughter.

Why are they surpised?  If you have a debt at the bank of course they will first take care of the shortcoming and if something is left you will get the remaining part. that is how it works.  Instead of being happy she now has less debt complaining about the missing 6000 baht?  Bizar and weird.

 

A troll post has been removed

1 hour ago, brianthainess said:

The money has run out and I don't mean the ATM machine. How desperate can you be to queue at 5am ?

 

Not desperate.........stupid, and infected with gimmenows disease.  The money ain't gonna run out, the ATM's will be refilled.  If you don't get it today, tomorrow will do just as well.

 

Reminds me of the western drivers during the gas crunch the day before prices went up.  The folks that lined up for hours, burning gallons of gas, waiting in line with motor running and AC blowing, all to save 10 cents a gallon for their 15-gallon tank.

3 hours ago, snoop1130 said:

“I expected to withdraw the full amount that the government provided, but I only received 4,000 baht. I’m concerned that the bank may have deducted the rest for my brother’s debt.”

 

Would this explain the shift from digital wallet to cash deposit? It allows the banks to come in and take the money promised to the indigent? 

3 hours ago, brianthainess said:

The money has run out and I don't mean the ATM machine. How desperate can you be to queue at 5am ?

Unfortunately, some people are not so lucky as the rest of us.

3 hours ago, tomazbodner said:

it wasn't her father's debt.

Apparently, it was, if the OP is to believed and that is all there is to go on,,,

"BAAC might have deducted the remaining amount to cover an existing debt her father owed..."

If it was a debt on the father's account that the B10k was credited to, eg. a loan account, perhaps, it is irrelevant to whom the debt "was on behalf of".

2 hours ago, ThailandGuy said:

Why are they surpised?  If you have a debt at the bank of course they will first take care of the shortcoming and if something is left you will get the remaining part. that is how it works.  Instead of being happy she now has less debt complaining about the missing 6000 baht?  Bizar and weird.

 

I don't remember this program being promised as something to inject public stimulus money into the hands of banks

5 hours ago, snoop1130 said:

The woman speculated that the BAAC might have deducted the remaining amount to cover an existing debt her father owed on behalf of her brother. Frustrated by the shortfall, she planned to seek clarification from the bank, reported KhaoSod.

 

“I expected to withdraw the full amount that the government provided, but I only received 4,000 baht. I’m concerned that the bank may have deducted the rest for my brother’s debt.”

 

More news updates on the story as we get it.

First, we don´t need more updates! Of course the bank will deduct the amount for any overdue debt when money comes in to the account. She is concerned??? Really? Guess she missed a couple of years in school!

Banks in Thailand have a quirk that Westerners are not used to, for example my gf owes money to a government agriculture bank, which clearly sees her entire family as the unit they deal with, not just her alone. For the security on the loan she took out, the bank did not want the land she was borrowing to buy, but rather her parents larger parcel, but it was not them borrowing the money.

2 hours ago, John Drake said:

 

Would this explain the shift from digital wallet to cash deposit? It allows the banks to come in and take the money promised to the indigent? 

 

No.

All of you are wrong. 

 

Full stop. 

 

This 10,000 baht scheme is paid out in credits, not Baht. You get 10,000b in credit which you can only spend in certain places. 

 

NO ONE gets cash they can withdraw.  She took out 4000b of her own money. 

 

All transactions are done through the app, which is a backdoor for Thailand to become a cashless society. 

 

Thank the WEF and the muckety mucks who have attached themselves to the entrails of Klaus Schwab.

13 hours ago, snoop1130 said:

“I expected to withdraw the full amount that the government provided, but I only received 4,000 baht. I’m concerned that the bank may have deducted the rest for my brother’s debt.”

Seems fair.

If the account is overdrawn, no matter what name it's in, then the overdraft will be fully recovered with fees, by any new deposits and before any new withdrawals are allowed....this is pretty much global Banking 101....nothing new here.

9 hours ago, Liverpool Lou said:

13 hours ago, brianthainess said:

The money has run out and I don't mean the ATM machine. How desperate can you be to queue at 5am ?

Unfortunately, some people are not so lucky as the rest of us.

 

 

a few yes...even if off a little bit the numbers are staggering.

 

 

7 hours ago, Gobbler said:

This 10,000 baht scheme is paid out in credits, not Baht. You get 10,000b in credit which you can only spend in certain places. 

I had been led to believe that it was now paid in cash into the recipient's bank account. Correct me if I am wrong. Originally it was said that it could only be spent in specific shops within 5 km of the recipients home. That would have left ONE place for my Mrs to buy things. Problem was solved by the fact that she will no longer get any money, she is not sick enough!

I'm looking forward to seeing the economy boom (not explode) with this injection of ready cash.

Better than a kick in the butt

10 hours ago, Gobbler said:

This 10,000 baht scheme is paid out in credits, not Baht. You get 10,000b in credit which you can only spend in certain places.

"In Uthai Thani province, the government commenced disbursing 10,000 baht to vulnerable groups and those with disabilities." Where do you get credit from an ATM?