K bank E-mail with Tax Forms attached ?

[oldcpu]

Just now, Hamus Yaigh said:

Sorry if this has been touched on before but 23 pages of chat is beyond me.

I received the K_Bank email and forms addressed to me a A VALUABLE CUSTOMER and not even mentioning my name or account numbers. The forms only ask for my name and no bank account numbers. How do they handle this with all the confusion over foreign names middle names and family names. How do they tie it down to you and your accounts, or don't they?

 If it were me, with such an email - I would NOT reply by email.

 

Call me paranoid , but I am leery of scammers.

 

If it were me, I would print out the email, and go to the local branch of the bank where I opened my account, and in person ask them to explain.

.

[CharlieH]

10 minutes ago, Hamus Yaigh said:

Sorry if this has been touched on before but 23 pages of chat is beyond me.

I received the K_Bank email and forms addressed to me a A VALUABLE CUSTOMER and not even mentioning my name or account numbers. The forms only ask for my name and no bank account numbers. How do they handle this with all the confusion over foreign names middle names and family names. How do they tie it down to you and your accounts, or don't they?

Probably by your email address, you respond from the email address to which it was sent and that would tie it all together. 

[Regyai]

A point I've not yet seen mentioned.

 

I have two Kasikorn accounts, basically dormant with a couple of thousand GBP in deposits.

Having not browsed them online in years this latest palava piqued my interest and I logged in to a new and unfamiliar website.
I was surprised to be steered to this 'K Biz' hype and to find both accounts being declared as BUSINESS ACCOUNTS. These are not and never were anything but personal accounts.

 

The call centre tells me that now that they've rebranded their website, there are only business accounts, "yours are personal accounts. JUST IGNORE WHAT IT SAYS!!!" (sic)

 

With the prospect of this heralded inception of notifying overseas tax depts, I wonder if they would be as dismissive of one of their nationals suddenly having sprouted undeclared business bank accounts overseas

[Joe32]

Can anyone help me out here?

I'm from the Netherlands, but living in Thailand for 10+ years. I haven't been back there since.

I have almost no ties with the Netherlands anymore and all that I have is here in Thailand.

Is this all really necessary to do?

[oldcpu]

8 hours ago, Joe32 said:

Can anyone help me out here?

I'm from the Netherlands, but living in Thailand for 10+ years. I haven't been back there since.

I have almost no ties with the Netherlands anymore and all that I have is here in Thailand.

Is this all really necessary to do?

 

My view is to not worry about it. Others may have a different view.

[Joe32]

1 hour ago, oldcpu said:

 

My view is to not worry about it. Others may have a different view.

 

Me too actually. The only thing is that all the way at the end of the form they mention that if you don't do it, the bank will stop providing its service to you. They mention it all the way at the end of the form. However, what they say at the bank is not that strict actually. Not sure if it's just me, but always if something has to be done here, they make it as unclear as possible.

[hotandsticky]

On 12/10/2024 at 12:19 AM, Regyai said:

A point I've not yet seen mentioned.

 

I have two Kasikorn accounts, basically dormant with a couple of thousand GBP in deposits.

Having not browsed them online in years this latest palava piqued my interest and I logged in to a new and unfamiliar website.
I was surprised to be steered to this 'K Biz' hype and to find both accounts being declared as BUSINESS ACCOUNTS. These are not and never were anything but personal accounts.

 

The call centre tells me that now that they've rebranded their website, there are only business accounts, "yours are personal accounts. JUST IGNORE WHAT IT SAYS!!!" (sic)

 

With the prospect of this heralded inception of notifying overseas tax depts, I wonder if they would be as dismissive of one of their nationals suddenly having sprouted undeclared business bank accounts overseas

 

 

You don't need a sledgehammer to crack a nut - and there is never a benefit in making mountains out of molehills.

[hotandsticky]

On 12/9/2024 at 10:43 AM, oldcpu said:

 If it were me, with such an email - I would NOT reply by email.

 

Call me paranoid , but I am leery of scammers.

 

If it were me, I would print out the email, and go to the local branch of the bank where I opened my account, and in person ask them to explain.

.

 

 

Oh my, the staff will be happy.

[petermik]

10 hours ago, Joe32 said:

Can anyone help me out here?

I'm from the Netherlands, but living in Thailand for 10+ years. I haven't been back there since.

I have almost no ties with the Netherlands anymore and all that I have is here in Thailand.

Is this all really necessary to do?

 

2 hours ago, oldcpu said:

 

My view is to not worry about it. Others may have a different view.

I called in yesterday at the KK branch in Big C Pattaya klang....waited 25 minutes to see a service agent and when she asked how can I help I replied about the email message I had received...her reply was "yes I know about this do you have your passport and Bank book with you" she photocopied both together and asked me to sign and said "that`s it all done" nothing else was asked for....2 minutes later I was out the door 👍

[chiang mai]

7 minutes ago, petermik said:

 

I called in yesterday at the KK branch in Big C Pattaya klang....waited 25 minutes to see a service agent and when she asked how can I help I replied about the email message I had received...her reply was "yes I know about this do you have your passport and Bank book with you" she photocopied both together and asked me to sign and said "that`s it all done" nothing else was asked for....2 minutes later I was out the door 👍

You signed a blank form?

[petermik]

3 minutes ago, chiang mai said:

You signed a blank form?

No I signed the photocopy of the passport and bank book.......

[anrcaccount]

55 minutes ago, petermik said:

I called in yesterday at the KK branch in Big C Pattaya klang....waited 25 minutes to see a service agent and when she asked how can I help I replied about the email message I had received...her reply was "yes I know about this do you have your passport and Bank book with you" she photocopied both together and asked me to sign and said "that`s it all done" nothing else was asked for....2 minutes later I was out the door 👍

 

Yup, can see now multiple reports on this thread of that same experience. I have spoken to over a dozen people now ( Non-US Citizens, not working in Thailand)    who have had the same, it bears repeating:

• Go into the branch, ask for help with completing form.
• "Do you have work permit" - answered no.
• OK then, fill basic details, copy/sign your passport, bank book if you have it, done.
• No need to provide any tax ID, Thai or foreign.

So, no need for anyone to be concerned about this form. 

[Negita43]

On 12/2/2024 at 1:34 AM, chiang mai said:

Hand on heart I don't understand why folks are so averse to obtaining a Thai TIN,

Went to my local tax office (no-one speaks English) to change my address for a TIN I had when working - basically got the feeling they didn't want to know and haven't succeeded yet - is there on on-line option to change TIN address?

[sanook 1]

On the "fatca crs form" part 2..im living of savings and dont work/pay any taxes. Living in Thailand but adress in Europe..#on part/page 2 question 1:yes or no?

[Negita43]

6 hours ago, anrcaccount said:

So, no need for anyone to be concerned about this form. 

Not quite sure about - that if you have no tax liability in another country yes - but if you do pay tax in another country (non USA) you are asked to tick a box and give info

[Jingthing]

OK maybe a stupid question, but here goes.

I didn't get the email but I did copy the three PDF forms that were posted on this topic.

Then I found that I couldn't enter text into them. Adobe offers an upgrade but I'm not interested.

Can you enter text on the forms you got (if you got the email)?

If you can't enter text, of course you can print the forms and write by hand and then scan to send by email but what a pain.

Response appeciated.

[Mutt Daeng]

7 hours ago, Jingthing said:

OK maybe a stupid question, but here goes.

I didn't get the email but I did copy the three PDF forms that were posted on this topic.

Then I found that I couldn't enter text into them. Adobe offers an upgrade but I'm not interested.

Can you enter text on the forms you got (if you got the email)?

If you can't enter text, of course you can print the forms and write by hand and then scan to send by email but what a pain.

Response appeciated.

I used an app called PDFgear on my PC to add text and my scanned signature to the forms. There is a bit of a learning curve however. Alignment can be a little "fiddley" when entering characters/numbers into pre-defined boxes. I find it a doddle after using it for years.

https://www.pdfgear.com/

 

[Jingthing]

2 hours ago, Mutt Daeng said:

I used an app called PDFgear on my PC to add text and my scanned signature to the forms. There is a bit of a learning curve however. Alignment can be a little "fiddley" when entering characters/numbers into pre-defined boxes. I find it a doddle after using it for years.

https://www.pdfgear.com/

 

Interesting.

So you're confirming that the pdf files they sent you aren't fillable with Acrobat unless you have an upgraded version?

[Digitalbanana]

15 minutes ago, Jingthing said:

So you're confirming that the pdf files they sent you aren't fillable with Acrobat unless you have an upgraded version?

I did not find the PDF files to be fillable in any way using the latest Acrobat. I could only type text on the PDF sheet where I wanted like any other PDF editor might do.

[Jingthing]

16 minutes ago, Digitalbanana said:

I did not find the PDF files to be fillable in any way using the latest Acrobat. I could only type text on the PDF sheet where I wanted like any other PDF editor might do.

Thanks but I don’t understand. You could or couldn't complete the form with non upgraded Acrobat? 

[ChaiyaTH]

Not filling it in and letting them close the account, if that happens in the first place. Good time to bury that 12 year banking history and start over with a new bank fresh entirely, specially since rules with taxes keep changing too.

 

Already opened a new dormant one at Bangkok bank too. Just like covid; if you are in the front row to get a shot, you will be shot.

[Mutt Daeng]

2 hours ago, Jingthing said:

Interesting.

So you're confirming that the pdf files they sent you aren't fillable with Acrobat unless you have an upgraded version?

When you refer to Acrobat, I assume you are talking about the free Acrobat Reader and not the "not free" full on Acrobat editing suite.

I don't use Acrobat Reader, so I can't confirm that. IMHO the forms from the KBank email are not "fillable".

Here is an example of what I consider to be a "fillable" form (TIN application form) https://rd.go.th/fileadmin/tax_pdf/request/lp10.1_110355.pdf which can be filled in using free Acrobat reader and PDFgear.

 

[Negita43]

1 hour ago, Digitalbanana said:

I did not find the PDF files to be fillable in any way using the latest Acrobat. I could only type text on the PDF sheet where I wanted like any other PDF editor might do.

I have a very old app called ABBYY transformer I filled the non US form by setting a text box in the relavent field and typing into that ( also set the font colour to blue as I know Thais sometime insist on that). I presented this to my bank without any issues about my method of filling

[Mutt Daeng]

15 minutes ago, Negita43 said:

I have a very old app called ABBYY transformer I filled the non US form by setting a text box in the relavent field and typing into that ( also set the font colour to blue as I know Thais sometime insist on that). I presented this to my bank without any issues about my method of filling

That is basically what I did using PDFgear.

[kimothai]

On 11/23/2024 at 9:42 PM, ukrules said:

Has anyone who's not from the US received this email...so far?

I see they mention CRS as well which is a non US thing.

A French friend, living in Thailand received one.  

[jesimps]

On 11/23/2024 at 9:42 PM, ukrules said:

Has anyone who's not from the US received this email...so far?

I see they mention CRS as well which is a non US thing.

Yes I've had the email and forms and I'm a Brit. I'm not returning the forms because all three mention the IRS. 

[Seppius]

31 minutes ago, jesimps said:

Yes I've had the email and forms and I'm a Brit. I'm not returning the forms because all three mention the IRS. 

But what will happen on the 20th of December for the deadline to complete, account frozen maybe? are you going to risk that?

[wwest5829]

On 11/24/2024 at 12:17 AM, Everyman said:

Have any U.S. citizens received this email who opened their accounts (somewhat) recently and already filled out the usual FACTA forms? 

 

The US is not a signatory to CRS, but they do have their own crap so hopefully for US citizens this is limited to older accounts that don’t have FACTA on file. 

I will await … FATCA not required of all US citizens and FBAR only if in excess of $10K (cumulative ) anytime during the year. I would hope all US citizens being approached will direct inquires to the US Embassy, Bangkok for clarification, esp. as regards the existing tax treaty.

[MadAtMatrix]

16 hours ago, Jingthing said:

OK maybe a stupid question, but here goes.

I didn't get the email but I did copy the three PDF forms that were posted on this topic.

Then I found that I couldn't enter text into them. Adobe offers an upgrade but I'm not interested.

Can you enter text on the forms you got (if you got the email)?

If you can't enter text, of course you can print the forms and write by hand and then scan to send by email but what a pain.

Response appeciated.

There are fillable ones located here

https://www.irs.gov/businesses/corporations/fatca-related-forms
 

 

[ericbj]

Received these forms, which were sent to me at an old e-mail address on 23 November, but only recently sighted, then forwarded to my current e-mail address with Posteo because on Gmail they could not be printed correctly.

 

With Posteo I use my old and trusted e-mail client, Pegasus, using true e-mail protocols [SMTP and POP3] and can view in 'Raw View' the full headers, showing the path by which it came.  Don't know how to do that with web-mail, assuming it is possible.  So origin untraceable.

 

The final (3rd) page of the "FATCA/CRS Individual Self-Certification" requires one to sign as agreeing to "the terms and conditions specified herein, which include permitting the disclosure of information, account witholding and termination of bankinng/business relationship." 🙂  

 

At least they don't ask me to sign my own Death Certificate!

 

None of these forms have as yet been received from my other Thai bank.

 

Did however have to fill in essentially the same U.S. IRS forms for my E.U. on-line stockbrokers a year or two ago.  Maybe because I hold a few U.S. shares.