Joint account

[KannikaP]

I read a while back that the 400/800 Deposit for Mr Immigration can be kept in a Joint account which has one of the names ie my Wife's, not showing, so that it looks like a single account, but when I kick it, she can take it all out legally before Probate.

Or there is a Joint account which either one of us can use individually. Or is someone pulling my leg please?

[carlyai]

Hope you get an answer as that would be great.

Another solution would be to have B1.6mil in joint account with the best bank rate in a yearly term deposit.

[In Full Agreement]

21 minutes ago, KannikaP said:

I read a while back that the 400/800 Deposit for Mr Immigration can be kept in a Joint account which has one of the names ie my Wife's, not showing, so that it looks like a single account, but when I kick it, she can take it all out legally before Probate.

 

 

The banks seem fixated on having authorization from the  court before they release any baht to an heir.

 

 

[Njoku]

Im under the impression that amount has to be in your name only, get a will.

 

Another good reason to have it in your name only is even though you think you know your wife there was a case once in here where the mrs had access to the masters bank account, coming up for visa renewal he realised she had spend the bulk of those funds putting him in the pickle.

 

May not have had any malice intended but do we need problems in our old age?

[KannikaP]

1 minute ago, In Full Agreement said:

 

 

The banks seem fixated on having authorization from the  court before they release any baht to an heir.

 

 

She can legally empty the Joint account, it's the Immigration Deposit I want to protect.

[KannikaP]

1 minute ago, Njoku said:

Im under the impression that amount has to be in your name only, get a will.

Will is done and dusted, all money in all Thai joint accounts  goes to her immediately, before Probate, account numbers mentioned in the Will.

It's the immigration money I want her to have a s a p.

[KannikaP]

7 minutes ago, carlyai said:

Another solution would be to have B1.6mil in joint account with the best bank rate in a yearly term deposit.

Immigration WILL NOT accept a Joint Account for the Extension deposit.

[carlyai]

1 minute ago, In Full Agreement said:

 

 

The banks seem fixated on having authorization from the  court before they release any baht to an heir.

 

 

Yes, when I questioned my bank they said new requirements from new government policy. They also said that my wife and I would not be able to transfer significant amounts between our accounts, so I tried it and we can, maybe releasing baht is the same, ie it is a new reg. but maybe not inforced.

[KannikaP]

I have transferred everything from MY current account to the Joint one...........but I keep the ATM card, and she cannot do Telephone or Online Banking !

[carlyai]

2 minutes ago, KannikaP said:

Immigration WILL NOT accept a Joint Account for the Extension deposit.

Don't know why not. Their initial reason for not allowing joint accounts was that if you had B800000 only half of it was yours as it was a joint account.

That's what they told me ages ago.

[KannikaP]

6 minutes ago, carlyai said:

Don't know why not. Their initial reason for not allowing joint accounts was that if you had B800000 only half of it was yours as it was a joint account.

That's what they told me ages ago.

WRONG! And don't use the word 'reason' in a post regarding Immigration, 555

In a joint account it ALL belongs to whoever takes it out !