Future Uncertain for Retiree Bank Accounts in Thailand

[Rimmer]

A flame all in caps has been removed

[spidermike007]

7 minutes ago, lordgrinz said:

 

It will happen, slowly, more than likely long after everyone here on AN has passed on to the afterlife.

The one variable is if the youth are able to wrestle control from the caustic toxic dinosaurs, and they embrace an attitude of progress and open-mindedness. There are some pretty incredible Thai youth here. I'm very hopeful they'll end up running the country. 

 

Dinosaurs, be gone! 

 

 

[flexomike]

20 minutes ago, smedly said:

yeah I'm beginning to to think I was wrong and 15baht was for an atm withdrawal I made several days earlier even though it showed up when I made the QR payment, maybe just showing recent transactions, like said - first time i had ever used it, justed testing it out - cheers

I have Bangkok Bank and only get charged the 15 baht fee if I use an ATM out of the provence, have not done that for awhile so it may longer apply

[hotandsticky]

Just now, flexomike said:

I have Bangkok Bank and only get charged the 15 baht fee if I use an ATM out of the provence, have not done that for awhile so it may longer apply

 

 

It does.

[Liverpool Lou]

1 hour ago, actonion said:

I have a Siam Commercial Bank account with a Debit card..Does anyone know  why i can use this card in several shops  in Pattaya  to pay my shopping bills  BUT places like    Travel agents, Car dealerships, some,  but not all Restaurants charge 2 or 3% for using this card, when i ask why they charge a percentage they tell me  its because   the Banks charge them, I question the Bank  the lady shrugs her shoulders...

Merchants are charged that fee by the CC company when credit cards are used, vendors are not charged a fee by the bank for accepting debit card payments.  

[ScubaGuy]

1 hour ago, smedly said:

100% incorrect you may think you are using PP when in fact you are not, when I opened my banking app to explore PP just now, it asks for a recipients Ph No, not the say a QR scan won't work as it clearly does whether registered for PP or not, I only registered for PP 1 hour ago, I made the QR payment I mentioned above over 1 week ago as a test, now there may be some confusion on my part what the 15baht charge was for, it could have been an atm withdrawal I made a few days prior but it did come up on my phone screen when I completed the transaction, so the jury is out on that TBH, maybe when I completed the transaction it just flashed up recent transactions on my account and the 15baht was unrealated - yes confusing

Of course you are using PromptPay. The QR code only populates the receivers phone number. Some businesses can also populate the bill amount. Scanning a QR code is just quick and easy. Entering the phone number manually is exactly the same thing. 

 

The 15 Baht you are going on and on about is likely a inter-region fee.

[Liverpool Lou]

1 hour ago, jaywalker2 said:

I went into an SCB branch today to update my passbook. The update ATM was no longer there so I had to go inside and ask a customer service rep. Imagine my surprise, when I looked at my bank book afterwards and saw that they'd charged me 100 baht for the "service."

Cobblers.  Banks do not charge anything for updating passbooks, either using the machine of the bank staff at the counter.   You're making that up.

[JimboB4]

What do know another false information or exaggerated information article by what do you call yourself now? 🤣🤣🤣 

 

The weed stories didn’t quite work out so try something else huh. Please disable my account moderators. 

[tydoorman]

5 hours ago, gargamon said:

I've got a different take on this. It's the greedy banks who are losing out on all the money they could make if everyone had to use their foreign ATM cards with a 10k limit and a 250 baht penalty each time. They lobby the government to change the rules so people can't open an account and use wise, etc to bring in money where they get nothing. Damn the retirees, we don't care. We want money.

that's what comes of being a tourist.  one the should not get a bank account of get a Thai driver license unless you are on the elite visa that is an over rated tourist visa.   there are rules so follow them and stop giving tourist a bad rep 

[Liverpool Lou]

56 minutes ago, jwl53 said:

But we already have this in place, when changing my phone I have to go to the banks to register it with them before I can access my online banking

Changed my phone two months ago and neither BBL, KTB, Krungsri, UOB nor Kasikorn required a branch visit to continue using their phone apps on the new phone.

[John Drake]

2 hours ago, proton said:

 

So Barry why and how do you think it will change? this is just uniformed speculative scaremongering.

 

This is Barry. Anymore questions?

 

https://www.pattayamail.com/wp-content/uploads/2022/04/Barry-Kenyon-PCEC.jpg

[tydoorman]

4 hours ago, gargamon said:

K-bank had never charged me a fee to use qr codes. I abandoned BKK bank a couple of years ago when they stopped allowing counter ATM withdrawals.

I have never been charged by Bangkok bank either 

[Kenneth White]

I have been living and banking in Thailand for over 10 years; I sure hope I don't need to make any changes to my bank account. I am 77 years old and cranky as hell.

[tydoorman]

3 hours ago, Robert_Smith said:

You a fan of track & trace then?

 

Cash is, and always will be, King.

 

Best regards,

Bob.

must be hiding from someone or something.  

[cjinchiangrai]

Banks will be happy to open another account for me and I registered biometrics two years ago. If you are legal, it is not a problem, except in Jomtien where immigration is not following the rules.

[Sydebolle]

Reading all this administrative bureaucratic carp I seriously wonder, why people still come to Thailand. This racism is endless and there is no light at the end of the tunnel. 

Does anyone seriously think that a money-laundry operation would go down this medieval way while hundreds of thousands of non-Thais in the land just need a financial tool to manage their finances? If they are forced to resort to 10K at 250 Baht fee ......... 

Thailand might lose its welcome - all non-Thais moved once in their life already and hence might do it anytime again - be warned! 

[marin]

4 minutes ago, tydoorman said:

that's what comes of being a tourist.  one the should not get a bank account of get a Thai driver license unless you are on the elite visa that is an over rated tourist visa.   there are rules so follow them and stop giving tourist a bad rep 

Stop being an idiot and think about what you type. Not only is it grammatically poor it is silly. Thousand of retirees and married people living their lives here. Why shouldn't we have bank accounts and Drivers licenses. You neglect to think of those who are working or have worked here. I have paid over 2 million baht in taxes just from my salary and now collect Thai social security. Get you head on straight mate. 

[gravity101]

11 minutes ago, Liverpool Lou said:

Merchants are charged that fee by the CC company when credit cards are used, vendors are not charged a fee by the bank for accepting debit card payments.  

Any transaction that goes through the Visa or Mastercard system incurs a fee, regardless if its a debit or credit card. The fee depends on the arrangement with with merchant. Typically about 1.5% to 2%. When a vendor tries to tag on 3%, they are breaking the terms of service for accepting card payments, and in theory will lose the gateway. But they don't care.

[DualSportBiker]

4 hours ago, ravip said:

You mean to say, that all these Thai people, in their thousands, who we see buying food, fruits, etc at the small roadside vendors are also paying 15baht for each transaction?

 

I've never used QR payment in TH, so I don't know.

I almost never use cash - taxis, street food, lottery tickets, fancy lunch venues, Chamber of Commerce events. Almost every single thing I buy is cashless.

 

I can't remember a single fee from KBank, and I've been using e-payments for as long as they have been here.

[elektrified]

4 hours ago, smedly said:

speaking of Thai banks and charges, I used a QR payment from Bangkok bank the other day to pay for a 250baht bar bill (just to try it out) well it worked ok but I was charged 15baht for the pleasure, Thai people think cashless is something to brag about, they may need to think again if banks are going to charge like this for every transaction and it might be 15baht now  (which IMO should be free)  but when you have no option for cash these charges are going to go up because you will simply have no alternative, the banks really will have you by the $$$$$.  I am personally 100% against cashless - there is only one winner  and it ain't us. 

I've never been charged a fee to use QR codes and I've probably done 700 over the years.

[malathione]

4 hours ago, ravip said:

You mean to say, that all these Thai people, in their thousands, who we see buying food, fruits, etc at the small roadside vendors are also paying 15baht for each transaction?

 

I've never used QR payment in TH, so I don't know.

Perhaps an out of province fee, similar to what is charged when you use an ATM out of the province your bank branch is based in. 

[DualSportBiker]

3 hours ago, Old Croc said:

I opened a new bank account yesterday.

A simple statement, but it ivolved months of endeavour, disappointment, at least six trips to the local town and about about 12 hours of mine and my wifes time. Most of the latter involved interminable sitting, as the main curiosity, in various office waiting areas or watching a clerk dressed as Admiral of the fleet painstakingly writing on endless amounts of forms. Most of these had to have my signature emblazed on the bottom. My arthritic fingers had a workout comparable to an Immigration extension visit.  I had to give details of my long dead parents and make up an address in my home country from whence  I left permanently 15 years ago.

The new acount was needed because the bank I had used for 14 years doesn't have a branch nor ATM within 120 kms and updated security measures necessitaed a closer relationship.

The bank insisted I had to get some sort of quasi recognition by getting a pink ID card and my own personal coloured house book. I'm not worthy of inclusion on the real one despite my considerable contribution to the building of such.

This involved the local orbitors office and took some time and several visits because, inadvertantly, I first fronted on Valentines day. This is apparently a big deal for marriages. I did wonder at the many young couples flooding in. The Admiral had taken a day off and his replacement was loud and incompetant and eventually told us to go away and come back tomorrow after we had spent hours waiting. The boss probably got his splendid uniform because he's clever enough to know when to have a day off. 

With this new documentation the bank relented and allowed me an account, albeit restricted in amounts transferred because I'm over 75 and not to be trusted with my own money.

That all sounds horrible. 

I opened an account with Krungsri a few months ago. I took my passport, a bank statement from a Singapore bank with my Thai address which I did not need. I was in an out in 25 minutes. FWIW, I am on a marriage visa.

[smedly]

42 minutes ago, daejung said:

Check the confirmation receipt issued by Bangkok Bank Application. It is saved on your phone.

 

Fee, if any, is mentioned at the bottom left.

 

 

 

yes indeed you are correct, no fee, so the fee was for atm a few days before

[smedly]

41 minutes ago, ScubaGuy said:

Of course you are using PromptPay. The QR code only populates the receivers phone number. Some businesses can also populate the bill amount. Scanning a QR code is just quick and easy. Entering the phone number manually is exactly the same thing. 

 

The 15 Baht you are going on and on about is likely a inter-region fee.

I was not signed up for PP until today, I guess it's just semantics, the QR code scan worked call it PP if you want

[Moonlover]

2 hours ago, jaywalker2 said:

I went into an SCB branch today to update my passbook. The update ATM was no longer there so I had to go inside and ask a customer service rep. Imagine my surprise, when I looked at my bank book afterwards and saw that they'd charged me 100 baht for the "service."

It's more likely it was an annual fee for your account or card that just happened to coincide with the day you updated the book.

 

I was caught out thinking that I'd been charged 100 Baht for using an ATM out of province. No, I was wrong. It was the annual card fee that was deducted on the same day.

[jaywalker2]

Just now, Moonlover said:

It's more likely it was an annual fee for your account or card that just happened that it coincided with the day you updated the book.

 

I was caught out thinking that I'd been charged 100 Baht for using an ATM out of province. No, I was wrong. It was the annual card fee that was deducted on the same day.

The fee was charged in January and it's 200 baht

[daveAustin]

34 minutes ago, Sydebolle said:

Reading all this administrative bureaucratic carp I seriously wonder, why people still come to Thailand. This racism is endless and there is no light at the end of the tunnel. 

Does anyone seriously think that a money-laundry operation would go down this medieval way while hundreds of thousands of non-Thais in the land just need a financial tool to manage their finances? If they are forced to resort to 10K at 250 Baht fee ......... 

Thailand might lose its welcome - all non-Thais moved once in their life already and hence might do it anytime again - be warned! 

You’d think things would get easier here over time, but everything seems to be getting more awkward and convoluted. The Thai banking system has always been a massive pita. 

[hkblademan]

5 hours ago, smedly said:

speaking of Thai banks and charges, I used a QR payment from Bangkok bank the other day to pay for a 250baht bar bill (just to try it out) well it worked ok but I was charged 15baht for the pleasure, Thai people think cashless is something to brag about, they may need to think again if banks are going to charge like this for every transaction and it might be 15baht now  (which IMO should be free)  but when you have no option for cash these charges are going to go up because you will simply have no alternative, the banks really will have you by the $$$$$.  I am personally 100% against cashless - there is only one winner  and it ain't us. 

Use Bangkok Bank QR payments all the time. Never been charged anything for it. 

[smedly]

1 hour ago, CecilM said:

Bangkok Bank just informed me that foreigners may only have ONE account per person.

So until the gov't steps in (like forcing banks to be responsible for scammers' accounts) things will continue to be convoluted for foreigners who have a legitimate reason for an account. 

well that's not good, what location told you this

 

I have 2x BKB accounts for years - a current/savings account and an FCD account

[Jiggo]

Should that not read New Retirees Bank Accounts 

Or is this not trying to send current customers into panic mode.