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Posted

I am living in Thailand for more than 20 years and have a bank account with SCB. Now I am informed that after 12.06.2025 I will not be able to transfer more than 50.000 THB per day with my mobile App due to new regulations. Is that the same with all banks in Thailand now? Having an account in my name, but being no longer able to do transaction as I want?

Posted
18 minutes ago, Dasekel said:

I am living in Thailand for more than 20 years and have a bank account with SCB. Now I am informed that after 12.06.2025 I will not be able to transfer more than 50.000 THB per day with my mobile App due to new regulations. Is that the same with all banks in Thailand now? Having an account in my name, but being no longer able to do transaction as I want?

Have the same BS with K Plus, we are all reputedly money launderers.

Posted

I just checked with UOB and they told me that they have no such limits and no plans for it. If that is true and it depends on the banks what they decide to do, I will move my account to UOB.

It is ridiculous what the Government is doing with foreigners living here. They want more money from us by taxing money transfers from abroad and potentially even global income, but at the same time limiting our ability to use our money as we wish.

Posted
32 minutes ago, Dasekel said:

I am living in Thailand for more than 20 years and have a bank account with SCB. Now I am informed that after 12.06.2025 I will not be able to transfer more than 50.000 THB per day with my mobile App due to new regulations. Is that the same with all banks in Thailand now? Having an account in my name, but being no longer able to do transaction as I want?

This is their base limit for all accounts. But do you realise that you can change your daily transaction limits yourself (either as a 'one time' payment or forever in some of the the Bank apps. I do it regularly my for BBL and Kasikorn accounts.

Posted
52 minutes ago, Dasekel said:

I am living in Thailand for more than 20 years and have a bank account with SCB. Now I am informed that after 12.06.2025 I will not be able to transfer more than 50.000 THB per day with my mobile App due to new regulations. Is that the same with all banks in Thailand now? Having an account in my name, but being no longer able to do transaction as I want?

The transfer over 50.000 is indeed possible after you provide your face ID. The first installation can be done in person at a bank counter. However you might have to provide them again with all your paper, visa, TM30, certificate of residence etc.

Posted
16 minutes ago, couchpotato said:

This is their base limit for all accounts. But do you realise that you can change your daily transaction limits yourself (either as a 'one time' payment or forever in some of the the Bank apps. I do it regularly my for BBL and Kasikorn accounts.

No, I had already changed everything limits long time ago and I could transfer much more per day (500.000) using my SCB App. But this will not be possible anylonger after 12.06. without requesting their permission! 

Posted
Just now, Ani Koras said:

The transfer over 50.000 is indeed possible after you provide your face ID. The first installation can be done in person at a bank counter. However you might have to provide them again with all your paper, visa, TM30, certificate of residence etc.

No, it is no longer possible after 12.06.2025, just call them and check 02 777 7777.

Posted

Hi, I rang scb and since there were no English speakers staff available I left my number for thrn to call me bsck. Apparently if you need to transfer an amount over 49,999 or 200,000 (per day) baht you need to ring them before you do it. They will then activate the exemption within 10 minutes then inform you by msg or scb app. You will then have only 1 hour to transfer the funds thrn the exemption gets deactivated. 

 

A lonely operator explained all in perfect English and she also mentioned that they are working on a permanent solution /implementation of the system /for the face recognition for foreigners to be same as Thais 👍

Posted
8 minutes ago, walailak said:

Hi, I rang scb and since there were no English speakers staff available I left my number for thrn to call me bsck. Apparently if you need to transfer an amount over 49,999 or 200,000 (per day) baht you need to ring them before you do it. They will then activate the exemption within 10 minutes then inform you by msg or scb app. You will then have only 1 hour to transfer ....

They should develop the face recognition BEFORE changing the rules. I do not want to ask the bank for permission if I want to make a larger transaction. I consider this very bad customer service and bad management and will move my money to a bank that enables me to do what I want to do.

  • Haha 1
Posted
2 hours ago, Dasekel said:

I just checked with UOB and they told me that they have no such limits and no plans for it. If that is true and it depends on the banks what they decide to do, I will move my account to UOB.

It is ridiculous what the Government is doing with foreigners living here. They want more money from us by taxing money transfers from abroad and potentially even global income, but at the same time limiting our ability to use our money as we wish.

 

If some banks but not others are doing this, then it is cleary NOT the Government.  

Are these restrictions for foreigners only, or bank policy for all customers?

 

The foreign income remited here applies to ALL.  Thais are more likely to be remitting money on which they have not paid tax, unlike most foreigners, and will ceratinly not have any DTA, unlike many foreigners. 

 

Global income taxed?  Like the Good 'ol USA then?  Maybe that's where they go the idea, if it is even an idea in Government as poososed to come internet conspiracy drummed up to foster ill- feeling towards the Thais, or their Government, or both.

 

PH

Posted
4 minutes ago, Phulublub said:

If some banks but not others are doing this, then it is cleary NOT the Government.

 

I'm pretty sure it was the government via the BOT and all banks have been forced to take these extra precautions.  The difference is that some have already implemented the likes of facial recognition and some haven't.  Those that haven't are now restricted.

 

couchpotato mentioned above it can be done on the Bangkok Bank app and I can verify that as I changed mine just a couple of days ago after 10 mins of smiling and blinking at the camera.

Posted
2 hours ago, Phulublub said:

Global income taxed?  Like the Good 'ol USA then?  Maybe that's where they go the idea, if it is even an idea in Government as poososed to come internet conspiracy drummed up to foster ill- feeling towards the Thais, or their Government, or both.

Was first suggested 18 months plus ago by the then RD director (a woman) under PM Sretha. mentioned again by her before she disappeared to another post.

It has been mentioned in many threads including more recently where a specific poster suggested it was potentially back on due to "their" interpretation of some news articles.....Potentially it could still happen but hopefully not.

 

I thought you had been involved in some of those threads but maybe I am mistaken.........:unsure:

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