Opening a Krungsri account for faster Wise transfers

[Yellowtail]

14 minutes ago, Blueman1 said:

 all you have to do is not take it out. So How do You Buy Stuff if You Leave yer money in the account.....Credit Card ??

I said leave money, I did not say leave all your money. But yes, if you live hand to mouth and spend it as quickly as you get it, it will not work for you. 

 

That said, I pay most everything with credit cards and just pay them once a month, and I only transfer money once or twice a year. 

[oldcpu]

4 hours ago, Moonlover said:

Thank you. So what you said in your 3rd paragraph @oldcpu is indeed nonsense.

 

'Which means those > age-70 with Krungsri are back to using cash transactions, like the old days ... or go to the bank to have bank-to-bank transfers made. Like the old days'.

 

Well I'm 79 and my account is still working just fine. I was even able switch the app to a new phone awhile back.

 

 You have seen the T&C.

 

It's not nonsense. 

 

Whether Krungsri proceed to follow their own T&C is something that I can't predict.  I am age 71v

 and I sm still using their online smartphone app regularly.  However when I go to replace this smartphone I suspect I could have issues due to the Krungsri T&C.  My hope is given my account with Krungsri is relatively substantial that they will ignore their published T&C. But I don't know .

 

I posted what this could mean. Believe it or not. Frankly I don't care if you disbelieve. 

[JohnnyBD]

33 minutes ago, Yellowtail said:

I said leave money, I did not say leave all your money. But yes, if you live hand to mouth and spend it as quickly as you get it, it will not work for you. 

 

That said, I pay most everything with credit cards and just pay them once a month, and I only transfer money once or twice a year. 

It's a sad fact, but many people working and/or retired are living "hand to mouth" or "paycheck to paycheck" with very little or no savings. In those cases, it would be wise to have a credit card to use in case of an emergency where you need to pay for something immediately. 

 

A significant portion of Americans are living paycheck to paycheck, meaning they rely on their next paycheck to cover their current expenses. While the exact percentage varies depending on the survey and how "paycheck to paycheck" is defined, recent reports suggest that a majority of Americans, potentially over 60%, are experiencing this financial strain.

[Moonlover]

47 minutes ago, oldcpu said:

 You have seen the T&C.

 

It's not nonsense. 

 

Whether Krungsri proceed to follow their own T&C is something that I can't predict.  I am age 71v

 and I sm still using their online smartphone app regularly.  However when I go to replace this smartphone I suspect I could have issues due to the Krungsri T&C.  My hope is given my account with Krungsri is relatively substantial that they will ignore their published T&C. But I don't know .

 

I posted what this could mean. Believe it or not. Frankly I don't care if you disbelieve. 

I purchased my 1st smartphone when I was 73 or 74 and immediately registered for the Krungsri mobile app and it was accepted. I replaced my phone 2 years ago with a new Samsung and transferred the app to my new phone. Again no problem. I was then 77.

 

I perceive from the T & Cs that once you have been accepted as a user of digital platforms by Krungsri, you are good for life. I cannot believe, for a moment that they will toss you under the bus on account of your age. And I'm 8 years ahead of you!

 

I believe that you are over thinking this, and both your experience with the bank and mine, seem to indicate thus.

[DrJack54]

OP, as some postes have suggested open Kasikorn. 

They are partner with WISE and also can produce 12 month bank statements on the spot unlike BBL. 

Last week transfered 1.9mil from my Oz bank online. 

Instant transfer. 

Folk with USA  bank account my need to check transfer time. 

[OJAS]

15 hours ago, oldcpu said:

 

I have a Krungsri account.

 

Many of the current concerns is them stopping their computer online browser login service, and hence requiring one to use a smartphone for all transactions.

 

However they also have a constraint in their smartphone online app T&C that those older than age-70 are not allowed to activate a new online app on their phone with Krungsri (I may have the wording not precise).

 

Which means those > age-70 with Krungsri are back to using cash transactions, like the old days ... or go to the bank to have bank-to-bank transfers made. Like the old days.

.

 

Ah, the scourge of the slow, clunky, user-unfriendly banking app which Thai banks seem intent on ramming down our throats in place of online banking come hell or high water! After 3 months of more often than not unsuccessful attempts at using the Bangkok Bank app I dumped it since this appeared to me preferable to succumbing to the urge of hurling my smartphone against a wall in sheer frustration.

 

[Dan O]

5 hours ago, Yellowtail said:

I have Krunsri for immigration as well, and they are IMO by far the most convenient at Chiang Wattana. 

 

What do you pay for the swift transfers? I'm with Chase and have to pay $45. I used to get them free...

I use Wells Fargo in USA for $25 per transfer. I do the currency conversion in Thailand and its very competitive. 

 

Gee look at us having a normal cordial  conversation! 

[JohnnyBD]

2 minutes ago, OJAS said:

 

Ah, the scourge of the slow, clunky, user-unfriendly banking app which Thai banks seem intent on ramming down our throats in place of online banking come hell or high water! After 3 months of more often than not unsuccessful attempts at using the Bangkok Bank app I dumped it since this appeared to me preferable to succumbing to the urge of hurling my smartphone against a wall in sheer frustration.

 

At least Bangkok Bank still has web browser internet banking if one doesn't like using their app.

[oldcpu]

3 hours ago, Moonlover said:

I purchased my 1st smartphone when I was 73 or 74 and immediately registered for the Krungsri mobile app and it was accepted. I replaced my phone 2 years ago with a new Samsung and transferred the app to my new phone. Again no problem. I was then 77.

 

I perceive from the T & Cs that once you have been accepted as a user of digital platforms by Krungsri, you are good for life. I cannot believe, for a moment that they will toss you under the bus on account of your age. And I'm 8 years ahead of you!

 

Krungsri updated the T&C for their app in February-2025, where upon they added the "not over age-70" clause. 

 

Typically, when T&C are updated, users are nominally notified and advised of a need to accept new T&C.  I honestly can't recall if I was expected to agree with the new T&C on the Krungsri smartphone app, but like you I was skeptical until someone pointed out to me the new T&C that very very clearly state (in English language) those age-70 and over do not qualify for use of the Krungsri mobile app for smartphones..

 

So given, now that it is very clear (in the English language Krungsri T&C) that it says no Smartphone app use is nominally allowed for those whose age is >70 (the wording in the T&C is slightly different).    Will they enforce this?  

 

I don't know.

 

My speculation is that they will not enforce for users whose current phone has the app. My experience backs that up.

 

But I also speculate they MAY enforce this as soon as a user switches to a new different phone with the app. 

 

I am nominally planning to buy a new phone in next couple of years (my Samsung Galaxy A53 5G is getting rather old) and I will then need to re-install the app.  Possibly if I buy another Samsung smartphone, the Samsung app transfer process (from an old to a new Samsung) will mean the app moves over mostly seamlessly, but I suspect there still may need to be some interaction with Krungsri personnel at that time to activate on the new phone.  And if that happens, an employee who knows their T&C (this is my speculation) may not allow me to proceed with the interaction to have the Krungsri app work with the new phone, since I will be (and I currently am) well over the age-of-70.

 

Now having typed that, as I noted, my account with Krungsri is relatively substantial - so perhaps the branch manager may instruct their employee to 'look the other way' ... and perhaps not.    And also... perhaps there is an English language issue (read further in this post) in the T&C.

 

 

3 hours ago, Moonlover said:

 

I believe that you are over thinking this, and both your experience with the bank and mine, seem to indicate thus.

 

I don't think i am over thinking this.   Again, I suspect I might encounter such when I move to a new phone, so I have NO experience on this yet. 

 

And in life, as much practical, I also prefer to be forewarned in advance.

 

Where I am curious, has ANYONE since March-2025, who is older than age-70, successfully installed a new Krungsri mobile app and managed to get the Bank to activate it?  And if successful, was your bank account with Krungsri 'substantial' or just a relatively small amount?

 

My Thai wife, looking at the Thai wording of the T&C, believes the T&C in that (over age-70 not allowed) may apply to a Krungri bank account that one can open without actually showing up on the bank (specific to Thai citizens only) - and NOT apply to my bank accounts.  But she also concedes she does not know, and because of the uncertainty, until now I have elected not to share that the T&C wording may be account specific (as it also may apply to all on-line accounts via the mobile app).

 

Obviously, I am very curious to learn. 

 

I also have Bangkok Bank and SCB accounts, and in future, I may use those for my money transfers instead.

 

 

 

[oldcpu]

2 hours ago, JohnnyBD said:

At least Bangkok Bank still has web browser internet banking if one doesn't like using their app.

 

I like to use Bangkok Bank for transferring money from Europe (or from Canada) to Thailand, via Wise.   I don't live pay check to pay check (in fact its been pre-1-Jan-2024 since I last transferred money to Thailand).  So having money show up in seconds is not important to me.  However last I looked (pre-1-Jan-2024), Wise has limitations as to how much one can transfer to Thai banks, ... and one could transfer more via Bangkok Bank.

 

Hence typically I would first transfer money into Bangkok Bank from abroad, and then once in Bangkok bank transfer to Krungsri.  Again, this is NOT an approach for those who live from pay check to pay check.

 

According to :  https://wise.com/help/articles/2932335/guide-to-thb-transfers

the only supported Thai banks by Wise are:

• Kasikorn Bank

• Krung Thai Bank

• Siam Commercial Bank

• CIMB Thai Bank

• Bank Of Ayudhya (Krungsri bank)

• Kiatnakin Phatra Bank

and further, as already noted in this thread, the maximum amount that you can send per transfer depends on the recipient's bank.
Recipient bank                                       Maximum per transfer (THB)
Bangkok Bank Public Company         2,000,000
Kasikorn Bank                                       2,000,000
Siam Commercial Bank                       1,499,999
Other recipient banks                          500,000

 

My recollection from pre-1-Jan-2024  is Krungsri had limits on the transfer amount compared to Bangkok bank that were even lower than 500,000 THB. 

 

Clearly thou, I am not up to date on this.

[oldcpu]

7 hours ago, Jerzy Swirski said:

When I tried to install their app on my phone it said that my phone was too old.

I am certainly not going to buy a new phone just to comply with their system.

I will take my money elsewhere

 

Interesting.  I think Android 16 was released about 2 weeks ago. 

 

My 'old' Samsung A53 5G phone had Android-12 when it first came out, and the Krungsri app worked fine with the phone then. Samsung have subsequently pushed an update to Android-15 on my Samsung phone.  Keeping one's phone up to date is one nice thing about Samsung phones.

 

There are good security reasons for trying to stay with a current version of Android.   Even thou Android is based on GNU/Linux, much of the inherent GNU/Linux security has been compromised/removed so to make Android more user friendly. 

 

The older Android versions have security holes and are more easily hacked.

 

I understand its expensive to buy a new phone, and I also appreciate it is a major PIA to move to a new phone, but do keep in mind, even if another bank allows you use to use a mobile app on your phone (where Krungsri may not)   it could be very well be that you are taking a risk by continuing to use that older phone with those bank's apps.

 

The country of Thailand is not totally devoid of hackers.  So I recommend, keep this in mind, and perhaps keep an eye out for a sale, where you may be able to upgrade to a newer phone.  .... Do thou , take note if age-70 or older, this may (or may not) cause you a problem to change phones.  I honestly do not know - and I am curious to read if anyone > age-70, since MARCH-2025 (this year) has successfully installed and had activated the Krungsri online app on their smartphone?

.