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Alert! Bangkok Bank new rule money seasoning

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43 minutes ago, Liverpool Lou said:

Nonsense, that would be an infinitesimal swelling of it's coffers in relation to BBL's financial standing.  Bangkok Bank does not need expat accounts as much as self-aggrandising expats like to think it does.

Well no it's not really infinitesimal when one takes the trouble to work out how many expats there are with a requirement to keep money in a bank.

Let's say there are 200,000 expats in the country with a mixture of 400k and 800k in the bank for immigration requirements. I'm going to call that an average of 600k for the sake of convenience.

So we are looking at 600k x 200,000 =  120,000,000,000 Baht. I would be a very happy bank manager if some of that was in my bank for an extra month or so.

By the way I am never the sort of person to hold myself in high esteem for any reason.

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1 hour ago, Liverpool Lou said:

To use BBL as an example, fixed deposit accounts do allow withdrawals at any time before the "fixed" term expires, the account just does not then qualify for any interest or attracts a lower rate.

You can have one fixed deposit account with multiple specified amounts maturing on different specified dates and still hold higher interest rates for all.

1 minute ago, scubascuba3 said:

what are reasons would it be useful?

What is the point of answering, you just childishly post a thumbs down emoticon to every reply.
Think outside your own small box for once.

Who else might request a confirmation letter on the status of the account other than Immigration?

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Follow up, opened my K-bank account and will move all but the 400000 sequestered monies in a couple of days.  Will use BKK bank as a pipe as have the transfers between banks greased for some time.  As soon as the money clears, transfer to K-bank.  Will get my extension letter and such from K-bank from here on. Hope all well with everyone.

So!

 

Does anyone know (not read the thread) if anyone has fallen foul of this new rule......and if so what happened?

 

Did they lose there chance to extend their visa? Did the bank fold and issue a letter?

2 minutes ago, Liquorice said:

What is the point of answering, you just childishly post a thumbs down emoticon to every reply.
Think outside your own small box for once.

Who else might request a confirmation letter on the status of the account other than Immigration?

You seem to be slow, do some research, this subject has been mentioned many times and always about the 800k letter for Immigration so far, look for others and if you see them come back , until then don't bother, you add nothing

1 hour ago, flexomike said:

Has anyone had an issue with Bangkok bank using the monthly method.

Been using monthly method via Bangkok Bank for years. Automatic (scheduled) transfers from Wise to BBK account (dedicated account for immigration. Only 14 transactions a year. 6 "international transfers". 6 transfers to another BBK "spending" account. 1 interest payment. and 1 tax withholding for interest payment 5555).

 

For yearly extensions I give my agent a 12 month statement from BBK. And my passport. Then have my picture taken at CM immigration.

 

I'm not concerned with any financial transactions. Everything is automated. I do nothing. Simply spend from "spending" account.

 

I've been very satisfied with BBK.

15 minutes ago, Will B Good said:

Did they lose there chance to extend their visa?

You can't and don't extend a visa, but that's a different topic.

16 minutes ago, scubascuba3 said:

You seem to be slow, do some research, this subject has been mentioned many times and always about the 800k letter for Immigration so far, look for others and if you see them come back , until then don't bother, you add nothing

The requirements are to tackle as far as practicable money laundering and mule accounts, nothing to do with Immigration.
Immigration themselves have stated the requirements are nothing to do with them.

 

2 minutes ago, Liquorice said:

You can't and don't extend a visa, but that's a different topic.

 

Sorry....don't follow.

 

You mean you can't extend your visa?

 

Don't extend visa?

 

If I put my 400k in the bank two months before my application to extend.......then I go to the bank, but they refuse to issue my letter for immigration.........what happens?

1 minute ago, Will B Good said:

Sorry....don't follow.

 

You mean you can't extend your visa?

 

Don't extend visa?

You apply to extend your temporary permission of stay, The extension stamp is a 'permit', not a visa.
A single entry visa is used on entry, a multiple entry visa becomes used after the 'enter before' date.

 

5 minutes ago, Will B Good said:

If I put my 400k in the bank two months before my application to extend.......then I go to the bank, but they refuse to issue my letter for immigration.........what happens?

You sign the 'affidavit', agreeing to essential freeze said funds for 4 months, or you choose the sensible option and do as @DrPhibes did.

 

32 minutes ago, DrPhibes said:

Follow up, opened my K-bank account and will move all but the 400000 sequestered monies in a couple of days.  Will use BKK bank as a pipe as have the transfers between banks greased for some time.  As soon as the money clears, transfer to K-bank.  Will get my extension letter and such from K-bank from here on. Hope all well with everyone.

 

On 8/5/2025 at 12:42 PM, DrPhibes said:

Went to get my certified bank papers today for non-O visa extension for bank balance and was broadsided by a new rule at Bangkok Bank (account there since 2004).

 

Bangkok bank is now requiring that you leave 400,000 baht in the bank 4 months from the date you come in the get the certified balance letter if you did not have at least 400,000 baht in your account 4 months prior to coming in for the letter.  Not 4 months from the date the account had 400,000 then going forward, 4 months from today for me.  Account was funded with 600k in early May but they won't count from that date for the 4 months (big argument with top bank gal ovver this).  This is not an immigration requirement, new bank policy.  Looking to open account at different bank now.

Move to another bank.

3 hours ago, scubascuba3 said:

Dumb to think the mule accounts were being used for the 800k deposits, which is what Bangkok 4 month thing is about

 

The 800K accounts have just been caught up in the net flung out to stop the mule accounts is the way I see it.

1 hour ago, cgros said:

Been using monthly method via Bangkok Bank for years. Automatic (scheduled) transfers from Wise to BBK account (dedicated account for immigration. Only 14 transactions a year. 6 "international transfers". 6 transfers to another BBK "spending" account. 1 interest payment. and 1 tax withholding for interest payment 5555).

 

For yearly extensions I give my agent a 12 month statement from BBK. And my passport. Then have my picture taken at CM immigration.

 

I'm not concerned with any financial transactions. Everything is automated. I do nothing. Simply spend from "spending" account.

 

I've been very satisfied with BBK.

My mistake: 26 transactions a year . 2 a month plus 2 yearly.

3 hours ago, scubascuba3 said:

Yes it will, for Bangkok Bank in those branches enforcing it

No, it won't, but you've changed your wording now and used it to try to prove your point:

 

You said: "The measure they've introduced will stop the current agent protocol"

 

Now you've singled out BBL branches to make your point. Agents could never walk into any branch of BBL to get the job done. I can go to an agent tomorrow who will gladly organise a visa using the BBL. I don't want to go into specifics, but you can figure it out.

 

 

 

 

I am absolutely appalled by the hopeless arrogance of these banks. Vote with your feet and change the bank as those pr1kcs are just overdoing it with such racist nonsense of the finest order. 

Wondering if the top floor on 333 Silom Road with the little "Sophonpanich" name tags on the doors know about what their underlings are doing with a customer base, which holds by average considerably more money at sh1tty conditions than the average Somchai in Nakorn Nowhere ......... 

  • Author
3 hours ago, Will B Good said:

So!

 

Does anyone know (not read the thread) if anyone has fallen foul of this new rule......and if so what happened?

 

Did they lose there chance to extend their visa? Did the bank fold and issue a letter?

I was told if I did not lock up the 400k for 4 months starting the date of them giving me the required letter, they would not issue the letter needed to extend my visa.  Given the timing, I had no other choice.

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1 hour ago, Sydebolle said:

I am absolutely appalled by the hopeless arrogance of these banks. Vote with your feet and change the bank as those pr1kcs are just overdoing it with such racist nonsense of the finest order. 

Wondering if the top floor on 333 Silom Road with the little "Sophonpanich" name tags on the doors know about what their underlings are doing with a customer base, which holds by average considerably more money at sh1tty conditions than the average Somchai in Nakorn Nowhere ......... 

This is absurd, throwing in the race card... You accuse Thais of being racist, due to some new bank rules, then come out with an actual racist comment, talking about "average Somchai in Nakorn Nowhere...".

 

 

 

 

5 hours ago, LosLobo said:

You can have one fixed deposit account with multiple specified amounts maturing on different specified dates and still hold higher interest rates for all.

Withdrawals can also be made, pre-term, from any fixed deposit accounts.

5 hours ago, Muhendis said:
6 hours ago, Liverpool Lou said:

Nonsense, that would be an infinitesimal swelling of it's coffers in relation to BBL's financial standing.  Bangkok Bank does not need expat accounts as much as self-aggrandising expats like to think it does.

Well no it's not really infinitesimal when one takes the trouble to work out how many expats there are with a requirement to keep money in a bank.

Let's say there are 200,000 expats in the country with a mixture of 400k and 800k in the bank for immigration requirements.

"Let's say there are 200,000 expats..."

Why 200,000?  Why not let's say 5,000, or 3,000?   Where are you getting your stats from

4 hours ago, Liverpool Lou said:

"Let's say there are 200,000 expats..."

Why 200,000?  Why not let's say 5,000, or 3,000?   Where are you getting your stats from

And on top of that, who's to say that all of them are using banked money method?  Some will be using embassy letters, some will be using monthly transfers, some will be using agents, etc.

9 hours ago, Liverpool Lou said:

Withdrawals can also be made, pre-term, from any fixed deposit accounts.


Pretending withdrawals don’t have to void a higher fixed-term rate doesn’t make you right.

16 hours ago, Liverpool Lou said:

What is the basis for that daft assertion?

MY OPINION!!!

21 hours ago, Liquorice said:

I merely questioned whether this is an actual requirement, or just good advice, as I can find nothing in official Immigration regulations or orders to suggest such.

 

In much the same way as there is no formal requirement covering the maximum age of income confirmation letters or bank statements for instance. In practice some offices will accept them for up to a week, whilst others (e.g. Rayong) insist on them being obtained on the same day you lodge an extension application with them.

 

And on the specific account point, I am aware of one instance where my local office (Rayong) rejected an retirement extension application because the 800k was, in part, held in an account from which withdrawals were restricted.

 

So, rather than getting hung up on what official rules might (or might not) say on particular points, I would respectfully suggest that we all need to be rather more concerned about what is actually happening in practice in our local offices.

51 minutes ago, OJAS said:

So, rather than getting hung up on what official rules might (or might not) say on particular points, I would respectfully suggest that we all need to be rather more concerned about what is actually happening in practice in our local offices.

That's a slightly different take than your previous statement, it would be in violation of a specific Immigration requirement.

 

On 8/5/2025 at 10:49 PM, OJAS said:

If so, this would, of course, mean that the funds on the frozen account would then not be freely available during the 4-month period in question, in violation of a specific IMM requirement

 

We already know certain folks have signed the Bangkok ban affidavit, yet not a single report of anyone encountering an issue at their particular IO.

As I stated previously, I doubt Immigration will be overly concerned, as a bank's policy is beyond their control. Their only concern will be that you meet their requirements.

 

In light of the requirement for Bangkok bank to tighten security, I could understand such a requirement for a new account, but for most expats already holding accounts that provide a history of transactions, then that should be used to ascertain if any account could be deemed as suspicious or genuine.

Just to throw a blanket requirement across foreigner accounts is absurd and demonstrates a state of panic.

Questions:

1) Is the account "frozen" or just the 800K (if you're using a retirement extension)?

2) If it is just the 800K, and you have a regular schedule of deposits and withdrawals on top of the 800K, how will that look in your bank book? Will there be a designation in the bank book of money available for withdrawal and a separate one for money on account? If so, how will the bank book be received when you go to extend next year?

4 minutes ago, John Drake said:

1) Is the account "frozen" or just the 800K (if you're using a retirement extension)?

It's the amount held on the account at the time of requesting the letter for Immigration.
Caveat, if the amount of 800K or more is held on the account for 4 months prior to requesting the letter, then the account is not frozen.

If using a Savings account and the balance is 950K, then withdraw 145K prior, then request the letter.

If you can afford to keep the balance above 800K throughout the year, then you should deposit that 800K in a Fixed term deposit account and use the Savings account for regular transfers and spending.

 

13 minutes ago, John Drake said:

2) If it is just the 800K, and you have a regular schedule of deposits and withdrawals on top of the 800K, how will that look in your bank book? Will there be a designation in the bank book of money available for withdrawal and a separate one for money on account? If so, how will the bank book be received when you go to extend next year?

It's not specifically 800K, but the amount in the account.

If you're making regular transactions to that account, then I believe you can still withdraw anything over and above the amount frozen.

2 minutes ago, Liquorice said:

It's the amount held on the account at the time of requesting the letter for Immigration.
Caveat, if the amount of 800K or more is held on the account for 4 months prior to requesting the letter, then the account is not frozen.

If using a Savings account and the balance is 950K, then withdraw 145K prior, then request the letter.

If you can afford to keep the balance above 800K throughout the year, then you should deposit that 800K in a Fixed term deposit account and use the Savings account for regular transfers and spending.

 

It's not specifically 800K, but the amount in the account.

If you're making regular transactions to that account, then I believe you can still withdraw anything over and above the amount frozen.

 

Thanks. I use the retirement extension. I have Social Security deposited into the account where I keep 800K, and I then withdraw the SSA deposit every month, leaving the 800K intact. I went below 800K this year for the first time since 2019, because my wife needed to use 300K for a land transfer fee. It was only for a couple of days before she returned it, but it leaves me at 3 months and 18 days, instead of four months.

1 minute ago, John Drake said:

 

Thanks. I use the retirement extension. I have Social Security deposited into the account where I keep 800K, and I then withdraw the SSA deposit every month, leaving the 800K intact. I went below 800K this year for the first time since 2019, because my wife needed to use 300K for a land transfer fee. It was only for a couple of days before she returned it, but it leaves me at 3 months and 18 days, instead of four months.

For retirement extensions using the funds' method, the requirement is 800K for 2 months prior and for 3 months after the extension application.
You can then withdraw up to 400K, the remaining balance being a minium of 400K for the remaining 7 months.

 

When exactly did you withdraw the 300K, within 3 months after the extension was granted, or after the 3 months.

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