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Bank account frozen

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This morning I received a message from my Thai bank to visit my branch with my identification. Then I found out that I am unable to transfer funds from this bank account. I visited my branch and updated all my personal details just 2 months and a half ago. Probably, it has something to do with 800 k retirement visa requirement. Now I have 780 k baht in my account. Please, advise, thanks

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  • This is why people use an agent. No money that can be confiscated.

  • You can't catch a break can you? First jail. Now this?   What did you do in your previous life?

  • Who's fault is that? If you are living 1400k from you bank, it is time to open a local account.

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You can't catch a break can you? First jail. Now this?

 

What did you do in your previous life?

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8 minutes ago, Hellfire said:

Now I have 780 k baht in my account. Please, advise, thanks

 

Depositing 20k might be an idea

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This is why people use an agent. No money that can be confiscated.

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5 minutes ago, Cameroni said:

This is why people use an agent. No money that can be confiscated.

Yes, should have used an agent. Do not think the money can be confiscated but losing (even temporarily) access to your own money is an unpleasant experience.

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26 minutes ago, Hellfire said:

Probably, it has something to do with 800 k retirement visa requirement. Now I have 780 k baht in my account.

Which bank? 

When did you last obtain 12month extension? 

"Unable to transfer funds "? Can you withdraw money? 

What did bank say... Surely you have been to bank prior to posting thread

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5 minutes ago, Cameroni said:

This is why people use an agent. No money that can be confiscated.

Apart from the (hefty) annual agent's fee !

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Just now, Jim Blue said:

Apart from the (hefty) annual agent's fee !

 

Well, there's that, the 1000 USD outlay initially, but it does go down 300 after the first one.

 

Anyway, let's focus on how we can help Hellfire. This is not a good situation to be in.

  • Author
14 minutes ago, DrJack54 said:

Which bank? 

When did you last obtain 12month extension? 

"Unable to transfer funds "? Can you withdraw money? 

What did bank say... Surely you have been to bank prior to posting thread

Bangkok Bank. My last extension was obtained in the first week of June this year. I am not in Pattaya right now (quite far from it). I called to my branch. They did not even ask for my account number. In a very bad English I was told that foreigners should visit the bank and that it is Visa related. Again - they did not try to identify me on the phone. Then I asked if I can go to the local branch (not in Pattaya) and they told me that I can. I will go to the bank in an hour or two. 

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37 minutes ago, Hellfire said:

This morning I received a message from my Thai bank to visit my branch with my identification......Please, advise, thanks

If it was me I would "visit my branch with my identification".

  • Author

Whenever I try to initiate a transfer I get a message that the recipient’s account is invalid, which is definitely not the case. I tried a couple of accounts which are perfectly functional. I did not try to withdraw with ATM card but on the phone before it was mentioned that I will not be able to withdraw through it too.

2 minutes ago, Hellfire said:

Whenever I try to initiate a transfer I get a message that the recipient’s account is invalid, which is definitely not the case. I tried a couple of accounts which are perfectly functional. I did not try to withdraw with ATM card but on the phone before it was mentioned that I will not be able to withdraw through it too.

 

Did you go to a branch with your identification? It seems like that would solve this.

  • Author
3 minutes ago, Ohyesuare said:

 

Did you go to a branch with your identification? It seems like that would solve this.

I cannot go to my branch since I am not in Pattaya atm. Will go to the local branch now.

1 hour ago, Hellfire said:

This morning I received a message from my Thai bank to visit my branch with my identification. Then I found out that I am unable to transfer funds from this bank account. I visited my branch and updated all my personal details just 2 months and a half ago. Probably, it has something to do with 800 k retirement visa requirement. Now I have 780 k baht in my account. Please, advise, thanks

The reason seems to be you went below the 800k requirement before the 4? months were up, so as suggested above put 20k+ in but maybe too late, will unfreeze at a later date, also they may require other info like sim registration

1 hour ago, Hellfire said:

Bangkok Bank. My last extension was obtained in the first week of June this year. I am not in Pattaya right now (quite far from it). I called to my branch. They did not even ask for my account number. In a very bad English I was told that foreigners should visit the bank and that it is Visa related. Again - they did not try to identify me on the phone. Then I asked if I can go to the local branch (not in Pattaya) and they told me that I can. I will go to the bank in an hour or two. 

Had a feeling it might be. Following as also a customer, for the moment. Did you sign anything new last time you were at the branch?

  • Author
6 minutes ago, Jay88 said:

Had a feeling it might be. Following as also a customer, for the moment. Did you sign anything new last time you were at the branch?

I think I did sign some new papers one month ago when I visited my branch to verify my simcard ownership.

  • Author

Well, better don’t keep your money in the bank. It is not your money anymore. I could not understand why they locked my money. Some “new policy” for ALL foreigners. Have to wait at least 12 days.Have to provide rental agreement (why again?). 

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6 minutes ago, Hellfire said:

I could not understand why they locked my money. Some “new policy” for ALL foreigners. 

So what's all that mean. 

You have been to bank and asked for explanation? 

You are not in Pattaya (home branch) 

Did you present your Bank Book to branch where you are? 

What happens when you try and use ATM? 

1 hour ago, Hellfire said:

I think I did sign some new papers one month ago when I visited my branch to verify my simcard ownership.

The Bangkok Bank rule around having the 800K in your account for 4 months only came into force on the 30th June so if you did your extension before then it wouldn't apply to you. 

 

If you did your extension after 29th June, had you had the 800K in your account for at least 4 months? If not then it's likely they would have had you sign a form to put a block on the money for 4 months, but if this was the case you wouldn't have been able to spend below the 800K without going into a branch and arguing your case.   

  • Author
12 minutes ago, DrJack54 said:

So what's all that mean. 

You have been to bank and asked for explanation? 

You are not in Pattaya (home branch) 

Did you present your Bank Book to branch where you are? 

What happens when you try and use ATM? 

ATM locked. The only explanation - a new policy. And somehow ot is related to all foreigners. No other details (not sure the woman new any additional details). Now I was sent to bring a rental agreement from my home. I did not violate any rules, anything. Was at my branch just a month ago, there were any issues regarding my account.

  • Author
14 minutes ago, SamSpade said:

The Bangkok Bank rule around having the 800K in your account for 4 months only came into force on the 30th June so if you did your extension before then it wouldn't apply to you. 

 

If you did your extension after 29th June, had you had the 800K in your account for at least 4 months? If not then it's likely they would have had you sign a form to put a block on the money for 4 months, but if this was the case you wouldn't have been able to spend below the 800K without going into a branch and arguing your case.   

I made the extension in the beginning of June. Also I had a balance of 1 mln baht in this account for a period of 1 year prior to that. Looks like it is related to some new foreigner’s bank accounts scrutiny, not to a visa requirements.

16 minutes ago, Hellfire said:

I did not violate any rules,

Yes you did, the new 4 month rule

  • Author
3 minutes ago, scubascuba3 said:

Yes you did, the new 4 month rule

As mentioned before - this rule was enforced AFTER I got my extension.

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6 minutes ago, scubascuba3 said:

Yes you did, the new 4 month rule

There is no new 4 month rule for banks. Its the Bangkok bank's interpretation and a method to lock up money for their use. 

3 hours ago, Cameroni said:

This is why people use an agent. No money that can be confiscated.

 

KhunLa has been very outspoken, and has advised about the risks involved using agents.

Therefore, there is that.

 

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