Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

What minimum balances do you keep in Thailand?

Featured Replies

  • Author
31 minutes ago, oldcpu said:

 

ok... you asked abut minimum balances in Thailand - and I preferred not to state the money I have.  Especially not on a public forum. 

 

However in regards to health care, I have excellent health insurance from Europe, that is heavily subsidized as part of my pension (my former employer pays more than 50% of the cost and the amount I pay is 'capped' at rate of 65-year old, even thou i am age-71, and further, this health insurance covers both myself and my wife).

 

Having typed that, when I applied for (and obtained) LTR visa, at that time I did not know how to get BoI to accept my European insurance, nor did I know how to get my European Insurance provider to provide an appropriately worded letter that BoI would accept for my BoI approved LTR visa Health Insurance proof.  So instead I self insured, meeting the BoI requirement of $100k US$ in a Thailand bank.  I used a Thai bank since my money outside of Thailand is in accounts where i can trade equities, so those accounts were not accepted by BoI for self health insurance. Hence instead i use an FX account in a Thai bank that has the equivalent of $100k US$.  ...

 

I previously had other plans for that money.  However so to get the LTR visa, I instead financially restructured so to use that money already in Thailand for my 'self health insurance' (for BoI LTR visa proof) and I used other funds to address what I had originally planned to use the $100k equivalent for.  

.

When I renew my LTR visa proof in a couple of years, i plan to use my European insurance so to free up the $100k US$ equivalent.  i have subsequently learned from another AseanNow forum member how to go about this (to get BoI to accept my European Health Insurance), and I am hopeful it will work.

 

None of this is helpful to me are probably anyone else

 

I'm just simply interested in what people hold for emergencies and as a monthly buffer. 

 

Thanks for your input though 

  • Replies 62
  • Views 2.3k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • MarcusAurelius
    MarcusAurelius

    Thanks. Interesting. A car in BKK ok..

  • 800K plus 12 million.

  • I have about 1,200,000 in Thai banks. I am retired and married to a Thai. I get about  50,000-55,000 month from social security and dividends from my US Exchange Traded Funds. Since I used to work in

Posted Images

  • Author
9 hours ago, crazykopite said:

includes 25 k for medical cover a

 

So, that's what? About 1M thb? Plus if not medical emergency and have a home back in the UK you can go back there for treatment yes? 

 

I was thinking like 1 to 1.25 wife really thought it should be 1.5M. I'm in pretty good health for 65 you just never know when you start getting older. It's really one thing I didn't consider. No matter how healthy you are you just don't know about cancer and other kind of random shi+

17 minutes ago, MarcusAurelius said:

 

None of this is helpful to me are probably anyone else

 

I'm just simply interested in what people hold for emergencies and as a monthly buffer. 

 

Thanks for your input though 

 

I guess the point is some people can put very little in the bank in Thailand as they have excellent health insurance.

 

And the second point is Thailand's BoI consider $100k USD equivalent the minimum adequate  self health insurance. That is an official Thai government department assessment which they enforce for any one on an LTR visa ( who can't prove health insurance to BoI satisfaction).

 

As for many others in Thailand,  .. I do not doubt for 1 second that many prefer to get by with far far less for self insurance. 

 

Perhaps your question in your original post should have been what is the bare minimum people think one should keep in a Thai bank for self health insurance, ..  as opposed to your open more general question asking everyone their approach.

 

Best wishes to you in what ever approach you adopt.

5 hours ago, CM Dad said:

Wow - 25,000 baht for tires and 30,000 baht for insurance!  I don't live in BKK, but if I did, I wouldn't even consider having a car.  My insurance - grade A - is half yours and my vehicle is quite new.  I just put new tires on my spouse's car, and they were good quality, western brand, for 12,000.  BKK has good public transport and you could rent a car to get away with your dogs on the weekends for a fraction of what you are spending to own and maintain a vehicle.  By the way, my electric bill last month for two houses that I built four years ago was less than 2,000.  Produce where I live is very good quality.  We eat Thai food about half of the time and western food the other half - mostly cooked at home.  

 

Tyre costs depends on vehicles.

I just put new treads on the wife's.... they were Bt.57,000... Stupid soccer mom SUV with 20" run flat tyres.

I keep between 200,000 to 420,000 in my Thai bank account, On Marriage visa, so maintain 400,000 for renewal, then spend half over the next 6 months, then rebuild in time for next extension. I have about 400,000 baht credit available on credit cards for health reasons. Transfer into Thailand about 40,000 baht a month for expenses via credit card, plus some one offs.

Rest of assets in UK getting more interest than in a Thai bank. About a million baht in UK accounts.

  • Author
6 hours ago, rickudon said:

I keep between 200,000 to 420,000 in my Thai bank account, On Marriage visa, so maintain 400,000 for renewal, then spend half over the next 6 months, then rebuild in time for next extension. I have about 400,000 baht credit available on credit cards for health reasons. Transfer into Thailand about 40,000 baht a month for expenses via credit card, plus some one offs.

Rest of assets in UK getting more interest than in a Thai bank. About a million baht in UK accounts.

 

Thanks

 

You're not concerned about needing emergency medical care and transferring money over when you're laid out and unable ? Additionally, sometimes I understand the bank needs a phone call to release money to accounts. 

I keep about 2 Mil THB in Thailand, Health Insurance is in USA, and they are In-Network with Bumrungrad, so cover most if no all.   Trying to get Bangkok Hospital to partner with them as well, saves me a trip to the Big Mango.

  • Author
1 hour ago, Explorator en Actione said:

I keep about 2 Mil THB in Thailand, Health Insurance is in USA, and they are In-Network with Bumrungrad, so cover most if no all.   Trying to get Bangkok Hospital to partner with them as well, saves me a trip to the Big Mango.

 

Thanks. Balance is similar to mine, but you've insurance. Hope you can hold onto it. Well done. 

 

Bangkok Hospital just smells like money burning to me... Can't put my finger on it.

  • Author
14 hours ago, oldcpu said:

 

I guess the point is some people can put very little in the bank in Thailand as they have excellent health insurance.

 

And the second point is Thailand's BoI consider $100k USD equivalent the minimum adequate  self health insurance. That is an official Thai government department assessment which they enforce for any one on an LTR visa ( who can't prove health insurance to BoI satisfaction).

 

As for many others in Thailand,  .. I do not doubt for 1 second that many prefer to get by with far far less for self insurance. 

 

Perhaps your question in your original post should have been what is the bare minimum people think one should keep in a Thai bank for self health insurance, ..  as opposed to your open more general question asking everyone their approach.

 

Best wishes to you in what ever approach you adopt.

 

Thanks. I'm actually interested in both. The bare minimum people hold and what they actually see as adequate. The information about Thai government potential requirement is news to me and I thank you for that. I'm on marriage extension

 

Another issue is banks only insure to 1M and the interesting is lower than most countries these days. No incentive to keep money here and 3M sitting doing nothing is a lot of money for most retirees in Thailand 

 

I think there's a tipping point with enforcement and banking when the vast majority are heading for other countries tbh. 

  • Popular Post
2 hours ago, MarcusAurelius said:

You're not concerned about needing emergency medical care and transferring money over when you're laid out and unable ? Additionally, sometimes I understand the bank needs a phone call to release money to accounts. 

I use my CC to pay most of my expenses including hospital bills. I have several CCs with a total credit line of ~ 7MM baht. I don't see the need to keep large amounts of money in Thailand for medical emergencies. I also have my company retiree medical coverage and a Thai catastrophic medical policy. I can easily wire large amounts of money to Thailand within 24 hours if needed. We keep 1MM in wife's bank acct just in case she would need money until she can get her inheritance. And, she has a CC with a 1MM credit limit. I'm on a LTR-WP visa so I don't need to keep extension money here anymore. Have a good day!

11 minutes ago, JohnnyBD said:

I use my CC to pay most of my expenses including hospital bills. I have several CCs with a total credit line of ~ 7MM baht. I don't see the need to keep large amounts of money in Thailand for medical emergencies. I also have my company retiree medical coverage and a Thai catastrophic medical policy. I can easily wire large amounts of money to Thailand within 24 hours if needed. We keep 1MM in wife's bank acct just in case she would need money until she can get her inheritance. And, she has a CC with a 1MM credit limit. I'm on a LTR-WP visa so I don't need to keep extension money here anymore. Have a good day!

 

Why I never had healthcare insurance, as same, always had lines of credit to cover emergencies.   Thankfully, never needed.  Only used for investing. 

 

Really strange now, as past 35+ years, don't have 1 credit card.   If we traveled somewhere, the wife would probably have to rent the car, as I think mandatory now to have one :cheesy:

20 hours ago, MarcusAurelius said:

 

Thanks. Very interesting. In the app is your home country Thailand? I'm guessing not. 

 

Would you happen to know if there Is there any problem with holding what you do as you do Your home country is Thailand?

 

I wanted to know more about wise what forum would you suggest that I post to? Thank you

I live here in Thailand for 24 years,  I set the Wise app up in Thailand but used my UK address .

The option to invest into Wise interest or Wise Stocks is all available on the Wise app , the reason I keep my GBP in Wise interest abd Wise Stocks is because its all classed as Capital Gains ( even the interest as its invested in bonds) therefore not liable to UK tax as I live outside the UK and therefore not liable for CGT on Stocks or bonds .

 

22 hours ago, Brick Top said:

Yes , 3.75% in a GPB current account,  it was 4% a few months ago , is keep £200,000 in my Wise GBP account and £750k in the Wise Stocks account,  that earns around 12% to 13% PA on average,  it goes into there Blackrock I Shares MSCI index fund , can easily transfer funds from the Stocks to the GBP current account in seconds 

Does the laughing emoji indicate your a complete F×××ing  idiot who's knows absolutely nothing about Wise Stocks and Wise interest which is classed as Bonds to save CGT , i expect your probably a potless Pattaya piss head !

Screenshot_20251122_142909_Gallery.jpg

Equal balances - Ying and Yang - left-hand, right-hand

You know = scales and weights; balanced decisions and compromises?

 

What are you talking about?

And why do you need to know?

Are you the 'balance-police'?

Are you qualified to comment or judge people's 'balances'?

On 11/20/2025 at 8:42 AM, howerde said:

 

Not Quite new, full time 6 years but came 3 or 4 times a year since 1980s had a decent job in UK not loaded compared to my peers, You are correct about local food, never liked it excess salt/sugar fried in the cheapest oil over and over, i find a lot of the produce of poor quality, so cook most of my own. yes most of it imported.

Just put new tyres on my car 25 000 baht, my car insurance 30 000 baht, a back up health insurance plan 120 000 baht( as unless you have health insurance or carry cash you will not be admitted into a non governement hospital) last electric bill 5500 baht, and most weekends get away with the dogs, so yes a good quality of life, but not a life of 5 star luxury

3000€ a month on spending money is a lot, even in France. 

  • Author
18 hours ago, Bundooman said:

Equal balances - Ying and Yang - left-hand, right-hand

You know = scales and weights; balanced decisions and compromises?

 

What are you talking about?

And why do you need to know?

Are you the 'balance-police'?

Are you qualified to comment or judge people's 'balances'?

 

I'm not making any judgements

 

I'm interested to compare what I've put away and how other expats see it. 

 

If you don't want to participate that's fine. <deleted> off with your attitude, assertions and annoying questions 

Interesting thread.  I haven’t retired yet and won’t be moving to Thailand until early 2027 but my wife is there.  
 

We are in the process of selling a small condo in Bangkok and will net around 5m for it, and I’ve been wondering about the merits of bringing it back to the U.K. or leaving it in situ 

 

im leaning toward the latter  - stick it somewhere safe and have it there as liquid funds for when I arrive and to double as health insurance.  managed properly it could be our living funds for 4-5 years. 
 

we have a couple of properties in Jomtien, one of which will be the retirement home and a place nearby which is generating 50-60k a month rental income. 

The bulk of my cash - cash from a future sale of my house in the U.K. and a decent pension fund - will remain in the U.K. though, at least while I’m hale and hearty.  I have wills etc in place but if I feel I’m slipping away I’ll bring a sizeable chunk over to make sure the missus will be ok. 

 

  • Author
3 hours ago, Larkin said:

Interesting thread.  I haven’t retired yet and won’t be moving to Thailand until early 2027 but my wife is there.  
 

We are in the process of selling a small condo in Bangkok and will net around 5m for it, and I’ve been wondering about the merits of bringing it back to the U.K. or leaving it in situ 

 

im leaning toward the latter  - stick it somewhere safe and have it there as liquid funds for when I arrive and to double as health insurance.  managed properly it could be our living funds for 4-5 years. 
 

we have a couple of properties in Jomtien, one of which will be the retirement home and a place nearby which is generating 50-60k a month rental income. 

The bulk of my cash - cash from a future sale of my house in the U.K. and a decent pension fund - will remain in the U.K. though, at least while I’m hale and hearty.  I have wills etc in place but if I feel I’m slipping away I’ll bring a sizeable chunk over to make sure the missus will be ok. 

 

 

Sounds like you've got nothing here. Cash flow from condos? After sale I'd just park half depending on your insurance situation and spend down the rest. You're just going to bring it back over again. 

 

I'm certainly no financial advisor but I'd warn about excess cash here for many reasons. 

 

As I get older I'll have more cash and assets here. I'd ideally want to have it all here when I go.. hopefully that's some time away. 

 

Im also of the suspicion it's going to become increasingly more onerous to move money if not already 

 

Thanks for your input 

6 hours ago, Larkin said:

We are in the process of selling a small condo in Bangkok and will net around 5m for it, and I’ve been wondering about the merits of bringing it back to the U.K. or leaving it in situ 

 

 

If you leave it 'in situ' have you decided what currency?   While the British pound has recovered a LOT from ~6 years ago, and while I note the Thai Baht is still relatively strong vs the British pound, ... I also note in general the pound is on a slow upward recovery trend the past 6-years vs the Thai baht.   If you think the British pound will slowly continue to go up (vs Thai baht) you could consider converting such to British Pounds.  In that case thou, theThai banks in an FX account in Thailand may yield no interest on such, ...  which may then have you thinking you wish to repatriate the money and obtain better interest than what you can get in Thailand.  ... and you could also consider other currencies,  such as the US$ where Thai baht is relatively strong vs US$ (and hence maybe buy US$ now, if you can find an interest bearing account for US$). Buying US$ now if one is speculating US$ will go up vs the Thai Baht.

 

And of course, you may think of different /other investments with that money.

 

Lots to consider and these things are not always so straight forward.

 

Best wishes.

  • Author
9 hours ago, oldcpu said:

what currency?

 

With Thai economy in downward spiral numerous calls from economic heads in Thailand for a weakening of THB. One article from Post which we cannot post here. Whether anyone will listen and how that might come about is anyone's guess. 

 

The election looks like it's going to be another mess which means the aftermath a mess which means limbo as far as the eye can see.

 

One thing Thai Examiner mentioned was demand by Chinese mafia on THB has driven the currency higher. It's still very strong I think gaining 7% this year. 

 

As aside Anutin indirectly trashed the US trade agreement via killing the peace deal and that has all the serious minded Thai folks concerned, neigh panicked. 

2 hours ago, MarcusAurelius said:

The election looks like it's going to be another mess which means the aftermath a mess which means limbo as far as the eye can see.

 

One thing Thai Examiner mentioned was demand by Chinese mafia on THB has driven the currency higher. It's still very strong I think gaining 7% this year. 

 

These things are difficult to predict.

 

In general, the consensus is that markets, all markets (including Forex markets for specific currencies) dislike uncertainty.

 

A Thai election means uncertainty until it is known what party (with what policies) will come to power.  One might thus speculate this means an upcoming weakness in the Thai baht until the election (or until a short time after, depending on any election outcome).

 

Which could mean using Thai baht now to buy some foreign currency.  Try to pick the currency with the most likely upside (and perhaps also with the most interest possible in some TBD country).

 

All easier said than done. 

 

Best wishes to everyone in how you structure your investments.  

  • Author
6 hours ago, oldcpu said:

 

These things are difficult to predict.

 

In general, the consensus is that markets, all markets (including Forex markets for specific currencies) dislike uncertainty.

 

A Thai election means uncertainty until it is known what party (with what policies) will come to power.  One might thus speculate this means an upcoming weakness in the Thai baht until the election (or until a short time after, depending on any election outcome).

 

Which could mean using Thai baht now to buy some foreign currency.  Try to pick the currency with the most likely upside (and perhaps also with the most interest possible in some TBD country).

 

All easier said than done. 

 

Best wishes to everyone in how you structure your investments.  

 

I've stopped trying to predict the direction of THB on news - even financial news. As for the election... what about any Thai election provides any level of certainty? Not just the last five, but the last ten, twenty five .. we've not had certainty and stability since Taksin and he was ironically coup-ed in 06. I guess Abahsit? Silparcha 90s?? Things get murky and militarized before that... but I digress. 😂

  • Popular Post
On 11/23/2025 at 4:16 PM, oldcpu said:

 

If you leave it 'in situ' have you decided what currency?   While the British pound has recovered a LOT from ~6 years ago, and while I note the Thai Baht is still relatively strong vs the British pound, ... I also note in general the pound is on a slow upward recovery trend the past 6-years vs the Thai baht.   If you think the British pound will slowly continue to go up (vs Thai baht) you could consider converting such to British Pounds.  In that case thou, theThai banks in an FX account in Thailand may yield no interest on such, ...  which may then have you thinking you wish to repatriate the money and obtain better interest than what you can get in Thailand.  ... and you could also consider other currencies,  such as the US$ where Thai baht is relatively strong vs US$ (and hence maybe buy US$ now, if you can find an interest bearing account for US$). Buying US$ now if one is speculating US$ will go up vs the Thai Baht.

 

And of course, you may think of different /other investments with that money.

 

Lots to consider and these things are not always so straight forward.

 

Best wishes.

 

I'm leaving it in Baht and I'm leaving it in Thailand. While it's a decent wedge of cash it's not a major part of my retirement funds, it's really not worth shipping back to the UK now only to send it back when i retire, hopefully a year or two hence.   I like the idea of keeping it there for a couple of reasons.  

 

Firstly, it will be useful to have for a variety of reasons when i do retire.  Not only would it be there for visa purposes, but it's also good to have a few years living expenses on hand and easily accessible.  Plus of course there is the benefit of having it for medical issues, should they be needed.  An added bonus is that it means my pension funds and ISAs can remain invested for a few years longer.

 

More importantly, is that it's money easily accessible to my wife, should anything happen to me before i retire.   I've seen too many situations where husbands have put their wives as benefactors in wills, only for probate etc to take a long time.  A friend recently died in Jomtien; his wife is seriously struggling at the moment because the wills are being challenged by relatives in the UK, and even should she succeed, it will take months or longer to get a payout.

 

This relieves her - and me - of that worry.

  • Author
3 minutes ago, Larkin said:

 

I'm leaving it in Baht and I'm leaving it in Thailand. While it's a decent wedge of cash it's not a major part of my retirement funds, it's really not worth shipping back to the UK now only to send it back when i retire, hopefully a year or two hence.   I like the idea of keeping it there for a couple of reasons.  

 

Firstly, it will be useful to have for a variety of reasons when i do retire.  Not only would it be there for visa purposes, but it's also good to have a few years living expenses on hand and easily accessible.  Plus of course there is the benefit of having it for medical issues, should they be needed.  An added bonus is that it means my pension funds and ISAs can remain invested for a few years longer.

 

More importantly, is that it's money easily accessible to my wife, should anything happen to me before i retire.   I've seen too many situations where husbands have put their wives as benefactors in wills, only for probate etc to take a long time.  A friend recently died in Jomtien; his wife is seriously struggling at the moment because the wills are being challenged by relatives in the UK, and even should she succeed, it will take months or longer to get a payout.

 

This relieves her - and me - of that worry.

 

Wise move all directions 👍

 

When I start to seriously age especially if and when I become ill I'm going to see that my funds are all over here for my wife. 

 

I have no descendants and not worried about that but it's avoiding a tangle 

18 minutes ago, MarcusAurelius said:

 

Wise move all directions 👍

 

When I start to seriously age especially if and when I become ill I'm going to see that my funds are all over here for my wife. 

 

I have no descendants and not worried about that but it's avoiding a tangle 

A friend died recently here, even if you have a Thai Will it still goes to court.

5 minutes ago, Jumbo1968 said:

A friend died recently here, even if you have a Thai Will it still goes to court.

Probate exists. For good reason or not depends on the living, not the dead.

  • Author
5 minutes ago, Jumbo1968 said:

A friend died recently here, even if you have a Thai Will it still goes to court.

 

Thanks. I've written the will. The amphor says that they will accept it and have provided me with some simple instructions. 

 

I need to pull some instructions together how to navigate all that nonsense for my wife. I've no clue. 

 

I'm planning on having all my assets in Thailand and in my bank easy to access and transferring everything in my last year, months days whatever. That's the plan lol

 

Sorry about your friend -

7 minutes ago, Jumbo1968 said:

A friend died recently here, even if you have a Thai Will it still goes to court.

 

Of course.  And likely for all the right reasons.

 

I think my point was that it's prudent to make sure your loved one(s) have the means to support themselves and have access to cash locally while overseas assets are being sorted following your death.

 

The poor woman I referred to below is not financially savvy, and her husband has rather left her in straightened circumstances. They were together 15 years and she lived in a nice house with him (owned by him via company structure, which further complicates it), and of course took his word that everything was in order. Now it seems there are kids and even ex wives coming out the woodwork back in the UK, smelling cash, and she is reduced to borrowing from friends.

 

We have a moral responsibility to make sure our people are looked after properly.

  • Author
10 hours ago, Larkin said:

 

Of course.  And likely for all the right reasons.

 

I think my point was that it's prudent to make sure your loved one(s) have the means to support themselves and have access to cash locally while overseas assets are being sorted following your death.

 

The poor woman I referred to below is not financially savvy, and her husband has rather left her in straightened circumstances. They were together 15 years and she lived in a nice house with him (owned by him via company structure, which further complicates it), and of course took his word that everything was in order. Now it seems there are kids and even ex wives coming out the woodwork back in the UK, smelling cash, and she is reduced to borrowing from friends.

 

We have a moral responsibility to make sure our people are looked after properly.

 

Everything probably was in order, too much so. The home surely could have been given to her prior to his death.

 

The minute people die the knives come out. People revert to animal nature. Trusts are the worst. I can definitely see ex wives trying to get in, but no one knew this lady. She's just a *that foreign prostitute in Thailand that wants Bob's money*. Some not even more cynical and willing sue bc they simply can

 

The longer I'm abroad the more people not living abroad just seem like strangers and aliens. We are so very different. 

 

TBH I've never known anyone here that didn't get shafted on inheritance back in home country including myself.

 

Anyway, let's not change direction of the thread.

A few notes about my current situation here. 

I carry  Pacific Cross health insurance, continue to pay Medicare Part B, and have a long term insurance policy - why so much insurance? I don't want to live here without my wife. should she go before me or we divorce so can easily return to my home country.

 

Our living expenses are covered mostly by my US Social security benefit ~65k ThB paid into my BBK account. My wife will collect a similar amount as a survivor after I die so I don't need to worry about what I leave her.

 

Main US assets are a Roth IRA and a brokerage account, both of which have her as sole primary beneficiary which removes them the need for probate.

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.