Uob Bank

[chonburi12]

Has anyone used this bank for personal loans / deposit accounts etc? If so, would you recommend this as a good bank? What would you say its major strengths are compared to the other banking institutions?

[givenall]

I have to use the bank because direct deposits form my work. Bur they will be m last choose. They are not convenient to us and they want 50,000 to open an account although you can turn around and withdraw your money

[fletchsmile]

I used to have a Bank of Asia Bank account. They were bought out by ABN, and then eventually UOB, so I inherited the account by default.

I closed it a year or so back, as I found the rates, products and services in Thailand generally poor, and they have less branches than the main Thai banks so less convenience.

For positives, the Singapore UOB and head office is much better run. It may be convenient if you have Singapore accounts and want some link between service there and in Thailand. Eventually they'll bring UOB Thailand up to scratch, and more in line with its arguably well run regional banking brand. Financially it gives extra comfort from a (credit) risk point of view to know that there is a Singaporean parent bank, plus the Monetary Authority of Singapore regulator (MAS) will have an interest in how the Thai entity is managed from a risk and compliance view, as well as the loal BOT regulator.

[london]

I use UOB out of Thailand and they are excellent.

Would recommend them 100%.

Have also used their branch at Paragon and found them to be helpful.