This was my query to Gemini AI: why did bangkok bank stop issuing phony deposit accounts for retirement extension of stay Gemini said The shift in Bangkok Bank's policy regarding the documentation and management of retirement funds is part of a broader, nationwide crackdown on "agent workarounds" and "mule accounts." Essentially, for many years, certain visa agents were using a "rent-the-money" service where they would temporarily deposit 800,000 THB into a client's account, obtain the bank letter for immigration, and then immediately withdraw the funds. Bangkok Bank has introduced several mechanical hurdles to make this nearly impossible. Targeting "Rent-the-Money" Scams: Immigration and the banks identified that many retirees did not actually possess the required 800,000 THB. By forcing the money to be "locked," the bank ensures the funds are genuine and not just a 24-hour loan from an agent. Liability Protection: Banks are legally liable if they are found to be facilitating document forgery or misrepresenting a client's financial status to a government agency like the Immigration Bureau.
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