goverment saving bank

[salavan]

just opened an account with the GSB no problem but they did want to know my address in the uk , just wondered if other banks require

this inrormation and what could be the reason

[technologybytes]

I'd guess its so they can contact you if you leave Thailand.

[tinhead]

Krungsri asked the same of me today. Told them haven't been home for a few years. Guy shrugged and didn't ask again.

[kkup]

Bangkok bank never asked me, just after Thai address.

[KhunAussie52]

Krung Thai has never asked!

[Jonmarleesco]

Quite possibly down to ever more stringent money laundering requirements. The UK's tax avoidance 'FATCA' legislation might also be a factor.

[The Deerhunter]

Nor Sri Ayutthaya (Yellow bank) Could be money laundering stuff. That is getting big all over the world now.

[dabhand]

SCB asked me the same a few months back. I was doing a six figure transfer from my SCB account (opened about 15 years ago) to another Thai bank.

I explained that I had no UK 'home' address, was on a retirement visa and only had a Thai address. Nope, still needed to have a 'home' address. Even speaking to a supervisor brought out the same response - the form asked for a 'home' address so that's what they needed from me.

Anyway, no big deal, just gave them an old UK address and they completed the transaction. They just needed an address, any address, so that the form could be completed.

Edited April 22, 2015 by dabhand

[scooterboy]

^Same experience for me, too - though with GSB. They insisted on an address, even though I haven't lived back home for decades. In the end I gave them a superficial address, which they couldn't correctly put on their computer - and I was informed that their postcode field only accepted Thai postcodes...

Oh yes, they said that any foreigner with over 2M in the bank was required to give an address in their home country - but the bank didn't know why an address was required or what it might be used for, they were just following some new orders.......

Edited April 22, 2015 by scooterboy

[catman20]

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SCB asked me the same a few months back. I was doing a six figure transfer from my SCB account (opened about 15 years ago) to another Thai bank.

I explained that I had no UK 'home' address, was on a retirement visa and only had a Thai address. Nope, still needed to have a 'home' address. Even speaking to a supervisor brought out the same response - the form asked for a 'home' address so that's what they needed from me.

Anyway, no big deal, just gave them an old UK address and they completed the transaction. They just needed an address, any address, so that the form could be completed.

I had the same problem with Bangkok bank a few weeks ago

[louse1953]

SCB asked me the same a few months back. I was doing a six figure transfer from my SCB account (opened about 15 years ago) to another Thai bank.

I explained that I had no UK 'home' address, was on a retirement visa and only had a Thai address. Nope, still needed to have a 'home' address. Even speaking to a supervisor brought out the same response - the form asked for a 'home' address so that's what they needed from me.

Anyway, no big deal, just gave them an old UK address and they completed the transaction. They just needed an address, any address, so that the form could be completed.

10 Downing St or Bucchingham Palace!!

[mango66]

what you fear ? if all is legal what you do ?

And anyway they take a copy of your passport !