Where would you put your money if?

[laislica]

If you were to leave Thailand at the end of April and return end November.

Had 2 mill in different accounts with Kassikorn

i mill in a recurring 3 mth fixed account

1 mill in a straight savings account, last used as proof of funds....

Would need to have 800,000 Baht fixed for 90 days and available for proof of funds from mid December.

What to do?

Thamks

[Rimmer]

Moved to banking forum

[laislica]

Moved to banking forum

Actually, I did try to find a banking forum but failed.

Please help me by showing the

Search root

and

the search phrase

Like what I should enter and from where.

Cheers

[lovelomsak]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

[laislica]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

[lovelomsak]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

[uthaithanirules]

I think he just wants to brag

[laislica]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

What other crap?

[laislica]

I think he just wants to brag

Thank you

a really helpful and positive post.

Have a nice day

Cupit Stu.. t

Sorry, you may be too young to understand Spoonerisms?

[lovelomsak]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

What other crap?

this other crapI old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

[laislica]

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

What other crap?

this other crapI old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

OK, I'll feed the troll

and your point is?

Edited March 26, 2016 by laislica

[TheCruncher]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

Maybe the OP should be more concerned where to put his wife for those months.

[KittenKong]

Read the Bank Interest Rates topic pinned at the top of this forum.

http://www.thaivisa.com/forum/topic/560837-bank-savings-interest-rates/

[JMWPACIFIC]

I'd put your 1 million that's in the straight savings account into a Time Deposit for the longest period possible and use it for Immigration purposes. Ex. Bangkok Bank usually offers 3, 5, 7, 10 month TD's. I do the longest and use it for Immigration because, IMO, rates will continue to go down for the next year or 2.

[meatboy]

fixed acc.for 7+months have a bit of interest when you come back if that bothers you give it to father ray at the pattaya orphanage.

[fletchsmile]

In your shoes I'd consider splitting the 2 million across 2 different banks.

From August 2016 it's legislated under the deposit protection act (DPA) that the guarantee from the government on your Thai deposit may drop from 25 mn to 1 mn per person per bank.

So if you have it all with Kasikorn your 2 million will be above the threshold if it comes in. In the event Kasikorn collapsed after August you could lose half your money.

The reduction may not happen in August. It may be postponed or may be reduced to 10 mn guarantee. Also the probability of Kasikorn going bust is also low. But these things do happen

So as you'll be out of the country when a decision is taken I'd sort it sort it now while you're here and it's easier. Also set yourself up with internet banking before you go as well if you don't have already. I'd also prefer not to have a fixed deposit while out of the country for several months if you only have 2 mn total. Something may happen where you want to get access and breaking fixed deposits while out of the country is difficult as they often require you to be there in person.

Have a look at the thread on interest rates for decent accounts. TMB no fixed, Stan Chart eSaver, BAY's mee tae dee have been consistently good over the years, and for each there is no notice period.

Cheers

Fletch

Edited March 27, 2016 by fletchsmile

[CharlieH]

Moved to banking forum

Actually, I did try to find a banking forum but failed.

Please help me by showing the

Search root

and

the search phrase

Like what I should enter and from where.

Cheers

Select : Forums

Business in Thailand, Jobs in Thailand, Insurance

Then select:

Jobs, economy, banking, business, investments

[55Jay]

<snip In your shoes I'd consider splitting the 2 million across 2 different banks.

From August 2016 it's legislated under the deposit protection act (DPA) that the guarantee from the government on your Thai deposit may drop from 25 mn to 1 mn per person per bank.<snip>

I had forgotten about that, thanks for the reminder.

[kannot]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

why not get extension based on marriage to have to only keep 400k in the bank?

[chicowoodduck]

First off I never have but a few baht in my Thai bank account.....everything is planted overseas and for good reason....I have complete control of it.....and NOBODY in Lieland does.....end of story....?

[ozyjon]

If you were to leave Thailand and

had 2 mill in different bank accounts

I would not tell anyone about it,

some have been killed for less,

you are a very rich man, are you

hansum also...

[1FinickyOne]

I think the fact that you are leaving has little to do with it - invest your money where and how you are most comfortable with it... I think you may have issues of cashing it out for another currency to take out of Thailand if that is your concern. You will also lose on the exchanges out and then back in again.

Any money that I bring here is with the understanding that it will stay here -

Unless, you need the $$ for your travel, best to leave it here in whatever investment you are comfortable with - bank is ok too...

[colinneil]

Where to put your money while you are not in Thailand?

I can send you my bank details, then send it to me, i will take very good care of it.

[Inquisitorial]

Last time we were in Kasikorn Bank they tried to get us to invest in a Life Insurance Co (that they own large percentage of)- but you do need to lock away for I think 5 years minimum and you get around 4%. The interest is paid into your KK bank annually and its tax free. Plus I think it comes with some life insurance.

Maybe worth looking into as an alternative.

[smotherb]

I think he just wants to brag

Bragging about what; being old and having a woman who cannot support herself, or he bought his woman some property and has $57k left, but needs almost half of it every year to stay in Thailand because his pension isn't enough for the income method?

I think he sounds like a nice old guy with limited means who wants to make sure his woman is taken care of after he is gone.

[smotherb]

Where to put your money while you are not in Thailand?

I can send you my bank details, then send it to me, i will take very good care of it.

Want a picture of his woman too?

[bark]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

What other crap?

Just an old Troll with nothing to do. Maybe look after your wife( sexually ) who is 20 years younger then you; before she go to your neighbors,

house for fresher vanilla ice cream.

[wombat1943]

I think he just wants to brag

Thank you

a really helpful and positive post.

Have a nice day

Cupit Stu.. t

Sorry, you may be too young to understand Spoonerisms?

In my childhood (a long time ago, before the PC brigade gained control of the world) there was on UK TV a male comedian who dressed in female clothes and called him(her)self "Cupid Stunt.) I think everyone got the message . . . . . !

[gandalf12]

I think he just wants to brag

About 2 million Baht? Really?

[laislica]

Just leave it there it will still be in the bank when you return. I have had over a million in one account since 2007 not even interest cannot be bothered paying the tax on interest. Its still there donot understand the problem.

Yep, got it, but....

I old Guy, wife 20 years younger,

maybe should do something to get best returns for her?

Pension goes to ground with me , bugga!

I've already set stuff up so she has capital in Thailand (land)

and two properties, she will hopefully still have a good life without me as her sole supporter.

Money in the bank - who to trust?

Gold?

It is a universal currency?

I am old guy too with wife 20 years younger.

Your post was about what do to with money already in the bank,for a short time well you are out of the country. .What does all this other crap have to do with your post?

Maybe the OP should be more concerned where to put his wife for those months.

Perhaps the OP takes his wife with him?

She has a Spanish Foreigners ID!