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How safe/risky is money in the bank, 800k CD, etc.

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4 minutes ago, peeba7 said:

I asked about dormant accounts as I have been told by farang that after one year of inactivity you can lose all your money. 

 

 

You have been told wrong, unless 499 Baht is all your money, and I think even that takes many years before it's eaten by the fees

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One more Thailand 'note' the lady at my home branch, on the  phone, manged to blame me for two accounting errors made in my passbook before ending the call!  I bit my tongue. TIT 

34 minutes ago, peeba7 said:

One more Thailand 'note' the lady at my home branch, on the  phone, manged to blame me for two accounting errors made in my passbook before ending the call!  I bit my tongue. TIT 

 

You seem to have so many drama's and issues with your bank accounts in Thailand Peeba7 I wonder if you should even be here in the first place, and if yes,  perhaps you should just keep your money under your mattress!

  • 1 month later...
For savings in Thailand stick to the big 5 banks.They went through the 1997 debacle with only a scratch.
I had money with 3 of them
Your money up to 1mil per account is possibly as safe as any bank in the world.
 


Who are the top five banks?


Sent from my iPad using Thaivisa Connect
6 hours ago, colinchaffers said:

 


Who are the top five banks?


Sent from my iPad using Thaivisa Connect

 

 

Bangkok Bank, Kasikorn, Siam Commercial Bank, Krung Thai, TMB - but I would also add Bank of Ayudyah (sic), also since it was acquired by Bank Tokio Mitsubishi.

 

And from a safety standpoint, UOB is safer than any of the above albeit is not a Thai bank, is Singaporean.

 

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