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

[Anthony5]

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

Edited October 31, 2016 by Anthony5

[peeba7]

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 

[chiang mai]

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!

[peeba7]

No drama, all factual.

[colinchaffers]

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?


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[chiang mai]

6 hours ago, colinchaffers said:

 

Who are the top five banks?


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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.

 

[Bulldozer Dawn]

On 12/28/2016 at 8:12 PM, colinchaffers said:

 

Who are the top five banks?


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The following link provides a full list of all Thai banks in order of their asset value:

 

Full List of Thai Banks