Money in thai banks

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Money in thai banks


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Old 10th March 2020, 08:14 AM
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Users Flag! Originally from uk. Users Flag! Expat in thailand.
Default Money in thai banks

We have been wintering in Thailand for the last 12years with a retirement visa, 'jumped through all the hoops' including queuing at Chiang Mai Immigration at 6am in the morning to re-new our visas.
Just before we left in 2019 we asked 'Bangkok Bank' and 'Siam Bank' if we were to put 800,000 Baht into the bank and 800,000 Baht for my partner's bank would we be able to transfer it back to the UK when we didn't return back to Thailand, both banks said 'it's your money, you can take it out and could transfer it anywhere in the world'.
Now we are not going back to Thailand and have 3,000 Baht each in the banks, have been in touch with them several times via mail & email to discuss in getting our money transferred back to the UK and they don't reply at all.
So we are really glad we didn't deposit 800,000 Baht each in Thailand Bank Accounts.
We have done everything they say to stay in Thailand and have been very happy there but they are just making it harder for long term stayers and pushing everyone away.
So we cannot understand why they keep asking 'WHY ISN'T ANYONE COMING'

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Old 25th May 2020, 08:17 AM
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One of the reasons I left a few years ago. Foreigners cannot export money directly from bank account to overseas without submitting a form prescribed by the Bank of Thailand in person. You may also have to show proof of funds (i.e where the funds came from). Its a pain.

Even the phone app I had came up with a message "Only for Thai Citizens" when I tried to press on the option for overseas transfers.

June

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Old 25th May 2020, 08:21 AM
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There are many things I miss about living in Thailand but difficulties in dealing with institutions just drove me away, I am an "older" lady and I needed the peace of mind that my family could access my assets if anything happened to me. I am much happier visiting as a tourist these days.

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