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Beware of Bangkok Bank

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4 hours ago, WinnieTheKhwai said:

How-does-abilify-work.jpg

Yes, the OP could have a mental health problem, too.  Also as sad as dementia.  I've known people with mental health issues who are financial exploited, or more likely, just very, very disorganized in managing their money.

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For someone to withdraw money from an ATM they need the card number and the pin number. If they have those, it's pretty easy to fabricate a card. 99% of the time this is stolen at point of service (restaurant) or at a corrupted ATM. Bad bank employees are easily nabbed.

 

Malware that leads to pilfering accounts through online banking is very rare. Far more common is phishing emails that sucker folks into giving up or changing passwords.

 

This discussion does raise the question: Can you create an account that has no electric/online access, then create another one where you just walk into the bank and move money into an ATM accessible account as you need it, say four times a year.

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11 minutes ago, luther said:

........

 

This discussion does raise the question: Can you create an account that has no electric/online access, then create another one where you just walk into the bank and move money into an ATM accessible account as you need it, say four times a year.

Yes, definitely.  This how the Social Security direct deposit accounts work.  The U.S. gov't INSISTS that the direct deposit gov't payments like Social Security, Military Pensions, etc into Bangkok Bank account that don't have ATM on on-line access and are sole owner accounts.  The owner has to go in person to a Bangkok Bank, with his passport, to make a withdrawal.  And most turn around and deposit the funds, usually withdrawn as cash, into another Bangkok Bank account with ATM and perhaps on-line access.  That account could be a joint account, or even someone elses.   

 

In fact, the OP alluded to this is why he continues to stay with Bangkok Bank because they're the only U.S. bank approved by the U.S. gov't for this type of deposit -- lending credence to the theory that he has problems with dementia (in receipt of Social Security), mental illness (Social Security or Military Disability Payment) or is being exploited.

 

 

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My BKK bank account also sends an instant SMS every time there is a deposit or withdrawal, which I assumed was a standard feature.  

Edited by Chiengmaijoe

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It is a standard feature but you can opt out of this option to save 15 baht a month.


Sent from my iPhone using Thaivisa Connect


I've never had this and I've been with BB for 12 years.

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I've never had this and I've been with BB for 12 years.

I got it free for 3 months when I opened account ( last July) then it was 10 baht a month after went up to 15.


Sent from my iPhone using Thaivisa Connect

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Been with BB for 30 plus years and never a problem. I started to use their sms service a while ago, so like some posters mention, I get an email or sms every time I make a transaction, whether over the counter, atm or mobile banking. In fact I have found their mobile banking/i-banking system a godsend. Makes life so much more conveneient and I can cut out paying bills at 7-11 and lining CPs pockets. Not that it saves me much. I think it is 5 Baht less per bill payment than 7-11 but not sure.

 

In this case something is seriously wrong and the OP should follow the advice of other posters, check who has access to his accounts, clean up all his electronic devices, etc.  

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My bank gave me an ATM card with no fees at any ATM in the world, full refund of second party ATM fees and no charge for the card ever but I do not clean my computers.

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On 1/25/2017 at 9:29 PM, KhonKaenKowboy said:

My Thai bank just gave me a chip protected visa debit with no fee at any ATM in LOS and gets me long access at Swampy.  Free card, first year free, then 100 per year […]

What bank is that?

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Not that many Thai Banks and you can bet it isn't the biggest ones.  Find the ones with the best interest rates...you will be very close.

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On 1/24/2017 at 8:02 PM, NancyL said:

Yes, definitely.  This how the Social Security direct deposit accounts work.  The U.S. gov't INSISTS that the direct deposit gov't payments like Social Security, Military Pensions, etc into Bangkok Bank account that don't have ATM on on-line access and are sole owner accounts.  The owner has to go in person to a Bangkok Bank, with his passport, to make a withdrawal.  And most turn around and deposit the funds, usually withdrawn as cash, into another Bangkok Bank account with ATM and perhaps on-line access.  That account could be a joint account, or even someone elses.   

 

In fact, the OP alluded to this is why he continues to stay with Bangkok Bank because they're the only U.S. bank approved by the U.S. gov't for this type of deposit -- lending credence to the theory that he has problems with dementia (in receipt of Social Security), mental illness (Social Security or Military Disability Payment) or is being exploited.

 

 

No....the U.S. govt does "not" insist direct deposits go to Bangkok Bank.   It's simply because the U.S. govt sends direct deposits via the U.S. ACH payment system and Bangkok Bank is the only bank in Thailand with ACH receiving capability....no other Thai bank has ACH capability.

 

Now the part about not being able to have an ATM card, must show up in person to withdraw funds, can only be a single owner account, etc.,  with a Bangkok Bank Direct Deposit account is purely a Bangkok Bank policy to ensure certain fraudulent transactions do not occur which could blacklist them for payments from the U.S. govt.   So Bangkok Bank has established polices to avoid this lucrative (profitable) service from being impacted by fraudulent transactions. 

 

And by fraudulent transactions I mean for example the pensioner passes away and if the account allowed a joint owner (which it don't) such as a spouse unintentionally/intentionally fails to notify the U.S. govt the pensioner was barbecued at the local temple, the monthly pension payment continues to flow in and the joint owner continues to withdraw/spend the inflow of payments that should have stopped upon the pensioners death.   Now although the social security agency sends a person a "are you still alive letter" every year or so, those could be signed and returned by a still grieving joint account owner and the payment continue.  For military retirement payments, they never/rarely send out such a "are you still alive letter."    Plus it can be hard to recoup overpayments/funds from a foreigner/foreign country.

 

In the States govt pension payments can go to a joint account, you can have an ATM, withdraw via ibanking, etc., because in the U.S. when someone dies that info is passed along via police, hospitals, and varies out local agencies to the U.S. govt.  So even if a joint account owner fails to report the pensioners death the U.S. govt pension payment agency finds out about it pretty quick anyway.   Plus it's much easier to recoup overpayments/funds from a person in the U.S./from a U.S. bank.

 

 

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24 minutes ago, Pib said:

No....the U.S. govt does "not" insist direct deposits go to Bangkok Bank.   It's simply because the U.S. govt sends direct deposits via the U.S. ACH payment system and Bangkok Bank is the only bank in Thailand with ACH receiving capability....no other Thai bank has ACH capability.

 

Now the part about not being able to have an ATM card, must show up in person to withdraw funds, can only be a single owner account, etc.,  with a Bangkok Bank Direct Deposit account is purely a Bangkok Bank policy to ensure certain fraudulent transactions do not occur which could blacklist them for payments from the U.S. govt.   So Bangkok Bank has established polices to avoid this lucrative (profitable) service from being impacted by fraudulent transactions. 

 

And by fraudulent transactions I mean for example the pensioner passes away and if the account allowed a joint owner (which it don't) such as a spouse unintentionally/intentionally fails to notify the U.S. govt the pensioner was barbecued at the local temple, the monthly pension payment continues to flow in and the joint owner continues to withdraw/spend the inflow of payments that should have stopped upon the pensioners death.   Now although the social security agency sends a person a "are you still alive letter" every year or so, those could be signed and returned by a still grieving joint account owner and the payment continue.  For military retirement payments, they never/rarely send out such a "are you still alive letter."    Plus it can be hard to recoup overpayments/funds from a foreigner/foreign country.

 

In the States govt pension payments can go to a joint account, you can have an ATM, withdraw via ibanking, etc., because in the U.S. when someone dies that info is passed along via police, hospitals, and varies out local agencies to the U.S. govt.  So even if a joint account owner fails to report the pensioners death the U.S. govt pension payment agency finds out about it pretty quick anyway.   Plus it's much easier to recoup overpayments/funds from a person in the U.S./from a U.S. bank.

 

 

http://www.bangkokbank.com/BangkokBankThai/Documents/Site Documents/Other/bankingGuide_june.pdf

 

"In compliance with US regulations, Bangkok Bank cannot authorize the withdrawal of funds from your direct deposit account by an appointed representative, or via ATM or any other electronic channel. You must appear in person at a Bangkok Bank branch to withdraw the funds."

Edited by mesquite

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Give me a link to the U.S. regulation if you can.  I doubt there really is such a regulation but I stand ready to say I stand corrected.  

 

Edit:  What Bangkok Bank is doing is trying to comply with the intent of the International Direct Deposit Program where U.S. govt agencies will send pension payments to selected countries which have the capability to receive U.S. govt payments and have signed up to the IDD program.  However, Thailand is not one of those countries.   But Bangkok Bank want sto comply with the intent and minimize fraudulent transactions like the example I gave above.    If that foreign bank and/or the U.S. govt pension payment agency allows U.S. govt pension payments then the following special provision applies for "joint accounts" if allowed.

 

Partial quote of IDD signup form indicating Joint Accounts are allowed at foreign banks

Quote

SPECIAL NOTICE TO JOINT ACCOUNT HOLDERS If your receiving bank and issuing agency allow a joint account with a person who receives U.S. government issued payment(s) and that person dies, you must immediately contact your bank and the American Embassy/Consulate in your country and/or the U.S. government agency that issued the payment. Any U.S. government payment deposited into a joint account after the death of a recipient must be returned to the agency that issued the payment.

 

 

 

 

IDD sign up form.pdf

Edited by Pib

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BANGKOK 13 December 2017 21:51
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