Jump to content
Planned Temporary Forum Outage Friday 18th January from 21:00 Read more... ×
BANGKOK 18 January 2019 16:14
DjChris28

Am I required to close my thai bank account after my work permit ends.

Recommended Posts

Hi, 
 
I signed up to the Siam Commercial Bank. I had to sign  a crap load of forms all written in Thai and understood bugger all and nobody in the bank even understood any english. I was trying to understand what the process was when you quit your job as well as a few other things such as if there is a fee to close the account later. Do you need to close your bank account when you quit your job and end your work permit? On my last month of my work, i'm required to give one pay period notice which means that my last day will always be the last day of the month which means that the last day of the month of resignation is the last day i''m legally allowed to stay in the country which is the day I will have to close my bank account (If it is required), but the employer pays AFTER the last day of the month which means that my last pay for whenever I decide to resign actually might not get paid. (Because i'll be out of the country and the bank account will be closed).
 
On top of that i'm realizing that I won't get my security deposit back for my rent anyway because the landlord has to wait for bills to be finalized and i'll be out of the country by then and they won't do international payment even if I'm willing to wear the international transfer cost.

Share this post


Link to post
Share on other sites

As far as I'm aware you don't have to close your bank account..but T.I.T

Share this post


Link to post
Share on other sites

Your bank account is not dependent on a work permit.

I recommend you st-up internet banking with international transfers if you want to return home.

Otherwise leave LOS for somewhere nearby and re-enter with a Tourist Visa or Visa exempt entry, both of which can be extended for 30 days at your local Immi office.

  • Like 1

Share this post


Link to post
Share on other sites

it might not be easy to always open a retail bank account, but once it's open it's only yours to close.... or the bank... but they don't do that.  keep the account, it's an option you might want someday to use not just for getting your pay. 

of course, if you are US file an online FBAR every year until you do close it... but the FBAR is very easy to do... and there is no reason not to do it.  it won't trigger a thing. you probably already know if you need to...but just in case I mention it. x-IRS.





 

Edited by maewang99

Share this post


Link to post
Share on other sites

Keep it open. Also even if the OP is a US person no requirement exists to file FBAR if the aggregate amount in foreign accounts is less than $10,000USD equivalent.

Share this post


Link to post
Share on other sites

No, you don't have to. On the apartment deposit, your landlord probably had no intention of ever giving your deposit back. I have always had to fight for mine, but 4000 is a significant amount which should be handed back to you with good grace, as long as you haven't damaged anything.

Share this post


Link to post
Share on other sites

I never heard of a bank who wanted wished, demanded or hoped for a customer  to cease banking with them. Close it if you want....up to you, I would imagine. I have A/Cs in about 3 different countries, left a few bob in each of them just to keep them open, (might have come in handy in the future) can't even remember where exactly they are now it's so long ago....most lightly they're dormant now anyway.

Share this post


Link to post
Share on other sites
18 hours ago, DjChris28 said:

I signed up to the Siam Commercial Bank.

As has already been suggested you can set up internet banking.

 

The SCB has an excellent system (in English as well as Thai).

 

You can register at their webpage here.

 

And no, there is no requirement to close your account if your work permit is cancelled.

  • Like 1

Share this post


Link to post
Share on other sites

Keep the account open, and have your landlord make payment into that account for your deposit.  They can do it from any ATM machine - transferred from their account into yours.  As per others' suggestion, setup online-banking, so you don't have to be in Thailand to access your account.

Share this post


Link to post
Share on other sites

Just because some one of the bank employees might have once upon a time told you that a work permit is a requirement for a bank account (not even close to being true) certainly doesn't mean you should lend that any credence.  Many of them are kind of full of it.   If you want to keep the account, keep it.

  

Share this post


Link to post
Share on other sites

On the topic of Internet banking - I have a Kasikorn account and I am unable to make Internet transfers from my Kasikorn account to another Thai account whilst in UK.  I had this confirmed verbally in the branch recently. I was told this could only be done within Thailand.

Is there a Thai bank with Internet banking which would overcome this problem? Thanks

Share this post


Link to post
Share on other sites

Well, KBANK has internet banking (K-Cyber Banking). You must know else what would you be using when in the UK?

I use it all the time to make money transfers, even more when I'm not in Thailand. It works OK except for the OTP password by SMS that's broken from time to time.

  • Like 1

Share this post


Link to post
Share on other sites
10 minutes ago, saltrock said:

I have a Kasikorn account and I am unable to make Internet transfers from my Kasikorn account to another Thai account whilst in UK.

I find that very strange.

That is not a problem with an SCB account.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

Sponsors
×