10 year visas now available, can somebody tell immigration

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bluelagoon
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Re: 10 year visas now available, can somebody tell immigration

Post by bluelagoon » Tue Nov 14, 2017 6:37 pm

europtimiste wrote:
Wed Aug 30, 2017 5:46 pm
bluelagoon wrote:
Wed Aug 30, 2017 5:17 pm
I would not trust a Thai bank with 3 million left in an account...if the amount was 1 million perhaps....
And what about people who lost their savings with US and Iceland banks ????
Very true. All the more reason if you can do so in your country, to put savings in banks within countries that guarantee the government will refund upto € 100'000,-- in case of bankrupcy. Thailand has such a scheme but guess...only valid for locals and not the poor expat farangs !
Nonsense is better then no sense :laugh:

bluelagoon
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Re: 10 year visas now available, can somebody tell immigration

Post by bluelagoon » Tue Nov 14, 2017 6:41 pm

After what happened to the "to big to fail" globan US banking player, I humbly consider that in banking, anything can happen to any bank, anywhere. The only security a consumer would have is to have it in a country (like Switzerland) where the government gives a guarantee of around €100'000,-- /per bank so you can split in different banks, in case of bankrupcy. EU banks provide the same, but the service in Swiss banks is upto the level of their reputation. Of course, I am not promiting tax evasion naturally as any bank a/c abroad must be declared in your country.
Nonsense is better then no sense :laugh:

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huahin4ever
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Re: 10 year visas now available, can somebody tell immigration

Post by huahin4ever » Tue Nov 14, 2017 7:47 pm

bluelagoon wrote:
Tue Nov 14, 2017 6:41 pm
After what happened to the "to big to fail" globan US banking player, I humbly consider that in banking, anything can happen to any bank, anywhere. The only security a consumer would have is to have it in a country (like Switzerland) where the government gives a guarantee of around €100'000,-- /per bank so you can split in different banks, in case of bankrupcy. EU banks provide the same, but the service in Swiss banks is upto the level of their reputation. Of course, I am not promiting tax evasion naturally as any bank a/c abroad must be declared in your country.
Well you would be better off putting your money in Norwegian banks since they have nearly a 200,000 pound guarantee on you funds per account/bank (varies with exchange rate, but if I'm not mistaken the amount is 2 million Norwegian Kroner). And as far as I know Norway has also enforced stricter laws/requirements for the solidity of the banks meaning how much revenue reserves they must keep on hand.
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