New deposit rules for banks
New deposit rules for banks
as i read in bangkok post, atm in thailand will ask id number (blue or pink for foreigners) to deposit money (not to retrieve). and bank inform me that they are instructed to request TIN number (fiscal thai number) for all foreigners : in some months they can close bank account if the foreigner don't have this number.
- Dannie Boy
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Re: New deposit rules for banks
One way or another, they look as though they want to get rid of foreigners - income tax, medical insurance for O-A visa holders and now this!!
Re: New deposit rules for banks
Do you have a link to the Bangkok Post article please Motyduke?
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Re: New deposit rules for banks
and for the new request of TIN number for each bank account of foreigner it is rule coming from th international Common Reporting Standard (CRS) adopted by Thailand. It will go with th new job for banks about “money coming from abroad” and their taxation : each bank should declare to thai government the amount of money received by each foreigner, attached to TIN number.
- Dannie Boy
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Re: New deposit rules for banks
This article doesn’t mention anything about foreigners having to provide any ID or TIN number - that could obviously happen but let’s hope not!!
Re: New deposit rules for banks
i have this information from my bank. i explained it just higher on the page. It is official i think but don't know if they will enforce.Dannie Boy wrote: ↑Mon Oct 30, 2023 4:49 pmThis article doesn’t mention anything about foreigners having to provide any ID or TIN number - that could obviously happen but let’s hope not!!
- Dannie Boy
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Re: New deposit rules for banks
Yes I saw that, I was just mentioning that the article was silent on it, so hopefully it’s something that won’t be enforcedMotyduke wrote: ↑Mon Oct 30, 2023 4:54 pmi have this information from my bank. i explained it just higher on the page. It is official i think but don't know if they will enforce.Dannie Boy wrote: ↑Mon Oct 30, 2023 4:49 pmThis article doesn’t mention anything about foreigners having to provide any ID or TIN number - that could obviously happen but let’s hope not!!
Re: New deposit rules for banks
Thank you
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Re: New deposit rules for banks
Now that we know why, it is actually starting to make sense.
Championship Plymouth Argyle 1 - 0 Hull City
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Consolidated - Championship Next Season
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Re: New deposit rules for banks
Yes, that articles says it's required for making cash deposits at ATMs which is not something that I ever do.
- Dannie Boy
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Re: New deposit rules for banks
Obviously closing the door for the bad guys (Hopefully that excludes us nice expats)!!
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Re: New deposit rules for banks
Reading the Motyduke post, I think this helps us understand how they will be tracking funds into Thailand, and attributing them to specific users as part of the Income Tax initiative.
Championship Plymouth Argyle 1 - 0 Hull City
Points 51; Position 21
Consolidated - Championship Next Season
Points 51; Position 21
Consolidated - Championship Next Season
Re: New deposit rules for banks
Well, if it happens, I look forward to a system being created to supply me with a TIN number.
Talk is cheap
Re: New deposit rules for banks
As has been said and the way I read it this applies only to cash deposits. Of course these deposits do not have a paper trail.
How many of us/you deposit cash? I certainly don't.
How many of us/you deposit cash? I certainly don't.