bank account
- Guides
Thai Legal Protection introduces an exclusive member privilege: Opening a Thai bank account on a tourist visa
Thai Legal Protection, a leading provider of legal assistance and support services in Thailand, is thrilled to announce an exclusive member privilege aimed at simplifying financial transactions and enhancing security for expatriates and tourists alike. Members of Thai Legal Protection can now open a Thai bank account while on a tourist visa. This unlocks a host of benefits and conveniences.…
- Thailand News
War on online scams: Nearly 40,000 fraudulent accounts frozen
Since its establishment on November 1 last year, the Anti-Online Scam Operation Centre (AOC 1441) has waged a battle against cyber fraud, culminating in the freezing of 39,918 bank accounts, revealed Digital Economy and Society Minister Prasert Chantararuangthong. Prasert disclosed that this drastic action was prompted by a deluge of 307,515 complaints received by AOC as of January’s conclusion. Explaining…
- Thailand News
Thai bank customer’s account drained from 300,000 to 5,000 baht
A Facebook user’s shocking discovery that her bank account balance plummeted from 300,000 baht to just 5,811 baht after 20 unauthorised withdrawals sparked widespread concern over bank security. The user’s post, which included screenshots of the transactions, has gone viral, calling into question the safety of depositing money in banks and urging a swift explanation from the financial institution. In…
- Thailand News
Unsuspecting Singapore chef uncovers Thailand-based vice ring
A Singapore chef found himself entangled in a web of illegal vice activities linked to a Thailand-based syndicate. The Singaporean man’s involvement in the illicit operation not only led to his arrest but also shed light on the sophisticated and lucrative nature of the syndicate’s operations in Singapore. After befriending a woman he met at a karaoke lounge in Golden…
- Retire in Thailand
Opening a bank account as a foreigner in Thailand: A guide
Thailand, with its natural beauty and urban convenience, is a magnet for people from all across the globe. If you’re one of them, you’ll need to open a local bank account to handle your finances. Whether you’re in the country to work, retire, or study, having a local bank account offers a range of advantages. It simplifies the process of…
- Thailand News
Unmasking the money: The underworld of ‘dummy accounts’ in illicit finance
A bank account referred to as a dummy account is typically held by a person who is not the actual owner. These accounts are commonly used in illicit financial activities such as fraudulent transfers, gambling, drug trafficking, or money laundering. Dummy accounts can be obtained in two main ways: 1. Paying someone else to open an account. 2. Deceiving or…
- Guides
How to secure credit cards in Thailand for foreigners: A comprehensive guide
Living in Thailand without a credit card is certainly feasible, given the multiple payment options for goods and services available in the country. But, getting a local credit card does make life a lot easier. In addition to cutting down on foreign exchange fees, having a local credit card can simplify the tedious task of paying bills, allowing you to…