Opening a bank account in Thailand is easy and quick
Opening a bank account in Thailand is quite easy and can also be done quite quickly, provided you prepare well and provide the correct documents. I personally opened a bank account at Bangkok Bank in Pattaya last Friday and it was a piece of cake. I will share my experiences with you here.
If you are going to withdraw cash in Thailand with your debit card, always choose the option 'withdrawal without conversion', instead of 'dynamic currency conversion'. In the first case, your own bank calculates the exchange rate. For larger amounts, this is more favorable for your wallet.
Support the Stichting Pensioen Voldoen your claim to do justice to pension indexation! (reader submission)
The Dutch State and the Dutch Bank have for years prevented pension funds from increasing their members' pension benefits, while indexation according to earned assets was possible in those years. Both the State and the Bank have pursued a rigid policy, contrary to European directives. That is why a former civil servant has demanded an advance on the indexation damage suffered by the court in The Hague in preliminary relief proceedings.
Adjustment of Wise rates from January 3, 2023
Wise informs its customers that they will be adjusting their rates as of January 3, 2023, this will apply to cash withdrawals and money transfers.
The ten largest banks in Thailand
If you already have regular contact with a Thai bank to arrange your financial affairs, you will know most banks in Thailand. There are 35 different banks, but the list below is limited to the ten largest banks in terms of assets. Interesting to read and a nice guide for newcomers.
ATMs in Thailand: Attention!
Although I have an account with the Bangkok Bank, it sometimes happens that I use my Dutch bank card to withdraw money.
Dutch holidaymakers lose millions due to hidden costs
Dutch holidaymakers lose € 384,19 million annually in hidden bank costs. They receive this bill when they go on holiday outside the euro zone and pay in a different currency.
Those who live abroad, such as in Thailand, can now have an annuity paid out without any problems. Previously this was often not possible. Together with DNB, the Ministry of Finance and the Tax and Customs Administration, the Dutch Association of Insurers has found a solution to the problems experienced by customers with an annuity when they move abroad or live abroad.
Dutch crypto investor maintains confidence despite crash
Since December, the price of crypto coins has fallen significantly. Despite the correction, the number of Dutch crypto owners has remained the same. At the end of the price fall, approximately 865.000 Dutch people (6,7%) still own one or more coins. This is evident from the Cryptocurrency Monitor, a market research by Multiscope into payments, investments and savings in a new economy.
Coin counting machine in Bangkok
I don't like coins. Of course you take it as change, but I find it difficult to have it in your pocket. In the evening the coins go into a kind of piggy bank. I already did that in the Netherlands and here in Thailand I do it too.
40 Baht for a Euro!
It is with due joy that I inform you that today, fully in line with my previously expressed expectations, the milestone of 40 Baht p
Trend reversal Euro – Thai Baht provisionally confirmed
Following my contributions of February 23, April 3 and May 7, it can now be concluded, Tuesday July 11 at 18.04 pm, with 38.98876 on the board that the level of 39 Baht per euro has been reached.
THB vs Euro a trend reversal?
It will not have gone unnoticed, the euro is making good progress. After a minimum of 36.38 Baht on April 17, we reached a high of 29 on April 37.99 and today, May 6, your euro is even 38.14 Baht where
Reader Submission: Foreigners are also covered by the Thai Banks Deposit Guarantee Scheme
Foreigners have exactly the same protection as Thai through the Deposto Guarantee Scheme. They wanted to reduce this Guarantee System from 50 million to 25 to 1 million, the last reduction was only on August 11, 2016. The Guarantee is per person per bank, with a bank account in two names, whether or not together of a Farang and a Thai, is 2x this amount guaranteed.
In view of the market developments, I would of course like to come back to my article about the exchange rate of the Euro/Baht of February 23rd.
In the comments, at 15.29:1 PM, I gave my prediction for April 36.60, XNUMX Baht.
Reader Submission: A “cashcow” from Kasikornbank
Several times this blog site has discussed the exchange rate differences with an ATM withdrawal. Yesterday I was forced to withdraw from an ATM of the Kasikorn Bank. In the meantime I had discovered that the withdrawal costs of the Thai Banks had been increased to 220 baht, but that is not the point.
Price EUR/THB at important support level
Predicting prices is a tricky business. Some have a day job, with varying results, you can predict that.