Welcome to Thailandblog.nl
With 275.000 visits per month, Thailandblog is the largest Thailand community in the Netherlands and Belgium.
Sign up for our free e-mail newsletter and stay informed!
Newsletter
Language setting
Rate Thai Baht
Sponsor
Latest comments
- Josh M: I have read that there will be 3 different toilets in the new second room building. Man, woman and something in between, g
- Georgee: Through the company it is often not much more expensive. Search via Momondo. No travel insurance through the booking site. Have travel insurance b
- Elder Tiele: Koh Si Chang surprised us. It is a boat trip of about 1 hour from the pier, navigating between the large sea-going vessels that sail there
- Hugo: We are tempted to buy all kinds of gadgets and once we embrace them en masse (stupidly) we are exploited. Just like that
- Cornelis: It completely depends on ticket sales. Last week I found tickets for departure in mid-May, so 3 weeks in advance - no
- Cornelis: It is not correct that your Dutch passport must be valid for 6 months upon return to the Netherlands. As a Dutch person you even come with one
- RonnyLatYa: For a Visa exemption, 6 months upon arrival is sufficient. “Please make sure that you are in possession of a valid passport
- Aylin: moderator: reader questions must go through the editors
- Eric Kuypers: René, I see that the Dutch government now also writes that way. I saw the other story on a site that may be a bit older. It's d
- bennitpeter: AND keep a close eye on your mailbox. First ticket as booked. A little later, KLM made a change in flight control
- advance booking: How far in advance to book depends largely on when you go. A general council is therefore like any general council: k
- Gerard: Indeed, since the Covid issues, we only book through the company. And no longer via other providers such as Opodo
- Paul: It is best to book directly with the company. In case of cancellations or delays, they can help you immediately. Becomes different
- Ben the Cook: What a ridiculous proposal from the government. Now they have tourists, the weather is not good. Ok if it cleans up the beaches
- Mister BP: Almost everything is correct except booking 2 to 4 months in advance. You must book when the company has just given its permission
Sponsor
Bangkok again
Menu
Arrivals Bangkok Airport
DOSSIERS
Learning objectives and topics
- Background
- Activities
- Advertorial
- Diary
- Tax question
- Belgium question
- Sights
- Bizarre
- Buddhism
- Book reviews
- Column
- Corona crisis
- The Culture
- Diary
- Dating
- The week of
- Dossier
- To dive
- Economy
- A day in the life of…..
- Islands
- Food and drink
- Events and festivals
- Balloon Festival
- Bo Sang Umbrella Festival
- Buffalo races
- Chiang Mai Flower Festival
- Chinese New Year
- Full Moon Party
- Christmas
- Lotus Festival – Rub Bua
- Loy Krathong
- Naga Fireball Festival
- New Years Eve celebration
- Phi ta khon
- Phuket Vegetarian Festival
- Rocket festival – Bun Bang Fai
- Songkran – Thai New Year
- Fireworks Festival Pattaya
- Expats and retirees
- state pension
- Car insurance
- Banking
- Tax in the Netherlands
- Thailand tax
- Belgian Embassy
- Belgian tax authorities
- Proof of life
- DigiD
- emigrate
- To rent a house
- Buy a house
- In memoriam
- Income statement
- King's day
- Cost of living
- Dutch embassy
- Dutch government
- Dutch Association
- News
- Passing away
- Passport
- Retirement
- Drivers license
- Distributions
- Elections
- Insurance in general
- Visa
- work
- Hospital
- Health insurance
- Flora and fauna
- Photo of the week
- Gadgets
- Money and finance
- History
- Health
- Charities
- Hotels
- Looking at houses
- Isaan
- Khan Peter
- Koh Mook
- King Bhumibol
- Living in Thailand
- Reader Submission
- Reader call
- Reader tips
- Reader question
- Society
- marketplace
- Medical tourism
- Environment
- Nightlife
- News from the Netherlands and Belgium
- News from Thailand
- Entrepreneurs and companies
- Education
- Research
- Discover Thailand
- Opinions
- Remarkable
- Calls
- Floods 2011
- Floods 2012
- Floods 2013
- Floods 2014
- Winter prices
- Politics
- Poll
- Travel stories
- Travel
- Organizations
- Shopping
- Social media
- Spa & wellness
- Sport
- Cities
- Position of the week
- The beach
- Language
- For sale
- TEV procedure
- Thailand in general
- Thailand with children
- thai tips
- Thai massage
- Tourism
- Going out
- Currency – Thai Baht
- From the editors
- Real estate law; and
- Traffic and transport
- Visa Short Stay
- Long stay visa
- Visa question
- Flight tickets
- Question of the week
- Weather and climate
Sponsor
Disclaimer translations
Thailandblog uses machine translations in multiple languages. Use of translated information is at your own risk. We are not responsible for errors in translations.
Read our full here disclaimer.
Royalty
© Copyright Thailandblog 2024. All rights reserved. Unless stated otherwise, all rights to information (text, image, sound, video, etc.) that you find on this site rest with Thailandblog.nl and its authors (bloggers).
Whole or partial takeover, placement on other sites, reproduction in any other way and/or commercial use of this information is not permitted, unless express written permission has been granted by Thailandblog.
Linking and referring to the pages on this website is permitted.
Home » Reader question » Thailand reader question: Will the bank guarantee amount be reduced?
Dear readers,
According to my wife, in Thailand the guarantee amount is reduced by bank to 1.000.000 baht. Anyone know anything more about this? Would that mean that you have to spread over several banks if you own more?
Suppose you own 4.000.000 and the bank goes bankrupt, you lose 3.000.000.
Regards,
Henk
Editors: Do you have a question for the readers of Thailandblog? Use it contact form..
https://www.nationthailand.com/in-focus/40004190
Just let them mess around. From me, the rate to the level of 15 years ago can be between 45 and 50 baht per euro. Has the advantage that more people exchange more euros. So you see again: every advantage has its disadvantage and vice versa.
And this is also important: Protection will only be provided to accounts in the baht currency.
What about if you live in the EU and have a $ bill?
from google
LATEST : In April 2020, an official of the Deposit Protection Agency announced that the period of coverage for 5 million Thai Baht, was EXTENDED TO 10 AUGUST 2021 (an additional year). It was announced indeed b the Deposit Protection Agency on 4 August 2021, that from 11 August 2021 onwards only sums up to 1 million Thai Baht (per bank) will enjoy deposit insurance protection.
The link is already there, so I don't have to give more.
The question is whether splitting into various accounts will hold.
Whether it is possible, because this logical step by the consumer could also have been foreseen.
Will they then look by name and not reimburse the other bills you have?
Do you have to split it up to various banks?
Wonder how the really rich will do then, just to name an example Prayut
Banks and governments, you can't trust them anymore.
With this rule already effective immediately on 01-08, what is going to happen? Will banks collapse, will there be a crisis in Asia? Do you need to withdraw your money quickly? Such a rule is not just plucked out of thin air.
Already 2 years ago the government decided to set the bank guarantee at 1 million in the near future. I think that was also discussed on Thailandblog, although I can't find it.
Here's the link, the whole discussion about this has been going on for over 5 years with a reduction from 50 million to 1 million. Perhaps some of the commenters could dig into the matter before blaming the current government, the baht or whatever.
As an expert layman, there is only 1 guideline that I follow and that is that I look at the profitability of the banks, after all, as long as the bank where you have deposited your money makes a profit and therefore has money left over, they do not use up their reserves. The National Bank requires them to maintain provisions for various items which affects profit, so as long as there is still profit and supervision from the National Bank I wouldn't worry too much, but it is always advisable to spread out with many assets.
https://www.thailandblog.nl/expats-en-pensionado/buitenlanders-vallen-ook-thaise-banken-depositogarantiestelsel/
Moderator: Please keep the discussion on topic and Thailand.
was in 2013
As I understand it is per account holder so having 5 accounts at the same bank should not be a problem if there is a balance of 4 million baht. As soon as it becomes per bank customer, then spreading it would be desirable, but it is not that far yet. In addition, I wonder if banks such as Bangkok Bank and Siam Commercial Bank will ever go bankrupt if there is a new Tom Yam Kung 2.0 crisis. come.
It is off topic, but the VAT rate has been set at 10%, but the 7% scheme has been extended annually for many years and that remains a nasty element that can be used to target certain target groups in the coming years.
I think the bank guarantee, after the adjustment, is 1.000.000 baht for all accounts together .. so spreading it makes no sense
The big banks will be stress resistant
Dear Henk
According to me it has been 1 million per account no for years. A senior manager of the Bangkok bank informed me of this
Money also for deposits rack, etc
So you can have many rack numbers
But memory abn about 12 years ago. I then also saw a maximum of 100000 euros per rack covered as a company
Gr Peter
This states what is covered and the account holder is therefore indeed a customer per bank. Spread to suffer less than that.
https://www.dpa.or.th/en/articles/view/who-is-protected
I wonder if it is an idea to have the Bahtjes on the account with (Transfer)Wise and only transfer them to a Thai Bank when needed.
It is also possible to have Euros (or dollars or whatever) in your account there and to exchange from there into Baht or to transfer to a Thai Bank in Baht (exchange with that transfer).
If the course (for us) changes for the better, life will become more pleasant, but perhaps the amounts of 800.000 or 400.000 Baht for a visa will be increased.
Everyone keeps watching coffee grounds at the moment.
"If the course (for us) changes for the better, life will become more pleasant, but perhaps the amounts of 800.000 or 400.000 Baht for a visa will be increased."
Where do you get that assumption from? Don't spread unnecessary nonsense if it is based on nothing, completely out of the blue.
I thought I read in a folder at Citi that this warranty does not apply to farang, only to Thai?
just today, August 6, it was announced that the guarantee amount has indeed been reduced!! So no speculation yes or no. It's a fact now.