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ResourcesVisa & Immigration LawThailand Immigration LawDo Thai Banks Have Authority to "Freeze Money" for Immigration?

Do Thai Banks Have Authority to "Freeze Money" for Immigration?

Transcript of the above video: 

Unfortunately, another one of these videos on banking and I need to be clear on this, we have contacts in Immigration, they have told us, to me directly and coming through the folks that are here in the office that deal with Thai Immigration daily and they have said, "please tell Khun Ben that this isn’t coming from us. This is Banking Policy, having Immigration outcomes." Well now it is having outcomes on people's finances.

I ask, "where do banks get the authority to freeze people's money apropos of in my opinion nothing. And we used this as a thumbnail, but I want to quote this directly. This was a recent comment, quoting directly: "I made this comment in your previous video, but I think it more suits this one. I just went to get my Retirement Visa two days ago. The only issue I had was with Bangkok Bank. When I asked for the statement showing I have the 800,000 Baht, the bank said if they gave me the statement they were going to freeze 800,000 baht in my account for 2 months." Apropos of what, and based on what authority? How can the bank say that they could freeze anyone's money? Is this another 'because we say so'? Is this another thing from the World Economic Forum and the OECD that just says, "oh because you use a bank, we therefore control your whole life." This isn't coming from Thai Immigration, Thai Immigration isn't asking for this. This is the bank saying this, and therefore I ask why? And under what authority, legal, is there any law that says this? Quoting further: "We talked to the manager because I had more than 800,000 baht in the account the entire past year and my book showed my pension coming in each month. They decided not to freeze the 800,000." Oh well great. Again, are they the Immigration Authorities? Who are they? They are a bank.  Their job is to hold your deposit; their job is to issue documentation regarding what deposits you are holding. Their job is not to enforce, and where is the policy, where is the law that says they can do this? If Immigration asks for something, and then you have to go to the bank to get it, that's one thing. But this is the bank saying it. Where do they get the right in any way to say they are going to hold on to and freeze your own money? Quoting further: "So I would suggest people need to think about this before it is time to get your visa renewed. Even if you are in the same situation I am in, there is no way telling who you may get to talk to at the Bank, and if you are not in the same situation and can't afford to have the money frozen, it is more of an issue. To make matters worse, when we went to Immigration and told the Immigration Officer about it, she had an even worse story to tell. Again, when you talk to the Immigration folks they are like, "yeah this isn't us." Quoting further: "She said that a few days earlier a pregnant lady who was due next month, came in with her foreign husband. They went to a different Bangkok Bank to get the letter for the required 400,000 baht. She said that Bangkok Bank froze her 400,000 for 6 months. I have no idea why the difference, but obviously this is not good."

Where are they getting the authority to do this? Where does the Bangkok Bank have the authority to freeze people's money? If they are involved in some kind of financial crime, where is the due process? If the police get involved and say, "Hey, we have a warrant. We think that this person is moving money for whatever illicit or illegal reason, okay, fine. There's a freeze. But where does Bangkok Bank get the unilateral authority to just start freezing people's money in their accounts? And again, I'm basing this off a comment; that is why we are putting it on the screen so people can see it. But I am hearing all kinds of stories similar to this. And again we talked to our Immigration contacts, they are saying this isn't us. So is this OECD? Is this the World Economic Forum's pernicious cancer seeping into this country? What is it?