Transcript of the above video: 

As the title of this video suggests, we are asking the question payslips, salary certificates and tax returns are going to be possible alternative necessities that are going to be associated with Banking in Thailand, especially if you want to have a transaction limit over 50,000 Baht per transaction in order to do digital banking?  

I came upon this or got wind of this from a viewer who sent me screenshots of something they received from a bank here in Thailand. So people who want to increase their transaction limit can submit the following documents at any - and in this case it was Krung Thai Bank - during business hours:

1. Identity verification: 

- Thai citizens: National ID card, 

- Foreign nationals: Passport and Work Permit

I made another video contemporaneously with this one asking from here on out, is it presumed that you are going to need a Thai Work Permit in order to make these larger transactions, to have a transaction limit above 50,000 Baht? Remains to be seen. It looks like it from what we are seeing here, just the plain language of this. 

Quoting further: "Mobile device installed with Krungthai and/or Paotang applications." - This is the real point of this video:

"3. Supporting Financial Documents (choose one option)

Option 3.1: Latest 1-month payslip and bank statement. which that leads credence to the idea that Work Permits are going to be required - quoting further: "As does 3.2. Latest 2-month salary certificate and bank statement" - which I find it interesting they want to see a bank statement. What? From them? Aren't they the bank? Wouldn't they have that information? A wiser a man than myself that worked in the bureaucracy in the US Government once told me, always beware when the bureaucracy asks for its own documentation back. You know you have gotten to the point where the thing, it is like the snake eating its own tail, it doesn't know how to deal with itself. It has gone beyond the bounds of reason even as a bureaucracy, and there is some need for bureaucracy at a certain level and under certain circumstances, but it has gone beyond its sort of original mandate when it starts asking for its own documentation. If they can't self-verify, what is the point of it, is kind of the purpose. That said, Option 3.3: Copy of income tax return (PND 90, 91, 93, 94) and 3 months of bank statements. A declaration of the passport or mobile banking application is also required. Again, this is some pretty onerous stuff in terms of what needs to be submitted in order to transfer more than roughly the equivalent of about 1,500 Bucks US.

I really hope we see some of this turn around because I really feel like the ease of doing business in terms of banking here in Thailand was one of the key reasons why Thailand has done so well in past decades in terms of economics, and in terms of the desire of people to come and want to both vacation and live here. If this increasingly Byzantine bureaucracy associated with basic tasks like basic bank transactions continues, I just can't see that this is leading to an overly positive place. 

That being said, it looks like what has to be dealt with in order to maintain certain banking facilities here in Thailand. For those who find this bid overwhelming or complex especially as it pertains to getting a Work Permit or dealing with Thai tax returns or getting pay slip documentation, it may not be a terrible idea to contact a legal professional, gain some insight and guidance into how best to proceed.