Transcript of the above video: 

As the title of this video suggests, we are discussing, well unfortunately we are discussing this issue involving banking transfer limits, as we have discussed in many other videos. They are putting all kinds of onerous requirements on to folks who want to use digital banking here in Thailand. 

I actually received this from a viewer. We are going to go ahead and put this on screen. We will redact the parts of it necessary that might give away some sort of information, but this is from a bank here in Thailand. I don't want to get into which bank and what is doing what. That said, as it notes in here, you can submit the following documents at one of their branches during business hours in order to increase your banking limit up above the 50,000 Baht current cap for transfers. That said, quoting directly: 

Identity verification:

- Thai citizens: National ID Card, 

- Foreign nationals: Passport and Work Permit,

which then leads me to believe, okay, so is what I am getting from this, that moving forward, if folks want to have a larger cap on bank transfer limits, if they want to be able to transfer more money using your banking app here in Thailand, they are going to have to have a Work Permit to do that in Thailand? It would seem to suggest that because they specifically cite passport and Work Permit". And for those who say, "oh well maybe it's not that", I'm not so sure. Look, they have been extremely stringent on documentation; they have been extremely stringent on information in one's SIM card versus what's on Bank Account documentation; people have seen their accounts sort of frozen, inability to use Digital Banking, and then they have to go in and get their digital banking sort of re-upped or sort of brought back online after they present certain documentation as well as facial recognition and other in my opinion really Orwellian things. 

That said, and the point of the video is I think it may be increasingly safe to presume that it is going to be required to have a Work Permit in order to have the ability to transfer money digitally using banking apps in Thailand over the 50,000 Baht mark; so that is what it appears to me as of reading this stuff. That being said, it sort of remains to be seen whether or not this stuff will "stick", we will see this continue to be the case here in Thailand, especially if we see changes to the Thai governmental structure. That being said, we will certainly be keeping you updated on this channel as the situation evolves.