What is the best way to handle a £200,000 savings when moving to Thailand, considering interest rates and banking options?

I can highly recommend speaking to

@Craig *********

at

@Tenzing ********

they are a well known and trusted brand in Thailand and Southeast Asia and help advise expats with insurance and investments options

Zero

Put it in Crypto (USDT). Can easily get 8-10% annually. No risk.

The only thing you'll get out of a Thia bank is a headache

Allica bank 4.49% easy access.

Interest rates in Thailand are not good

Try wise bank and hold it in there stock fund which you can draw on anytime

And it’s averaged 12% for last ten years or so

Use wise app, that works in Thailand

Gold, silver, and Bitcoin are all better choices

Don't leave it in the bank. Buy physical gold. When we first arrived in Thailand more than 2 yrs ago, it was THB 28,000/bhat gold, today it's THB 46,600/bhat gold. 1 Bhat gold is 15.2g.

Never put 8.4 million baht in one bank in Thailand,interest is less than 1.5% ,and most banks only insure your money up to 1 million baht ,keep it in UK bank or invest it and take small lump sums at 6 month periods to transfer into a Thai bank

A lot of european Banks pay close to or just over 3% and with 100k insured

We have a platform called raisin where you can bank hop.

I would not put it on a bank, but if you do there are better options then a thai bank

Shares in dingy companies in France are doing well im told

Going by the comments Kirk, it appears the answer is don't place all that money in Thailand and what's more, they are right.

Why would you advertise how much money you have 🤦🏻‍♂️

Consult a financial advisor if you care about the best returns on your investment. Sitting in a bank account is not it.

Invest some into my new project has a pretty great return better than any bank 🙌

Stocks. And because you have to ask:

Buy MSCI world ETF for 150k and only the rest in bank for emergencies.

And: open your broker account before moving! It’s way easier to prove your residence.

All gone soon with ladies soi 6 lol 😆

Lol.

You won't have it long if u change it to Thai bht.

But carry on 👍👍

Please include age, health , lifestyle etc to give us a better idea. For example, I will be 60 , good health (so far lol) and live a simple lifestyle ...follow this guy. He's pretty good.

If your getting such a fantastic rate in Thailand compared with the u.k there's usually a reason

F all

Close to 0% and they may block your account

Put it into gold and silver,if you buy from say bullion for gold they will keep it for you,then when you need some money sell some back to them.Gold went up by 30% last year and it isn't finished yet

Use your money and invest in a WATER BUFFALO Business. Hugely used , breaks down a lot, and needs replacement every two years. Customers are mostly farangs and highly GULLIBLE

High rates right now on Russian State bonds 🤣

Mmm..are you using yr actual name?

MSCI World/MSCI Emerging Markets

I have a yellow bank account u can put it in.

🤣🤣🤣 A fool and his money in Thailand

If you have a Thai wife is better don't let her know as insurance.Street wife dude

Leave your £200,000 in a few UK banks, try and put £85,000 in each different bank and your money will be protected by the Financial services

Put it in stocks

Here an idea split it and open two types of isa 20,000 in each at 6% to start with Don't tell them your going to live abroad it just makes things confusing At the moment a 1 year isa will pay better than a 2 year fixed rate

And for the rest Well I'm a Nigerian prince and.......

If you're here for more than 180 days you'll get massively taxed if you can't prove you paid tax on it already in uk

Don’t worry about it, you will not be able to get a Thai bankaccount at least the first 6 months, and then you have plenty time to look around.

9-thailand-to-implement-stringent-compliance-regulations-for-new-bank-accounts?

Banks in Thailand are like everywhere in the world, interested in having good stable custormers, that have a permanent address, a steady easy traceable income, and use the account all year round.

That is why the banks are reluctant to give accounts to people on short time ( read: tourist ) visas, and who only spend part of the year in Thailand.

Don’t expect to get a residence certificat, until you have stayed at a permanent adress in at least 3 month, since that is what the residence certificat should confirm.

Furthermore the added attention on whitewashing of money, is an added burden on the banks, so reluctant depositing large amounts isn’t a guaranteed way to open an account.

The value of a resident certificat, had gone down, since Immigration Officers are giving them to people that are not on a longterm visa, or have stayed severel months at 1 adress in Thailand, so even if it is a formal requirement, the bank make up their own assesment of the stability of the want-to-be customer.

I use Santander internasjonale, bind for 6months and get 5,8%

Buy gold. It appreciated 27% in 2024.

Only transfer what need because of new tax laws

Throw in investments that are low risk above 5 % per year and then remit what you need to Thailand when you need it

Keep it in your country. You will get a better return and send money when needed to thailand.

My money most of it is in a UK bond paying 4.8% no way I could earn that in my Bangkok bank account

Think right now the exchange rate is not very good, now may not be best time to transfer. My bank , Kbank, also charges withholding tax on the interest

Invest in stocks which pay dividends.

you can get from 10% to 20% with low taxes, which could be enough for a living in Thailand

I would distribute. Never keep such amounts in a single bank. This because of the limited guarantees when the bank collapses.

Don’t let people scare you about Thai banks. The big economic collapse in 2008 started in USA, not Thailand.

I moved my funds in equal shares to Bangkok Bank, Kasikorn Bank and SCB, but I also kept large funds in Netherlands. These three bank allow international transfers above 50,000 baht. Bangkok Bank can provide you with a foreign currency account in case you don’t want to convert right now.

Netherlands has a tax charge on bank balances which Thailand doesn’t have - That was one of my motivators to move part of it to Thailand. The other motivator is that the baht is expected to rise to only 33.5 baht per euro (currently around 35, coming from 39 in July 2024).

If you decide to keep anything in a foreign bank then make sure that you can demonstrate having the amount in that bank at year end before becoming tax resident in Thailand.

Thai Banks don’t give any realistic interest. I believe expats get max 2% or something alike in the first few years. There are a number of profitable investments with tax benefits, but I haven’t yet done much research into them yet so I can’t suggest which to choose.

Dont move more then you need to the Thai policial system and hence the ecomony is fragile and can change very quickly.

Just pay a UK financial planner for proper advice.

Don't trust the banks with all that money...buy some gold

Do not bring it into Thailand... Get into something like mutual funds or similar and take a monthly income... Some of mutal funds currently are yielding 10% to 14% pa

Here's better keep assets in land +10X annually👌

Your wife will want it to buy gold, and stick it into a drawer. Thai ladies don't trust the banks.

Lucky you .😉

Message Neil Walter’s he has some great investments plans and all his advice is free

U.O.B. Bank is ok . If you have1million bht,

The interest is 1000 bht month.. They have a branch in London .

And this bank is all around the

World..It's good if you like travelling

£200k, how long are you going for? A year?

You’ll be lucky to get 1.5% invest in your own country and not knowing how old you are you’ll need that money working for you 200K is really not enough

Transfer and exchange as you need.

Get a Thai partner and invest in her buisness.

No interest leave it in uk bank

After 6 months with thia woman you will be broke

Thai banks don’t generate much interest. I’m not sure about UK banks, but I leave mine in my Australian bank and get about 5 percent

Put your money into thai bank and perhaps on day the Thai government decided to freeze all foreign investments. You have lost your money

You’ll face a currency devaluation risk in a THB account.

Leave it in the UK 100%

Seems as thou most people think the same here. Keep it in your bank back home. Sit down. Put a budget together of how much Thai Baht you will need each month. Plus an extra 10% say. For the rainy season. With the bulk of your £200,000. Buy a property .in UK. Get your self a tenant into it. Let a letting agency take care of it for you. And then maybe draw between £750 and a grand in income each month.

EQQQ nasdaq 100 ETF

You need to talk to a financial advisor on how to make that 200k grow.m and leave it in the UK. Never move thst money to Thailand and lose value.

If it's earnings it will be taxed at a high % for that much transferred in one go. Transfer in small amts each year

You can not bring that much money with you, you will need a Thai Bank account and then do a transfer and you will also need proof of where the funds came from.

I think you should look around to see which country is paying the most.

Just buy a indexfond.

Invest it in the UK. Better return than Thailand plus the exchange rate is pretty low at the moment.

Definitely leave I it in the UK.

Put it into a high yield savings account currernt rate on wealthfront is 4% 200,000 x 4% =8000.00 yearly interest.

Leave in Uk bank put in interest account t that will pay into your current account each month, get a wise card. Open a wise bhat account, Keep eye on exchange rate and move money when rates good. Ie was 46.9 in July. Bow 41. ?

I am can get 4.46% instant access in the UK. Minimum balance is £25k

Rates UK available searched today. Not sure where you’re looking. 👀. Thailand be lucky 🍀 to get 3% max

Robinhood

Put in a bank in Turkey, buy 45% 😁

You can get 4.3 percent and more in the UK for regular savings and more for fixed rate bonds

Give me some please

If you decide to leave Thailand at some point I hear it’s getting more difficult to get your money back to another country. Something to consider.

You will get a better interest rate in uk. I have a Revolution account and you can change monie into Thai money at a good rate with no charges

Keep your money in your home land bank and then just get it sent to you monthly theough these online banks x

They won't insure that much they only insure about a million baht you might want to think about that

Poor interest in Thailand banks, put it in s&p500

Leave it in a UK bank getting better interest and just transfer what you need.

if I had 200k I would NEVER put that money into a thai bank. NEVER.