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  1. #1
    Thailand Expat
    MeMock's Avatar
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    Saftey deposit box in Bangkok

    Anyone know what the go is?

    Can I open one on my own, is it safe (will be foreign currency only) and roughly how much does it cost?

  2. #2
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    Anonymous Coward's Avatar
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    ^What's wrong with a bank, or do you want something that can't be traced....

  3. #3
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    Nah I've got three trips to Thailand in the next 6 months it seems and I thought it would be a good idea to bring the max amount allowed out of Australia each time (I think it's $10,000). i am not prepared to exchange it yet and put it in the bank as the rate sucks and I am confident that the rate will go back to normal soon. When it does I will exchange it all at once and use that to build a house.
    News is what someone, somewhere is trying to suppress - everything else is just advertising.

  4. #4
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    Wally Dorian Raffles's Avatar
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    ^you should b e able to keep it in aussie $, or any other currency for that matter......depending on your bank. i think most banks have safety deposit boxes aswell you can use if you are a customer.......city bank is pretty much all over the world, and a very good bank..

    Congrats on selling your business, btw, memock. It must be nice to have something pay off well after 10 years slogging... :beers:

  5. #5
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    Cheers Wally.

    I am bit on the stupid side when it comes to international money. Are you saying that every trip I can drop $10,000 aus at my local bank (in bangkok) and then exchange it when i am ready to do it. Which bank is good and what are the fees?

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    Wally Dorian Raffles's Avatar
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    Lots of people keep their money in their currency of choice..and some of them make a lot of $ by timing it right. I'm no expert, but again City Bank is very good IMO as they have banks everywhere and generally have a very good international banking section .... i have never dealt with them in bangkok. but i did rent a safety deposit box from a bank here in 1993 and it was no problem, easy , and quite cheap if my memory serves me correctly..

  7. #7
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    Wally Dorian Raffles's Avatar
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    surely there are easier ways though, memock. i have heard singapore is very good for banking. i would avoid dealing with large wods of cash if i was you and look at othewr ways to transfer your $$. bastard. wish i had problems like you

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    ^ agreed - i'd be wary of carrying that sorta cash with me. lsat time i fly out thailand i just carried a bank cheque for X amount of dollars - banked and changed it in aussie. no real problems. i dont think there was even a fee to do that.

  9. #9
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    Quote Originally Posted by Wally Dorian Raffles
    i have heard singapore is very good for banking.
    I heard they were awful.

    Just use a bladdy ATM card like everyone else. You really won't gain much with small amounts like $10k.

  10. #10
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    ^

    true but $10,000 x 3 this year then another few trips next year = $50,000 I expect I can save 100,000 baht + by doing it this way. Few minutes of my time and probebly worth it.

    Then again maybe not. I have just booked my first trip over (May 1) and I only have 2 days in Bkk and dont really wanna spend half of it in a bank.

    This citybank wally - are there branches everywhere? And If I wander on in with some cash you say they will hold it for me in aussie dollars - for what kind of fee?

  11. #11
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    Some banks do have accounts in different currencys, you deposit and withdraw in that currency, but I do not know which, if any do that in Thailand, they have some screwey laws on money, and the only CITIbank I have seen was in BKK, I wanted to deposit in US and have the money put in an account here, they said that it was not possible even with both accounts at citi, would have to wire transfer same as any other bank,, so now I just go into SCB and give them my US ATM/DEBIT card and tell em to transfer xxx baht into my SCB account and it is done in a few seconds and costs 30 Baht.

  12. #12
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    TMB has them in my old town.

  13. #13
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    ^ the mad baron?

  14. #14
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    Thai Military Bank.

    1500 deposit.

    400 for a small one upto a grand per year for a rather large one.

    60km outside BKK but overall ok.

    good luck finding one inside BKK. A few banks we spoke to there wanted a few hundred thousand in the bank and then we could get one.

  15. #15
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    Quote Originally Posted by MeMock View Post
    ^



    This citybank wally - are there branches everywhere? And If I wander on in with some cash you say they will hold it for me in aussie dollars - for what kind of fee?
    of Citybks in bkk, as far as i know, there is one only on north sathorn and once they get hold of your dosh all sorts of fees start cropping up at every twist and turn, non ending pestering over the phone/by mail of their sale reps trying to flog some product of theirs and once you are able to get out of their clutches (closing of account, canceling ccard etc) they will still continue calling you at least once a week. I had to change my mobile ph. #

    Resilient fokers

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