Dormant account move scheduled for 2018 | Bangkok Post: business - News Summed Up

Dormant account move scheduled for 2018 | Bangkok Post: business


"Even after 10 or 20 years, [dormant] account holders can claim their money. The draft bill is aimed at managing dormant accounts with more than 2,000 baht per bank account, he said. If such banking transactions can be done via online channels, it would reduce the number of inactive accounts. In developed countries, inactive deposits accounts largely belong to the deceased and would be transferred to government agencies. In Thailand, inactive deposits accounts largely belong to depositors who are still alive, but have opened new accounts at other banks.


Source: Bangkok Post October 31, 2017 21:00 UTC



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