I sorted my banking compliance checks today, at the Silom Kasikorn branch.
1 Firstly I went on the True app and that produces a certificate showing my name and the phone number. This wasn't really needed, as my account already has the correct number. But I wanted to be prepared.
2 The bank website shows my old passport number. I asked her to update that and she did. She says it will show up on the website tomorrow.
3 She also asked for my UK address. This is probably a good thing, as I opened the account with the address of a gay hotel, which closed about 10 years ago.
4 She issued a new passbook.
Frozen Thai bank accounts
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Gaybutton
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Re: Frozen Thai bank accounts
I thought they had been doing this right along. Apparently not.
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Banks tighten digital checks to curb mule accounts
by Somruedi Banchongduang
March 11, 2026
Banks are tightening monitoring of digital transactions to prevent the use of mule accounts, as fraudsters shift their activities after stricter controls were imposed on conventional bank accounts.
A banking industry source who requested anonymity said banks are intensifying scrutiny of digital transactions to curb mule accounts, as signs have emerged that fraudsters are increasingly turning to digital deposit accounts after tighter measures were introduced on regular bank accounts in compliance with Bank of Thailand regulations.
"Although there has not yet been a significant increase in fraud through digital deposit accounts, banks need to take pre-emptive measures to control the problem," the source said.
Transaction limits and minimum balance requirements set by individual banks are aligned with the regulator's customer profiling guidelines, which classify customers based on financial behaviour and risk profiles under the S, M and L categories.
Regarding the tighter mobile banking transfer limits, daily transfer ceilings are categorised into three tiers: less than 50,000 baht (S), 50,000 baht to 200,000 baht (M), and more than 200,000 baht (L). The category depends on a customer's risk profile and each bank's know-your-customer assessment.
Bangkok Bank (BBL) recently announced holders of its e-Savings accounts would be required to maintain a minimum balance of 2,000 baht. Customers would be unable to make withdrawals or transfers causing the account balance to fall below this threshold, with implementation scheduled for April 9, 2026.
However, the bank revoked the measure on Tuesday after it sparked widespread criticism on social media.
Chaiyarit Anuchitworawong, senior executive vice-president at BBL, said in a statement the bank previously announced changes to the conditions for two online deposit products: e-Savings and the Bualuang Extra Digital Savings Account.
"The move was intended as an additional step to prevent criminals from using digital deposit accounts as mule accounts, thereby reducing channels for illegal transactions," noting the statement.
However, the bank later assessed the measure would inconvenience customers and decided to postpone its implementation indefinitely.
Supreecha Limpikanjanakowit, executive vice-president of Kasikornbank (KBank), said the bank is reviewing possible clarifications to the conditions for digital deposit accounts.
Customers are currently allowed to transfer up to 50,000 baht per account per day. However, as KBank and its affiliates operate three mobile banking apps -- K-PLUS, Make and Line BK -- the bank plans to introduce a combined transfer limit of 50,000 baht across all three platforms.
The potential adjustment aims to strengthen safeguards against fraud involving mule accounts, in line with the central bank's customer profiling guidelines on transaction limits under the S, M and L risk-based framework, he said.
Following the regulator's measures to tackle mule accounts, losses in the banking system have declined significantly.
Losses this year are estimated at 1.8 billion baht, down from a peak of around 3 billion last year, suggesting the measures are proving effective, said Mr Supreecha. Losses at KBank have also declined.
https://www.bangkokpost.com/business/ge ... e-accounts
___________________________________________
Banks tighten digital checks to curb mule accounts
by Somruedi Banchongduang
March 11, 2026
Banks are tightening monitoring of digital transactions to prevent the use of mule accounts, as fraudsters shift their activities after stricter controls were imposed on conventional bank accounts.
A banking industry source who requested anonymity said banks are intensifying scrutiny of digital transactions to curb mule accounts, as signs have emerged that fraudsters are increasingly turning to digital deposit accounts after tighter measures were introduced on regular bank accounts in compliance with Bank of Thailand regulations.
"Although there has not yet been a significant increase in fraud through digital deposit accounts, banks need to take pre-emptive measures to control the problem," the source said.
Transaction limits and minimum balance requirements set by individual banks are aligned with the regulator's customer profiling guidelines, which classify customers based on financial behaviour and risk profiles under the S, M and L categories.
Regarding the tighter mobile banking transfer limits, daily transfer ceilings are categorised into three tiers: less than 50,000 baht (S), 50,000 baht to 200,000 baht (M), and more than 200,000 baht (L). The category depends on a customer's risk profile and each bank's know-your-customer assessment.
Bangkok Bank (BBL) recently announced holders of its e-Savings accounts would be required to maintain a minimum balance of 2,000 baht. Customers would be unable to make withdrawals or transfers causing the account balance to fall below this threshold, with implementation scheduled for April 9, 2026.
However, the bank revoked the measure on Tuesday after it sparked widespread criticism on social media.
Chaiyarit Anuchitworawong, senior executive vice-president at BBL, said in a statement the bank previously announced changes to the conditions for two online deposit products: e-Savings and the Bualuang Extra Digital Savings Account.
"The move was intended as an additional step to prevent criminals from using digital deposit accounts as mule accounts, thereby reducing channels for illegal transactions," noting the statement.
However, the bank later assessed the measure would inconvenience customers and decided to postpone its implementation indefinitely.
Supreecha Limpikanjanakowit, executive vice-president of Kasikornbank (KBank), said the bank is reviewing possible clarifications to the conditions for digital deposit accounts.
Customers are currently allowed to transfer up to 50,000 baht per account per day. However, as KBank and its affiliates operate three mobile banking apps -- K-PLUS, Make and Line BK -- the bank plans to introduce a combined transfer limit of 50,000 baht across all three platforms.
The potential adjustment aims to strengthen safeguards against fraud involving mule accounts, in line with the central bank's customer profiling guidelines on transaction limits under the S, M and L risk-based framework, he said.
Following the regulator's measures to tackle mule accounts, losses in the banking system have declined significantly.
Losses this year are estimated at 1.8 billion baht, down from a peak of around 3 billion last year, suggesting the measures are proving effective, said Mr Supreecha. Losses at KBank have also declined.
https://www.bangkokpost.com/business/ge ... e-accounts