Foreign Residents Hit by Thai Banking Restrictions

[etfs]

Expatriates in Thailand are reporting frozen accounts and banking restrictions, as authorities tighten rules to curb mule-account fraud.

️ Complaints include:

Weeks-long freezes without explanation

Forced in-person biometric registration

Strict new KYC requirements for larger transfers via mobile apps

“This is impacting innocent people trying to run businesses or pay rent,” one expat shared on social media.

Some merchants have even paused QR code payments, while others are withdrawing funds fearing sudden freezes.