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Thailand Reduces Money Protection in Thai Banks – Is Your 800,000 Baht Retirement Proof of Income Protected?

Thailand Reduces Money Protection in Thai Banks – Is Your 800,000 Baht Retirement Proof of Income Protected?

Individual depositors (Thais or foreigners) are automatically protected upon opening a deposit account with a Thai financial institution, as set in the Deposit Protection Agency Act. From August 11, 2021, and onward. Thai banks are to provide deposit insurance or deposit protection for only 1 million baht, per individual account holder in one financial institute. […]

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