Bank of Thailand sets 5 million baht limit on unexplained cash deposits
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BoT proposes cash transaction scrutiny for property buyers
The Bank of Thailand has opened a public hearing on new rules requiring banks to scrutinize cash transactions of 5 million baht or more, particularly for high-value property purchases. Separately, new daily transfer limits for youths (3,000-10,000 baht based on age) will be phased in by September and October 2026. No immediate action is required from expats, as the rules are still under consultation.
Bank of Thailand sets 5M baht cash deposit explanation threshold
Thailand's central bank is intensifying anti-money laundering efforts, requiring banks to demand source-of-funds explanations for cash deposits above ฿5 million and expanding monitoring of suspicious accounts and luxury property purchases. Expats making large cash deposits should expect stricter documentary requests or account reviews.