Updated: Feb 27, 2021
Thailand is a popular destination for expatriates from across the globe. The country’s vibrant atmosphere, lovely people and interesting culture draw many foreigners to settle here.
Based on Foreign Workers Administration Office, Department of Employment, Ministry of Labour data, 143,487 foreign professionals and skilled workers were living in Thailand as of end-October 2020.
The Expat City Ranking 2020, issued by InterNations, places Bangkok 30th out of 66 cities featured in the study. However, the Thai capital ranks among the top 5 on the Finance & Housing Index, holding 4th place. The Expat Insider survey looks into five areas of expat life in-depth, namely, Quality of Urban Living, Getting Settled, Urban Work Life, Finance & Housing, and Local Cost of Living.
Though Bangkok performs well in the Finance & Housing Index, expat forums in Thailand are still discussing difficulties encountered in opening a bank account in the country, not least as practices and requirements seem to differ from branch to branch even of the same bank.
K PLUS, KBank’s mobile banking application is the solution to all such financial glitches and brings convenience to all expats living in the kingdom. The requirements are consistently applied to all customers – no more hunting for the right branch.
Basic transactions such as money transfers, top-ups, and bill payments are much easier via K PLUS. In addition, there are other features beneficial to expats. Among these is international money transfer which become less hectic as K PLUS does not require paper documents to proceed. Moreover, those sending money don’t have to visit a bank branch to complete the transaction. So far, K PLUS offers money transfer in 12 main currencies to 30 countries. Recipients receive the full amount rapidly and the senders receive e-slips as evidence. The 12 currencies include USD, GBP, EUR, SGD, AUD, HKD, PHP, INR, IDR, VND, KRW and MYR. More information, please visit https://kbank.co/3ngx32e
Other K PLUS features that make life easier for expats in Thailand include Schedule Transfer which allows users to create advanced scheduling for their important payments or create periodic transfers to pay rent or other regular expenses.
Expats can easily top up their funds in their mobile apps to pay for their daily living expenses, including e-wallets and their pre-paid mobile phone expenses with all operators. As soon as they complete the top-up process on K PLUS, the money is immediately transferred and ready to be used.
KBank is confident that K PLUS is the solution expats have been looking for, regardless of their lifestyle, so they can live conveniently in the land of smiles.
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