News Forum - Thailand to postpone new cash deposit machine rule after backlash

[Thaiger]

The implementation of Thailand’s new cash deposit machine (CDM) rule will be postponed after customers complained it would cause unnecessary inconvenience and extra fees for people who do not use credit/debit cards. The new rule will require anyone depositing money into their bank account using a CDM in Thailand to verify their identity with their debit/credit card and PIN number. The Anti-Money Laundering Office (AMLO) said the new measure would prevent money laundering earned from drug trafficking, gambling, and other criminal activity. The new measure was set to be introduced on November 15. Currently, you can deposit cash into a […]

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Alternatively, cash can be deposited into an account inside the bank branch itself using the bank’s counter service.

Great... another hour's wait time added to an already cumbersome process.