BillaRickaDickay wrote: ↑May 22, 2019, 4:50 am
According to Wikipedia, Woody's compensation scheme is inaccurate, it is 1M baht not 10M, well below that of the UK's 3.2M bht, see following link
If you are going to use a source for your information you should understand that
Wikipedia is never authoritative. Ask any university student or school student (who goes to a good school) and they will tell you that if they use Wikipedia as a reference they will fail the assignment
It is a general guide with many faults and bad information. It is wrong about the bank guarantee
BangkokBank wrote:The Deposit Protection Institution Act took effect on August 11, 2008. Since then, the initial full-coverage protection limit of 100 million Baht per depositor per financial institution has been continuously reduced, to 50 million Baht on August 11, 2012 and to 15 million baht on August 11, 2016. From August 11, 2020, the Deposit Protection Agency will lower the deposit coverage limit to 1 million baht.
The projected reduction in the guarantee has been postponed before and may be again.
So when the UK introduced it's generous £85,000 guarantee Thailand brought in a £1,500,000 guarantee =D>
Having seen that it is you source of information explains exactly why you are so badly wrong.
Citing Wikipedia is as good as saying "some bloke down the pub told me" and basing anything on what you were told rather than doing your own research from reliable sources.