My US bank advised me to carry funds with me for deposit into a new Thai bank account in the form of a "cashier's cheque" issued to me by my bank. I would have willing to carry cash but it was advised that airport security might be suspicious. So, for security reasons I accepted the cashier's cheque.
As soon as I arrived to my new Thailand home, I opened a savings account with a Thai bank with a minimum require amount of cash and the cashier's cheque for a large amount. The bank manager sent the cheque to Bangkok for "clearing," a normal procedure.
The cheque came back to the bank not cleared! We were told that the Thai bank industry's clearing system cannot process cashier's cheques! The two US banks having branches in Bangkok are doubtful. CitiBank has eligibilty regulations for new customers for which I do not quality (must be employed in Thailand). No reply from
JPMorgan-Chase Bank. My US bank is resistant to taking the cheque back to be redeposited into my US bank account.
A lesson and a warning to others!