Songkhla Immigration acting chief Col Chutaret Damrongyingyong-sakul said the 40-year-old man had planned to enter Malaysia through Bukit Kayu Hitam after making the withdrawal.
He was believed to have disguised himself as a police chief to cheat a businessman in Khon Kaen, north-eastern Thailand, of 100,000 baht and had also impersonated a postal officer, he told reporters.
Chutaret said the man would call his victim, identify himself as a senior police officer and claim that the victim had a case that had yet to be settled.
He would then ask the victim to transfer 100,000 baht to his bank account as an inducement to settle the case.
Chutaret said the police also raided the man’s house in Danok and found eight bank account books, eight ATM cards and 100,000 baht in cash.
He said Thai police had also arrested a 31-year-old Thai man suspected to have conspired with the Malaysian in opening the bank account.
The two suspects will be handed over to the police in Khon Kaen, he added.
On Monday, it was reported that six alleged Malaysian scam artists were arrested by Thai authorities in Bangkok earlier this month.
Other similar cases have led authorities to believe that Thailand is becoming the new preferred hunting ground for Malaysian scam syndicates.