Quick Answer: Can a foreigner open a bank account in Thailand?

Foreigners are allowed to open a bank account in Thailand. … You don’t necessarily have to LIVE in Thailand to have a bank account but a bank might ask you some proof of residence, from a work permit, a Thai driving license or a document from the Immigration office.

Can a non resident open a bank account in Thailand?

In principle, a foreigner who has no proof of residence in Thailand can only open a non-resident bank account; however, some Thai-based banks may, depending on their internal policy and discretion, accommodate requests from non-resident customers in opening a resident account with no proof of residence.

Can Tourist open a bank account in Thailand?

Yes, it is possible to open a Thai bank account with only a tourist visa. Most banks that let you open an account with only a tourist visa are usually located in tourist areas. In Bangkok, you might want to go to banks located in Siam, Silom, and Sukhumvit areas.

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Which Thai bank is best for foreigners?

These are the 4 top banks in Thailand for expats:

  • Bangkok Bank. Bangkok Bank —Thailand’s largest bank—is popular for being the most welcoming to foreigners and non-residents. …
  • Kasikorn Bank. …
  • Citibank. …
  • CIMB.

Can I open a Thailand bank account online?

Can I open an account online? As stated above, many banks require you to be present in order to open an account, but major banks such as Bangkok Bank will automatically give you online banking privileges as soon as you open an account with them.

What foreign banks are in Thailand?

Foreign banks (Asian)

  • Bank of China.
  • MUFG Bank.
  • Indian Overseas Bank.
  • Mizuho Bank.
  • Oversea-Chinese Banking Corporation.
  • RHB Bank Berhad.
  • Sumitomo Mitsui Banking Corporation.

How can I open a bank account in Thailand?

Requirements:

  1. Passport and one other official identification document: for example, a reference letter from your embassy, your home bank or a person acceptable to the bank.
  2. You will also need to provide evidence of your address in Thailand as well as your regular address in your home country.

Can non citizens open bank account?

A foreigner can open a bank account in the US. Most small banks only allow US citizens and permanent residents to open up bank accounts. These banks require a social security number, which non-citizens don’t have. … As a non-resident, you can apply for a personal account.

Which is the safest bank in Thailand?

In 2020, Bangkok Bank was named the Most Trusted Bank by Thailand’s BrandAge Magazine.

How long can a foreigner live in Thailand?

Typically, a short term extension of stay is granted up to 30 days for tourist visas or non-immigrant visas, while if you need to extend your stay for longer, on a non-immigrant visa it’s possible to apply for an extended stay for one year, for the following purposes: Business. Education. Marriage.

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What is needed to open a Bangkok Bank account?

Qualifications and Required Documents

Open a current account by depositing a minimum of 10,000 baht at your nearby Bangkok Bank branch. After opening an account, you can purchase personal cheque books with 20 cheques per book.

Is my money safe in a Thai bank?

Can Thai banks be trusted? Yes, they are generally in a very sound financial condition and well regulated. The Thai government offers a conditional guarantee of depositors’ funds, details of which are available here.

Can I use my Bangkok Bank card abroad?

You can use your Bangkok Bank credit card to get a cash advance overseas. Transaction fees apply and interest is charged from the day you make the transaction.

How much do you need to open a bank account in Thailand?

To open a bank account you will be required to place an initial deposit of 1,000 baht and pay a debit card fee for no more than 500 baht.

Can you open a bank account on a tourist visa?

Yes you can. I’m a foreigner who uses a tourist visa to enter America and Bank of America opened a checking account for me. I had to go into the branch with my passport and a driving license and it was opened with $100. You do need to give a US address so statements can be sent out but that’s about it.

How do I open an international bank account?

Opening an account

  1. Proof of Identity. Bring your passport and driver’s license or state ID. …
  2. Proof of Residency. …
  3. Startup Funds. …
  4. A student or work visa if you need one for the country.
  5. A university letter or proof of school enrollment.
  6. A letter of employment or employment contract.
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