As an expat, you spend a lot of time moving around, making it more complicated for you to manage your financials and grow your source of income. One of the easiest ways to handle your finance in Thailand is opening a Thai bank account.
Opening a Thai bank account allows you to send and receive money from abroad. Also, since transferring money is a very common payment option among locals, owning a Thai bank account can make your life in Thailand much easier.
Another reason you should have a Thai bank account is to avoid withdrawal fees for ATMs in Thailand. Therefore, having a Thai bank account allows you to save on currency costs and transaction when you need to withdraw money.
Enjoy many financial benefits by opening a Thai bank account, here are the main reason why you will need a Thai bank account.
Earn your money in Thai Baht and open a saving or current account.
Pay your local merchants without cash through your debit card or credit card.
Enjoy the convenience of online baking and using your mobile for transactions, withdrawals, and transfers.
Get paid with the local currency and avoid any conversion fees in banks.
Withdraw cash with a cheaper fee compared to using your foreign card.
A Thai bank account is a necessity if your planning to live in Thailand, read more information at the Thaiger to see if you will be valid to get one
Khun Babbie is the best, she works so hard and she get things done!! We have been loving to work with her. Thank you for all your help and good work.
I trust the process of The Thaiger, great work keep it up.
Without a retirement visa, work permit, or marriage-based Non Immigrant O Visa, opening a bank account can be a nightmare. Thank for letting me try anyways.
Good service with good information, however, i wanted to open an account with KrungThai so your website is missing some information.
Hello, I am from Vietnam and I have always wanted to open a Thai bank account, I was kinda scared and never knew the requirements of opening a Thai bank account, thank you for explaining the steps and procedure to opening a Thai bank account
Not every bank in Thailand is foreigner-friendly. Some banks have an excellent reputation for being more tolerant and welcoming to foreigners than others. Depending on your immigration status and specific needs, you can consider the following banks.
Most foreigners prefer Kasikorn Bank, or K Bank, to open their Thai bank account. They issue cheque books to non-residents. You need a passport and work permit or education-based visa to open your account. The best thing is there is no minimum deposit necessary to open an account in K Bank.
When you want to do cross-border banking frequently, Citi Bank is the right choice. You can get a lot of benefits by opening an account with Citi Bank. If you deposit more than 3 million THB, then your account is automatically upgraded to Gold status, which offers many benefits, and you can earn points to redeem.
CIMB is very popular among foreigners since it allows you to open a bank account using a tourist visa. CIMB is a Malaysian bank group that has a lot of branches all over Thailand. CIMB also offers internet banking services to foreigners.
Don’t be worried that you would be opening yourself up to endless emails and calls.Thaiger-Quick efficient and friendly and a thoroughly professional service. Great service that connects you to people who can help to cut through complicated issues.
Top tip: Things are a lot easier in Thailand when you have a Thai ATM card and an account wether its transfering money, managing your investment or best protections and guarantees.
We can set up your life in Thailand hassle-free with all the essentials thing expats need living in Thailand. One thing that all expats need to do is handle your finances including sending and receiving money from abroad, investments and many more. Having a Thai bank account is the first step to take, your bank account will also helps to make your life in Thailand much easier and enjoyable.
Here is a list of other recommended products by thaiger to ensure that your stay in Thailand is optimal and to make your life easier.
A car loan (also known as an automobile loan, or auto loan) is the total sum of money a consumer borrows in order to purchase a car. Get a car loan with The Thaiger we can help reduce the procedures and save you time.
Motorbikes tend to be significantly cheaper than new cars and but they are still a very larger purchase. If you don’t have the money saved to pay in cash or don’t want to take so much money out of the bank at once, get a motorbike loan.
There are many different accounts available to expats with several different benefits which helps them with their regular financial transactions and it helps you to transfer your money worldwide safely and at cost saving rates
If you are tourist in Thailand and you want to open an account, the best options are Bangkok Bank or CIMB.One of the simplest way to open account is the Savings account. If you are a foreigner or a tourist then the more months left on your visa the better but there’s no limit. You can use any branch all over Thailand and once you are approved by the bank to open an account you will get a bankbook and the debit card
Opening a Current account is only possible if you have a work permit in Thailand as you need to show the work permit to the bank to get accepted.The bank provides a checkbook after you open an account
In Thailand a number of Thai banks have different interest rates for the foreigners and even though the interest rates can be high so it can be hard to secure rate as a foreigner. Foreigners with a work permit use their social security card as ‘ID’ and if you have a residence permit, you should be eligible to receive the ‘local’ rate
There are number of banks in Thailand that provide foreign currency accounts but the exchange fees charged if you want to deposit or withdraw funds are comparatively high
Need quick access to cash? Let us help you get personal loans. When you need a fund for large expenses, personal loans may be the be st option for you. Interest rates are typically lower than credit cards if you have good credit. Also, a Personal loan is a type of unsecured loan. This means that you don’t have to offer collateral if you don’t repay the loan. If you can use it wisely, a personal loan can fill a void in your budget without risking your assets.
Personal loans are instalment loans, meaning if you are approved, you will receive a lump sum of cash that you repat in fixed amounts.
Whether you need to borrow money for large purchases, moving costs, debt consolidation, emergency expenses, or other things, our Personal Loans service can help you out.
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.
Yes they are, they are in generally very sound financial condition. The Thai government offers a conditional guarantee of depositors’ funds, details of which are available here.
Yes, a foreigner, non-resident, expat, or traveler can open a bank account. However, the process is not as easy as it used to be and requires patience and planning.
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.
Unfortunately, Thai banks will only allow you to open an account if you are living in Thailand.
Local banks will help you do your regular banking practices in baht, without any additional fees.
You have to appoint an approved person to withdraw the money. The person who was appointed must carry all documents which are their identity card, copies of ID card or passport with signature attach your signature and passbook to the branch. Anyway, your signature must be similar to the one in the passbook that you signed. . Only at the branch where you keep your account may transfers be made.
Yes, you can freeze your account and card while you’re aboard or expect to not have banking activities for while. you can contact directly to the banks.