Open a bank account in Thailand

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Last edited: August 04, 2024 at 06:19:22

If you stay in Thailand for more than a few weeks, having a local Thai bank account can offer a lot of benefits and certainly it's cheaper to use a local ATM card than withdrawing money with your international ATM.

Benefits of having a Thai bank account

The benefits of having a local Thai bank account are many and depend on your situation:

  • You can use a local ATM card, allowing you to withdraw money from your account for free at a very extensive network of ATMs all over the country and pay at shops without hassle (there can be very minor fees when you withdraw in other provinces).
    Typical ATM withdrawal fees for foreign ATM cards are nowadays about THB 200 per withdrawal (maximum withdrawal amount per ATM transaction is about THB 20,000-30,000 depending on the bank).
     
  • Enjoy credit card facility to book airline tickets online and make (online) purchases without currency conversion fees. If you make (online) payments in Thailand using a foreign credit card there are always exchange rate charges which can be significant.
     
  • You can easily transfer funds into Thailand using conventional payment channels such as banks, but also using modern and often cheaper online payment channels such as Paypal, TransferWise or Dollar Smart after you connect them to your local Thai bank account. This saves you costs and makes things easier.
     
  • In order to transfer funds out of Thailand you need a local bank account as well as papers proving the source of the funds. If you have problems wiring funds out of Thailand, contact us for alternative wiring solutions.
     
  • You can open a Foreign Currency account, which allows you to receive for example USD into your account and keep them there until you decide the exchange rate is good enough to convert them into THB.
     
  • You can use online internet banking, allowing you to manage your account from anywhere, even if you're not in Thailand. You can also use the online banking app on your smartphone.
     
  • If you want to buy a property in Thailand, you need to have a bank account in your own name.
     
  • If you want to apply for a Retirement Visa, you need to hold THB 800,000 into an account in Thailand.
     
  • Other standard banking services are available such as: investment products, insurance products, mutual funds, deposits, saving accounts, etc.

How to open a local bank account in Chiang Mai

Unfortunately, new regulations do not allow foreigners on a tourist visa to open a bank account. You need a 1 year (non-immigrant) visa.

Further, it depends on your personal situation and additional papers. Also, even with the same rules and requirements, there are differences in actual practices amongst branches of the same bank. With our services and connections we can guarantee the opening of an account to you in one of Thailand's largest banks. We will select the bank that suits your needs most.

We can help you:

  • to get a local bank account
  • to get an ATM card
  • to get online internet banking
  • to get a credit card facility
  • tourist visa accepted
  • full assistance and translation
  • 100% success rate

Fees & charges:

  • THB 800 only for our full assistance service including translation and guarantee
  • THB 500 for a Residence Certificate (not necessary for all foreigers, depends on your visa type)
  • THB 300 if you wish to have an ATM card (recommended)

MAKE AN APPOINTMENT NOW TO GET YOUR THAI BANK ACCOUNT WITHIN A DAY

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What do you think about this article?

Sanda Khine Posted on December 10, 2024 at 15:35:20
I would like to open the Bank account in Chiangmai . I have arrived in Chiang Mai for the second time. My visa is a six-month Multiple Visit Visa. I would like to open a bank account in Chiang Mai. I understand that it may not be possible with a tourist visa. However I am currently working as a manager at a travel company and At present, amidst Myanmar's political challenges and difficulties, conducting international financial transactions has become increasingly challenging. Additionally, to facilitate smoother transactions while collaborating with tourism operators in Thailand, I wish to establish more convenient payment processes.

I would appreciate it if you could assist me if you have a way.

Thank you
Admin Posted on October 09, 2024 at 14:38:16
@Adam: No, you cannot open a bank account while not being present at the bank desk.
Adam Posted on October 09, 2024 at 14:36:24
I have been to Thailand 4 times. I want to live in Thailand permanentny. I am a pensioner. I am 70 years old. Canal open a bank account in Thailand while in my country (POLAND) ? I would like to transfer money from my pension needed for a long - term visa deposit (800.000 THB). Thaks in advance for your answer. Best regards.
Aniket kumar Posted on January 08, 2024 at 23:53:59
Hi,
I got your contact from your Facebook page actually I want to open a bank account in Thailand, I will be there on tourist visa someone mentioned on Facebook group that you can assist with opening account.
Jay Posted on January 30, 2023 at 23:09:39
Bangkok bank is pretty lenient on this.
Just need passport and TM30 from immigration office.
They will try to sell u the expensive ATM card though
ronald Posted on January 11, 2023 at 04:13:37
i would like to know if i need to be in thailand for you to open the bank account , i am right now but will be leaving this thursday 12th
i like to open a thai bank account and be able to transfer funds for my next holliday using e banking and have a thai atm card and the option of paying by QR code , my local currency is euro
im planning on returning to thailand at the end of the year for another 3 week stay not sure wat laces i will visit besides chiang mai and bangkok but planning on traveling around
i allready have a visa card in euros that gives reasonable exchange ratewhen ayingonline , i would only like a vesa card in thai currency if there a real advantage in paying stuff from home in thailand
considering staying in thailand after my retirement
CM Locator Posted on August 16, 2022 at 05:59:57
@James: If you stay in a guesthouse most likely you won’t get a proof of residence, without it, you won’t be able to open a bank account.
James Posted on August 15, 2022 at 23:28:09
RE: OPEN A BANK ACCOUNT: I will be in Chiang Mai just a few days less than 3 months on a 90-Day/Single Entry Tourist Visa. I may or may not stay at the same place, more likely a guesthouse rather than a condo. Is it still possible to get a Proof of Residence in order to open a bank account? Are you able to help me open a bank account if I cannot the Proof of Residence? Thank you.
Alex Posted on July 29, 2022 at 09:48:00
hi there , if you read this gmail , please reply me ASAP

i will pay more than 4.000 baht if u can help me open kasikorn or SCB bank account with internet banking ,
this 01 august i will be in Thailand ,
contact me please .
alexfandi7@gmail.com
LINE : alexfandii
Tori Posted on December 21, 2019 at 16:59:16

I am registering an offshore company, in which bank should I open an account?
Alucard Posted on September 08, 2019 at 09:07:57
I'm here on a Visa Exemption, can I still open a bank account?
John Posted on August 11, 2018 at 22:50:32
Can I open a account even though I currently don’t live in Chiang Mai.

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