Opening a bank account is a must in Thailand, even moreso when you want to buy property in the country. Learn about the steps and requirements needed to open your account.
What Do I Need to Provide?
Depending on your situation, you will need to provide the bank of your choice:
- Copy of your Non-Immigrant B visa or your long-term residence permit
- Your passport
- Proof of residence in your country of origin or address in Thailand
Some banks may also ask you for other proof. Refer to the bank websites’ English version for more information.
For expatriates, the process of opening an account is more or less time consuming depending on whether you have a work permit or not. In the case that you don’t have a work permit, be aware that most major Thai banks will still allow you to open a current account.
Is it Possible to Open an Account in Thailand from Abroad?
Opening an account in Thailand usually requires your physical presence in an agency to sign the various contracts or account agreements.
Which Bank Do I Choose?
Expatriates opening an account generally use the largest banks in the country that are considered reliable and offer better customer service. These are Bangkok Bank, Kasikorn Bank, Siam Commercial Bank SCB, and Krungsri Bank.