How to Open Bank Account in Thailand

If you are looking to open a bank account in Thailand, you can choose from any of the below mentioned types.

Savings Account

A tourist can even open a savings account with some Thai banks. According to the Bangkok Bank’s guidelines a 30-day arrival stamp is enough for the work.

Current Account

If you are carrying a work permit, you can open a current account. However, in return you will receive only a cheque book and not a passbook.

Fixed Term Accounts

Although, it can be little tough to secure same rates for the fixed amount as a foreigner, there are some leeway too. Let us talk if you are planning to open a fixed term account.

Foreign Currency Accounts

Quite a number of banks are allowing to open foreign currency accounts in Thailand. Though, it may sound to be a good idea, it can be a little expensive affair for some. However, you can expect to be charged a lower fee if transacting in large amounts.

Now that you know the available bank account set-up options, you must also be aware of the documents required for the same. If you need to open a bank account in Thailand;

For Corporate

1. Passport
2. Photo identity or reference letter from your home embassy or lease agreement and utility bills
3. Work permit, if there (sometimes it is mandatory with a few banks like UOB)
4. Non-immigrant B visa for business/work,
5. O-A long-stay visa, or a 3 year non-immigrant visa for business
6. Proof of Thai residency
7. Proof of property ownership in Thailand
8. Copy of Company Registration

For Personal

1. Passport
2. Photo identity or reference letter from your home embassy or lease agreement and utility bills
3. Work permit, if there (sometimes it is mandatory with a few banks like UOB)

We may be able to help you with your bank account set-up. Write to us at [email protected] for the same.