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