Bank Account in Thailand

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  1. #1

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,110

    Bank Account in Thailand

    Has anybody here been successful in opening a bank account in Thailand?

    If so which bank did you use, how easy was the process and what documents do they require?

    Also is there a minimum balance requirement.

    Thanks


  2. #2

    Join Date
    Jul 2007
    Location
    TST and Macau
    Posts
    1,496

    I opened one with Kasikorn Bank about 3 years ago. After shopping around for a while they were the only ones who would do it for a non resident. Internet banking is smooth as long as you have a Thai SIM to receive pin codes per SMS. Transfers from my HSBC account in HK arrive usually on the same day afternoon if effected in the morning.

    I needed my passport and a Thai address but a Hotel address was ok. Not sure about the regulations now, but I will be in Bangkok in about a week and could ask.

    Even though I am a premier customer with HSBC, their branch in Bangkok is more or less useless as they operate under a different set of rules than the local banks. Cant't deposit local currency or receive local transfers, which is no problem with Kasikorn.

    Last edited by hktraveller; 17-10-2012 at 03:06 PM.

  3. #3

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,110

    If you dont mind.

    The reason i ask is i have a property completing there in April 2014 (although its about 3 months ahead of schedule) and I would like a Thai bank account to either collect rent or sale price.

    Thanks.