Quick Answer: Can a foreigner open a bank account in Thailand?

Can a non resident open a bank account in Thailand?

In principle, a foreigner who has no proof of residence in Thailand can only open a non-resident bank account; however, some Thai-based banks may, depending on their internal policy and discretion, accommodate requests from non-resident customers in opening a resident account with no proof of residence.

Which Thai bank is best for foreigners?

These are the 4 top banks in Thailand for expats:

  • Bangkok Bank. Bangkok Bank —Thailand’s largest bank—is popular for being the most welcoming to foreigners and non-residents. …
  • Kasikorn Bank. …
  • Citibank. …
  • CIMB.

Who can open bank account in Thailand?

Requirements:

  • For foreigners: Passport, alien certificate, work permit issued or endorsed by any credible organization or visa which is valid for at least 3 months.
  • For international students: Passport and student certificate issued by school/college.

Can I open a bank account in Thailand online?

Can I open an account online? As stated above, many banks require you to be present in order to open an account, but major banks such as Bangkok Bank will automatically give you online banking privileges as soon as you open an account with them.

THIS IS INTERESTING:  What are the main features of agri tourism?

Can Tourists open bank account in Thailand?

Yes, it is possible to open a Thai bank account with only a tourist visa. Most banks that let you open an account with only a tourist visa are usually located in tourist areas. In Bangkok, you might want to go to banks located in Siam, Silom, and Sukhumvit areas.

What is the safest bank in Thailand?

Its International reach is noteworthy; the Bangkok Bank has 31 offices in 14 countries. In 2020, Bangkok Bank was named the Most Trusted Bank by Thailand’s BrandAge Magazine.

What foreign banks are in Thailand?

Foreign banks (Asian)

  • Bank of China Ltd.
  • MUFG Bank.
  • Indian Overseas Bank.
  • Mizuho Bank, Ltd.
  • Oversea-Chinese Banking Corporation.
  • RHB Bank Berhad.
  • Sumitomo Mitsui Banking Corporation.

How much do you need to open a bank account in Thailand?

How much money is needed to open an account? To open a bank account you will be required to place an initial deposit of 1,000 baht and pay a debit card fee for no more than 500 baht.

Can you open a bank account as a foreigner?

A foreigner can open a bank account in the US. Most small banks only allow US citizens and permanent residents to open up bank accounts. … However, larger banks such as US Bank, TD Bank, Bank of America, Chase, and Wells Fargo will allow non-residents to set up a checking account and a savings account.

What is non resident baht account?

(2) Non-resident Baht Account (NRBA): The account may be debited or credited for general purposes (i.e. other than investment in securities) such as trade, services, foreign direct investment, investment in immovable assets, and loans. … Transfers between different types of accounts are not allowed.

THIS IS INTERESTING:  You asked: What is a foreign partner in an LLC?

How long can a foreigner live in Thailand?

Typically, a short term extension of stay is granted up to 30 days for tourist visas or non-immigrant visas, while if you need to extend your stay for longer, on a non-immigrant visa it’s possible to apply for an extended stay for one year, for the following purposes: Business. Education. Marriage.

Is my money safe in a Thai bank?

Can Thai banks be trusted? Yes, they are generally in a very sound financial condition and well regulated. The Thai government offers a conditional guarantee of depositors’ funds, details of which are available here.