NOTE: Opening a bank account in Thailand service is currently not available to foreign nationals holding a Tourist Visa.
If you intend to retire in Thailand or perhaps stay in the country for a longer period, opening a Thai online bank account is a must. It will be much simpler for you to handle your retirement savings from abroad or receive money to pay for your travel expenses. The good news is that it’s fairly simple to locate the ideal bank for you, and it’s also not too difficult to open a Thai bank account online. However, you’ll inevitably run into some obstacles if you don’t have the right documents and don’t know the fundamentals of opening a bank account in Thailand.
Usually, banks in Thailand require too much documentation for a foreigner who wishes to open a bank account in Thailand. Siam Legal makes it easier for you, by assisting in opening a bank account in Thailand.
Types of Bank Accounts available for Foreigners to open in Thailand
You may open one of the following bank accounts, depending on the type of visa you are holding:
- Current accounts
- Savings accounts
- Fixed-term accounts
- Foreign currency accounts
Choosing to open a savings account will net you a passbook and is considered equivalent to a current account. You can also acquire debit cards, albeit at an annual fee.
Unfortunately, Foreigners in possession of a Tourist Visa are not eligible to open a bank account in Thailand. Only those with a long-term visa (such as a Thailand Privilege Visa or LTR Visa) are allowed to open a bank account in the country. If you want to open an account here as a tourist visa holder, you will need to acquire a long-term visa as a result.
Benefits
- Able to open a savings account with Bangkok Bank
- You will receive a bank book and a debit/ATM card
- The use of online banking is subject to approval by the bank manager.
Eligibility
- Foreigners who are currently in Thailand on a long-stay visa such as non-immigrant visa
- Work permit and immigrant residence certificate are not required
Requirement
Siam Legal provides you with a guarantee letter and will personally assist you to the bank to ensure a fast-track, convenient process.
Process
Must be physically in Thailand. We will assist you personally with a Thai bank. This includes applicants located in Bangkok and Chiang Mai. For those living in areas not mentioned above, you have to travel to the nearest location where you currently are.
Service Fees
Our service fee is 5,000 THB + 7% VAT for opening a local Thai savings account.
BONUS
If you are currently in Bangkok, we provide free consultation on any Thai visa-related inquiries.
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