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Banking in Thailand, as with many things, varies with the Day - Bank - Moon - and just about any
other thing you can imagine

NOTE: There are tough regulations regarding Bank-to-Bank transfers in excess of US$19,999.
The simple rules states that 30% of the total will be withheld for 1 year, interest free. However,
there are many exception to this rule.  Check with the Bank.

If you plan to transfer money into Thailand 'bank-to-bank', then it is a good idea to choose both
banks that are part of the international
'SWIFT' organization. With this set-up one bank
recognises another bank by it's
'swift code', and often results in a 2 to 3 working-day complete
transfer process. Many 'local' banks in the USA are not part of this organization,

The banking sector in Thailand is almost exclusively made up of big Thai banks (Bangkok Bank,
Siam Commerical Bank and Kasikorn Bank being the major players)

-  Foreigners cannot open a Checking Account in Thailand without a work permit.  They will allow
foreigners to open Savings Accounts (most businesses do not accept checks anyway).

-  If you are retired, you can get a Savings Account without a work permit.

There are a few documents you will need to submit in order to establish an account.

- Unless you are a business, you can only open a Savings Account
- Foreigners cannot open an account at branches located in the major shopping centers.  You
must go to a full service branch.  
Siam Bank & Bangkok Bank will now open account for
foreigners at the 2 major shopping Centers in Chiang Mai.  Don't know about Bangkok.
- Internet Banking is available but you must ask for it.  There is a separate form to fill out.
- You must request an ATM card.  They will not automatically give you one.

Thai banks provide a wide range of services throughout the country. Most foreign banks are
represented, however, at this stage they offer limited services to the individual consumer.
Banking hours are generally from 08:30-15:30, Monday through Friday, except on public and bank
holidays. It is best to confirm the business hours of your chosen bank at the time of opening an

All banks require several forms of identification (i.e. passport, work permit, current credit cards,
etc.) and most will request a letter of introduction from your employer along with details of your
current visa status. Phone ahead to determine what your bank requires. Usually, it comes down
to the following:

If you are retired, you need your Passport;  VISA Status and a copy of your rental contract from
your landlord.

NOTE:  As of August 2014, Siam Commercial Bank will no longer let you do a cash advance at
the Bank counter.  They will refer you to their ATM machine.  ATM fee is 180 Baht per transaction.

·         Passport with VISA Status
·         Work Permit (Not needed for Retirement VISA)
·         Require Thai Nationality reference (For International Bank Account only)
·         A minimum deposit amount 500 Baht for a Thai bank and 5,000 for Standard Charter Bank or
         100,000 Baht for HSBC
         (The remaining amount of each month must not less than 500,000 Baht)
·         The minimum deposit at the International Bank Account as US Dollar is up to the bank such
    as USD 10,000 for Standard Charter Bank or USD 15,000   for HSBC.
·         Recommendation letter from an origin country bank (For International Bank Account only –
        Deposit as US Dollar)
·         The first deposit for the International Bank Account must be transferred from oversea only.

ATMs can be easily found all over Bangkok for the withdrawal of Thai Baht. At some machines it
is also possible to take cash advances from Visa, MasterCard or American Express provided you
have a registered pin number. The ATMs that can handle these transactions are clearly
designated with the credit card logo. You can apply for ATM card at the same time you open an
account. The fees are up to a kind of ATM card as following:

Remark: The above rate is in Thai Baht.

Suburban branches of the larger local banks are widespread and can be more convenient for
long-term residents. At the main branches, English is spoken and the staffs are usually most
helpful. For easy withdrawal access, lodge your signature at the local branch as well as the
parent branch. N.B. If you wish to withdraw at a branch other than the one you opened your
account with, identification will be required (usually your passport). Determine all fees and
charges up front so there are no surprises at the end of the month.

If your stay in Thailand is short-term and your funds are not paid in Baht, maintaining your
overseas accounts may be your best option. Check with your bank to see what (if any) services
they provide overseas. Larger international banks offer telephone banking and this service is
accessible to overseas customers. Listed below are head offices for banks represented in
Bangkok. Thai banks have many branches, addresses of which can be found in the telephone
directory or check with the main office.

ANZ Bank Rep Office, 9th Fl, Diethelm Tower A, 93/1 Witthayu (Wireless) Rd. 24 hours. Tel:  0-
2256-6350, 0-2256-6358. Fax: 0-2256-6347. Telex: 21583. Restricted services offered; telephone
for information.

Bangkok Bank 333 Silom Rd. Tel: 231-4333. After hours: 0-2230-2345. Fax: 0-2231-4233.

Bank of America Bank of America Center, 2/2 Witthayu (Wireless) Rd. Tel: 0-2250-0775-7  Fax: 0-

Bank of Ayudhya 1222 Rama III Rd. Tel: 0-2296-2000, 0-2683-1000. Fax: 0-2683-1304.

Bank of Tokyo-Mitsubishi Harindhorn Tower, 54 Sathorn Nua (North) Rd. Tel: 0-2266-3011. Fax: 0-

Chase Manhattan Bank Bubhajit Bldg, 20 Sathorn Nua (North) Rd. Tel: 0-2234-5992-5, 0-2238-
1720-4. Fax: 0-2234-8386.

Citibank 82 Sathorn Nua (North) Rd. Tel: 0-2232-2000. Fax: 0-2639-2560.

Credit Agricole Indosuez 152 Witthayu (Wireless) Rd. Tel: 0-2651-4590-2. Fax: 0-2651-4586-8.

Deutsche Bank Wireless Bldg, 208 Witthayu(Wireless)Rd. Tel: 0-2651-5000. Fax: 0-2651-5151

HSBC Uchu Liang Bldg, 968 Rama IV, Bangrak. Tel: 0-2614-4000. Fax: 0-2632-4818.

National Australia Bank Rep Office, 16th Fl, Sathorn Thani I Bldg, 90 Sathorn Nua (North) Rd. Tel: 0-
2236-6016-7. Fax: 0-2236-6018. Restricted services offered; telephone for information.

Siam Commercial Bank 9 Rachadapisek Rd, Lad Yao. Tel: 0-2544-2828-9, 0-2544-1111. After
hours: 0-2544-5000. Fax: 0-2937-7645, 0-2937-7704.

Standard Chartered Bank Abdulrahim Place, 990 Rama IV Rd. Tel: 0-2724-2000 Fax: 0-2636-1199.

Kasikorn Bank PCL: 1 Soi Thai Farmers Lane, Rat Burana Rd. Tel: 0-2470-1199, 0-2470-1122. Fax:
0-2470-1144 -5. After hours Emergency 0-2888-8888

Westpac Banking Corp Rep Office, Unit E, 8th Fl, Kamol Sukosol Bldg, 317 Silom Rd. Tel: 0-2234-
2650. Fax: 0-2231-0015. Restricted services offered; telephone for information.

Credit cards are widely accepted and most businesses display stickers for those they will
accept. To avoid problems with lost/stolen credit cards, register your card with Credit Card
Sentinel offices in Australia Sydney Tel: (61-2) 9978-9388, New Zealand, UK, Canada and USA.

·  American Express SP Bldg, 388 Pahonyothin Rd. Tel: 0-2273-5100. After hours for lost cards,
Tel: 0-2273-0022. Mon - Fri 0800 to 1700 hrs.

·  Diners Club 12th Fl, Silom Bldg, 191 Silom Rd. Tel: 0-2238-2920-9, 0-2238-2910. After hours: 0-

·  Master Card For lost or stolen credit cards Tel: 0-2256-7326-7 (24 hours).

·  Visa Card Local banks and some foreign banks issue Visa cards. For lost or stolen cards,
Tel:     0-2256-7326 -7 (24 hours).

·  American Express SEA Tour Office, 4th Fl, Siam Centre, Rama I Rd. Tel: 0-2273-5100, 0-2273-
0044. After hours 0-2273-0022. Thomas Cook 12th Fl, Sathorn City Tower, 175 Sathorn Tai (South)
Rd. Tel: 0-2679-5521 -3.

Major currency bills and travellers cheques are cashed easily at hotels, tourist shops, all
provincial banks, shopping centers and moneychangers. Travellers cheques are best changed in
banks; you will need your passport. Rates of exchange at banks or authorized moneychangers
are better than those at hotels and department stores. Current exchange rates can be checked
in daily newspapers, at banks and at moneychangers.

For the expatriate living in Thailand, the most important financial regulation is the Exchange
Control Act, which regulates the amount of foreign currency a bank may issue to any person.
Consult with your bank manager concerning your individual requirements regarding remittances
of funds and foreign travel
ATM Types
Registration Fee
Annual Fee
Service Area
Normal Card
Thailand Only
Premier Card
Thailand Only
Visa Electron
Relevant Documents for Opening Saving Bank Account
Automatic Teller Machines (ATM's)
Choosing Your Bank - Long-Term Residents
Choosing Your Bank - Short-Term Residents
List Of Banks
Credit Cards
Travelers Checks
Currency Exchange
Foreign Exchange Control
Don's Life In Thailand
Banking In Thailand
Contents of this Page
Relevant Documents for Opening Saving Bank Account
Automatic Teller Machines (ATM's)
Choosing Your Bank - Long-Term Residents
Choosing Your Bank - Short-Term Residents
List Of Banks
Credit Cards
Travelers Checks
Currency Exchange
Foreign Exchange Control
Open Savings Account in US Dollars (or any foreign currency)