Open a bank account in Thailand

Last edited: September 03, 2017 at 14:52:33

If you stay in Thailand for more than a few weeks, having a local Thai bank account has some benefits and certainly it's cheaper to use a local ATM card than withdrawing money with your international ATM.

Benefits of having a Thai bank account

The benefits of having a local Thai bank account are many and depend on your situation:

  • You can use a local ATM card, allowing you to withdraw money from your account for free at a very extensive network of ATMs all over the country and pay at shops without hassle (there can be very minor fees when you withdraw in other provinces).
    Typical ATM withdrawal fees for foreign ATM are nowadays about THB 200 per withdrawal (maximum withdrawal amount about THB 20,000-30,000 depending on the bank).
  • Most airline tickets can be bought online with the Visa Debit option on your ATM card (after activation), allowing you to pay in THB without any additional costs. If you make (online) payments in Thailand using a foreign credit card there are always exchange rate charges.
  • You can easily transfer funds into Thailand using conventional payment channels such as banks, but also using modern and often cheaper online payment channels such as Paypal, TransferWise or Dollar Smart in combination with your local bank account. This saves you costs and makes things easier.
  • In order to transfer funds out of Thailand you also need a local bank account.
  • You can open a Foreign Currency account, which allows you to receive for example USD into your account and keep them there until you decide the exchange rate is good enough to convert them into THB.
  • You can use online internet banking, allowing you to manage your account from anywhere, even if you're not in Thailand. You can also use the online banking app on your smartphone.
  • If you want to buy a property in Thailand, you need to have a bank account in your own name.
  • If you want to apply for a Retirement Visa, you need to hold THB 800,000 into an account in Thailand.
  • Other standard banking services such as: investment products, insurance products, mutual funds, deposits, saving accounts, etc.

How to open a local bank account in Chiang Mai

Not all banks in Chiang Mai allow foreigners on a tourist visa to open a bank account, there are even differences in requirements amongst branches of the same bank. With our services and connections we can guarantee you to open a local bank account in one of Thailand's largest banks.

We can help you:

  • to get a local bank account
  • to get an ATM card
  • to get online internet banking
  • tourist visa accepted
  • full assistance and translation
  • 100% success rate

Fees & charges:

  • THB 800 only for our full assistance service including translation and guarantee
  • THB 500 for a Residence Certificate (not necessary for all foreigers, depends on your visa type)
  • THB 300 if you wish to have an ATM card (recommended)


Leave a comment

Your email will not be displayed on this website, but we can answer you if needed.