Are there any protections for funds in Thai banks holding foreign currencies, similar to the FDIC in the US?

With Bangkok Bank, it is called a Foreign Currency Deposit account, and takes a minimum of $1000 in your foreign currency to open. You can not open it with Thai baht. The advantage for this is your foreign cash sits in your account and is not exchanged into Thai baht until you choose to, and at a better exchange rate, the TT rate, than exchange booths, or the posted bank rate. As long as your account balance does not drop below $250, there is no fee, but if the balance drops below that then there is a $10 monthly fee. I have had my FCD account with Bangkok Bank for 9 years, with no problems. Oh, and all bank accounts now are insured for bt200,000 after the financial problems in .

Best condition is scb i think😉 but remember you can only get thai bath, if you want your currency back fee is 1%

Yes you can get $€£¥ accounts, i dont believe they are insured

Just don't get involved in any "get rich quick" schemes offered by your friendly bank manager! 🤣

23/foreigners-accuse-pattaya-banker-of-fraud

There are no insurance in Thailand like the FDIC. If a bank fails the money is gone. However some banks are partially owned by very powerful people or by the military, I wouldn’t worry about the banks failing.