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Answered4 years ago

Can a foreigner open a bank account in Thailand without a long-term visa?

Dimitris ************
asked Oct 29, 2022
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The group name is “Thai visa advise and everything else” so asking info to open a bank accounts is part of everything else
Answer summary
It is often challenging for foreigners to open a bank account in Thailand without a long-term visa, as many banks have differing policies. While Thai law does not prohibit foreigners from opening accounts without a visa or work permit, individual branches may impose their own rules. Tips include trying various branches, especially in urban areas or near international schools, and bringing a Thai friend for assistance. Some banks may require proof of residence or even an insurance policy, leading to a classic Catch-22. In the absence of success, hiring a visa agent who can assist with bank account opening services is an option.
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Jw ********
Jw ********
Good luck with that!
Braulio *********
Braulio *********
Don’t be so rude.
John-Paul ******
John-Paul ******
Bangkok Bank and K bank will open and account... savings though. Will give you an ATM debit card also. Might depend upon which branch... the day of the week and who you speak to... so it is no in the morning... then go back after lunch... this is Thailand... things change for no reason...lol.

Been told by both banks that with 45 day one can have an account.
Shane ********
Shane ********
Just tell them you will be their 2000 baht accident insurance and you'll get a bank account with a 30 day visa exemption stamp...money talks in Thailand
Shane ********
Shane ********
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Paul ********
Paul ********
Everything else is that bank accounts are needed to get a visa
John-Paul ******
John-Paul ******
Stuart *********
Stuart *********
Classic Catch-22. You need a bank account for a long term visa but Bank Manager says you can’t open an account without a long term visa.

There is nothing in Thai law that prohibits a foreigner from opening a bank account - with or without a long term visa or work permit. That said each branch of each bank has its own rules and some won’t allow it yet some will. If one branch won’t allow it walk along to the next one. Try shopping mall branches, or ones close to an international school who are well used to people needing an account but have no long term visa.

If you’re in a major city or tourist centre then you’ll more likely have luck at some branch. Ask in a local Facebook group for that area who’s had success and what bank/branch. If you’re in the boondocks in Nakhon Si Nowhere then you may be out of luck.

Some banks/branches will ask you to take out a insurance policy to open an account. You may get away politely refusing, as they know it’s not mandatory, but probably won’t.

Some may want a “proof of residence” from an embassy or immigration. Again another classic Catch-22. A number of immigration offices will only issue this is if you’ve done a 90 day report, but you need a long term visa to have done a 90 day report. You may have better luck at your embassy, but don’t hold your breath.

Taking a Thai friend along may help in some instances, but no guarantee you’ll get an easier acceptance.

Perhaps show a wad of cash and say I need to deposit this somewhere. Again it may not help.

Unfortunately it’s just hit and miss.

Failing any luck yourself put a shout out for an agent to help. Generally visa agents offer a bank account opening service. Expect cost to be circa 5,000 baht.
Edwin ********
Edwin ********
@Stuart ********
Hey, thanks for the shout out to "Nakhon Si Nowhere" (not quite, tho I suppose that is part of this place's charm for me, so you all just keep staying away, unless you want to teach here or something, in which case you are very welcome.) Otherwise, excellent and well-considered advice, as usual, @Stuart Cumming.
Otto *********
Otto *********
@Stuart ********
pretty much exactly on the point!
Miguel *************
Miguel *************
@Stuart ********
opening a bank account is offering a bank extra income, so they should actually be happy for the opportunity - it is also extra capital invested in the country. Apparently, that is often not the case.
Braulio *********
Braulio *********
@Miguel ************
This is Thailand….
Kool *******
Kool *******
@Miguel ************
the international bank reporting rules for foreigners changed about five years ago, and because of that extra paperwork most don't even want to deal with it, unless you have a work permit, and are going to direct deposit your paycheck into their bank. Or that you are retired, and the money involved with that. There is a point with a new account where, because of the extra reporting requirements, it is not profitable for the bank with just small deposits.
Miguel *************
Miguel *************
@Kool ******
yes, that makes perfect sense. As above, especially if you're an American.
Stuart *********
Stuart *********
@Miguel ************
“Too much hassle” is probably the reason many won’t. Especially if you’re American. The paperwork they need for that is insane.
Miguel *************
Miguel *************
@Stuart ********
Ah, yes, that can be a nightmare.
Dimitris ************
Dimitris ************
OP
@Stuart ********
thank that’s valuable info
Lyndon ************
Lyndon ************
@Dimitris ***********
not that valuable... A quick search of the group elicits such information and much more about opening a bank account for free

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