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Can I buy a condo in Bangkok without a Thai bank account while on a DTV visa?

Bangkok Condo Purchase DTV Visa Thai Bank Account Foreign Ownership Visa Rules Property Investment

Jun 10, 2025

a month ago

Toon *********

ORIGINAL POSTER

Thinking about buying a condo in Bangkok, but as I understand it, it's best to have a thai bank account for the money to pass through. However, I was planning to get a DTV (since I'm too young for a retirement visa) and with the latest changes I understand this prohibits you from getting a bank account (or is not easy anyway). How would I make this work? Is my only option a different visa (which requires more investment)? Or is there some way that if you're planning to buy a condo, you can get a bank account for that purpose?

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TLDR : Answer Summary

When considering purchasing a condo in Bangkok, it's commonly believed that having a Thai bank account is necessary for the transaction. However, you can transfer funds directly from your overseas bank account, which is preferable for foreign property purchases, as it avoids complications like foreign exchange tax if paying in Thai Baht. Additionally, holding a DTV visa doesn't hinder your ability to buy property, as it's possible for both locals and foreigners, even those on tourist visas, to purchase condos in Thailand. After the purchase, individuals can typically open a Thai bank account using documentation related to the condo.

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Stephen ********

I would check Bangkok Bank. While a bank account on anything other than a long term is difficult, I think that owning/buying a condo meets the criteria on a short term visa.

a month ago

Jesper *******

You don't need a long term visa to buy condo....many ppl with tourist visa have bought condos anyway u need a agent to assist you in your purchase they have a way round to open a bank acct with cert in deposit and option to purchase find reputable hosing agents

a month ago

Rok ********

The foreign quota condo must be bought by funds from abroad so you are in luck.

a month ago

Garnett *****************

Don’t you have to be a Thai citizen to own real property in Thailand?

a month ago

Andi ***********

@Garnett ****************

No, many foreigners buy condos.

a month ago

Gerald ********

@Garnett ****************

a month ago

Gerald ********

@Garnett ****************

I think you can buy a condo as your not owning the land like if you bought a house .

a month ago

Reply to

Gerald ********

Joy *****

U need to transfer from overseas to buy a condo in thailand,if not u will need to pay for FET if u buying with thai baht ,after u purchase a condo u can go open a bank account with ur condo snp etc

a month ago

Brandon ************

You don't have to have a bank account to buy a condo, you can transfer the money directly from your home bank account. In fact it can make it easier in some cases, because you're only allowed to buy a condo with money transferred internationally, and that's obvious if you transfer it directly from overseas.

a month ago

Toon *********

ORIGINAL POSTER

@Brandon ***********

the reason i assumed it's best to have your own account is because of the foreign exchange transaction form from the receiving bank that you apparently need to prove stuff later down the line (when selling for example i think?). It just seems that when it's your own account that's one less variable out of your control?

a month ago

Kool *******

@Toon ********

use an attorney for the condo purchases, and for the due diligence that should be done before the purchase. They can also help you get the Thai bank account. The FET becomes important if you sell the condo, and want to transfer that money out of Thailand in the future.

a month ago

Leong ***********

@Toon ********

, you need to specify your name and purpose in the comments field of your transfer- that’s how the FET gets recorded.

a month ago

Reply to

Leong ***********

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