Can I open both a foreign currency (GBP) and Thai baht account at the same bank in Thailand on a 90-day non-immigrant visa?

Hello

@St***

, it's great to see you're planning your banking arrangements in Thailand! Opening both Thai Baht and foreign currency accounts can be a smart move, especially if you regularly deal with multiple currencies. Opening a Foreign Currency Account (Sterling) alongside a Thai Baht Account: Yes, it's generally possible to open both types of accounts at the same bank in Thailand. Many Thai banks offer Foreign Currency Deposit (FCD) accounts, allowing you to hold and manage various currencies, including GBP. This can help you save on conversion fees and take advantage of favorable exchange rates.​

Here are a few banks known for their foreign currency account services:

Bangkok Bank:

Offers FCD accounts for non-residents in 14 major currencies, including GBP.​

Allows deposits, withdrawals, and transfers without converting to Thai Baht.​

Provides online banking services for account management.​

Kasikornbank:

Provides FCD accounts with the ability to deposit foreign banknotes up to USD 15,000 (or equivalent) per day.​

Supports various foreign currencies, including GBP.​

Krungsri Bank (Bank of Ayudhya):

Offers FCD accounts in multiple currencies, including GBP.​

Provides competitive interest rates and flexible deposit options.

Opening a Bank Account with a Non-Immigrant Visa: With a Non-Immigrant visa, such as the 90-day visa, you should be able to open a bank account in Thailand. However, requirements can vary by bank and branch. It's advisable to contact the bank directly or visit a branch to inquire about specific requirements and procedures.​

Recommended Steps: Contact Banks Directly: Reach out to the banks you're interested in to confirm their current policies for foreigners with a 90-day Non-Immigrant visa. Some banks may have specific requirements or may not offer certain services to non-residents.​

Prepare Necessary Documents: Typically, you'll need:​

A valid passport.​

Your 90-day Non-Immigrant visa.​

Proof of address in Thailand.​

Additional documents may be required depending on the bank.​

Visit a Local Branch: It's often best to open the account in person. This allows you to ask questions and ensure you meet all requirements.​

Inquire About Online Banking: If you plan to manage your account remotely, ask about the bank's online banking services and any associated fees.​

Additional Tips: Language Barrier: While many bank staff can communicate in English, it's helpful to have a basic understanding of Thai or bring someone who can assist with translation if needed.​

Initial Deposit Requirements: Be aware of any minimum deposit requirements for both Thai Baht and foreign currency accounts.​

Fees and Charges: Inquire about any maintenance fees, transaction charges, or currency conversion fees associated with the accounts.​

Banking Hours: Most banks operate Monday to Friday, 9:00 AM to 3:30 PM. It's best to visit during these hours for account-related services.​

I hope this information helps you navigate the process of setting up your accounts in Thailand. If you have any more questions or need further assistance, feel free to ask. Safe travels and best wishes on your banking journey! 😊 PruLadda

Krungsri Bank was very easy. I don't know about now though. I opened a Sterling FCD account with just my passport. Note that you have to fund the initial deposit with actual pound notes.

It's always possible, but it's up to the individual branch how they handle things. I opened mine at SCB within 1 hour but I had previously a savings and fixed deposit account already which both needed approval by HQ (a few days wait).

I wouldn't park much money on a FC account here, interests are laughable.

I’ve had both at Bangkok Bank

Bangkok bank does it, ( depending on the branch)

I have one in khonkean main branch

Need work visa tm30