Can one establish a Thai bank account during their stay under a tourist visa with plans of acquiring a retirement visa later?
Answer summary
Opening a Thai bank account under a tourist visa is possible but presents challenges. Several commenters note that it has become increasingly difficult due to stricter regulations and the requirement for proof of residency. However, options exist such as using agents, which can expedite the process for a fee. Recommendations include trying multiple banks, particularly Bangkok Bank, which some have found to be more accommodating. Having the right documents, including a letter from immigration, is crucial. While it can be done, many suggest waiting until securing a retirement visa for a smoother experience.
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Gregory ********
Can be done but not easy—if its 100% required—use an agent or get thai girlfriend to sign as guarantor
I opened an account with Bangkok Bank several months ago on a 30 day extension
Went to Immigration, with proof of address, copies of passport, biometric and Visa extension pages ... . Completed a form, (ticking the box for Bank account )
Immigation gave me a letter/form ( all in Thai ) and immigration officer stated this would be sufficient to be allowed to open a bank account . ... bank account duly opened that same day .. ( without insurance and a small amount think it was 600baht )
. ..in Prachin Buri . ..no agents, no fees
not as difficult as I thought. . . . But as others have said, they do love their paperwork . .
Take many copies . ..even the bank wanted copies.. ..good luck
Very difficult now with agents and lawyers throwing (your) money at the problem - technically only residents can open a Thai bank account, BKK bank used to bend the rules if you spend 5k on an insurance policy.
It is possible, although it is getting harder, you just need to try a fair few banks and branches. In my opinion and experience Bangkok bank seems to make it somewhat easier than the other banks.
It seems it was more possible in the past but more recent strict account management suggests no.
But nothing is absolutely impossible. There are sketchy services you could hire to get the result but unless there is some reason for urgency, why not wait?
As from what I can see you need to have the established bank account with funds for a period of time to be included in the retirement visa application.
It's possible, but not easy. You're probably going to need to try a lot of banks (10-20+), possibly have to buy insurance, or use an agent to get it done.