Answered2 years ago

Can you open a bank account in Thailand with a DTV visa, and which banks are accommodating?

DTV Visa Bank Account Thailand Banking Visa Rules Expat Financial Services Thai Immigration

Nicolas ********

asked Sep 10, 2024

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Hi! Anybody managed to obtain a bank account with a DTV visa? If yes with witch bank/branch?

Answer summary

The conversation discusses experiences of expats trying to open bank accounts in Thailand with a DTV visa. Users share mixed outcomes, with one successfully opening an account at Bangkok Bank after obtaining the necessary visa extensions, while others faced rejections citing the DTV visa's limitations. Additionally, some users mention alternative banking solutions like WISE for international transactions.

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Mateusz *******

That is extremely funny, I had a similar situation, I want to pay taxes here in Thailand, I've paid someone to calculate it, the amount was more then 100k baht so I need to make a transfer from THAI bank( for less you can pay in cash), I'm going to a bank " Sorry can't open account for you". So does that mean I don't need to pay taxes? Amazing country 0% taxes for all people on DTV and ED visa 🤣🤣

2 years ago

Paul *******

@Mateusz ******

Unless they go back to the old 90s days where tax clearance was needed to exit the country, then I don't see any likelihood of taxation enforcement for DTV visa holders especially if you do border runs.

2 years ago

Tod *********

If you are asking does a DTV cut any ice with the banks so you can get an account open, that answer is NO it does not.

it's still a crap shoot as far as IF you can or can't get one open

2 years ago

Ko *******

What’s the reason to get a Thai bank account?I use WISE for all international transactions…

2 years ago

Chloe ***********

@Ko ******

hi there do you mind me asking if Wise is suitable for things like paying condo rent etc? (I assume you need to transfer the rent to the landlord’s Thai bank account) Or just small day to day expenses?

2 years ago

Ko *******

@Chloe **********

with WISE you can transfer it in real time to any Thai bank account …you can hold Thai baht there,you can change your own currency in a second to Thai baht if there is a good rate…you have a cc so you pay everything in the mall or restaurants with the local currency…

2 years ago

Gerry ********

@Ko ******

same. Wise is pretty awesome. Can't beat it for exchange.

2 years ago

Ko *******

@Gerry *******

yes,that’s true…you can’t receive THB in the WISE account,but that’s not important to me,coz of I don’t earn any Thai currency.

2 years ago

Gerry ********

@Ko ******

the only other thing is that you can't get a virtual Thai bank account in Wise, like you can with several countries. This wouldn't affect most people, especially those in this group, who should not be getting paid in Thailand!

2 years ago

Ko *******

@Bauke **********

I live almost cashless…so I actually don’t really withdraw often…I only talk for myself 😏

2 years ago

Bauke ***********

@Ko ******

however you still have to pay 220 THB for ATM withdrawals and don't get to use QR payments, so a real Thai bank account is still way better.

2 years ago

Ko *******

@Chloe **********

you can hold there all main currencies…usd,aus Dollar,uk pounds,yen,euro,Swiss franc Thai baht,etc….low fee and transparent rates,I use it for many years already,living abroad.

2 years ago

Chloe ***********

@Ko ******

thanks Ko, sounds like that pretty much replaces the need for a Thai bank account if it can do everything you need for living there. Will definitely look into to that!

2 years ago

Toni *******

I opened mine 1year ago with 30d visa exempt+30d extension stamp, bangkok bank jomtien 2nd road. They said they need 60d stamp so i went to immigration to get extension and then went back

2 years ago