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Answered3 years ago

Do I need a local bank account to pay rent and bills in Thailand while on a Privilege Visa with Wise?

Marvin *********
asked Sep 21, 2023
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Hello,

i am on a Privilege Visa and do payments with Wise. Now i want to rent a condo. Do i need a local bankaccount or can i pay monthly rent and electricity or water bills with Wise?

If i open a Bangkok Bank account is there a annual fee for the account?

Thx
Answer summary
You can pay rent using Wise, but having a local bank account would simplify transactions. Monthly utility bills can be paid via cash or online methods, depending on the provider. If you choose to open a Bangkok Bank account, there may be a minor annual fee, but the benefits like Promptpay and fee-free withdrawals make it worthwhile.
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Daniel ******
Daniel ******
If you don’t have a bank account, you can pay your landlord using an ATM machine associated with their bank. They will give you their account number and you enter it on the ATM, confirm their name and insert the amount. Then just save the receipt.
Damian ******
Damian ******
In Bangkok, you can pay your Electric Bill by card through MEA website. So that means, you can do everything without a bank account. But would be more comfortable to have a local bank account, I believe that you can contact an elite visa issuer and they assist in bank account opening.
Marvin *********
Marvin *********
OP
@Damian *****
can i pay water bill online too? Iam wondering how i can pay water/eletricity/wifi online when i am not in Thailand?
Damian ******
Damian ******
@Marvin ********
Depends on the bill. Water is from Juristic person, so should be possible to pay more upfront or ask for bank account (then you can pay with wise). About electricity wrote already. For WiFi you can also pay with card online.
Brandon ************
Brandon ************
@Marvin ********
most water bills come directly from your condo office so no way to pay online. Either transfer money directly to their account or pay in cash.
Paul ********
Paul ********
I have both Wise and a Bangkok Bank account, and I can’t imagine doing it without the Thai bank. For the Promptpay feature alone, it’s worth it. Plus the convenience of fee-free ATM withdrawals. And instant bank transfers and top-ups.

Well worth the minor effort and expense to set up.
Marvin *********
Marvin *********
OP
@Paul *******
can you use the Bangkok Bank account from abroad via online banking?
Lawrence *****
Lawrence *****
@Marvin ********
I have a bkk acct.. I’ve used it it Vietnam and don’t see why you can’t everywhere just like using a western card over here or online..
Marvin *********
Marvin *********
OP
@Lawrence ****
sounds good someone told me he cant use his BB Account abroad but thats must be false i want doublecheck it! 🙂👍
Neil *********
Neil *********
Hi Marvin different people will recommend different banks etc and also here even different branches of the same bank will say yes or no

If you’re in Bangkok and wanting to open a bkk bank account I would suggest you go to the corporate main branch in Silom

Go in and go to the left and at the end turn right

I opened mine there few years ago never had an issue ever

And I’m from banking and financial services
Brandon ************
Brandon ************
You would be able to pay your rent via Wise transfer, your water bill with cash to the juristic person office, and the electric bill at 7-11.

It would definitely be easier if you had a local bank account though. There's usually an annual fee of a couple hundred baht, depends on the account you choose and what options it has.
John ******
John ******
@Brandon ***********
Bangkok Bank reliably pays my PEA electricity bill by direct debit every month.

I was able to do this at the main Chiangmai PEA office, though it wasn't as straightforward as I'd have preferred.
Marvin *********
Marvin *********
OP
@Brandon ***********
payment in cash or
****
can be a problem when i am abroad.
Kim *********
Kim *********
@Marvin ********
i pay my wife's electricity bill to PEA wirh their app with credit /debit card and also her wifi from the NT app

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