Answered2 years ago
Do I need a Thai bank account for the Retirement Visa in Thailand if I have a Citibank account?
I’ve been reading numerous posts about how you need a Thai Bank Account for the Retirement Visa. I see that Citibank has offices and branches in Thailand. If I have a Citibank account, would that be acceptable? TIA!
Answer summary
To obtain a Retirement Visa in Thailand, you must have a Thai bank account. Citibank does not provide retail banking services in Thailand and thus its accounts are not acceptable. All contributors agreed that a local bank account is necessary, and new regulations require a long-term visa before opening one.
22 repliesnewest first
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Steve ******
New rules as of 2024. You cannot open a bank account until you have your long term visa. Any games with questionable agents who try to get aroubd the rule can be a problem. Just do it the right way
Ricky ********
Not possible to open a Thai bank account until you have the visa.
Greg *********
Get an agent .they whole system is designed to get agents .creates employment for thais
Patrick ********
Must be Thai + 800.000 deposited for 6 months
Tony **********
Need to use Thai bank
John *********
Get a good visa agent like
@Farang ********************
and they will take care of everything for you
Tracy *********
@John ********
totally agree!
Bill *********
@John ********
Absolutely use an agent. Saves a lot of stress and time. I can make money but I cannot make time so anything to help make things easier is definitely worth it to me. I got the whole Visa thing worked out in under a day.Peter **********
@Bill ********
In my country it’s illegal to make money. 😉John *********
@Bill ********
yes sir and didn't have to wait in line at immigration
Andy ************
@John ********
In Bangkok you make an appointment. No need to wait in line. In and out in 45 mins. Total cost 1900 bahtPeter **********
@John ********
They take away some of the burden of spending your money providing a service which you can easily do yourself. 😉
Cliff *********
*****
5Andy ************
Citibank in Thailand no longer offers retail banking. This arm of the business was sold to UOB about two years ago. Similar to HSBC they now focus on corporate and investment banking
Brandon ************
No, it will not be acceptable. You need a Thai bank account opened in Thailand. Citibank does not offer consumer services in Thailand. Any presence they have is only for commercial purposes, not retail.
Chris **********
OP@Brandon ***********
thank you. So one of these is where we’d need an account?Brandon ************
@Chris *********
Yes any of them should be fine. Though I've never heard of CIMB. The most common banks are going to be Bangkok Bank, Kasikorn and SCB for foreigners. They are also the only banks that can receive foreign transfer over 50,000 baht.
Mindy *****
@Brandon ***********
CiMB is Malaysian and the biggest Bank in Malaysia. Here to ask if I can use CIMB Thailand UOB is Singaporean.
Marcel *******
@Ef ***
Bangkok Bank also
Ef ****
@Brandon ***********
both confirmedBrandon ************
@Ef ***
Kasikorn always could. But I haven't seen anything about TTBEf ****
@Brandon ***********
Kasikorn and TTB can receive foreign transfers over 50,000 THB.Activity
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