ask
Search
Ask
Answered8 years ago

What are the experiences of expats opening bank accounts in Thailand?

David **********
asked Aug 17, 2018
2.6k
views
15
replies
17
likes
Follow up on the bank debacle this week, hope it helps people open a bank account.

Krungsie bank would not allow me to change from Bang Yai branch to Khon Kaen without a work permit,

I went to UOB (Singapore bank Thailand)

I showed them my non 0 extension based on being over 50 and my driving license. 10 minutes later a new bank account,

They are very Farrang friendly.

interest rates are ok too.

1 bhat to 100,000 1.5% interest

100,001 to 200,000 2% interest

200,001 to 300,000 3.3% interest

then 0.5% on anything over the 300,000bhat.

I then went back to Krungsie bank to withdraw and close the account, as my original bank was in Bang Yai they were charging me 730 bhat to withdraw the cash, (not happy)

They then proceeded to call their head office who then said I could change my account to Khon Kaen, (too late the cashier had already put the withdrawal through. so I copped a 730 bhat charge.

UOB do not do Foreign currency accounts here, but they do in Sukhamvit,

I then went to Bangkok bank here in Khon Kaen and again no problem opening a foreign currency account.

Be careful with the fcd accounts with the banks as there is a charge of 2% on withdrawing foreign currency

Its a minimum 2% charge on the withdrawal.

If you withdraw in Bhat there is no charge.

ps. I am not recommending, just sharing info.
Answer summary
The post discusses the author's experience of opening a bank account in Thailand as an expat. Initially, they faced difficulties with Krungsri Bank, which required a work permit to change branches. Afterward, they successfully opened an account at UOB Bank with a non-O visa extension and shared details about interest rates offered by UOB and other banks in Thailand. The author also notes complications in withdrawing funds from Krungsri, mentions a 2% fee on foreign currency withdrawals, and shares insights into other banking options available for expats.
15 repliesnewest first
7

Click comment and we will ask for your email, then OTP, then name.

Robert *******
Robert *******
Nice bank account information, but not much to do with Visa Advice.
Christopher ***********
Christopher ***********
Thank you for all your efforts David, it is appreciated.
David **********
David **********
OP
No Problem 😊
Krishn *********
Krishn *********
F
Paul ********
Paul ********
F
Robert ********
Robert ********
Interesting, but I question the interest rates you quoted.
Robert ********
Robert ********
Thanks, congratulations.....
David **********
David **********
OP
The interest is only a bonus, i was explaining the ease of opening an account with them. just added the information, someone may find it useful
Robert ********
Robert ********
Makes no sense, but whatever....you are also taxed 30% on that interest!
David **********
David **********
OP
There are no charges for using any atms or internet banking also
David **********
David **********
OP
Robert ********
Robert ********
The interest drops to only .5% on any amount over Bt. 300,000 yet they offer up to 3.3% for Bt. 200K - 300K?
David **********
David **********
OP
100% correct
@Robert ***********
those are the correct rates
Ramos *********
Ramos *********
1% on FCD accounts with SCB and KBank
David **********
David **********
OP
yes, minimum 500bhat

Activity

7 joined
David **********
David **********
David **********
David **********
David **********
David **********
7
people
Thai Visa Advice
Thai Visa Advice
...members40% approval
Member 1
Member 2
Member 3
Member 4
Member 5
Member 6
Member 7
Member 8

Related

25
What are the experiences of expats in Thailand with different banks for visa-related financial services?
3.8k22693mo
Can I renew my Bangkok Bank debit card while on a DTV visa?
1.9k14216mo
Which Thai bank offers the lowest fees for incoming SWIFT transfers?
8.2k67889mo
What are the experiences of expats in opening bank accounts in Thailand?
6k51609mo
What are the best banks in Thailand for expats?
3.6k16181y
What are the current issues with Thai bank accounts for expats?
2k10271y
Is opening a UOB bank account in Thailand possible for expats on a tourist visa?
3.2k22191y
What are the experiences with Thai banks regarding account statements and services for expats?
6.8k49911y
What is the best way to transfer THB 800,000 to a Thai bank account for a retirement visa?
8.3k65951y
Which bank should I choose to open an account for my retirement visa in Thailand?
8k74601y
What is the experience of opening a bank account for expats on an O-A visa in Thailand?
7.6k411381y
Is it advisable to open a USD account in Thailand for expatriates?
2.2k1492y
How can expats with a DTV visa open a bank account in Thailand?
7.9k66552y
What are the recommendations for opening a Thai bank account in Bangkok and what documents are needed?
5.1k39412y
What are the best methods to transfer money to Thailand while avoiding high fees?
9.5k741052y
What are the challenges of opening a bank account in Thailand for expats?
5.9k36853y
What is the best bank for opening an account in Thailand for expats?
3.1k21313y
What is the best bank in Pattaya for opening a retirement account as a foreigner?
1.6k9133y
Which Thai bank is the best for expats in terms of service and online banking?
3.1k20333y
What are the requirements and fees for opening a USD account with Bangkok Bank or Krungsri in Thailand?
2.9k323y
Can foreigners on a tourist visa open a bank account at SCB or UOB branches in Bangkok?
1.2k424y
What are the advantages of Bangkok Bank over Krungsri for non-residents and long-term visa holders?
2.2k1584y
Can a foreigner open a Thai bank account with just a tourist visa?
9.7k93724y
Can you open a Thai bank account without a work permit?
17.9k1711396y
What agents or banks can help expats open a bank account in Thailand?
3.8k33246y

Resources

Need help with your retirement visa?