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

Aug 17, 2018
6 years ago
David **********
ORIGINAL POSTER
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.
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TLDR : 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.
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Robert *******
Nice bank account information, but not much to do with Visa Advice.
Christopher ***********
Thank you for all your efforts David, it is appreciated.
David **********
ORIGINAL POSTER
No Problem ๐Ÿ˜Š
Krishn *********
F
Paul ********
F
Robert ********
Interesting, but I question the interest rates you quoted.
Robert ********
Thanks, congratulations.....
David **********
ORIGINAL POSTER
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 ********
Makes no sense, but whatever....you are also taxed 30% on that interest!
David **********
ORIGINAL POSTER
There are no charges for using any atms or internet banking also
David **********
ORIGINAL POSTER
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 **********
ORIGINAL POSTER
100% correct
@Robert ***********
those are the correct rates
Ramos *********
1% on FCD accounts with SCB and KBank
David **********
ORIGINAL POSTER
yes, minimum 500bhat
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