https://aseannow.com/topic/1351977-foreigners-face-new-hurdles-in-opening-thai-bank-accounts/

Answered2 years ago

What are the new challenges for foreigners opening bank accounts in Thailand?

Thai banking regulations Visa types NON-O Visa DTV Extension Foreigners in Thailand Bank account requirements

Andi ***********

asked Feb 17, 2025

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Answer summary

Recent discussions highlight new challenges faced by foreigners when trying to open bank accounts in Thailand. Key issues include a requirement for specific visa types, particularly the NON-O where funds must be held in a Thai account. Additionally, there have been reports of agents withdrawing from offering services for exorbitant fees, complicating the process further for expats.

11 repliesnewest first

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Jim ********

It seems now even agents are pulling out from offering bank accounts for huge bribes

2 years ago

Andi ***********

@Jim *******

Temporarily.....business will be back at a higher handling fee

2 years ago

Greg ********

The difference between the O and DTV extension requirements though is for O the money needs to be in a Thai account and always has.

Andi ***********

True...

Greg ********

In other news I hear visa renewals are back on down there.

2 years ago

Greg ********

@Andi **********

Thailand has signed up for CRS. Seems same as UK and Singapore and thst is why they ask now. Nothing confirmed with Thailamd as yet but they are sill implementing the new requirements.

2 years ago

Andi ***********

@Greg *******

i got a request last week from Halifax for a TIN for the first time... Thai banks are going to be asking for one?

2 years ago

Greg ********

@Andi **********

I am waiting till they ask for a TIN like Singapore and UK are doing. Does not need to be a Thai TIN but might need one somewhere. A pal just took a long weekend in Singapore to sort his account out there. Could not get it to work doing it online.I might have to do same.

2 years ago

Andi ***********

@Greg *******

ok...it seems it was a response to govt crackdown who targeted 1000s of accounts which now need investigating.

2 years ago

Greg ********

@Andi **********

What they stopped last Thursday in response to the new banking regulations seem to have started up once again. Waiting for pal to confirm he is doing it tomorrow.

2 years ago

Andi ***********

@Greg *******

you mean retirement visas are increasing in renewaS?L

2 years ago