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What are the recommendations for safe deposit boxes and foreign currency deposit accounts for foreigners in Thailand?

Safe Deposit BoxesForeign Currency Deposit AccountsThailand Banking RegulationsVisa Requirements for BankingExpats in Thailand
Jun 3, 2024
6 months ago
Debbie ******
ORIGINAL POSTER
Any suggestions for Safe Deposit Boxes for foreigners that don't require a huge one time-charge or a fee to start the annual rental?

Also any advice on opening foreign currency deposit accounts in banks? (USD and GBP)

Thanks!
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TLDR : Answer Summary
This discussion focuses on recommendations for safe deposit boxes for foreigners in Thailand without high initial charges or annual fees, and advice on establishing foreign currency deposit accounts (in USD and GBP) with various banks. Key suggestions include specific bank policies for safe deposit boxes, requirements for opening foreign currency accounts, and insights from community members on banking options and associated fees.
Kool *******
After you open a regular account with Bangkok Bank, if you have a legitimate need for a Foreign Currency Deposit account, a FCD, you make an initial deposit of US$1000, or $1000 in another currency, not in baht. Then as long as the balance doesn't drop below $250 there is no fee. If the balance does drop below that amount there is a $10 a month fee. It is not easy to open a FCD now, and you can not do it on any tourist visa anymore. You need a legitimate reason, and long term visa extension to do it.
6 months ago
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Don *********
Sadly no - I am told Krungsri will bump you up to VIP level if you deposit THB5m and keep it there for a few days - that apparently allows you to open a safety box
6 months ago
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Carlos *********
Do you have a Wise account yet? Good rates...but some fees. Can exchange many currencies.
6 months ago
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John ********
Thailand is a big country. Why wouldn’t you mention the location ?
6 months ago
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Debbie ******
ORIGINAL POSTER
@John *******
 sorry yes— for BANGKOK please .
6 months ago
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Debbie ******
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