Answered7 months ago
What are the requirements and bank fees for opening a business bank account in Thailand?
Hi y’all,
need your help and input regarding thai business bank account and registration at various banks. Their requirements? and different banks’ bank fees for comparison purpose and features offered? went to one bank today and was given major crap plus them not understanding what is going on at all, plus specifying how one particular nationality is not allowed to have any bank accounts including business bank accounts in Thailand (which is not my nationality). like I like thailand but boy, this is what’s despicable sometimes even for “professionals” like banks (real high class, not :P)
need your help and input regarding thai business bank account and registration at various banks. Their requirements? and different banks’ bank fees for comparison purpose and features offered? went to one bank today and was given major crap plus them not understanding what is going on at all, plus specifying how one particular nationality is not allowed to have any bank accounts including business bank accounts in Thailand (which is not my nationality). like I like thailand but boy, this is what’s despicable sometimes even for “professionals” like banks (real high class, not :P)
Answer summary
The discussion revolves around the challenges and requirements for expats looking to open a business bank account in Thailand. Users express frustrations about inefficient bank services and the complexities of Thai bureaucracy. Several commenters advise seeking professional assistance and legal guidance for setting up business accounts, and mention different banks and their services, highlighting the importance of understanding specific requirements based on nationality and visa status.
21 repliesnewest first
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Peter *******
Stop clogging up social media with your petty personal problems… cough up a few baht and make an appointment to sit down with a reputable professional ffs
Lynn *****
OPPeter Jamesstop clogging up social media with useless unsupportive comments like yours. Do you really talk like that in real life ??? Can’t even begin to imagine.
Peter *******
Lynn Nah I’m so sorry to offend..
Genuinely sorry to all this group.
My point is though… why risk your future plans by relying on social media posts? Just engage a professional, let them guide you through the process, and if there’s a problem along the way, you will have a point of contact, and in the worst case scenario, if things don’t go to plan you will have someone to hold accountable.
Whatever your plans though… good luck
Genuinely sorry to all this group.
My point is though… why risk your future plans by relying on social media posts? Just engage a professional, let them guide you through the process, and if there’s a problem along the way, you will have a point of contact, and in the worst case scenario, if things don’t go to plan you will have someone to hold accountable.
Whatever your plans though… good luck
John *********
First question. Do I REALLY need it.?
Setting up the Company.
100% Job for a professional. Who was meticulous and provided me exactly what I needed to take with me to the bank. Take a Thai National with you too, who happens to be bi lingual.
Look the part. Be prepared to be heavily scrutinised. In hindsight, just have the lawyer do all of it for you. Not worth the grief. I use KBiz by KBank.
Great support, lovely app.
Setting up the Company.
100% Job for a professional. Who was meticulous and provided me exactly what I needed to take with me to the bank. Take a Thai National with you too, who happens to be bi lingual.
Look the part. Be prepared to be heavily scrutinised. In hindsight, just have the lawyer do all of it for you. Not worth the grief. I use KBiz by KBank.
Great support, lovely app.
Russell ********
There are probrably better pages on FB to post this on- not many retirees will have ( can have) business bank accounts and most will be on ' retirement ' visas that prevent them working .
Try the more generic ones. And chill.....bureaucracy is part of Thai life, ranting against it is not.
Try the more generic ones. And chill.....bureaucracy is part of Thai life, ranting against it is not.
Lynn *****
OPRussell Boymanranting about it definitely is, you’re doing it right now too :P
Russell ********
Lynn Nah yes, I couldn't be more angry that you've posted this on the least efficient page. Livid.
Lynn *****
OPRussell BoymanI was teasing you ;) I cannot believe you’d be upset for real though :P don’t be boring, even the banks in Thailand can be so rude, what’s with me teasing you a bit on Facebook :P
Russell ********
Lynn Nah I would, but I've stopped caring whether you get help or not. Bye.
Lynn *****
OPRussell Boymanyou should work for me, clearly you have a lot of insight and a lot of juice left in you, get on a work permit instead, being on retirement visa is a waste for you. You’re welcome to repost this in other more useful groups 😁 I shook off my parents and now other people like you are on me. lol 😝
Michael ********
Chat GPT gives probably most updated info. But many years ago when was involved in setting up a buisness account the accountant set all that up
Lynn *****
OPA hint: do not go to the yellow one anymore. I got everything sorted out in another large bank, not gonna be specific on here. But DTV to Open account at this large bank is also ok!!
Glyn **********
I would suggest consulting a professional lawyer , if you need i can i suggest.
Anglo Siam Legal
Anglo Siam Legal
**************************************
John **********
If you have a business get advice from your lawyer or accountant as to the types of account you require
Jim *******
@John *********
In 2022, I called Bangkok Bank in Osaka, asked them if my daughter (a Thai national) could open a bank account with them.Yes, they said but that bank account is for business, if she has a business dealing with Thai entities. No ATM card, business only.
Lynn *****
OP@John *********
what do you actually think of this situation with the Thai banks or this particular brand of bank specially though? Nobody decent needs a job anymore or wants to work at a bank cause pay is too low? Lol I want to get over these useless crap and just glide already.
Judy *******
Lynn Nah you sound very angry but if you have the right visa and have the money there’s no reason to be denied. Nothing to do with your nationality. Your company can probably help
Bob **********
Thailand is not an easy place to make money maybe you won’t need any bank
Lynn *****
OPBob D'Andreaomg what are you talking about?! For who it’s not easy?! Definitely very easy for Thai girls :P
Bob **********
Lynn Nah if you call that money I guess but I’m talking about foreigners in Thailand
Potpon******
Cambodia is super easy for visas business setup and bank accounts
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