Does anyone know of a specific bank/branch that will open a bank account for a foreigner with tourist visa?
I am in the process of obtaining a guardian visa and hoping that an acceptance letter from school may allow me to open a Thai bank account ?
Any advice would be greatly appreciated , thank you in advance !:)
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TLDR : Answer Summary
Many expats have successfully opened bank accounts in Thailand while on a tourist visa, but it's important to note that requirements can vary by bank branch. Commonly, banks like Bangkok Bank and Kasikorn Bank are mentioned as more accommodating. Typically, you may need a letter from a school if you're transitioning to a guardian visa, and some branches might request proof of residence or an insurance purchase. It's advised to visit multiple branches in person, present yourself professionally, and be prepared with necessary documents such as a passport, a Thai SIM card, and an initial deposit. Experiences vary greatly, so persistence is key.
Depends on location. Bangkok bank allows you to open an account on a tourist visa with a residence letter from immigration. (but you can't get that in Bangkok without a 90 day report) Otherwise, I've found Kasikorn to be the other "easy" bank to open an account with.
Don’t expect to get something for nothing. Each office is an independent business. Each office makes their own criteria.
You certainly will pay a fee for transferring USD from USA to Thailand. The amount depends on the bank and the transfer service.
Banking is an essential service if you plan to spend time here. It’s not FREE.
I prepared ahead of time by getting a bank account set up 6 months ago.
I treated this as an important business transaction, not just a casual activity.
My Thai friend made an appointment for me at the Bangkok Bank branch across from Astra in CM. He also translated for me.
I am a middle aged physician and dressed as such. Yes I did do the whole business card ceremony.
I told the banker that I plan to retire soon and buy a condominium at Astra.
I was asked to purchase a life insurance policy for about $100. Presumably the banker gets a commission. Whatever, it’s the price of doing business at the bank.
They wanted to copy my passport and see my credit card from Wells Fargo. I think I showed them how much was in my account also to make the point that I’m a serious customer.
I also showed them $500 in perfect $100 bills that was to be the initial deposit.
Nothing else was required.
Act like a serious customer and you will be treated as such.
Present yourself properly and you should be fine.
If not, thank them for their time and visit another office.
The school letter should be enough to allow you to open an account, but each branch of each bank will have their own rules. They may require you to have a residence certificate from immigration or ask you to buy their insurance package. You will just have to try a few different branches to see what they say.
I had no problem opening an account with the Bangkok Bank ...however rules have changed since then ...there are quite a few firms that can help you with this
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