This is NOT an official government website. We are an independent resource providing information and assistance to travelers.

Why did my Thai bank deduct tax from my savings account?

Taxation Thai Banking Withholding Tax Savings Account Expats in Thailand

Jul 2, 2025

13 days ago

Karin ********

ORIGINAL POSTER

Dear wise people-  My Bank deducted a Tax from my brand new saving account. Does that mean I can ask them for my tax number or is it just bank business? Thank you!

651

views

likes

all likes

replies

images

users

TLDR : Answer Summary

The user inquires about a tax deduction from their new savings account, wondering if it relates to obtaining a tax number. Community responses clarify that Thai banks generally deduct tax only from interest earned, and this is standard procedure, not necessarily linked to obtaining a tax identification number (TIN). They suggest verifying the nature of the deduction with the bank.

Pelle Eriksson★★★★★

Absolutely Bangkok's best service I highly...

recently on Facebook

Luca G.★★★★★

I used this agency for my DTV Visa...

recently on Google

Trusted Thai Visa Agent

OVER 100,000 EXPATS SERVED

#1 VISA AGENT IN THAILAND

Bob **********

Don’t ask us ask the bank doesn’t sound right it’s probably a yearly fee for ATM card

13 days ago

Pui *****

@Bob *********

all Thai banks deduct a withholding tax automatically from the interest you earn on your account as a foreigner. Given how tiny the interest amount is, the withholding amount is so small, you likely never noticed it.

12 days ago

Bob **********

@Pui ****

she said it was a new account

11 days ago

Pui *****

@Bob *********

I misinterpreted your comment last comment about Jomtein as your previous comment was saying that you thought the bank's withholding is an ATM fee so I thought it was a follow up to that comment.

11 days ago

Reply to

Pui *****

Karin ********

ORIGINAL POSTER

@Pui ****

well it’s not a manor of money- I was hoping for a Tin. Thank you

12 days ago

Bob **********

@Karin *******

just go sing up in Jomtien

12 days ago

Pui *****

@Bob *********

I'm not sure how your answers have any relevance to the OP's question whether a TIN is issued by the bank when they deduct the automatic withholding tax from all foreigners' Thai bank savings accounts when they deposit the interest. Doing it in jomtein doesn't make it any different than anywhere else as far as the required withholding.

11 days ago

Bob **********

@Pui ****

no it doesn’t most people avoid getting a TON number which is only given at the local revenue dept she’s aware of that ,what are you reading

11 days ago

Reply to

Bob **********

Karin ********

ORIGINAL POSTER

@Bob *********

no no I am sure it’s right, was hoping to get a tax number with that deductible. Thank you.

12 days ago

Bob **********

@Karin *******

just go to the revenue dept and get one

12 days ago

Karin ********

ORIGINAL POSTER

@Bob *********

ok, thank you. Revenue is the next first thing for me. Your advise sounds legal. Thank you

12 days ago

Reply to

Karin ********

Pete *******

Banks automatically apply withholding tax to interest payments. Nothing to do with you obtaining a TIN.

13 days ago

Karin ********

ORIGINAL POSTER

@Pete ******

thank you. Makes sense.

12 days ago

Reply to

Karin ********

John *********

I just looked at my account at Krungthai bank. In June, they gave me B200.47 for interest and tax. I’m shocked it earned anything at all.

13 days ago

Karin ********

ORIGINAL POSTER

@John ********

yeh let’s party! Same same

12 days ago

Reply to

Karin ********

Nongnuch ********

you must definitely be wrong. A Thai bank only deducts tax from an account that earned interest. Other than that, a Thai bank will usually take 500 Baht for the yearly fee of their Debit card

13 days ago

Karin ********

ORIGINAL POSTER

@Nongnuch *******

I earned interest and they were so kind to deduct the tax- I was hoping for a TIn- but know from this post has nothing to do with it. Thanks anyway

12 days ago

Reply to

Karin ********

Thai Visa Advice and Everything Else

... members · 60% approval rate

The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.

Join the Group