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bluweyze

Opening a Thai Bank Account- New Policy?

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bluweyze    168

I have been organising the opening of bank accounts in Thailand for clients at the rate of about one per month for the last couple of years. Today I hit my first snag. The bank says that from September 1st Non-Thais can only open a bank account with a letter from their embassy. ( I hate to think what the British Embassy will charge for this) Has anyone heard of this before? As immigration require 800,000 Baht  in the bank to obtain the 3 month non O visa, then the retirement visa  this makes things increasingly complex.I suppose we must adapt. 

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elliss    569

Tightening up on CCs , money laundering .555

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bkkcanuck8    1,478

Bluweyze, What do they want the Embassy letter to say?  Passport is authentic?  You are not on the most wanted list?

 

Every Bank, every branch within a branch (which changes as managers change) has different policies.... or for branches that don't deal with foreigners... it could just be ... no cannot do for reasons of x...  because it might mean I have to know or learn something (or potentially do something wrong and lose face)...

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bobonzo    44

Bangkok Bank asked for a certification of residence attested by the embassy, in my case the US Embassy. They have a template on their website. I filled it in, got it notarized and hey presto opened an account. I did try various other banks and was asked for at least the same or more (work permit).

 

Pretty painless really.

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Thaidream    4,348

You don't need a yellow book or work permit or anything other than either a proof of address or a Thai guarantor. Any bank branch that makes it difficult- simply move to another branch or call the bank's head office while  in the branch and tell them what is happening- normally the head office will tell the manager at the branch to make it happen.

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TallGuyJohninBKK    6,091

The unfortunate part here is, Thai law/Bank of Thailand regulations seem to provide very little practical guidance on this point.

 

As a result, the various Thai banks all tend to have different/differing rules on what they'll require to allow foreigners to open bank accounts.

 

Some make it relatively easy, like Bangkok Bank where they have a website that specifically lists what kinds of documents they'll require depending on what kind of entry status/stamp/visa you have. Most don't seem to have any public listing of their requirements. But for example, TMB Bank seems pretty consistent in that they won't open a bank account for a non-Thai without a work permit, period. There's also the aggravation that a lot of bank branches/staffs simply don't know or don't care, and will answer no just to get you out of their hair.

 

In general, in my and others experience, Bangkok Bank and Krungsri (Ayudhya) Bank seem to be generally the most receptive to foreigners opening new accounts. CIMB also can be OK, though when I opened a new account with them recently, they only wanted 4 things: my passport, a 2nd photo ID like a driver's license, a utility bill or something similar to verify my address, and a Thai sponsor such as my Thai wife, who had to give them a copy of her ID card for me to get an account solely in my name.

 

PS - For the OP, I opened my CIMB account on Sept. 1 and a second account with them a week later, and there was no silly business about Embassy letters (though in past cases, I know the banks can look upon the Embassy letter as a kind of sponsor/letter of recommendation. But usually, in those cases, they'll also accept other supporting documents instead.

 

Edited by TallGuyJohninBKK

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SOUTHERNSTAR    2,393

Open a K bank account in Lom Sak, Phetchabun with only a passport. I have other K bank accounts but due to us moving I opened a new account. 

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accord25    1

When I go my Bangkok bank account back in April I needed to grt my passport certificate before i could open an account. And with that they still won't let me have internet banking with out a work permit. 

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Johnboxer    1

I have tried many banks to open a account for my Chinese girlfriend , but they all say she must have a 12 month visa, any suggestions?

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pby92    23

At KrungThai Bank they close my account during my last stay as i not have work permit or non OA retirement visa.

They say it's the new policy.

I must show to the branch as I cannot withdraw the money I have on my account in any ATM cost me plane ticket .Bangkok Nakhon Si Thammarat and more.

As my plan was to visit Philippines I came from Paris to Bangkok plan to withdraw my money in ATM at Swampy and flight Cebu .

My on line Banking was also unavailable even if it was 10 days before.

Was not very happy.

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BANGKOK 22 September 2017 06:01
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