Opening Thailand bank accounts is different, but easy, once you get the hang of it, but it can be tricky, which is why our Concierge service introduces you to a wonderful bank manager whose bank handles all of Thailand’s foreign exchange transactions.

“In order to open an ordinary checking or savings account, Bank of Bangkok requires that I get a notarized letter from the US Embassy in Bangkok, stating that I’m a US citizen and that I reside in Thailand at a certain address. The Embassy requires an appointment and a $50.00 document fee, not including the cost of transportation to and from Bangkok, or a hotel and meals. And there’s no guarantee the bank will even accept it.”  R. Butler.

Thailand Retirement Concierge clients, of course, do not have this problem, since we act as your guarantor.

This video shows just how infuriating it can be:

New money-laundering regulations require you to establish and prove permanent residence before you can open a Thai bank account. You can imagine the Catch-22 situation this creates: how can you pay the deposit on your new place if you don’t even have a bank account?, More at paydayloansmonster.

We’ve struggled with this since the regulations came into effect and now, with the help of our angelic bank manager, have created a completely legal process that allows Concierge clients to open their permanent account as soon as they arrive.

We go to the bank together and you’ll have your ATM card and bank book when you leave. Best of all, apart from signing a few more forms, it requires no effort on your part: we’ll be waiting with the completed forms as soon as you step off the plane. Here are some simple steps that will make opening your Thai bank account a breeze:

Thailand Bank Accounts for Australians

For Australians, Opening Bank Accounts in Thailand is Different but Easier than in Oz. If you’re going to be making frequent Oz-Thailand currency transactions, setting things up in advance can save you a fortune:
We always set our clients up with Thailand’s principal foreign exchange bank and introduce them to our angelic bank manager. Thailand’s business is still conducted based on relationships, and this sweetheart has saved many a financially stranded Aussie expat. Here’s a video of two happy expats talking about Thailand bank accounts:

And remember: since your ATM card might not work when you arrive (a common glitch) bring enough cash to tide you over for two months.

2 Responses

  1. We specialized in Bank Guarantee {BG}, Standby Letter of Credit {SBLC}, Medium Term Notes {MTN}, Confirmable Bank Draft {CBD} as well as other financial instruments issued from AAA Rated bank such as HSBC Bank Hong Kong, HSBC Bank London, Deutsche Bank AG Frankfurt, Barclays Bank , Standard Chartered Bank and others on lease at the lowest available rates depending on the face value of the instrument needed.

    We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.

    The procedure is very simple; the instrument will be reserved on euro clear to be verified by your bank, after verification an arrangement will be made for necessary bank documents and stock testing expenses, the cost of the Bank Guarantee will be paid after the delivery of the MT760.

    DESCRIPTION OF INSTRUMENT:
    Instrument: Bank Guarantee (BG/SBLC).
    Total Face Value: Minimum of 1M Eur/USD (One Million Eur/USD) to Maximum of 5B Euro/USD(Five Billion Eur/USD).
    Issuing Bank: HSBC London, Barclays Bank, Deutsche Bank Frankfurt, Hong Kong, Any AA rated Bank in Europe or any Top 25 WEB.
    Age: One Year, One Day
    Leasing Price: 4% of Face Value plus 1% commission fees to brokers.
    Delivery: Bank to Bank SWIFT.
    Payment: MT-760.
    Hard Copy: Bonded Courier within 7 banking days.

    All relevant business information will be provided upon request plus our terms and
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    Name : Speeckaert Bernard.
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  2. I have been using the Bangkok Bank NYC Branch ACH for a few years now. My wife and I built a house in Chiang Mai and require funds to be sent monthly. What is a preferred method now Bangkok Bank will discontinue their ACH transfers? I will move there permanently in a couple years and will need to have my retirement funds transferred monthly also.

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