Open Thai Corporate Bank Account

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open corporate bank account in thailand

Get Corporate Bank Account in Thailand in a Day

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Benefits Of Opening A Bank Account In Thailand

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Thai Bank Account Types

01

Savings Account

Even though you are a tourist you can open an account with some Thai banks. According to the Bangkok Bank’s guidelines a 30-day arrival stamp is enough for the work.

02

Current Account

If you are carrying a work permit, you can open a current account. However, in return you will receive only a checkbook and not a passbook.

03

Fixed Term Accounts

Although, it can be little tough to secure same rates for the fixed amount as a foreigner, there are some leeway too. Let us talk if you are planning to open a fixed term account.

04

Foreign Currency Accounts

Quite a number of banks are allowing to open foreign currency accounts in Thailand. Though, it may sound to be a good idea, it can be a little expensive affair for some. However, you can expect to be charged a lower fee if transacting in large amounts.

Banks in Thailand where Expats can Open Account

Types of Bank Accounts Expats can Open in Thailand

Documents Required to Open Corporate Bank Account

For Corporate
1. Passport
2. Photo identity or reference letter from your home embassy or lease agreement and utility bills
3. Work permit, if there (sometimes it is mandatory with a few banks like UOB)
4. Non-immigrant B visa for business/work,
5. O-A long-stay visa, or a 3 year non-immigrant visa for business
6. Proof of Thai residency
7. Proof of property ownership in Thailand
8. Copy of Company Registration

For Personal
1. Passport
2.Photo identity or reference letter from your home embassy or lease agreement and utility bills
3. Work permit, if there (sometimes it is mandatory with a few banks like UOB)

Frequently Asked Questions

Generally, you will need a work permit to open a bank account in Thailand. But then there are a few banks that will let you open an account without a work permit. But opening an account with a tourist visa can be a little difficult. If you have a non-immigrant visa then it shouldn’t be a problem at all.

If you already have a work permit, then it will be pretty easy. All you need to do is go to any local bank, submit a photo copy of your passport and work permit and things will be done in 15 minutes. In case you don’t have a work permit, things may get a little trickier as not all banks let you open an account without a work permit. Also, take a Thai friend along as the banks may not have English-speaking clerks.

 If you are presently living in Thailand, then IOB could be the most convenient bank. How far I know, IOB is the one and only Indian bank to function in India. Sending money from Thailand to India will therefore be easier and quicker.

Well, many banks need you to be present while opening an account. Once you open an account, banks like Bangkok Bank let you do online banking.

Fees vary from bank to bank. Not only that bank fees can range from yearly account fees, ATM and conversion fees to account cancellation fees.

To ensure that you must consider a few factors such as, the interest rate on your deposit, minimum balance requirement, customer service and much more.