How to Open a bank account in Thailand on a visit visa

To open a bank account in Thailand on a visit visa, you will need to provide the following documents:

1. Passport: You will need to provide a valid passport with at least 6 months remaining before expiration.
2. Visa: You will need to provide a valid visa that allows you to stay in Thailand for at least 90 days.
3. Address verification: You will need to provide proof of your address in Thailand, such as a utility bill or a rental agreement.
4. Work permit: If you are working in Thailand, you will need to provide a valid work permit.
5. Proof of income: You may be required to provide proof of income, such as a salary statement or a bank statement from your home country.
6. 2 ID photos

Once you have gathered all the necessary documents, you can visit the bank of your choice and fill out the application forms. The bank may also require you to provide a copy of your ID card or other identification documents.

You may also be required to make an initial deposit, which can vary depending on the bank.

Please note that the above requirements can vary depending on the bank. It is recommended to check with the bank in advance for the specific requirements.

Also, please note that if you’re on a tourist visa, there might be some restrictions on account opening and/or certain features on the account.

What are the Major handles while account opening on visit visa ?

When opening a bank account in Thailand on a visit visa, some of the major considerations to keep in mind are:

1. Visa requirements: Your visa must be valid for at least 90 days and allow you to stay in Thailand for that period of time.
2. Address verification: You will need to provide proof of your address in Thailand, such as a utility bill or a rental agreement.
3. Proof of income: Some banks may require you to provide proof of income, such as a salary statement or a bank statement from your home country.
4. Work permit: If you are working in Thailand, you will need to provide a valid work permit.
5. Initial deposit: Many banks will require you to make an initial deposit in order to open an account.
6. Identification documents: You may be required to provide a copy of your passport, ID card, or other identification documents.
7. Restrictions: As a visitor, you may face certain restrictions on account opening and/or certain features on the account.

It is important to check with the bank in advance for the specific requirements and to have all the necessary documents before visiting the bank to open an account.

Step by Step Procedure to Open a bank account in Thailand while on Tourist Visa

Here is a step-by-step guide on how to open a bank account as a tourist visa holder in Thailand:

1. Gather necessary documents: Collect all the necessary documents such as your passport, visa, proof of address, and proof of income (if required).
2. Research different banks: Research different banks in Thailand and compare their requirements, fees, and features to find the best option for you.
3. Visit the bank: Visit the bank of your choice and bring all the necessary documents with you.
4. Fill out the application forms: Fill out the application forms provided by the bank. The bank may also require you to provide a copy of your ID card or other identification documents.
5. Provide initial deposit: Provide the initial deposit required by the bank.
6. Wait for account activation: Wait for the bank to process your application and activate your account.
7. Get your ATM/debit card: Once your account is activated, you will be able to get your ATM/debit card.
8. Activate online banking: Activate online banking, if the bank has this option, to access your account online.
9. Begin using your account: Once you have completed all the steps, you can begin using your account to deposit and withdraw money and make transactions.

Please note that the requirements and restrictions may vary depending on the bank and it is recommended to check with the bank in advance for the specific requirements.

Major banks which allow opening bank account while on a tourist visa

Some major banks in Thailand that allow opening bank accounts for tourists on a visit visa include:

1. Bangkok Bank: Bangkok Bank allows tourists to open a savings account with a valid passport and visa. They also require an initial deposit of 2,000 baht.
2. Kasikornbank: Kasikornbank allows tourists to open a savings account with a valid passport and visa. They also require an initial deposit of 2,000 baht.
3. Krungsri Bank: Krungsri Bank allows tourists to open a savings account with a valid passport and visa. They also require an initial deposit of 2,000 baht.
4. Siam Commercial Bank: Siam Commercial Bank allows tourists to open a savings account with a valid passport and visa. They also require an initial deposit of 2,000 baht.
5. SCB Easy: Siam Commercial Bank also has an e-banking service called SCB Easy that allows tourists to open an account using their passport and a Thai mobile phone number.

Please note that the requirements and restrictions may vary depending on the bank and it is recommended to check with the bank in advance for the specific requirements. Also, please note that if you’re on a tourist visa, there might be some restrictions on account opening and/or certain features on the account.

Do banks allow opening a foreign currency account or only Thai currency account for the tourist visa holder?

It’s possible that some of the major banks in Thailand that allow opening bank accounts for tourists on a visit visa may also allow opening foreign currency accounts, such as US dollar or Euro. However, it’s best to check with the bank in question for their specific policy regarding foreign currency accounts for tourists on a visit visa.

It’s also important to note that, as a tourist, you may face certain restrictions on account opening and/or certain features on the account. For example, you may have a lower withdrawal limit or a lower account balance limit, or some banks may not allow opening foreign currency accounts for tourists.

It’s recommended to check with the bank in advance for the specific requirements and to compare the features and fees of different banks before opening an account.

Tips while opening a bank account in Thailand:

Here are some tips to keep in mind when opening a bank account on a tourist visa in Thailand:

• Make sure your visa is valid for at least 90 days and allows you to stay in the country for that period of time.
• Gather all necessary documents such as passport, visa, proof of address, and proof of income (if required).
• Research different banks and compare their requirements, fees, and features before making a decision.
• Be prepared to make an initial deposit, which can vary depending on the bank.
• Check with the bank in advance for any specific requirements or restrictions for tourists opening an account.
• Be aware of the interest rates on savings accounts in Thailand, which are generally lower compared to other countries.
• Be aware of any restrictions such as lower withdrawal limit or lower account balance limit.
• Be aware of any fees associated with the account such as account maintenance fees.
• Be aware of the exchange rate before opening a foreign currency account.

Opening a bank account can be useful if you will be staying in Thailand for an extended period of time and plan to make frequent transactions, such as paying rent or bills. It can also be useful if you plan to make large purchases, as it can be more convenient and secure to pay with a debit card or wire transfer than with cash.

However, if you will only be in Thailand for a short period of time and do not plan to make many transactions, opening a bank account may not be necessary. Instead, you can use cash or a credit card for your transactions.