JoseThailand 627 Posted September 28 Share Posted September 28 Does any of the Thai banks provide foreign currency accounts with the ability to use a mobile app? The banks I talked with told me that a mobile app is not available for foreign currency accounts. Withdrawals and transfers can be made only at the branch. Additionally, if you get a debit card for a foreign currency account, it can be used only inside Thailand. Link to post Share on other sites More sharing options...
Mickeymaus 1438 Posted September 28 Share Posted September 28 At the Bangkok Bank I can transfer from my foreign currency account to my Baht account there online. I never checked if other options are available. 1 Link to post Share on other sites More sharing options...
HighPriority 1385 Posted September 28 Share Posted September 28 Wise. 1 Link to post Share on other sites More sharing options...
XJPSX 224 Posted September 28 Share Posted September 28 Not to my knowledge. You can obviously deposit usd into your thb acct with the banks nominated exchange rate but there are no platforms available similar to hsbc etc. Link to post Share on other sites More sharing options...
mjakob007 788 Posted September 28 Share Posted September 28 WIth bkk bank mobile application, one can view FCD balance & transactions on your phone. However, transfers from FCD account to THB account has to be done on internet banking (on a notebook or desktop) or over the counter. 1 Link to post Share on other sites More sharing options...
terry Meltham 31 Posted September 29 Share Posted September 29 Can do with a SCB Planet account ! 1 Link to post Share on other sites More sharing options...
Peterw42 16760 Posted September 29 Share Posted September 29 Like most online banking, there is a website and there is an app, the website usually gives a few more features and functions. BKK bank the website you can transfer to/from foreign currency account, the app only displays balance. I presume other banks are similar, I know my bank in Australia is similar, more functionality via the website rather than the app. Link to post Share on other sites More sharing options...
sikishrory 519 Posted September 29 Share Posted September 29 Are these accounts only available to business customers? I already have regular accounts opened when I had a work permit and wife but a USD account would be very handy. Link to post Share on other sites More sharing options...
Mickeymaus 1438 Posted September 29 Share Posted September 29 1 hour ago, sikishrory said: Are these accounts only available to business customers? I already have regular accounts opened when I had a work permit and wife but a USD account would be very handy. No problem to open account at Bangkok Bank. Just understand the conditions. Bangkok Bank is the correspondence bank (hopefully this is the correct English word) of my bank in Europe. Transfers from Europe to here are free for me and extremely fast. There is no other bank involved. This can get costly. At Krungsri transfers were expensive for me. Had there such accounts before. Link to post Share on other sites More sharing options...
longball53098 511 Posted September 29 Share Posted September 29 6 hours ago, Mickeymaus said: At the Bangkok Bank I can transfer from my foreign currency account to my Baht account there online. I never checked if other options are available. Yes, I have a USD account and can move USD to my baht account using internet banking. Only during business hours 9-4:30 Monday to Friday. None on weekends. And I cannot transfer funds using the mobile banking app. 1 Link to post Share on other sites More sharing options...
mjakob007 788 Posted September 29 Share Posted September 29 2 hours ago, sikishrory said: Are these accounts only available to business customers? I already have regular accounts opened when I had a work permit and wife but a USD account would be very handy. They may ask a few questions. but we got it done. Its very handy, especially in situations where rate of exchange is volatile. Link to post Share on other sites More sharing options...
In Full Agreement 470 Posted September 29 Share Posted September 29 4 hours ago, XJPSX said: Not to my knowledge. You can obviously deposit usd into your thb acct with the banks nominated exchange rate but there are no platforms available similar to hsbc etc. The OP doesn't even mention USD. Why do you? When I had a foreign currency account, I didn't deal with the branch but rather had a number to call for the bank's foreign currency department in Bangkok. The lady I spoke with seemed to have some slight wiggle room in offering exch. rates. Link to post Share on other sites More sharing options...
Mickeymaus 1438 Posted September 29 Share Posted September 29 (edited) 22 minutes ago, mjakob007 said: They may ask a few questions. but we got it done. Its very handy, especially in situations where rate of exchange is volatile. Just look that you keep the minimum balance. At Krungsri this balance was 500 USD even for Euro accounts. 500 Euro on the account wouldn't be enough at the moment because the USD is higher. If I remember correctly then they charge you 10 USD per month. Krungsri also has no books. You get a plastic card - has nothing to do with ATMs. Also look at fees for depositing and withdrawing the foreign currency in foreign currency cash. If you transfer to the Baht account you get the better TT rate and not the rate for notes. Also check when the account will get dormant. Whatever bank you use check the conditions. One last thing. Such accounts are not protected by the Government deposit insurance. Edited September 29 by Mickeymaus 1 Link to post Share on other sites More sharing options...
kingkenny 1265 Posted September 29 Share Posted September 29 Bangkok Bank. I have a sterling account, it shows on my app and I can transfer from it to my Baht account during office hours only, no need to visit branch to transfer. 1 Link to post Share on other sites More sharing options...
Sqoop 126 Posted September 29 Share Posted September 29 Someone above said wise, useful because its possible to have multiple currency accounts. 1 Link to post Share on other sites More sharing options...
HighPriority 1385 Posted September 29 Share Posted September 29 10 minutes ago, Sqoop said: Someone above said wise, useful because its possible to have multiple currency accounts. No one else seems interested, maybe I got the question wrong… You’re correct though, an account holding your home currency and you can travel to a different country each day and spend in local currency in each country… to my mind does what the OP wants. Link to post Share on other sites More sharing options...
John9 16 Posted September 30 Share Posted September 30 I have GBP account with UOB Bank. I can transfer GBP in THB or can transfer back home to UK or any country using Internet Log in. I do not use any application. If any other currency like USD comes they will buy conver and deposit in GBP. So one can open USD or Euro Account if required but not multi currency. No debit card. Link to post Share on other sites More sharing options...
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