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Opening a bank account

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Hi all,

 

quick question regarding opening a Thai bank account as a foreigner.

 

My question is can a Thai account still be opened without holding a visa (marriage retirement)etc?

 

As from what I can tell I can’t get either visa without the bank account and having sufficient funds in it.

 

for context been married to a Thai national for many years, we have property in Thailand and Visit at least twice a year now and just trying to plan ahead for longer stays in Thailand. 
 

Im fully aware I should have opened a bank account several years ago.

 

thanks for your time

1 hour ago, gunn09 said:

 

for context been married to a Thai national for many years, we have property in Thailand and Visit at least twice a year now and just trying to plan ahead for longer stays in Thailand. 

 

For context, it's a completely useless context 

1 hour ago, gunn09 said:

My question is can a Thai account still be opened without holding a visa (marriage retirement)etc?

 

Probably not. Your best course of action IMHO would be to enter Thailand for your next biannual trip on the basis of a 90-day single-entry non-O visa for marriage obtained in your home country. The way should then be clear for you to concentrate on opening a bank account during this trip.

2 hours ago, gunn09 said:

Im fully aware I should have opened a bank account several years ago.


No, that doesn’t really make much difference. Even if you have an old account, failing to meet current guidelines could get it temporarily locked, as some forum members with longstanding accounts have already experienced. In some cases, you could even face permanent closure if you’re unable to provide the requested documents.

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2 hours ago, gunn09 said:

we have property in Thailand

Did you mean to write she has property in Thailand?

37 minutes ago, chawbdurian said:

Did you mean to write she has property in Thailand?


Maybe not if it's a condo. 

A Thai bank may be more inclined to open an account for you if you are able to show them that you will be depositing the funds required for your first 12 month extension.  The requirement is 800K ฿ for retirement or 400K ฿ for marriage extensions.

 

I agree with @OJAS's post above.... get a Non-Imm "O" visa before departure for Thailand.  I'm unsure how helpful the visa will be but at least you can make it look like you're moving to Thailand and need the bank account to satisfy Thai Immigration's requirements.

 

Without a Thai bank account you can either enter Thailand carrying the funds or you can use your home country debit card to get a cash advance at a bank teller.  In advance of your visit to Thailand your should ensure that the funds are easily accessible and acquire a suitable debit card if needed.   A 'good' debit card will not add any foreign transaction fees when getting a cash advance.  In America CapitalOne and Schwab provide 'good' debit cards.  Currently AFAIK, only Krungsri bank still allow cash advances on foreign debit cards but charge 200฿ for VISA and no charge on MasterCard.  Krungsri allow up to 150K ฿/transaction but I have down two on the same visit to the bank when I was preparing my 800K ฿ balance.

 

I don't use Western Union, but perhaps they also will allow you to send funds to yourself in Thailand without having a Thai bank account.  I have seen reports on AN that their fees are now competitive.

 

Good luck!

2 hours ago, gamb00ler said:

A Thai bank may be more inclined to open an account for you if you are able to show them that you will be depositing the funds required for your first 12 month extension.  The requirement is 800K ฿ for retirement or 400K ฿ for marriage extensions.

 

I agree with @OJAS's post above.... get a Non-Imm "O" visa before departure for Thailand.  I'm unsure how helpful the visa will be but at least you can make it look like you're moving to Thailand and need the bank account to satisfy Thai Immigration's requirements.

 

Without a Thai bank account you can either enter Thailand carrying the funds or you can use your home country debit card to get a cash advance at a bank teller.  In advance of your visit to Thailand your should ensure that the funds are easily accessible and acquire a suitable debit card if needed.   A 'good' debit card will not add any foreign transaction fees when getting a cash advance.  In America CapitalOne and Schwab provide 'good' debit cards.  Currently AFAIK, only Krungsri bank still allow cash advances on foreign debit cards but charge 200฿ for VISA and no charge on MasterCard.  Krungsri allow up to 150K ฿/transaction but I have down two on the same visit to the bank when I was preparing my 800K ฿ balance.

 

I don't use Western Union, but perhaps they also will allow you to send funds to yourself in Thailand without having a Thai bank account.  I have seen reports on AN that their fees are now competitive.

 

Good luck!

 

Citi Priority didn’t charge foreign transaction fees either on their debit card.

 

You need $30,000 USD on deposit, but that’s about ฿800,000 anyway that you might be transferring over. 

 

I’ve been thinking somebody should curate a list of no FTF debit cards, actually. Maybe someone has already. 

53 minutes ago, Everyman said:

I’ve been thinking somebody should curate a list of no FTF debit cards, actually. Maybe someone has already. 

NerdWallet used to give a list... I haven't checked that website lately.

 

Some smaller credit unions used to forego those fees as well.  Too many of those to check so I doubt if NerdWallet does.

 

Schwab remains the best option due to their refund of the ATM fees as well.

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