mrmillersr Posted November 25, 2009 Share Posted November 25, 2009 I've got a check coming from the UK payable in GBP. Rather than deposit it into one of my Thai baht accounts I want to open a GBP foreign currency account instead. Does anyone know which local bank has the lowest fees to do this? Check is for around 30,000 GBP. Link to comment Share on other sites More sharing options...
sundaypsychos Posted November 25, 2009 Share Posted November 25, 2009 if i remember correctly i paid about 500baht when i transferred over an amount similar to that. im with bangkok bank. they seem to give a slightly better rate on the pound than my previous bank siam commercial. Link to comment Share on other sites More sharing options...
ozsamurai Posted November 25, 2009 Share Posted November 25, 2009 As far as I know HSBC is the only one to offer foreign currency accounts, but they charge like a wounded bull in my books, so you can't get both. I'll follow along see if anyone else has any more... Oz Link to comment Share on other sites More sharing options...
lannarebirth Posted November 25, 2009 Share Posted November 25, 2009 I do not have a recommendation, save to warn against using Kasikorn Bank. Link to comment Share on other sites More sharing options...
samuibeachcomber Posted November 25, 2009 Share Posted November 25, 2009 you can get a foreign currency account but most banks will only let you open one if you are employed here and have the required visa and work permit.these accounts pay reasonable interest rates around 5% upwards i think.If you are on a non O retirement extension or marriage extension you may get lucky depending on the bank and who you talk to. Link to comment Share on other sites More sharing options...
chiang mai Posted November 25, 2009 Share Posted November 25, 2009 All the major Thai banks, plus the overseas banks in Thailand, now offer foreign currency accounts so really, take your pick. But be aware, if you deposit a UK Sterling cheque in a bank based in Thailand it will take a long time to clear, certainly not the three working days you are used to and possibly a matter of weeks. As for what the charges might be, I've no idea but I strongly suggest you find out before depositing your cheque here. Link to comment Share on other sites More sharing options...
gotlost Posted November 25, 2009 Share Posted November 25, 2009 Bank of Bangkok account on marriage or retirement extension no problem. Check 340 baht. They say 30 days to clear mostly 21 days. Link to comment Share on other sites More sharing options...
Mapguy Posted November 25, 2009 Share Posted November 25, 2009 I suggest Bangkok Bank as having the most transfer agents and the most experience with this sort of thing. But check it out for procedures that you might not be normally accustomed to. In any case, the number of branches able to do this might be limited, and don't expect immediate domestic inter-branch transfer of funds. Anyway, check it out. If you are in Chiang Mai, I think the Kad Suan Kaew branch manager knows his business. Link to comment Share on other sites More sharing options...
Trickcyclist Posted November 25, 2009 Share Posted November 25, 2009 Bank of Ayudhya, if they still do foreign GBP accounts.. Link to comment Share on other sites More sharing options...
L&J Posted November 25, 2009 Share Posted November 25, 2009 Deposited a U.S. Government Treasury check in a Bangkok Bank account and it was immediately credited to the account. Since it was a government check BB said there was no wait for any clearance process. Link to comment Share on other sites More sharing options...
Jonathanpattaya Posted November 25, 2009 Share Posted November 25, 2009 I would agree with the Bangkok Bank suggestions. Link to comment Share on other sites More sharing options...
mrmillersr Posted November 25, 2009 Author Share Posted November 25, 2009 I checked today at the Bangkok Bank branch where I have a Thai baht account. They told me their fee was I think 340 baht plus there was another fee of 34 GBP that I would be charged also. Does this sound right or am I getting hosed on this? Link to comment Share on other sites More sharing options...
Kitsch22 Posted November 25, 2009 Share Posted November 25, 2009 I suggest Bangkok Bank as having the most transfer agents and the most experience with this sort of thing. But check it out for procedures that you might not be normally accustomed to. In any case, the number of branches able to do this might be limited, and don't expect immediate domestic inter-branch transfer of funds. Anyway, check it out. If you are in Chiang Mai, I think the Kad Suan Kaew branch manager knows his business. And if you are in Chiang Rai, please be aware that my wife and I were informed that the only branches there equipped to set up such accounts are those at Chiang Rai and Mae Sai. I recommend the latter where Khun Malai Buasarot (the Provincial Manageress) proved to be exceptionally helpful and generally pleasant. Any Thai bank manageress who keeps an effigy of Albert Einstein on her desk and is able to engage in a discussion of his work surely gets my business! Link to comment Share on other sites More sharing options...
vera5212 Posted November 25, 2009 Share Posted November 25, 2009 I go with the idea of Bangkok Bank. Here the link with all the info needed on foreign currency accounts. http://www.bangkokbank.com/Bangkok%20Bank/...20Accounts.aspx In case the link does not work - go to www.bangkokbank.com - personal banking - foreign customers - Bangkok Bank accounts Link to comment Share on other sites More sharing options...
L&J Posted November 26, 2009 Share Posted November 26, 2009 Khun Malai Buasarot had been running the BB at Kad Suan Kaw for years and we found her great. Then she was sent off to Mae Sai. Never understood why? Thought she must have offended someone as we couldn't possibly have envisioned the move as a promotion. Link to comment Share on other sites More sharing options...
uptheos Posted November 26, 2009 Share Posted November 26, 2009 Khun Malai Buasarot had been running the BB at Kad Suan Kaw for years and we found her great. Then she was sent off to Mae Sai. Never understood why? Thought she must have offended someone as we couldn't possibly have envisioned the move as a promotion. It actually is a promotion. She was sent there because they have a massive amount of Chinese clients with BIG money and she is the 'Chinese Connection'. Always helpful to foreigners. Link to comment Share on other sites More sharing options...
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