Bank Account

[seven]

Hi There !

In about a month I will have an non-immigrant O-A Visa. I would like to open two bank accounts in Thailand:

1) a bank account for thai Baht which is no problem I assume. How do I open one ? Is that easy ?

2) Can I open a Thai bank account where I remit Euro's and not convert them immediately into Thai Baht ? If, at a later stage, I need to remit Euro's from Thailand overseas I would remit them from that euro account. Is that possible ? Or am I required to convert any Euro which is transmitted to Thailand immediately into Baht. If so, can I then still convert it again in Euro's and remit it overseas ?. Or are there restrictions ? I realise that, in that case, there are costs involved.

Thanks for your reply

Seven

[KevinN]

There is no problems in opening a thai bank savings account,you sign some papers show your passport and put in some money,they issue you an ATM card and a bank passbook.

But why not leave your euros in the bank that they are in now,You can use the ATM card that I assume you have in any ATM machine here in thailand if you need to.Might save you some trouble later,I would not put anything in a thai bank that wasn't a must. The banking laws and rules here in Thailand are different than about anywhere else.

[BigA]

It is way easier to send the Money in, than it is to try and send out of the Thai bank ,to a foreign bank! I have done it, and there is additonal form, that covers the Bank people's butt here in THailand. I think there are laws which discourage the repatriation of funds. They like the capital to roll in, but not out!