Requirements For Opening An Hsbc Account In Thailand

[prighas]

I thought I should post this for those who are interested in opening an account at HSBC bank in Thailand. This is the information I received from them when I first attempted to open an account. I hope u find this information useful.

Requirements:

1. Initial deposit of THB100,000 equivalent for all accounts, except

foreign currency time deposit account initial deposit of USD15,000

equivalent.

2. Minimum monthly average balance* of THB500,000 equivalent, except

foreign currency time deposit account minimum monthly average balance of

USD15,000 equivalent. (* minimum monthly average balance is an aggregation

of all deposits, investments and loan outstanding balance at day's end

averaging for the entire month.)

3. Premier account offering privileges requires Initial deposit and minimum

monthly average balance of THB3million equivalent.

4. Completed application form at HSBC Bangkok branch at the address below

with given requirements and documents, or visit your nearest HSBC branch

for available services on other branch account opening.

Find also attached the account details for your consideration on types of

account, documents required as well as our tariff of charges:

(See attached file: AC Opening information.pdf)(See attached file: Bank

tariff effective 10 April 2006.pdf)(See attached file: Account opening

documents required.pdf)

AC_Opening_information.pdf

Account_opening_documents_required.pdf

Bank_tariff_effective_10_April_2006.pdf

[Khun Bob]

No mention of needing a work permit... When you enquired did they state it was possible to have a non-resident account provided the conditions you state were met ?

In the UK HSBC have a UK international banking centre, which allegedly helps people open a HSBC account/relationship with any of their branches world wide - hope to be contacting them later today with respect to Thailand...

[Oleg_Rus]

Since years they were kinda bitchy. I remember they needed 100K initial deposit and 30K monthly balance, 6digit PIN, bloody high fees and so.. That was about 10 years ago.

btw , who needs this bank? anyway ? there's Citi, BBL, others . Why HSBC ?

[Mahout Angrit]

Since years they were kinda bitchy. I remember they needed 100K initial deposit and 30K monthly balance, 6digit PIN, bloody high fees and so.. That was about 10 years ago.

btw , who needs this bank? anyway ? there's Citi, BBL, others . Why HSBC ?

Why would you want to open an HSBC account in Thailand? All banks based overseas are still subject to Thailands currency regulations with regards to movements oversea etc. Citi bank(at least) is limited to only 2 currencies ($US and Baht).

Yes there is Citi bank but the requirements are much the same and they also have visa requirements.

If you have the kind of money that is mentioned here then why not open in Singapore with HSBC or Citi etc. They all have on line banking, there are no language problems and unless you are living in Bangkok is just as cheap and easy to get to these days.

[Khun Bob]

Just called the HSBC Intrnational banking line in UK :

0207 9917278 open m-f 09:00-17:00

Thay state that cannot assist in opening an hsbc thailand bank account - have to go there in person...

However, for anyone interested in the following countries the local numbers are provided too

usa, aus, france, china, hong kong, can, egypt, malyasia, malta,

mauritis, nz, phillipines, sing, sri lanka, uae,

china 0086 213 8882503

hk 00852 2822 3360

egypt 00202 739 6096

malaysia 00603 2270 3688

malta 00356 25972 678

mauritus 00230 203 8302

phillipines 00632 830 5734

sri lanka 0094 11268 9907

uae 00971 4507 7701

For International business accounts :

business acounts 08456 031145

For anyone who wants to beg for a hsbc thai account, when out of the country :

int bank centre thailand 0066 2614 4960

Alternatively put £50000 in an account, become a premier member and all will change (get an account anywhere easily (allegedley))

HTH