Panwa Secretarial Service- Thailand
Bangkok and Phuket
Thai banks provide a wide range of services throughout the country. Most foreign banks are represented; however, at this stage they offer limited services to the individual consumer. Banking hours are generally from 08:30-15:30, Monday through Friday, except on public and bank holidays. It is best to confirm the business hours of your chosen bank at the time of opening an account.
All banks require several forms of identification (i.e. passport, ID card, work permit, current credit cards, etc.) and most will request a letter of introduction from your employer along with details of your current visa status. It depends also on the requirements of the bank that you preferred to open an account.
There are many banks in Thailand to choose from. The largest commercial banks are:
These banks offer services to foreigners not only for exchange currency but also for anything more complicated matters. Once a bank account has been opened, you will be able to use ATM cards, debit and credit cards, do internet banking. However, the first step is to open a bank account. But requirements to open an account depend on banks, between branches of banks, as well as the banking policy that exists. Aside copies of passport, often a work permit is also required for every foreigner who wished to open their bank account.
Banking in Thailand is a relatively stress free practice. There are a few documents you will need to submit in order to establish an account in an international bank. Requirements for opening an account:
* The first deposit for the International Bank Account must be transferred from oversea only.
Requirements and procedures in opening bank accounts may seem to be complicated process, but it will be quite simple if taken step by step. Anybody can open a saving account (without check book, but ATM debit card for a fee).
Automatic Teller Machines (ATMs)
ATMs can be easily found all over Bangkok for the withdrawal of Thai Baht. At some machines it is also possible to take cash advances from Visa, MasterCard or American Express provided you have a registered pin number. The ATMs that can handle these transactions are clearly designated with the credit card logo. You can apply for ATM card at the same time you open an account. The fees vary to the type of ATM card that one would like to have (e.g. normal card, premier card, visa electron).
List of Banks (Commercial and Oversea Branches in Alphabetical Order)
ANZ Bank Rep Office
Bank of America Bank of America Center
Bank of Ayudhya
Bank of Tokyo-Mitsubishi
Chase Manhattan Bank
Credit Agricole Indosuez
National Australia Bank Rep Office
Siam Commercial Bank
Standard Chartered Bank
Kasikorn Bank PCL
Westpac Banking Corp Rep Office
|For more information, please feel free to contact us:
Phone Nos.: +66 2 933 6121, +66 2 933 6122, +66 2 933 5601
(for call inside Thailand use 0 instead of +66)
Fax: +66 2 933 6120
Please CC: to our alternate email: firstname.lastname@example.org