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Best Thai Bank for Foreigners?


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Choice of preference should be one of the larger Thai banks that are used to dealing with foreign account-holders, e.g. Bangkok Bank, Kasikorn Bank, Siam Commercial Bank, ... There are other larg

I have Bangkok Bank and Kasikorn accounts.   Both accounts were easy to open, but I did have a Thai lady with me on both occasions to translate.  Both phone apps work great once set up, I ca

The answer is any bank that will accept you. They are all pretty much the same once you have an account.

Find out which Thai bank is your home bank's agent. Try and open up an account with that Thai bank. You will get your funds a lot quicker.

 

To give you an example. My UK bank uses Bangkok Bank as it's agent. All monies sent from my UK bank to Thailand gets sent to Bangkok Bank. If your Thai bank is say Krung Thai, then, Bangkok Bank transfers the money there. If you use Bangkok Bank as the final destination, it takes less than 24 hours to be credited to your account. Another Thai bank takes two to three days.

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I suspect it will be whichever bank will accept you and let you open an account.  My own choice is Kasikorn.  I've been with them 18 years and never a problem.

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Bangkok Bank has worked for me.  Many branches said no, so I traveled to Pattaya and they said yes.  They have a branch in New York City, so you can make a domestic transfer.  For Americans, this is very convenient.  You can set up direct deposit, from U.S. sources, etc.  

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2 hours ago, 86Tiger said:

 

I take that back, one complaint:  Bangkok Bank went union pay only for debit cards for awhile.  Union Pay isn't accepted every where so if only one card that could be an issue.  I think that is resolved now and they offer Master Card but I am out of country for awhile now and have not tried to sort it for a new card. 

I hated that Union Pay card.  In the UK you can only use it in Barclay's Bank ATMs which was always a massive pain whenever I visited.  Earlier this year I went and asked to change and got a contactless Mastercard version which is infinitely better.  Although not many places in Thailand are accepting contactless payment yet it's brilliant in other countries where it is the norm (Singapore, UK etc).

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14 hours ago, KarenBravo said:

Find out which Thai bank is your home bank's agent. Try and open up an account with that Thai bank. You will get your funds a lot quicker.

 

To give you an example. My UK bank uses Bangkok Bank as it's agent. All monies sent from my UK bank to Thailand gets sent to Bangkok Bank. If your Thai bank is say Krung Thai, then, Bangkok Bank transfers the money there. If you use Bangkok Bank as the final destination, it takes less than 24 hours to be credited to your account. Another Thai bank takes two to three days.

Are there transfer fee's in this scenario?

I've used wire transfers, and now for the last 6 months have been using Transferwise happily, but if there is a way to eliminate fees altogether that would be great.

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I have a bangkok bank account for getting my money sent from overseas/general daily use and a government bank account for my money in the bank required for my extensions

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1 hour ago, Dart12 said:

Are there transfer fee's in this scenario?

I've used wire transfers, and now for the last 6 months have been using Transferwise happily, but if there is a way to eliminate fees altogether that would be great.

No, there is a fixed fee of around US$30 per transfer. That is all fees charged by both banks.

I bank with Barclays UK and they charge like a wounded bull.

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41 minutes ago, KarenBravo said:

No, there is a fixed fee of around US$30 per transfer. That is all fees charged by both banks.

I bank with Barclays UK and they charge like a wounded bull.

You may want to look into transferwise for smallish transfers then.  They are cheaper than that.

BUT I'msure at a certain $$ amount it tips over to being better for that fixed $30 fee.

Transferwise will let you know upfront what your fee is and what your exchange rate is.

So far...seems Bangkok bank might not be the best, but at least a 'can't go wrong with them' choice from most of you.

Thank you for everyone's input, too.  I appreciate it.

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