Bank Account Pattaya
One of the most important things expatriates have to consider are the requirements for opening a Bank Account in Pattaya.
In this article, you will find the most common bank option, account types, procedures needed to open a new Bank Account Pattaya and which is the best bank account for foreigners.
Although we prefer to not have any financial problems, as life is full of surprises, I will tell you the most important differences between Thailand and the rest of the countries when we talk about the banking field. When you decide to open a Bank Account in Pattaya, please feel free to contact us.
To remember that when a certain bank branch does not operate in a certain branch, it is not mandatory for the rest of the banks to operate the same way. We cand guide you to open a Bank Account Pattaya.
This being in your favor, but is also frustrating at the same time because bank administrators and employers sometimes interpret the rules in a more strict way.
Please note that some of the procedures can only be performed at the branch where you already open the account, and some of them can be done on all branches. Just because of this reason, our team is here to help you open a Bank Account Pattaya.
When you need help with opening a Bank Account Pattaya , do not hesitate to contact us, and our team will assist you throughout the process.
Complete the form to inquire about opening a Thai bank account
The best for foreigners and the most used is Bangkok Bank and Kasikorn Bank, with these two, is much easier to work and have more respect for foreigners than the rest.
But depending on your needs and the status of an immigrant, there is a long list of banks that you have as options. We can help you opening a Bank Account Pattaya anytime you want.
Bangkok Bank is one of the largest banks in Thailand, having one of the largest distribution channels to serve a wide range of services for future prospective customers.
Among the services offered by this branch are internet banking, the banking phone and many more, and when it comes to bank transfers, this bank has the best exchange rate.
The Thai Bank Account for expats can also be opened as I said to one of the favorites among the foreign citizens, this being Citibank, which allows you to make electronic transactions from anywhere you to and any time.
Below you can find the most common requirements for opening a bank account:
-You need a reference letter from a Thai person.
-Your Thai driving Licence.
-You also need a letter of reference from your bank.
-A letter of reference from an embassy.
-A letter stating that they have a working visa.
-Visa for work or for students.
-Your Thai house registration.
When you open a bank account or savings account, the bank will provide you a debit card that you can use as a Visa card for all online and offline payments, but it is not accepted by all international sites.
If you use the ATMs in a single province the taxes will be 50% lower than if you use them in another province.
These ATMs are similar to those bank machines that you can find on the street, they will allow you to perform certain actions, such as withdrawing or transferring money, paying bills and checking the balance you have
Probably many of you are still wondering why it is absolutely necessary to open a bank account in Thailand, what you need to know is that it comes with a lot of benefits.
Thai bank account for expats helps avoid the highest fees charged by the ATMs, paying the same fees that Thai citizens pay.
When you have a Thai bank account, avoid the conversion rates that come with currency transfers that may be unpleasant sometimes.
As I mentioned earlier, each of the banks has different rules, requirements, and benefits, each with different specifications.
Here are the banks and branches where you can begin the process of opening a new bank account.
1. Kasikorn Bank(K-Bank)
The requirements for opening a bank account using this branch:
For people based abroad:
-the passport is required.
-work permit or education visa, but these are not required for each branch
For the Thai Bank Account for expats are required the next documents:
-a copy of the passport and one of the work permit.
-50.000 Baht deposit.
-and your phone number.
3.CitiBank, as I said, is the best bank account for foreigners.
The necessary documents are:
-your passport and your work permit.
-or the rental agreement of an apartment for at least 1 year
Here I come with the mention again, like when you need an agent for opening a bank account, do not forget to get in touch with us as soon as possible, and we will help and assist you in the process of opening a bank account according to your personal needs.
It seems that to open a bank account at this bank only work permit is required, instead, non-resident accounts are intended:
-subsidiaries or representatives of Thai companies that are established in countries outside the country.
-tourists and visitors from abroad.
-for foreigners who work temporarily in Thailand.
-UN embassies, consultations and agencies, and foreign government agencies
-a referral letter from the embassy and your bank in your country of origin are required.
-proof of address both from Thailand and from the home country.
It is also the best bank account for foreigners because when you have a work permit or if you have a longer stay visa, you can take advantage of a wide range of services
These are some of the examples and documents needed for a Thai Bank Account for expats but do not forget, when you may need help for opening a Bank Account Pattaya, we invite you to come in contact with us, using our email, phone number or you can also pass by our office.
When your account is open, you can start making money transfers, but consider that when doing fair transactions, this process can be costly.
Because things are much lighter in Thailand when you have a bank account, you need an agent for opening a bank account, that’s why our team is here to help you. For any other information about opening a Bank Account Pattaya we are here to help you.
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