ryanhoward83 Posted February 19, 2014 Share Posted February 19, 2014 Hi, I am going back to Thailand in April and I don't want to pay the high fees from both sides, does anyone know if it's possible to open a bank account in bkk and move my money in there so I won't get all the high charges? Cheers for any advice Link to comment Share on other sites More sharing options...
Kris Posted February 19, 2014 Share Posted February 19, 2014 I think you might have to have a Thai Retirement visa to open a bank account, but not exactly sure. I had to show a retirement visa 4 years ago when I opened my account with Kasikorn Bank. Link to comment Share on other sites More sharing options...
Kimao Posted February 19, 2014 Share Posted February 19, 2014 I opened an account on a tourist visa before but some banks won't allow that. There are a lot of posts online about the best ways to get it done. If you are planning on wiring money over it won't be any cheaper than converting money at a good exchange place. Kasikorn, the green farmers bank which I primarily use, doesn't have good rates on conversion of incoming funds. They only charge 500 baht on incoming money though and most banks have a set wire transfer fee that is less than $100. You are better off bringing cash and exchanging at a super rich unless large amounts in which case you can get a better rate from the bank when the contact you to verify the wire funds are yours. The banks will do paperwork on large transfers and starting this year are supposed to report all accounts with over $10k dollars to the financial crimes agency if you are an American. FYI. Link to comment Share on other sites More sharing options...
willow Posted February 24, 2014 Share Posted February 24, 2014 I believe you need to have an address in Thailand that is not a hotel before you even get to the visa bit. Link to comment Share on other sites More sharing options...
rowy Posted February 24, 2014 Share Posted February 24, 2014 You might want to check this thread at Pattaya-addicts http://www.pattaya-addicts.com/forum/topic/49732-setting-up-a-thai-bank-account-updated-jan-2014/page-37 I made the link so you'll see posts starting in December of 2013. Link to comment Share on other sites More sharing options...
ryanhoward83 Posted March 27, 2014 Author Share Posted March 27, 2014 Thanks for all the information guys, cheers. Link to comment Share on other sites More sharing options...
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