DestinationsThailand
🇹🇭

Open a bank account in Thailand

⚠ CRSIn-person requiredRestrictedfrom £990

Who we work with

We work with Thai commercial banks. An in-person visit is required. A long-term visa (work, retirement or study) is needed. Minimum deposits are low and vary by bank.

About this destination

Thailand is Southeast Asia's most popular expat destination and offers straightforward account opening for holders of long-term visas. The country has been a CRS member since 2023. Solid, well-capitalised banks, deposit protection up to THB 1 million and attractive fixed-deposit rates make Thailand an interesting complement to a broader international banking strategy. We accompany you through the entire process — from visa to account opening.

Banking system

All figures are indicative and subject to change. Not investment advice.

Key banks
Bangkok Bank PCL (largest private bank), Kasikorn Bank PCL (KBank), Siam Commercial Bank PCL (SCB), Krungthai Bank PCL (state-owned), Bank of Ayudhya PCL (Krungsri, Mitsubishi UFJ group), UOB Thailand
Credit rating
Thailand S&P BBB+ (stable, 2024); Moody's Baa1 (2024), solid investment grade; Bangkok Bank S&P BBB (stable); KBank S&P BBB- (stable)
Deposit guarantee
Up to THB 1 million (approx. EUR 26,000) per depositor and bank via the Deposit Protection Agency (DPA) Thailand
Currency
Thai baht (THB), 1 EUR ≈ 38 THB (April 2026); accounts also available in USD and other foreign currencies
Inflation
approx. 1–2% p.a. (2024/2025), among the lowest in Southeast Asia
Deposit interest
Typical savings rates 1–3% p.a. on THB accounts; fixed deposits up to 3.5% p.a.; foreign-currency accounts vary
Banking secrecy & CRS
Thailand has been a CRS member since 2023 and exchanges account data automatically with partner jurisdictions. Strong local banking secrecy additionally applies (Financial Institutions Business Act); information is released only under the CRS or by court order.

Knowledge & background

Why bank outside the EU?

EU account registers, EAPO, bail-in risk and de-banking — the full picture.

How our service works: step by step

Five steps from order to activated account.

How it works: our process

From consultation to open account — the four steps explained.

Declaring your offshore account: what you must report

CRS, FATCA and national reporting obligations explained clearly.

Questions first?

We'll tell you within 24 hours whether this destination fits your profile.

Quick overview

CRS status⚠ CRS
Minimum depositon request
Remote openingIn-person required
Non-residentsRestricted
Service feefrom £990

Not sure if this fits? Free consultation →

Requirements note

Proof of address and phone number must come from the same country — and that must be a genuine residence, not a PO box address. Our Nomad Package sets up a recognised address in the Philippines, including all required documents. Fully remote, no travel required. Ready in 1–2 weeks.

What's included in our service

  • Personal bank introduction
  • Document preparation and review
  • Application coordination
  • Ongoing support until account is active
  • Compliance and AML guidance

All information is provided for general guidance only and does not constitute legal, tax, or financial advice. Regulations and bank policies change; always verify current requirements before proceeding.