Why is a Thai bank account needed?
For purchasing real estate (to obtain FET), paying utilities, receiving rental income, and everyday expenses. It is possible to live without a local account, but it is inconvenient.
Which banks work with foreigners
Bangkok Bank: The most friendly to foreigners. There is an English-speaking service.
Kasikorn Bank (KBank): Convenient mobile app, good exchange rates.
SCB (Siam Commercial Bank): The largest bank in Thailand, modern technology.
Required documents
1. Passport
2. Visa (not a visa-free stamp — at least a tourist visa is required)
3. Certificate of Residence from the immigration office — the most complicated point
4. Contact Thai phone number
Practical tips
Try different branches: Requirements may vary depending on the manager. If you are denied at one, go to another.
Come in the morning: Less of a queue, managers are in a better mood.
Have an address with you: A Thai address is needed (can be the rented apartment).
Minimum deposit: Usually 500-1000 baht to open an account.
Alternatives
If you can’t open a Thai account: Wise (TransferWise) card, Revolut, or cryptocurrency solutions for everyday transactions.