New rules: How to open a bank account in Thailand in 2025!

New rules: How to open a bank account in Thailand in 2025!

In Thailand, account opening for foreigners has changed fundamentally since 2024. New rules will apply, especially from 2025, which will have an impact on many residency visa holders. Thai banks have tightened their policies and now no longer allow tourists to open accounts, regardless of visa type. This measure is intended to help prevent fraud and money laundering, as wochenblitz.com reports.

A certain amount of planning is required if you want to open a bank account in Thailand. From now on, only people with a non-immigrant work visa, retirement visa, student visa or special long-term visas can open an account. Requirements vary depending on the bank, branch and clerk. Typically, a valid passport, an accepted visa, proof of address - such as a rental agreement or utility bill - and possibly a work permit are required.

Special features of opening an account

For many people, the topic of opening an account is a closed book. Some banks even require a letter of recommendation from the embassy or employer. On the other hand, the chances of success vary depending on the visa status - students with a non-immigrant ED visa often have particularly challenging requirements. Additionally, over 40 percent of first-time applicants report additional requirements or even rejections, often due to incorrect visas, incomplete documentation or internal bank policies.

The choice of bank is also crucial. Some institutions are more foreigner-friendly than others. Bangkok Bank is often seen as particularly accommodating. In tourist cities such as Phuket, Pattaya and Bangkok there are also visa agents who will help you open an account for a fee. This support can prove to be a real blessing, especially if you are not familiar with the language or the specific requirements of the banks.

Account types and requirements

A bank account is not just a “credit” or “debit” on a piece of paper; there are different types of accounts that can be used for different purposes. There are different types of accounts available in Thailand, including checking accounts, savings accounts and also term accounts. When opening an account, care is taken to ensure that the first deposits can vary between 500 and 10,000 Baht, depending on the account type, as check24.de notes.

Another point that often goes unmentioned is the fact that most banks in Thailand do not allow you to open an account online. Here, too, it turns out that personal contact often offers the decisive advantage. Finally, many banks also require proof of accident insurance, which, in addition to the already strict regulations, complicates the process of opening an account.

Last but not least, the geographical location should not be neglected either. In smaller cities, banks are often more cooperative and it is easier to get the service you want. Despite the challenges posed by the new laws, the Thai government remains committed to attracting skilled long-term visitors through long-stay visas, providing hope for the future.