I've been told that you can take cash to Thailand and open a Kasikorn bank account. This has the advantage of not costing you fees initially or forex fees when you withdraw money from the account. Is this correct?
#1 mic59 has been a member since 30/7/2008. Posts: 107
That is my understanding too, that you need to be a resident. I have several friends who aren't residents and have tried to open accounts at several different banks with no luck. I had an account at Thai Danu Bank when I was a Thai resident, but opening the account was a real pain in the butt. Unless you are going to be there for an extended period, it likely isn't worth the effort.
If anyone has first-hand experience that is different, please let me know, because my friends are still looking for a chance to open a Thai bank account. Cheers.
It depends on the bank -- and the branch. I have a Kasikorn account but I needed a work permit to get it. Bangkok Bank used to have a "tourist account" and by this page, looks like they still do.
#4 somtam2000 has been a member since 21/1/2004. Location: Indonesia. Posts: 7,789
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Thanks, guys. I heard that from the ThaiVisa forum which is notoriously unreliable. They often have some pretty good tips but they always need to be confirmed because you get tons of people posting and half of them forget to tell you important details.
#5 mic59 has been a member since 30/7/2008. Posts: 107
if you decide to try the Bangkok Bank option somtam mentions, will you let us know how it goes? i'd like to know if you are successful opening the account, how long it took to do it, if there are fees not mentioned in the link, and what type of local address they accept. do they give you the debit card right away, or do you have to receive it in the mail a week later? stuff like that.
good luck. i hope it works. cheers.