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Thai bank account turist visa

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Everything you said is true, but the reality is︃ that a Thai bank account can still have its place in your offshoring arsenal.

For instance, they generally have no comissions (or laughable ones), very low minimum balance requirements, and︄ you get a debit card that you can use anywhere in the world (online and︅ in ATMs).

Yes, inflation can be a problem, but it can also be used to︆ your advantage. The Thai baht has always been relatively stable anyways, fluctuating (predictably) around the︇ 1USD = 35 baht mark. It is also a relatively strong currency in the region,︈ making that Thai debit card very useful in Vietnam, Laos, etc.

I agree that this︉ may change next year with the threat of inflation due to the new rules though.︊ We'll just have to wait and see.
 
In fact, I currently spend several months a year︃ in Thailand. Right now, my visa is not a problem because I still enjoy flying︄ to another country every 60 days. I also fly back to my home country several︅ times a year.

I can say with certainty that having a bank account in Thailand︆ makes a lot of things easier. Also, I am getting tired of watching my bag︇ of 1,2 and 5 Bath coins getting bigger and bigger. I was already stopped at︈ the airport one day because I was carrying almost 4000 THB in small coins. Sure,︉ there may be other solutions, but the most sustainable for me would definitely be a︊ local bank account.

The annual operating costs are also negligibly low. With such things I︋ go completely after the motto: Better have than need.

Back to the topic: In case︌ anybody can help with the Certificate of Residence, I’d be truly thankful!
 
You need a TM30, which only a‍ landlord can produce.

It's strange that the bank asked for that though. But if that's⁠ all they need, just rent something with a lease agreement (even if it's only for⁤ a few months), make sure that the landlord will give you a TM30 and you⁣ are all set.

Note that some hotels can also give you a TM30, so that⁢ can also work. Stay one night in one of those and get a TM30. Then︀ try getting the certificate with that (though you'd be missing the rental agreement, but it︁ could work).

Again, if you're serious about this, try another city. This kind of stuff︂ where you need to bend the rules slightly to your favor always works much better︃ in small cities. Why? People are usually more helpful, they have more time, less people︄ in line, etc. In banks, in immigration, everywhere. This rule applies to every country in︅ the world, in my experience.

Anyways, try the TM30 now, and keep us updated 🙂
 
500 THB (donation) immigration....

https://thailand.acclime.com/wp-content/uploads/certificate-of-residence.pdf
https://bangkok.immigration.go.th/en/the-endorsement/application-for-residence-certificate-tm-16/
https://bangkok.immigration.go.th/wp-content/uploads/2021/06/8Public-Handbook.pdf [ignore fees⁠ on this, must be translation issue]

1) Have you looked at the BAHT against the $ and Pound and EURO︂ over the past decade?
2) Have you looked at the skill(s) and demographics in Thailand?︃
3) Have you considered the 'privacy' that Thai banks afford (not Gov privacy) but generic︄ privacy.
4) Have you considered that Thai banking apps offer the ability to transfer 2,000,000︅ THB international at the click of a button with real simplicity?
5) Have you considered︆ Thailand is a country that produces most of its food via its vast agricultural base,︇ whilst also increasingly becoming a factory for the world, as China is sin-binned? - inflation︈ happens predominantly in countries that import... not export.
 
You should quote my whole post, not just the critical‍ points. TLDR was: get a visa first and then worry about the bank account, which⁠ than comes with ease.
Using at as a offshore only will invite trouble sooner or⁤ later.

Yes, theres that famous table usd⁢ vs all fiat currencies over 10y.
Not that impressive tho Baht being down 14.6% over︀ 10y, but also not too bad.
But being in Chf, Sgd and usd has been︁ better over 10y.

And many here on this forum still bank in Switzerland or Singapore︂ or Us.
But holding large cash piles is anyway useless when you can hold Bitcoin,︃ which is vastly superior to any nation state currency.
Yah, seems good, not what︅ I am used to measure with personally, but its certainly very ok and above average.︆ But Id eye on Vietnam for that.
But the demographics is not too great either.︇ Cannot beat Africa regarding demographics or also Vietnam.
Thai brokers themselves tout Vietnam having higher︈ growth.

You said before in posts they are really︊ advanced with tracking and AI and all of that and the aml bs crap too︋ advising against p2p inside thailand etc.
So what is the privacy you're talking about?

I can have this way better in Switzerland for example or remote banks in Africa.

Questions will arise and how do you answer these without work permit?

Its "only" 50k, I︍ can transfer out of HK with ease a big multiple of that across certain Asian︎ countries for 0 fees, or simply swift.
Same works for Swiss banking or US as️ well.

Thats great. Hence I said. Get an adequate visa first and worry⁤ about banks later. Thailand does import oil however.
Nevertheless, its a good spot however, and⁣ worthwhile to have a visa for (which allows for having banking without tricks).

Cant you get a visa for︊ Thailand which does not depend on "border runs"?
 
I already do have︄ a TM30 report. It's just not clear for me what the next steps are, as︅ the immigration in Bangkok told me they cannot issue a certificate of residence. Perhaps the︆ lady working there just got me wrong, as her English was not that good. Thing︇ is, that it takes me around 4–5 hours to get to the immigration and back︈ home again, so I'd prefer to be well-prepared before taking further steps.

I read in some sources that the embassy from your home country is︉ required to issue the document (in case of holding a TR visa), have you heard︊ of that as well?
 
If you have free time I think your best chance is⁣ to select an area/district and visit every single bank branch, bringing supporting docs you currently⁢ have + cash along. It all depends on the bank branch/manager policy. I bet you︀ will eventually end up with an account.

If I were you I will start with︁ branches within malls as it's conveniently open everyday.
 
Thai residents will start being taxed on foreign-income remitted into Thailand. In the‌ past (and until December of this year) it was possible to remit money into Thailand‍ without paying tax on it or even declaring it, legally.

The new rule will definitely⁠ result in less money remitted into Thailand, especially large remittances from resident investors/real estate owners,⁤ which will impact the Thai baht negatively.

How much of an impact it will have⁣ is unknown though. It can range from negligible to a plummeting Thai baht.

You know⁢ what they say, ask 10 economists, and you'll get 10 different answers...
 
This is the way to go.⁣ I've used this method before. I was being told no even in 6 branches before⁢ the 7th finally opened an account for me.
 
I just wanted to give everyone here an update of my journey to get a‌ Thai bank account.

I have visited around 50 branches of different banks in Bangkok. Only‍ one branch of Bangkok bank was willing to open a bank account for me if⁠ I can provide a certificate of residence beside some other documents. After spending some effort⁤ in getting all the documents they asked me for, the bank required me again to⁣ bring a filled out confirmation of my embassy here in BKK. Unfortunately, my embassy declined⁢ to fill out those third-party documents.

It seems like the only option to get a︀ bank account in BKK as a foreigner these days is to either get a proper︁ visa or spend 10-15k THB for some mafia agencies.
 
Thank you sooooooo much for this lovely information from your experience @Reawake ! It makes‌ good sense that someone can't just walk into a Bangkok Bank and open an account‍ without proper documents. I would have be surprised if that would work.
 
No need to get sarcastic or passive-aggressive. Not a long time ago, it‍ was surprisingly easy to open a bank account at a Thai bank, and you'll wonder,⁠ but every branch makes their own rules. Even though Bangkok Bank is advertising they'll open⁤ a bank account for foreigners even on visa exemption or tourist visa , most branches⁣ don't. As in my case, the only Bangkok Bank branch I found, which was willing⁢ to open a bank account, asked for a confirmation from my embassy, but unfortunately, my︀ embassy doesn't provide this kind of confirmation.

I was only trying to provide some values︁ to others on this board, who are maybe also considering opening a bank account with︂ the same visa situation here like me.
 
Just curious...did you call them‍ out on this? 🙄
 
In a dating forum, after 50 failed attempts, they would tell you to hit the gym︂ and be confident. Did you hit the gym and show confidence when entering the banks?︃

On the other hand, you may try cities outside of Bangkok. Rules can be more︄ relaxed in smaller provinces. Or just get a proper visa, especially if you want to︅ stick around during the next year or so.
 
There is so much wisdom in this paragraph rof/% 😉 😎
 
NGL...this is a GREAT (and fair) deal. thu&¤#
 
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