The order of a move is on Moving to Thailand. This page is the account, the transfer, and the way you pay day to day. Bank rules change. Confirm them at the branch that will hold the account.
Cash, cards, and PromptPay
Thailand still runs on cash in markets and small shops, while malls, hospitals, and Grab take cards. Many locals pay with PromptPay and QR. Foreign visitors often start with ATMs and cards; long-stay residents usually want a Thai account once their visa and address documents are in order.
Opening a Thai bank account
Banks commonly ask for a passport, a valid stay (visa or extension), and proof of address such as a lease or registration letter. Requirements vary by bank and branch; some want a work permit or company letter. Arrive with originals, Thai phone number, and patience — a second branch may say yes when the first said no.
- Keep digital and paper copies of passport bio page and visa stamp.
- Ask what mobile banking app the bank uses before you pick it.
- Do not pay “helpers” who offer nominee or fake address shortcuts.
Moving money in
International transfers, specialist FX services, and ATM withdrawals each have different fees and limits. For rent and school fees, a Thai account that can receive transfers is usually worth the paperwork. Compare mid-market rates, not only the advertised fee.
Everyday costs and tax reality
Pair this page with the cost of living guide for rent, food, and utilities. If you earn income while living here — local salary, freelance, or a Thai company — tax residency and filing are real topics. For company setup, see doing business in Thailand; for personal tax questions, use a licensed accountant, not forum certainty.
Practical habits
- Notify your home bank before heavy travel ATM use.
- Keep a small cash float for markets and taxis that still prefer notes.
- Photograph ATM receipts when something fails; disputes need evidence.
- Store bank hotline numbers offline on your phone.
ThailandLover is not a bank or financial adviser. Account eligibility, FX rules, and tax obligations depend on your status — confirm with the bank and a qualified professional.