Banks in Pattaya Thailand

I’m often asked for a list of Banks in Pattaya Thailand. So I’ve compiled a quick list of the major branches and what they require for account opening.
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Being a foreigner living in Thailand has its own share of perks and drawbacks. In terms of banking needs, foreign nationals often experience the undesirable side, from paying hefty withdrawal fees to jumping from one ATM to another because most do not accept their home bank cards. Therefore, it makes sense to open a local bank account. Subsequently, let’s take a look at the Banks in Pattaya Thailand

List of Banks in Pattaya Thailand
Pattaya has a Good Range of Domestic Banks to Choose From

List of Major Banks in Pattaya Thailand

  • Bangkok Bank – Soi Buakhao Branch
  • Bangkok Bank – Central Festival Branch
  • ICBC Bank – Bang Lamung
  • Siam Commercial Bank – Sip Chet Branch
  • Kasikorn Bank – Pattaya Tai
  • Krungthai Bank – Pattaya Tai
  • UOB Bank – Near 2nd Road Soi 13/4

These branches represent most of the major banks in the resort town. You will quickly find that there are literally smaller branches all over Pattaya and Jomtien, but, I would suggest that these are mostly the foreigner friendly branches.

You should be able to look up their specific addresses fairly easily on Google Maps.

The Process of Opening a Thai account – Banks in Pattaya Thailand

Whatever your reasons are, opening a bank account is one of the greatest decisions you can do as a foreigner. With a Thai ATM card in your possession, everything is much easier. You can conveniently transfer, deposit, and withdraw money according to your needs. So, let’s begin with the steps on how to open a bank account in Thailand.

First, it’s important to know that each bank has its own set of requirements and procedures and that, Thai banks require a lot of documentation, especially for foreigners. Therefore, this is something that you should anticipate beforehand. But of course, a detailed understanding of the ins and outs of banking is the key to successfully opening a Thai account. In this list, we will give you options to aid you in choosing the right bank based on your preferences.

Kasikorn Bank (K-Bank)

ATMs are everywhere in pattaya
ATM’s and Bank Branches are Widely Available Throughout Pattaya

K-Bank is one of the most popular banks among foreigners. Its key requirements include your passport and a valid work permit or education-based visa, depending on the branch. To better help you out, we gather some experiences from those who avail themselves of an account from K-Bank. One foreigner revealed that he opened an account at the K-Bank Pattaya Tai branch using his passport and non-immigrant O visa (marriage visa). He was not required to present any work permit or document for condo ownership.

Another ex-pat opened his account using his education visa and a copy of his passport. With these two requirements, his application was approved immediately, and he got his debit card.

United Overseas Bank (UOB Bank)

Next on the list is UOB Bank, an international bank that has several branches in the country. The major requirements for a non-resident opening an individual account include a copy of your passport, contact details, and a deposit of 50,000.

A copy of your work permit may also be needed, depending on the branch. Based on the experience of one foreigner, he opened an account and presented his passport, proof of address, phone number, and 50,000 Baht deposit. After completing the requirements, he received his bank card immediately.

Siam Commercial Bank (SCB Bank)

If you prefer a local bank, SCB is also a good choice. You only need to bring your work permit and passport. The non-resident accounts offered by SCB are for a variety of foreigners/representative offices in the country.

These include foreign individuals working temporarily in Thailand, overseas visitors, foreign government agencies (consulates, embassies, and specialized UN agencies), branches of Thai corporations established outside of the country, and international organizations positioned in Thailand. With that being said, it is implied that any non-resident is allowed to open an SCB bank as long the said requirements are accomplished.

Bangkok Bank

Bangkok Bank is a major
Bangkok Bank is Arguably The Largest of the Financial Institutions in Pattaya

Bangkok Bank is considered one of the biggest banks in Thailand, hence opening an account here is a wise decision. So, if you ever want to have a Bangkok Bank account, be sure to present the following:

•             Passport, plus one identification document (this may include your home bank, reference letter from the embassy, and the like)

•             Current Thailand address, together with your regular address in your home county

There are some instances that Bangkok Bank requires you to provide a certified letter from your Embassy. In this letter, it must state that your passport is indeed yours and it was presented to the Embassy for verification. The typical cost of this certification is around 1150 to 1750 baht.

For those who have an existing work permit, long-term visa, or those already considered as permanent residents by law, then you may enjoy better perks. These include opening a cheque account, enrolling in internet banking, and using online international fund transfers without having to attend a branch.

There are plenty of foreigners who have personally opened a bank account with Bangkok Bank. And most of them used their passport, non-immigrant O visa, and other identification documents to get approved. Normally, banks would accept a driver’s license for identification purposes.

KrungThai Bank (KTB)

KTB is a state-owned bank under the country’s Ministry of Finance. If you plan to get your account here, the requirements vary from the type of category you fall into. For foreigners, you are bound to present your passport, alien certificate, and work permit verified by a credible institution.

If you don’t have a work permit, you may provide a visa that is valid for at least three months. On the other hand, if you are an international student, the requirements aren’t that extensive. You only need your passport and student certificate issued by your school or college.

CIMB

CIMB Pattaya Branches
CIMB is a Much Smaller Bank but is Highly Reliable

Another option on the list is CIMB, which is also a large bank in Thailand in terms of assets. There are only two vital requirements when applying―a passport and savings account book or current account number. Whilst only two requirements are specified, there are certain qualifications needed to be complied with before you qualify for a CIMB account.

Firstly, you must be at least 15 years old. The second necessity is to have an individual savings account. The latter may be foregone if you have a current or joint account that permits the owner to withdraw cash. It may also be a merchant account that has a single account owner. Other conditions may be stated by the CIMB branch, so it’s better to check with the bank in advance to save time.

One foreign national who opened an account with CIMB used his friend as his guarantor. And at the time of application, he was only required to present his passport, together with the contact details and address of his friend.

Other Banks in Pattaya Thailand

There are also banks that may need your Thai relatives to prove your identity, on top of your visa or passport and current Thai address. Aside from the documentation, they may require you to purchase insurance that is worth 3,000 to 6,000 baht annually.

This insurance requirement depends on the policy of the bank. Therefore, it’s highly recommended that you do your research beforehand and check if such insurance is really a prerequisite or just a supplement. This way, you won’t shell out additional expenses.

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