Where should I setup a bank account in Thailand?
We asked expats in Thailand what banks they use and there advice about banking. They advised...
"Before retiring in Thailand, expats should research the cost of living in various cities and determine the best fit for their budget and lifestyle. Expats should also familiarize themselves with Thai culture and customs in order to ensure an adjust to the new lifestyle. Additionally, research the availability of health care facilities, obtainable treatments, and services to ensure access to quality care in Thailand. Furthermore, expats should obtain the correct visa for retiring in Thailand, typically a Non-Immigrant O-A visa, and investigate the total costs associated with obtaining it. Lastly, expats should research any taxes applicable to retirees in Thailand," remarked another expat in Thailand.
"At first I used Bank of America for checking, but then they shifted out of the retail banking business in Thailand, so I use local banks for everything, except credit cards, where I use banks in the USA," said a member in Bangkok, Thailand.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
- What should I pack when moving to Thailand?
- Where should I setup a bank account in Thailand?
- Will I be able to find a job in Thailand?
- What is life like in Thailand?
- What do expats in Thailand appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Thailand?
- Is there a lot of diversity? Are people in Thailand accepting of differences?
- What are the schools in Thailand like?
- What are healthcare services like in Thailand?
- What are medical services in Thailand like?
- Are healthcare and health insurance expensive in Thailand?
- What are emergency services like in Thailand?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Thailand?
- How are local medical facilities in Thailand?
- As a foreigner living in Thailand, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Thailand?
If you live in Thailand, newcomers to Thailand would love to hear your answer to this question.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
