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," mentioned another expat when asked about moving to 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," commented one expat who made the move to Bangkok, Thailand.
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Other Questions:
- What do I need to know before retiring in Thailand?
- How do I meet people in Thailand?
- What is life like in Thailand?
- 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?
- Is the cost of living in Thailand high?
- What advice do you have for expats having a baby in Thailand?
- What are healthcare services like in Thailand?
- Is the cost of living in Thailand high?
- What type of recreational facilities are in Thailand?
- What is the weather like in Thailand?
- Are there good restaurants in Thailand?
- Where will I buy groceries and do other shopping in Thailand?
- What are the visa & residency requirements in Thailand?
- Are healthcare and health insurance expensive in Thailand?
- What do I need to know when buying property in Thailand?
- Are foreigners allowed to own property in Thailand?
- What appliances are typically included in a rental?
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.
