The Financial Institution Act B.E.2551 (2008) regulates all banking systems in Thailand. This act clearly sets out the type of business a bank may undertake, and stipulates laws that cover branches of foreign commercial banks, subsidiary branches or commercial banks for small businesses.
Each high street bank has individual procedures for opening an account in Thailand, and the process is relatively straight forward. International Business Consultants will be happy to assist you with the necessary paperwork and advise on the best bank for your business. Our team are also on hand to aid you with international transfers from or to your Thai bank.
There is a number of banks in Thailand but the main ones include:
• Siam Commercial Bank (SCB)
• Bangkok Bank
• Kasikorn Bank
• Bank of Ayudhya (Krungsri)
• Krungthai Bank
IBC would be pleased to be of your assistance if you need any help with your banking matters in Thailand with Thai banks or with expatriation of funds from a Thai bank to your bank account overseas.
