Banks in Thailand are governed by the Bank of Thailand, the country’s central bank, which was established in 1942.
All banking systems in Thailand are regulated by the Financial Institution Act B.E.2551 (2008), which sets out the type of business a bank may undertake, and outlines regulations concerning foreign commercial banks, subsidiary branches or commercial banks for small businesses.
There are many national and international banks in Thailand such as Siam Commercial Bank, Citibank and Deutsche Bank. Most banks have English language websites. You may wish to take a look at several of these before deciding which bank suits you most.
Each high street bank has individual procedures for opening an account in Thailand, and the process is relatively straightforward.
International Business Consultants would 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 national banks in Thailand and the main ones include:
- Siam Commercial Bank (SCB)
- Bangkok Bank
- Kasikorn Bank
- Bank of Ayudhya (Krungsri)
- Krungthai Bank
International Business Consultants 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.