Since Thailand is predominantly a cash society, checking accounts are rarely needed except for business to business transactions.

Consequently, most Expats living here use a Thai bank savings account from which withdrawals can be made at ATMs. Bill payment can be by online banking or at convenient locations.

There are also different ways to obtain funds from your home country.

Banking is controlled by the Bank of Thailand regulations. The information we provide here is based on those regulations and Expat experience.

We do not provide information about obtaining credit since as general rule Thai banks do not extend credit to foreigners.

The information is current to the best of our knowledge. Please contact us at if you find any information to be inaccurate or discover any broken links.

Currency & Currency Exchange

Thai currency is called "baht." It comes in note denominations are 20, 50, 100, 500, and 1,000 baht. Coins are in 1, 2, 5, and 10 baht. There are also 25 and 50 satang coins (100 satang equals 1 baht).

There are restrictions on bringing currency into to taking it out of Thailand.  In most cities and towns, you can exchange or obtain Thai currency.

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Bank Accounts & Online Banking

The Bank of Thailand is responsible for regulating the Thai banking system, foreign exchange and monetary policy. The Bank of Thailand’s Regulations permit foreigners to have Thai bank accounts.

Each Thai bank has its own policies regarding who can open an account and what documents are needed. Although there are a few foreign banks operating in Bangkok, most appear to be involved in commercial banking.

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