The two most highly recommended banks in Thailand for foreigners needing to open a new bank account are Bangkok Bank and Kasikorn Bank. Here is a rundown on the two banks.
Bangkok Bank is usually the simplest and most stress-free bank for foreign retirees looking to open a bank account. They usually permit foreigners open an account even without a retirement visa or work permit, so this bank is a very good place to start. The bank also has an office in New York and is easily linked to US PayPal accounts if that is important to you. Bangkok Bank is also verified by Visa debit card so can be used online to buy things, The mobile app Bangkok Bank provide is also very popular with expats and retirees.
Kasikorn Bank (K-Bank)
Kasikorn Bank, or more commonly known as K-Bank, was originally called the “Thai Farmer’s Bank” and is known for having one of the best and most reliable mobile phone apps out there. The app is so great that you can even use it at the cinema to pay for tickets and lots of other things. K-Bank is very foreigner-friendly bank and offers an ATM card that can be easily used outside of Thailand in other countries that have Visa or Plus logos. It is easy to obtain a K-Bank account with a retirement visa, so you should not have any troubles here whatsoever.
If you have a valid passport and retirement visa, it can be a simple process to open a Thai bank account. For those of you who want to open one before you get here, we would suggest utilizing the services of a visa company. When your going to open a Thai bank account when you get here, it is easy to do yourself if you have a Thai friend. However, if you are unsure, a visa company will set you bank between $100 and $200.