SIAC Consulting Co. Ltd

Opening a Corporate Bank

Opening a Corporate Bank Account in Thailand (2025 Guide)

Opening a corporate bank account is essential after registering your company in Thailand to release capital and operate legally. Here’s a concise guide for Thai and foreign business owners.

Considerations Before Choosing a Bank
- Need for a Thai baht or foreign currency account.
- Frequent use of internet banking.
- Expected international transfers and destinations.
- Preference for local vs. international banks.
- Loan requirements and monthly fees.
Recommended Banks
- Bangkok Bank
- Kasikorn Bank
- Siam Commercial Bank (SCB)
- Krung Thai Bank
- Bank of Ayudhya (Krungsri)
- UOB Bank
- HSBC Thailand
- Standard Chartered
- Citibank
Foreigners Opening Accounts
- Yes, though services may vary. Check with the bank before applying.
Remote or Online Account Opening
- Generally not possible; in-person verification is required for all documents.
Required Documents
- Company registration certificate
- Board resolution authorizing the account
- Tax ID card
- ID/passport of directors and shareholders with significant stakes
- Memorandum & Articles of Association
- Boilerplate forms (BOJ 3 or BOJ 4)
- Minimum deposit: THB 500 – 1,000
- Additional may include work permits and tax filings (all documents must be certified and dated within one month).
Account Opening Process
1. Prepare required documents and certified copies.
2. Complete the bank’s application form.
3. Schedule an appointment with the branch manager.
4. Attend the meeting; authorized director(s) must sign.
5. Deposit initial funds.

Timeline: Expect account opening within 5–7 business days post-approval.

Tips
- Thai banks may still use paper passbooks.
- Verify information with multiple staff members.
- Banks like Bangkok Bank, HSBC, or UOB offer better multi-currency and international transfer services.
- Keep copies of all documents to prevent delays.
Conclusion
Opening a corporate bank account is straightforward but requires proper documentation and in-person visits. For convenience, consider hiring a local service for bank coordination.

Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

Stay up-to-date

Helpful Links

Corporate Bank Account

Opening a Corporate Bank Account in Thailand

Translation Services

Certified English–Thai Translation & Legalization in Thailand

Social Security Setup

Social Security in Thailand: for Employers & Employees

Payroll

Payroll for Foreign Employees in Thailand

Permit Termination

Ending Employment for Foreign Workers in Thailand

Overstay Reactifications

Thailand Visa Overstay: How to Fix It, Pay the Fine, and Avoid a Ban

Elite Visa

Thailand Elite Visa (Thailand Privilege Visa)

Education Visa (Non-ED)

Thailand Education Visa (Non-Immigrant “ED”)

Retirement Visa (Non-OA)

Thailand Retirement Visa (Non-Immigrant O-A)

Dependent Visa (Non-O)

Thai Family Visa (Non-Immigrant O Dependent Visa)

Business Visa (Non-B)

Thailand Non-Immigrant “B” Visa (Business & Work)

Opening a Corporate Bank

Opening a Corporate Bank Account in Thailand

Memorandum of Association

Memorandum of Association (MOA) in Thailand

BOI Company Registration

How to Register a BOI Company in Thailand

Partnership Formation

Limited Partnership in Thailand: Quick Guide to Get Started

Articles of Association

Defines a Thai company’s internal rules regarding structure, management, meetings, and profit distribution.

Company Formation

Starting a company in Thailand involves several key steps. Here’s a step-by-step process for company formation.

Business License

A business license in Thailand allows individuals or businesses to engage in commercial activities. It regulates and monitors business activities to ensure they meet legal and industry requirements.

Shareholder Agreement

Creating a shareholder agreement in Thailand protects everyone’s interests and keeps your company running smoothly.

SIAC Consulting offers a Company Name Reservation Service that helps secure a unique name compliant with Thailand’s Department of Business Development (DBD) regulations. We assist with verifying name uniqueness and meeting the legal requirements for business registration.

How to Legally Work in Thailand: Visa + Work Permit Guide

Planning to work in Thailand? Whether you’re considering teaching, freelancing, starting a business, or joining a local company, there are a few essential legal requirements you must secure before beginning any professional activity in the country. Learn about them here.

How to Register a Company in Thailand

Setting up a company in Thailand? In 2025, it’s actually easy — but still requires precision. A private limited company remains the top choice for foreign investors. Here’s our guide to get you up and running without the legal headaches.

Opening a Corporate Bank

Opening a Corporate Bank Account in Thailand (2025 Guide)

Opening a corporate bank account is essential after registering your company in Thailand to release capital and operate legally. Here’s a concise guide for Thai and foreign business owners.

Considerations Before Choosing a Bank
- Need for a Thai baht or foreign currency account.
- Frequent use of internet banking.
- Expected international transfers and destinations.
- Preference for local vs. international banks.
- Loan requirements and monthly fees.
Recommended Banks
- Bangkok Bank
- Kasikorn Bank
- Siam Commercial Bank (SCB)
- Krung Thai Bank
- Bank of Ayudhya (Krungsri)
- UOB Bank
- HSBC Thailand
- Standard Chartered
- Citibank
Foreigners Opening Accounts
- Yes, though services may vary. Check with the bank before applying.
Remote or Online Account Opening
- Generally not possible; in-person verification is required for all documents.
Required Documents
- Company registration certificate
- Board resolution authorizing the account
- Tax ID card
- ID/passport of directors and shareholders with significant stakes
- Memorandum & Articles of Association
- Boilerplate forms (BOJ 3 or BOJ 4)
- Minimum deposit: THB 500 – 1,000
- Additional may include work permits and tax filings (all documents must be certified and dated within one month).
Account Opening Process
1. Prepare required documents and certified copies.
2. Complete the bank’s application form.
3. Schedule an appointment with the branch manager.
4. Attend the meeting; authorized director(s) must sign.
5. Deposit initial funds.

Timeline: Expect account opening within 5–7 business days post-approval.

Tips
- Thai banks may still use paper passbooks.
- Verify information with multiple staff members.
- Banks like Bangkok Bank, HSBC, or UOB offer better multi-currency and international transfer services.
- Keep copies of all documents to prevent delays.
Conclusion
Opening a corporate bank account is straightforward but requires proper documentation and in-person visits. For convenience, consider hiring a local service for bank coordination.

About Me

Siac Consulting Experts

Specializes in Thai company formation for foreign entrepreneurs, with expertise in BOI registration, and ongoing corporate compliance.

Stay up-to-date

Helpful Links

Opening a Corporate Bank

Mental Health Matters: Traveling and Coping with Anxiety

Opening a Corporate Bank Account in Thailand (2025 Guide)

Opening a corporate bank account is essential after registering your company in Thailand to release capital and operate legally. Here’s a concise guide for Thai and foreign business owners.

Considerations Before Choosing a Bank
- Need for a Thai baht or foreign currency account.
- Frequent use of internet banking.
- Expected international transfers and destinations.
- Preference for local vs. international banks.
- Loan requirements and monthly fees.
Recommended Banks
- Bangkok Bank
- Kasikorn Bank
- Siam Commercial Bank (SCB)
- Krung Thai Bank
- Bank of Ayudhya (Krungsri)
- UOB Bank
- HSBC Thailand
- Standard Chartered
- Citibank
Foreigners Opening Accounts
- Yes, though services may vary. Check with the bank before applying.
Remote or Online Account Opening
- Generally not possible; in-person verification is required for all documents.
Required Documents
- Company registration certificate
- Board resolution authorizing the account
- Tax ID card
- ID/passport of directors and shareholders with significant stakes
- Memorandum & Articles of Association
- Boilerplate forms (BOJ 3 or BOJ 4)
- Minimum deposit: THB 500 – 1,000
- Additional may include work permits and tax filings (all documents must be certified and dated within one month).
Account Opening Process
1. Prepare required documents and certified copies.
2. Complete the bank’s application form.
3. Schedule an appointment with the branch manager.
4. Attend the meeting; authorized director(s) must sign.
5. Deposit initial funds.

Timeline: Expect account opening within 5–7 business days post-approval.

Tips
- Thai banks may still use paper passbooks.
- Verify information with multiple staff members.
- Banks like Bangkok Bank, HSBC, or UOB offer better multi-currency and international transfer services.
- Keep copies of all documents to prevent delays.
Conclusion
Opening a corporate bank account is straightforward but requires proper documentation and in-person visits. For convenience, consider hiring a local service for bank coordination.

Stay up-to-date