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What is the easiest method to initially deposit funds when opening a bank account in Thailand?

Feb 12, 2025
10 days ago
Joseph ********
ORIGINAL POSTER
Question: When opening a bank account in Thailand, what is easiest method to deposit funds initially....Is it a US bank to Thai bank transfer ? or bring cash ? or... ..? What is the simplest and fastest method that people have used ? Thanks !
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TLDR : Answer Summary
To initially deposit funds when opening a bank account in Thailand, many expats suggest bringing cash (500 to 1000 Baht) for the opening deposit and then utilizing online services like Wise for larger transfers due to their competitive rates and convenience. Some users have pointed out the importance of ensuring the transfer is coded correctly when using Wise to indicate it came from abroad. Various users also noted the limits for transfers via Wise depend on the Thai bank, with maximums ranging from 50,000 Baht to 2 million Baht. Direct bank transfers from US banks are also mentioned as viable options, although rates may vary.
Greg ***********
@Brandon ***********
Like I wrote before: all agents have discontinued to open bank accounts on tourist visa and visa-exempt, and also have discontinued to make it possible for people to apply for Non-Imm O Retirement visa change if they are on touristic entries . . . . . New regulations in effect since February 1st . . this was posted by Tik Tok today, Maneerat. F.S Consulting and Mot's have confirmed . . .
Nigel **************
By far your biggest problem will be opening a bank account in the first place.
Carlos *********
Cash is always the easiest and withdrawable instantly! And other methods will have a wait period.
Andrea ******************
Cash Is the best , but Is Better change in BKK or CNX (Not in a bank) 😉
Hubert *********
Wise takes only 1 minute to transfer your money 😊
Phil ********
Transfer via Wise
Marty *********
If you bring cash be sure to bring new unblemished bank notes. You should be able to order them ahead of time at your bank.

I use direct bank transfers from my US bank to my Thai bank account. My US bank doesn’t charge for international transfers but I’m sure I’m probably not getting the best exchange rate.

A couple of years after I got here I tried to set up a Wise account. It was a disaster and I don’t use Wise. I know others love Wise. What I am suggesting is that you make sure you have a back up plan by using a US bank that allows you to do international wire transfers.

You should also have two US bank accounts each with a credit card. If one credit card get hacked or frozen then you have a source of funds from the other credit card. I have a US Credit Union account that doesn’t do international wire transfers but I have access to that money through the credit card.
Tony **********
Usually bank wire is cheaper for larger amounts. Bank fees for sending wire transactions vary. Check with your bank and do the arithmetic to see if wire or Wise is cheaper for the amount you are transferring. For me, break even is about ฿150k but your mileage will vary.
Paul ***********
Cash to open... Then transfer anyway you like
Steve ***************
I brought cash for my initial bank deposit the day that I opened my Bangkok Bank account, but since then I use Wise as the rates are very competitive. Now I can draw money from ATM free of charge. No more 220 baht a time fee
Giuseppe **********
I think depends on status in thailand. If for family reason, can transfer large amount, and of course they will ask reason.
Stuart ***********
Wise has a comparison tool that tells you which is the best option at the time you are transferring. It is not always Wise (but often is).
Tony *********
Speaking of Wise . What's the maximum amount you can transfer in 1 go. ??

Sorry for invading your post Joseph
Peter **********
@Tony ********
Maximum transfer to Thai banks is 2mln baht for Bangkok Bank and Kasikorn. SCB takes max 1.5 mln.

The other max 50,000 baht per transaction.
Gregor **********
@Tony ********
2 million THB to Bangkok Bank, 2 million to Kasikorn, 1.5 million to Siam Commercial Bank. And only 49,999 THB to all other banks
John **********
@Tony ********
depends on which bank you want to transfer to. Anywhere from 2m baht down to 50k baht per transfer
Keith *******
@Tony ********
not sure the limit but I transferred 1.8 million in one go about 3 years ago
Andi ***********
@Tony ********
Depends on the Thai Bank you are transferring to, Wise told me. 2, 000, 000 THB for Bangkok Bank, and some others 1.5m.
Stuart ***********
@Tony ********
I think it's 2 million Baht.
Phil *******
Take 500 or 1000 baht cash to open account, then use wise to to transfer larger amounts
Gregor **********
and if you use WISE, and need the transfer to be coded as having come from abroad, you need to pick the correct reason for the transfer when asked by WISE. Because WISE normally uses their Thai account for the last step, so it will be coded by your Thai bank as having come from inside Thailand
Tony **********
@Gregor *********
not needed for the initial deposit. Only needed to be foreign source when using the income method.
Gregor **********
@Tony *********
it's a part of the standing police order of the change of visa type" that the 800,000 THB must have been transferred from abroad for the application to the initial visa. Jomtien Immigration makes an exception, however Jomtien will ask for a 2 (or a 3!) months seasoning for the application to the initial visa
Tony **********
@Gregor *********
not sure which immigration offices that applies to... I was told that they do not care where the initial ฿800k comes from. I'm not clear if there's a difference between getting non-o abroad where the ฿800k must be seasoned and doesn't matter where it comes from, or getting the non-o in country where the ฿800k is required to apply.
Gregor **********
@Tony *********
I am referring to the application to the initial 90-days Non-Imm-O visa inside Thailand only. If you apply it in your home country, there is no need to prove where the 800,000 THB came from
John **********
@Tony *********
that depends on the immigration office being used. Many require it to show as being transferred from overseas for an initial 90 day Non-O visa, for extension it doesn't matter unless using the monthly income method
Lynnette *******
I use wise to transfer money. Think that might be a good option.
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