Tourists and other foreigners without long-term visas stand to be affected by tougher rules
As of January 2025, Bangkok Bank has ceased opening new deposit accounts for foreign tourists, including holders of the Destination Thailand Visa (DTV), which allows stays up to 180 days. The bank now requires foreign applicants to meet at least one of the following criteria
- Possession of a long-term visa (e.g., retirement, work, education, or family-related non-immigrant visas)
- Being married to a Thai national
- Ownership of property in Thailand
🛑 Account Freezes and Verification
Reports have emerged of existing accounts being frozen or access restricted for foreigners who do not meet the new eligibility criteria. Some customers, notably Russian nationals, have experienced blocked cards and limited account access. In certain cases, the bank has requested in-person visits for identity verification, including bio-metric scans.
📱 SIM Card Registration Requirement
In April 2025, Thailand introduced regulations mandating that all personal bank accounts be linked to a valid SIM card registered in the account holder’s name. This move is part of broader efforts to combat online fraud and ensure compliance with financial regulations.
📌 Recommendations for Affected Individuals
If you are a foreign national in Thailand and hold an account with Bangkok Bank:
- Verify Your Status: Ensure you meet the new eligibility criteria.
- Contact the Bank: Reach out to your local branch or customer service for guidance on maintaining or closing your account.
- Prepare Documentation: Be ready to provide proof of visa status, property ownership, or marital status if required.
For those unable to meet the new requirements, consider exploring banking options with other financial institutions in Thailand that may offer services to short-term visitors.
These policy changes reflect Thailand’s commitment to strengthening its financial system against fraud and ensuring compliance with international standards.
