How to open a bank account in Krung Thai Bank

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

April, 2025

Last contact

April, 2025

Last update

April, 2025

Krung Thai Bank is the second largest commercial bank in Thailand;
the bank was established for government needs in 1966 through the merger of two state-owned financial institutions; it is headquartered in Bangkok, with the Thai Ministry of Finance as its largest shareholder (55%);
the bank’s network includes 1 024 branches and 4 foreign offices (PRC, USA, India, and Cambodia);
it opens savings (deposit) and settlement accounts;
accounts are opened in local currency (THB); foreign currency accounts are only available to foreigners with a work visa or retirement visa;
there are transfer and payment limits – up to THB 2 000 000 / day (~ USD 60 000);
there is a minimum deposit requirement of at least THB 500 (~ USD 15);
both domestic transfers and international SWIFT transfers (with conversion of foreign currency into THB) are possible;
apersonal visit to a bank’s branch is required to open an account;
the bank issues bank cards;
Internet banking in English;
account opening time – 2 days

GSL rating

Beginning of cooperation

April, 2025

Last contact

April, 2025

Last update

April, 2025

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

Not rated

Global rating

Not rated

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1966

History

Started in 1966

Personnel

Staff communicates in English

Bank’s shareholders

THE FINANCIAL INSTITUTIONS DEVELOPMENT FUND - 55,05%; THAI NVDR CO.,LTD - 9,10%; VAYUPAKSA MUTUAL FUND 1 MANAGED BY MFC - 1,88%; VAYUPAKSA MUTUAL FUND 1 MANAGED BY KTAM - 1,88%; SOUTH EAST ASIA UK (TYPE C) NOMINEES LIMITED - 1,72%; STATE STREET EUROPE LIMITED - 1,57%; CITIBANK NOMINEES SINGAPORE PTE LTD-ART A/C UNITED OVERSEAS BANK NOMINEES (PRIVATE) LIMITED - 1,28; VAYUPAK FUND 1 - 1,22%; GOVERNMENT SAVINGS BANK - 0,85%; EGAT SAVING AND CREDIT COOPERATIVE LIMITED - 0,85%; and others - 24,60%

Confidentiality

Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed

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Minimum requirements

14

Minimum balance, €

No restrictions

Transactions permitted per month

14

Initial deposit of funds, €

0

Deadline for the initial deposit, month

Minimum balance, €

Minimum deposit requirements - THB 500 (~ USD 15)

Transactions permitted per month

Transfer and payment limits up to THB 2 000 000 / day (~ USD 60 000)

Initial deposit of funds, €

The down payment is equal to the minimum balance

Deadline for the initial deposit, month

To be entered when the account is opened

Minimum turnover, €/year

No turnover restrictions

How fast payments are executed

Same day or next day

Tariffs and services

N/A

Outcoming transfer, €

N/A

Incoming transfer, €

0

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Account maintenance, €/year

Account Maintenance Fee If the personal account balance is less than THB 2 000 and inactive for 12 consecutive months, the maintenance fee is THB 50 per month

Distant access to the account

Internet banking in English

Financial products

In addition to its commercial banking activities, Krungthai Bank serves as a conduit for providing financial services in support of government initiatives. For this purpose, it provides loans to certain types of businesses. In addition, the bank is used by most government agencies for disbursements

Account opening procedure

Days to open for incoming transfers

Case by case

Days to open for outcoming transfers

Case by case

References

Not necessary

Purpose of the account

Savings & current

Visit to the bank

A personal visit to a bank’s branch is required to open an account

Required

For an individual:
- Passport;
- Driving licence issued in Thailand or the individual’s home country;
- Full set of documents for renting a property: copy of the owner’s ID card or passport; copy of the title deed (‘chanote’); copy of the house book; - rental agreement; temporary registration at the place of residence (Form ТМ30);
- Thai SIM card and tax invoice (receipt for payment of communication services)

Types of accounts

Savings; Current

Chances to open an account

Predictable

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