I remember opening my first bank account in Thailand. A kind, middle-aged bank teller handled the application. My secretary was along to help translate. Halfway through the process, the teller turned to my secretary and asked, “Does he have a girlfriend?” Maybe I was lucky that I didn’t, because that account setup seemed to go a lot smoother than anticipated; however, not all my dealings with Thai banks went that well. From being unable to cash foreign currency checks to getting rejected repeatedly by credit card companies, for me, financial matters in Thailand had quite the learning curve. Now, some ten years since the initial bank teller encounter, I’ve decided to write down my own experience to help you skip that same learning curve. The result is this reference guide for Thailand-based expats to help you in exchanging, sending, receiving, saving and investing money. Please note that I’m no financial advisor or tax professional, so please treat this information accordingly and consult a professional if you seek advice specific to your individual situation.
- 1 Currency Exchange: How to Get the Best Rate for Thai Baht
- 2 Transfers: Sending Money to (and from) Thailand
- 3 Banks: Opening a Thai Bank Account
- 4 Credit Cards: Loyalty Points and Applying as an Expat
- 5 Checks: How to Cash Domestic and International Checks
- 6 Stocks: How to Open a Brokerage Account
- 7 Taxes: Incentives for Savings and Investments
- 8 Disclaimer
- 9 Questions?