Thai banks have the normal types of bank accounts – personal, business, savings, etc. The interest rate on savings accounts is generally very low – about 0.5%; therefore, it is advantageous to keep the bulk of your capital in other vehicles which pay more interest.
Marriage visa – if you plan to marry while living in Thailand, you must have a bank account with a minimum balance of 400,000 baht at the time you apply for the visa.
Retirement visa – if you are retired when you move to Thailand or retire after you establish residency in Thailand, you must have an account balance of at least 800,000 baht at the time you apply for the visa.
Foreign Exchange in Thailand
The foreign exchange rate (how much the monetary unit of your country compares to the baht) will be a major issue for you if you live in Thailand for any length of time. This rate fluctuates, sometimes on a daily basis, and is very sensitive to the political atmosphere in both countries.
Created in 2011, Thai-Consulate.com provides immigration information (such as locations and contact information of Thai consulates and embassies), immigration news, travel guide, and updates for travelers wishing to visit Thailand. Your guide to detailed information and requirements about Thai Visa application, whether you are seeking information on travel restrictions, researching travel opportunities, or looking for advice and assistance on how to enter Thailand. Thai-consulate.com is NOT the official website of the Thailand Consulate.