How can I obtain a Merchant Account in
To be applicable for a Merchant
Account you will have to have a registered company in Thailand,
a work permit (if your are a foreigner), a clean bank record and
a copy of all company papers. In addition the bank will ask for
a deposit. Bank commission charges vary from 3.5 - 5%.
Application of the Merchant account is usually completed within
4-6 weeks. You can find useful information
at the following. Please click on: [ Merchant
Bank Info ] BANKS & CREDIT CARDS: Normally they require a foreigner
to have 100,000 baht in a separate bank account to be eligible
and you must have a non immigrant visa, work permit and company
papers. All banks require several forms of identification (i.e. passport,
letter from immigration?, birth certificate, current credit cards, etc.) and
may want company papers. Ask your bank first before you
arrive in Thailand. You may need a work permit otherwise you can only open a “Saving Account”.
LOST CREDIT CARDS:
THAI BANK ACCOUNTS:
When opening a Cheque Company Bank account the Bangkok Bank requires the following especially a cheque account: 1/. Passport, visa etc & copies; 2/. Original company papers under 1month old. You must redo at the Commercial Registration company cost 200 baht approx. 3/. Letter from Directors saying you can open the account and also who will be the signatory on the cheques & any conditions. 4/.Work permit 5/. House registration & also ID & House of Registration of Thai director. NORMAL SAVINGS ACCOUNT:Criteria differs between banks but the norm is: 1/. Passport at Kasaikorn Bank or Bangkok Bank is all one needs but other banks may want 2/. Immigration paper stating where you live & require a bank account 3/.Copies of passport, visa 4/. House registration or lease copy where you live.
Although some banks ask for a work permit many long termers do not have this so they normally waiver the requirements and as at 2006 most banks will allow you to open savings accounts with just your passport. Ask for a PLUS facility ATM card or with Bangkok Bank the BEST1st Card so you can have a debit card and then enjoy booking airfares on the net etc as well as using the card to transact PLUS facilities using your ATM in another country to access your Thai Savings account .
USE THE BELOW CURRENCY CONVERTER TO CONVERT YOUR CURRENCY INTO THAILAND BAHT
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