How to Open a Bank Account in Koh Phangan on a Tourist Visa
Are you a frequent traveler to Thailand, tired of those 220 THB withdrawal fees every time you need cash? Perhaps you're considering the convenience of having your own Thai bank account but unsure of the process on a tourist visa. After exploring all the bank branches in Koh Phangan, I discovered that Bangkok Bank stands out as the only institution willing to accommodate tourists seeking to open a checking account in Thailand. Requirements Valid tourist visa : Make sure your current tourist visa has a minimum of 30 days remaining validity. Purchase 1 year of insurance at the bank : Bangkok Bank requires tourists to buy a year of insurance as a condition for opening a bank account. The cost of this insurance typically ranges from 5,900 to 7,000 THB. While this may seem like an additional expense, it facilitates the account-opening process and provides peace of mind during your stay in Thailand. After the initial year, you have the option to cancel the insurance if it no longer