Financial & Legal

Opening a T Baht account in Thailand but live inUK

bowtieguyuk2000 writes in Financial & Legal

A dilemma: I currently live in the UK. I want to open up a Thai Baht bank account in Thailand (I am buying a place there). I went through the list of banks here – every one; each bank I have approached have told me (rather understandably) that new money-laundering rules meant I would have to travel to Thailand to open such an account. [I did have a couple of interviews lined up with their UK representative offices in London to open an account, but at the last moment they both phoned me and said: “new rules: we can’t do it – you will have to travel to Thailand”]. Oh, and for the record: HSBC aren’t interested. They were disinterested – almost hostile – as I am not a regular HSBC UK customer. Thank you, Ray

Posted on: 01/02/2012 at 21:10

Not easy anywhere in the world these days. Easier to get married in a foreign country than open a bank account!

Posted on: 02/02/2012 at 16:27

Is it possible to open a bank account in any other country without visiting? There are so many money laundering laws I'm not sure this is possible anywhere?!

Posted on: 07/05/2012 at 18:40

As of March 31 2012, HSBC no longer operate acounts for individuals in Thailand. It is now a corporate bank only.

Posted on: 08/05/2012 at 08:08

Many thanks - at least that part-explains HSBC's almost pathalogical disinterest in helping me!

Posted on: 08/05/2012 at 18:10

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