Main Thai commercial banks have branches throughout the country. Foreign banks also offer commercial banking services.
Opening bank accountsIn opening an account with a Thai bank, a foreigner has to show his/her passport, coupled with work permit and a duplication of the house registration document belonging to the place he/she lives at.
To open an account in the name of a legal person, the owner of the organization has to show his/her passport, the business registration and the minutes.
ATMsMost banks in Thailand have a nationwide network of ATM machines that dispense Thai baht only. The teller machines usually have Thai and English language displays.
Cards of other banks are accepted, but at a fee of 20 baht (USD0.50) per transaction. Foreign cards that are recognized by global banking systems may also be used with Thai ATMs while VISA and MasterCard are compatible with many.
Currency exchangeCash and travelers’ checks can be exchanged for Thai Baht at banks, legal money exchangers, exchange kiosks in tourist area and shopping centers, and hotels. US dollars and pound sterling are the most widely accepted currencies. Travelers’ checks get better rates than cash. Remember to bring along your passport when cashing travelers’ checks.
Wire transfersWire transfers can be made to Thai banks if you have a bank account in Thailand or if your home bank has a branch in Thailand. Wire transfers take up to a week to arrive.
In making a wire transfer to a Thai bank account, the amount of money that can be processed is limited to the maximum of one million baht (USD29,400). The money receiver is charged 200-500 baht (USD6-15).
Western Union is also available in Thailand. It makes the fastest way get money transferred but is also quite expensive.
Accessing your money is never a problem. All the major Thai banks are represented here and there are plenty of exchange booths and ATM machine everywhere.
Your biggest concern will not be to get access to your money, but to keep them safe. Thailand has a bad reputation for credit and debit card fraud and you should always be aware of this. Never let your card out of your sight. Theft in Hua Hin is more likely to be as a result of trickery and deception, rather than violence, but it's always a good idea to keep the amount of cash you carry down to a minimum.
It's also a wise move to inform your bank back home that you are visiting Thailand and Hua Hin. They are increasingly taking note of where ATMs are being used and may well block your card if they see it being used here. A telephone call back to them will normally solved the problem.
Hua Hin Branch, 69/6 Petchkasem Road, Hua Hin,
Swift Code: THBKTHBK
Hua Hin Branch, 34/2 Petchkasem Road, Hua Hin,
Swift Code: KASITHBK
Krung Thai Bank
Hua Hin Branch, 83/2 Petchkasem Road, Hua Hin,
Tel: 032-511812, 032-511307
Swift Code: KRTHTHBK
Siam Commercial Bank
Hua Hin Branch, 7/33 Petchkasem Road, Hua Hin,
Swift Code: SICOTHBK
Thai Military Bank
Hua Hin Branch, 226/2 Petchkasem Road, Hua Hin,
Swift Code: TMBKTHBK