Archive for the ‘Thai Bank’ Category

I Open A Bank Account In Pakchong (Pak Chong) Thailand

 Post Added Wednesday 7th August 2013

I Couldn’t Believe How Easy It Was To Open A Bank Account In Thailand

For my retirement in Thailand it was essential that I obtain a Thai Bank account. I had already bought the land and built a retirement house in Pakchong (Pak Chong), Thailand, and had moved there to retire just over a week ago

After years of worrying, waiting, researching and preparation I finally took the plunge and went into the Kasikorn Bank in Pakchong (Pak Chong) and asked to open a Bank Account.

Photo of Kasikorn Bank Pakchong Branch

Kasikorn Bank Pakchong Branch

Above, I’m just about to enter this bank, the Pakchong (Pak Chong) branck of Thailand’s Kasikorn Bank to open a bank account. I’m a bit apprehensive.

Why We Chose the Kasikorn Bank

Kanyah had always had a bank account with the Thai Farmers bank, but somehow in the distant past it was closed.

When living in the UK and Kanyah was preparing to go to Thailand (this is quite a few years ago) we wanted to open a bank account for her in Thailand that would be easy for me to send money to from my U.K. Lloyds bank account.

Lloyds recommended the Kasikorn bank as it was their reciprocal bank in Thailand. So she opened an account with Kasikorn bank.

As it turns out the Kasikorn bank used to be called the Thai Farmers bank. It appears that “Thai farmer” is pronounced Kasikorn the Thai language. So it seems they just changed the name to be more recognisable with the Thais.

Image of the Translation of the Kasikorn Bank Branch Logo

Translation of the Kasikorn Bank Branch Logo

Anyway here are the reasons then why I chose the Kasikorn bank:-

  • Kanyah had a bank account there. I thought that would make it easier for me to open an account.
  • Reciprocal bank to my Lloyds bank in U.K. – easier to send money.
  • I already had set up bank transfers from my Lloyds U.K. bank account to Kanyah’s Kasikorn bank. (Including a Standing Order transferring my pension) It would be easy to change these over to my account.

Tips On How To Get A Thai Bank Account

I had heard so many stories on various Thai forums about foreigners (farangs) being refused a bank account or being required to have various documents like a letter from the foreigner’s Embassy in Bangkok, the Thai wife’s house book and more.

I had read various tips on what you need to do to improve the probability of being granted permission to open a bank account in Thailand.

One tip I did take up was to dress smartly. Yes, I was wearing a neatly ironed white shirt crisply pressed black trousers and polished black shoes. Kanyah also dressed up for the part with smart trousers, proper shoes and a neat top, I was taking no chances!

Another tip I took up was to take plenty of cash with me for the deposit. the idea is to look as though you intend to do serious business with the bank. So I had 30,000 Baht in fresh 1,000 Baht notes to deposit into the account.

The last tip I had read about and which I also followed was to take a letter written by Kanyah with our house address on it English and Thai stating that I lived in the house and asking the bank to open an account for me.

It took me days to prepare that letter – including getting the address translated from Thai and getting it written on paper in neat Thai writing. I’ll show you the letter later.

Opening this bank account was a do or die thing for me. I simply MUST have one if I am to stay retired in Thailand.

Lets see how we got on at the bank.

How I Opened A Bank Account In Thailand

Close-up Photo of Kasikorn Bank Pakchong Branch

Kasikorn Bank Pakchong Branch – Close-Up

On entering the bank we were approached immediately by a bank official and asked what we wanted. Kanyah told her that I wanted to open a bank account. Kanyah had already taken a waiting ticket from the ticked machine so the bank official invited us to sit down and wait until our number came up.

A minute later our number was called and went to sit at one of the Customer Service desks. The bank lady behind the counter was quite young and I wondered to myself if she would know what to do.

As soon as Kanyah had stated our business she asked for my passport (speaking English) and turned to the non O multiple-entry visa page. I also showed her the letter from Kanyah. She glanced at it but wasn’t interested really.

She seemed satisfied with that and what followed was a loot of her clicking on the computer keyboard and organising a few forms. Seemed like everything was going ahead!

At one stage she asked about my address and I showed her Kanyah’s letter. She seemed to compare the two versions of the address I had put at the top of the letter – the English and Thai versions. it didn’t look as though she was typing my address into the computer though and I couldn’t see the screen so I can’t say that categorically.

When she asked if I wanted an ATM card I naturally said yes and had to pay 500 Baht for that.

The bank lady certainly knew exactly what to do and what forms to use. It was as though she did this all day every day.

At one stage she asked for my telephone number and not having one in Thailand we used Kanyah’s, that seemed to be quite important.

I had to put my signature on a few Forms – I have no idea what they were for being entirely in Thai – I handed the 30,000 Thai Baht over and suddenly it was all over – almost.

She handed over a few documents:-

  • Bank Book just like Kanyah’s. This you can update at the machine by pushing it in the machine.
  • An ATM card
  • A Receipt for my 30,000 Baht deposit
  • A PIN number in a sealed envelope

But we weren’t finished. She asked us to go over to an ATM in the bank where there was another Thai lady bank official. This time the conversation – or at least part of it was in English. The lady at the desk had spoken 90% in Thai – when she spoke – because she said very little.

Anyway the lady at the ATM put my ATM card in the ATM machine, opened the PIN number and entered it into the ATM.

After pressing a few buttons I was asked to enter my own PIN and presto the PIN was changed.

Next we had to enter a telephone number and to sect the telephone company. There was a bit of confusion there because Kanyah gave the wrong name for the telephone company, but eventually we got it right again using Kanyah’s phone number.

Then it was all over! I had my Thai Bank Account.

The whole process had taken just about half an hour from start to finish. A few Sawatdee’s and we were outside.

Checking My ATM Card and Bank Book

Back home I inspected the ATM Card and the Bank Book.

Security Feature

The following images are scans of the genuine articles. However the numbers have been digitally altered for security reasons.

The Thai Bank ATM Card

Image of Alan's Kasikorn Thai Bank ATM K - Debit Card Scanned

Alan’s Kasikorn Thai Bank ATM K – Debit Card

The ATM Card came in a little plastic wallet and both were 95% in the Thai language.

On the front of the card was a green sticker with a Headline and a message in a ‘Window’.

Kanyah translated these roughly as;-

Headline:- “Read Before Use”

Window:- “You can watch a movie using this card for 100 Baht, normally 140 Baht.

There was also a web address where it said you can check your account:-

www.askkbank.com/kdebitcard

I tried that but there was a hitch – see below.

It had a place to sign your name on the back so did that.

The Thai Bank Book

Scan of Alan's Kasikorn Thai Bank Account Book

Alan’s Kasikorn Thai Bank Account Book

This had my name, my account number and the balance – 30,000 Baht.

My address did not appear.

Registering A ATM Card At The Kasikorn Website

I went to the website at www.askkbank.com/kdebitcard and looked for a “Register” link.

There wasn’t one but there was a “Log in” link in English. This took me to a log-in page but it was clear that this was for people already registered.

Underneath the Log-In Form there were two links, both 100% in the Thai language. I could read the “Click Here” on both links and tried the first one.

Screenshot of Thai Kasikorn Bank K-Card Website - Registration Form

Thai Kasikorn Bank K-Card Website – Registration Form

Sure enough this took me to a registration page and I started to fill in the Form.

One mandatory field was a telephone number. It seems that a telephone number is a vital piece of ID in Thailand. Guess I’ll have to get one.

One field asked if I was Thai or Foreign. As soon as I clicked foreign another Field can up “Passport Code” and a message saying “Please fax certified copy of passport to number 0 2562 8714″.

Screenshot of Thai Kasikorn Bank K-Card Website - Registration Form - Passport Field

Thai Kasikorn Bank K-Card Website – Registration Form – Passport Field

At this point the process obviously stopped because I didn’t have a certified copy of my passport and what’s more I don’t know how to get one in Pakchong (Pak Chong). Maybe I’ll go back to the Kasikorn bank and ask them…

… so watch this story.

Other Facts About The Thai Kasikorn Bank ATM Card

Kanyah said the there are other benefits you are entitled to as a holder of a Kasikorn ATM Card (which the bank seems to call a K – Debit Card, or just a K-Card).

For example, she said you automatically are insured for hospital treatment up to (200,000? Baht) in case of accident.

Also you can use it in shops to buy things. (Well it is a debit card!)

This is the K – Debit Card features page but it’s all in Thai:-

https://mycard.kbankcard.com/TH/KDebitCard/Pages/KDebitCardFeature.aspx

I’ll get it translated so again, watch this space.

 

 

 

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