Thai banks, led by Bangkok Bank, have tightened regulations on foreign nationals opening and maintaining bank accounts, primarily to combat financial fraud and mule accounts used in scams.
Key Points
- Bangkok Bank has tightened requirements for foreigners opening new accounts due to cybersecurity and fraud concerns.
- New conditions include long-term visas, marriage to Thai nationals, or property ownership in Thailand.
- Russian nationals reportedly face account freezes and card blocks if criteria are unmet.
- Customers with transaction issues should contact the bank for resolution.
Depuis janvier 2025, la Bangkok Bank exige que les étrangers disposent de visas de longue durée (par exemple, visas de retraite ou visas non-immigrants pour le travail, les études ou la famille), soient mariés à un citoyen thaïlandais ou possèdent une propriété en Thaïlande pour ouvrir de nouveaux comptes de dépôt, cartes de crédit ou services de banque mobile. Les touristes, y compris ceux munis d’un visa touristique classique, ne sont plus éligibles à l’ouverture de comptes.
The crackdown also affects existing accounts. Accounts held by foreigners without long-term visas or non-compliant with new regulations (e.g., mismatched SIM card and account holder names) may face restrictions or closures. Bangkok Bank has reportedly frozen accounts and blocked cards, particularly targeting Russian nationals, though other nationalities may also be affected if they don’t meet the criteria. Customers flagged as suspicious must verify their identity, sometimes with biometric face scans or in-person visits.
This move aligns with the Bank of Thailand’s push for stricter due diligence to prevent fraud, following incidents like the arrest of four bank employees in Pattaya for aiding scam-related accounts. Other banks may adopt similar measures, and foreigners are advised to contact their banks to confirm account status. The restrictions have caused concern among expats and tourists, particularly in areas like Phuket and Pattaya, with reports of financial disruptions.
