Opening a corporate bank account in Thailand is a critical step after incorporating your company. Here's a practical NRI guide for 2025.
Top Banks for Thailand Company Accounts
Bangkok Bank
Thailand's largest bank and the most internationally connected. Bangkok Bank has branches in India (Mumbai), Singapore, Hong Kong, and major financial centres. Excellent for NRIs with cross-border transaction needs. Offers multi-currency accounts and trade finance. Timeline: 3–4 weeks.
Kasikorn Bank (KBank)
Thailand's second-largest bank, known for its digital banking infrastructure and SME-friendly approach. KBank's K-Business app is one of Thailand's best corporate banking platforms. Strong for NRIs running tech or e-commerce businesses. Timeline: 3–4 weeks.
Siam Commercial Bank (SCB)
One of Thailand's oldest and most established banks. SCB has strong relationships with Indian businesses in Thailand and offers comprehensive trade finance and FX services. Timeline: 3–5 weeks.
HSBC Thailand
For NRIs with existing HSBC relationships globally. HSBC Thailand can leverage the global relationship for faster onboarding. Best for larger businesses with significant international transaction volumes. Timeline: 3–5 weeks.
KYC Documents Required
- Certified copy of passport (all directors and shareholders)
- Proof of residential address (max 3 months old)
- Certificate of Incorporation and Memorandum & Articles
- BOI promotion certificate (if applicable)
- Source of funds declaration
- Business plan describing anticipated transactions
- UBO declaration
- Bank reference letter
Important Note for Foreign-Owned Companies
Thailand banks require a Foreign Business Certificate (FBC) or BOI promotion certificate for companies with majority foreign ownership. Ensure your company's legal status is clear before approaching banks.
Blueberry's Banking Introduction Service
Blueberry prepares your complete KYC package and makes warm introductions to our Thailand banking partners. Our Thailand package includes banking introduction →
Also read: Complete Guide to Thailand Company Formation | Thailand BOI Incentives Guide | Annual Compliance for Your Thailand Company