What is the local currency?
The Thai baht.
What denominations does it come in?
There are 100 satangs in a baht.
- Notes - 20, 50, 100, 500 and 1,000 baht
- Coins - 1, 5 and 10 baht / 25 and 50 satang
What is the best way to exchange currency?
You can exchange your money at any bank. There are also exchange booths located in many areas, including shopping malls.
What are commonly-used forms of payment for everyday purchases (such as groceries)?
Most people pay by cash, but debit and credit cards are also accepted in places such as grocery stores.
Will I be able to use my credit card around town? If not, list when I’ll need cash.
In a capital city like Bangkok and other big cities that are key tourist destinations, you can use your credit card in most places without problems, but do note that most places accept only Visa and MasterCard.
By what method are bills (such as rent and utilities) paid?
It is possible to arrange automatic payment from your bank account through your property management office.
What are the requirements for opening a bank account? At what stage of the settling-in process should I open it?
You will need to have an original passport and original work permit with an initial cash deposit at a minimum of 500 Baht. The amount you will need to deposit varies, depending on local or international bank like Citibank, Standard Chartered Bank or United Overseas Bank.
Will foreign residents be able to find banking services in their native languages?
All bank documents are available in Thai and English.
Are there any restrictions on services for those who are new to your country?
There are none.
What are typical banking hours?
In general, banks are open from 8:30 a.m. to 3:30 p.m. Monday through Friday. However, there are also bank branches in places, such as department stores, that keep weekend hours.
Are automatic teller machines (ATMs) available around the clock?
Is there any other money information that might help me?
Please contact Crown Bangkok with any questions about money in Thailand.
Crown Relocations has made every effort to present accurate information. However, regulations, rates and other variables are subject to change and Crown Relocations cannot accept responsibility for the errors that might result. Should you have any questions or need additional information, please contact your local Crown representative.