Thailand’s Largest Bank Restricts Account Openings for Foreign Tourists Amid Fraud Concerns
BANGKOK, May 30, 2025 – Bangkok Bank, the largest bank in Thailand by assets, has implemented a significant policy change that bans foreign tourists from opening bank accounts. This move is part of a broader crackdown on fraud, raising concerns among visitors and expatriates who may now find it more challenging to manage their finances while in Thailand.
Policy Details
In a statement reported by the Bangkok Post, the bank announced that its tightened regulations will particularly impact those foreign customers who lack long-term residency in Thailand. The revised policy not only restricts account opening but also affects access to credit card services and mobile banking for customers who do not meet the new eligibility criteria.
"Customers flagged as suspicious under regulatory guidelines are required to undergo identity verification," the statement clarified, indicating that increased scrutiny is part of the bank’s efforts to combat fraudulent activities.
Impact on Foreigners
Reports circulating on social media, as well as through the Bangkok Community Help Foundation, suggest that several foreign nationals have already encountered issues with their bank accounts. Some have reported that their accounts have been frozen or that their bank cards have been blocked as a result of the new restrictions.
According to a spokesperson from Bangkok Bank quoted by the Russian state news agency TASS, exceptions will be made for foreigners who are married to Thai nationals, own property in Thailand, or possess long-term visa status. Specifically, foreigners holding retirement or non-immigrant visas will still be eligible to open accounts.
Customer Guidance
Foreign customers facing issues with their accounts or who require more clarification on the new policies are encouraged to reach out to Bangkok Bank through its official customer support channels. The bank aims to assist those affected by the changes and to ensure compliance with the updated regulations.
As Thailand continues to be a popular destination for international travelers, this policy shift has raised questions about how foreign tourists will manage their financial needs during their stays. The implications for business travelers and expatriates living in Thailand also remain to be seen as the country adapts its banking practices to address concerns over fraudulent activity.
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