How to open a Krungsri Bank account for foreigners: Requirements, restrictions, and more

Krungsri Bank¹ has a good range of products and services for Thai citizens, and some for foreign residents or foreign non-residents of the country. If you want to use Krungsri Bank to open an account as a foreigner it’s important to note that not all accounts are available for foreigners, and the account products offered can depend on your personal situation and residency.

This guide looks at how to use Krungsri Bank to open an account for a foreigner - including requirements and fees, as well as the Krungsri Bank exchange rate that applies when you transact internationally. We'll also introduce Wise, a handy companion to make your money go further with low, transparent fees.

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Can foreigners open a Krungsri Bank account?

Yes. Foreigners can open a Krungsri Bank account but you’re likely to find your options are somewhat limited compared to those offered for Thai citizens.

The key account offered for foreign residents of Thailand is the Krungsri Thai Savings Account. This account offers a linked debit card and access to online and mobile services including bill payments. That allows you to manage your money in THB effectively when you’re in Thailand. There are some important fees to know about with this account, as well as a minimum balance you will need to maintain in order to avoid monthly fall below fees. We’ll look at these common costs in more detail later.

Thai citizens can usually choose from a broader range of account types including savings deposit, time deposit and currency accounts. There are also some foreign currency deposit account products which include options for Thai residents and some options for non-resident foreigners who want to save or invest with the bank.

Types of Krungsri Bank accounts for foreigners

The two specific Krungsri Bank accounts for foreigners which are marketed online are:

• Krungsri Thai Savings Account²
• Krungsri Foreign Currency Deposit (non-resident foreigners)³

If you’re a Thai resident foreigner you may find the savings account is useful as it is interest bearing but also offers a linked card so you can easily access your money for day to day use. Your account comes with a passbook, and a minimum balance may apply to open your account and avoid ongoing fees. Here’s a summary:

*Details correct at time of research - 5th January 2026

As well as this account foreigners can also open a Krungsri Foreign Currency Deposit account - but this is for non-resident foreigners only. The account is offered in 14 major currencies and has a linked debit card for some non-resident customers.

The Krungsri Foreign Currency Deposit account is marketed for both personal and business customers looking to hold a balance in a foreign currency, earn interest or invest, make payments for things like tuition fee abroad, and to mitigate risk exposure by holding funds in a foreign currency rather than converting bank to THB unnecessarily.

Krungsri Bank account requirements for foreigners

To open a Krungsri Bank account you’ll need to visit a bank branch in person - this gives you a chance to talk through the eligibility for account services, and complete the verification steps needed. You can expect to be asked for:

• Valid passport
• Valid non-immigrant visa allowing you to reside in Thailand
• Details of your reason for being in Thailand, such as a work permit

The bank may also need to ask for additional documents depending on the situation, but the service staff can talk you through what’s needed when you’re in the branch.

How to open a Krungsri Bank account for foreigners?

It is not usually possible to open a Krungsri Bank account for foreigners online. Instead you’re asked to visit a branch in person to discuss your needs and complete the application. Bank staff can help you review the account information and complete verification by checking your ID and other essential documents.

Make sure you've read through all the account terms and fees, before applying.

Krungsri Bank account restrictions for foreigners

Not all Krungsri Bank accounts are offered to foreigners. Instead, Krungsri markets its savings account specifically as a suitable product and also offers foreign currency deposit accounts for foreign non-residents.

Before you apply to any given account make sure you're eligible based on the account information and documentation needed for regulatory checking. This will help save time once you arrive at the bank to complete your application.

Krungsri Bank account exchange rates

You can find Krungsri Bank account exchange rates⁴ on the bank’s website, or when you log into your online or mobile banking service. Rates are displayed as ‘buy’ and ‘sell’ rates which can vary depending on the type of transaction you’re making. When you’re checking, make sure you’re looking at the correct column for your transaction type so there are no surprises.

It’s also worth comparing Krungsri Bank account exchange rates against the mid-market rates which you can find on Google or by using a currency conversion tool. The mid-market is generally considered to be a good benchmark for a fair rate as it’s the mid-point between the buy and sell rate for a currency pair on global markets. However, banks may add a percentage markup - which is a fee - onto the mid-market rate to calculate the rate offered to their retail customers. This can mean you’re paying more than you have to when you send or receive an international payment, without even knowing.

Before choosing Krungsri to receive or send a payment in a foreign currency, compare their rates to other providers, to see if there’s a better deal out there which could save you money in the end.

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Converting money to Thai baht and transferring it from abroad can get very expensive when using traditional banks and remittance services. On top of transaction fees, you might end up paying more due to hidden charges like conversion fees and exchange rate markups.

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Frequently asked questions

Can I open a Krungsri Bank foreigner account online?

No. You can not usually open a Krungsri Bank foreigner account online. Instead you’re asked to visit a branch in person with your ID document and proof of your right to reside, work or study in Thailand. Branch staff will talk you through the account options available to you based on your specific situation, and help you to complete your application and verification, and get your account and card arranged.

Is there a Krungsri Bank credit card for foreigners?

There is not a specific Krungsri Bank credit card for foreigners - there are card options available⁵ but they all come with their own eligibility requirements and fees. Check with the bank directly to see if you’re eligible for a Krungsri credit card before you apply.

Can foreigners take Krungsri Bank loans?

Online, Krungsri Bank markets auto loans⁶ only. There are no advertised general purpose loans. To apply for a Krungsri Bank auto loan you will usually need to provide a Thai ID card which is only available to Thai nationals - check the details before you apply to see if there’s a suitable product for your situation.

Can foreigners receive international transfers with a Krungsri Bank account?

If you have an eligible Krungsri account you can receive inward remittances by giving the sender your account information including the bank’s SWIFT code. Bear in mind that there’s a fee of 0.25% of transferred amounts, with a minimum of 200 THB and a maximum of 500 THB for each payment⁷.