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Open a Business Bank Account for a Thai Company
Newly-registered Thai companies open a business bank account at any major Thai bank (Bangkok Bank, Kasikorn, SCB, Krungthai) by presenting DBD registration documents, authorised director, and corporate seal.
Last reviewed: 2026-06-15 · by Anglo Siam Law Editorial Team · How we research this topic
TL;DR
Thai company business account opening: company registration certificate + shareholder list + MOA + authorised director's ID + corporate seal at any major Thai bank branch. Same-day account opening; full activation 2-5 days.
Overview
Newly-registered Thai companies open a business bank account at any major Thai bank (Bangkok Bank, Kasikorn, SCB, Krungthai) by presenting DBD registration documents, authorised director, and corporate seal. This guide explains what to expect, your rights, and the steps you should take to protect yourself in this situation.
Immediate Steps to Take
Confirm company is fully registered with DBD (Certificate of Incorporation issued).
Decide on authorised signatories per the company's articles.
Visit a major Thai bank branch (corporate banking centre preferred for larger companies).
Submit DBD certificate + shareholder list + MOA + director's ID + corporate seal sample.
Make minimum opening deposit (varies by bank, commonly THB 10,000-50,000).
Configure online banking + ATM card + cheque book if needed.
Activate cross-bank transfer + payroll + e-tax invoice integrations.
Legal Considerations
Important legal points to understand about this situation:
Anti-Money Laundering Act B.E. 2542 requires enhanced KYC for company accounts including ultimate beneficial owner disclosure.
Banks may flag accounts opened immediately after company incorporation — provide a clear business purpose.
Foreign-shareholding companies undergo additional checks under BOT notifications.
Key Statutes
| Statute | Reference | Note |
|---|---|---|
| Civil and Commercial Codeประมวลกฎหมายแพ่งและพาณิชย์ | (companies — §1015 onwards) | |
| Anti-Money Laundering Actพระราชบัญญัติป้องกันและปราบปรามการฟอกเงิน | B.E. 2542 (1999) |
Common Mistakes to Avoid
- Visiting the bank before DBD certificate is issued — banks require it.
- Not bringing the corporate seal — required for signature card.
- Omitting foreign shareholders' verified ID — triggers KYC delays.
Embassy Assistance
What Your Embassy Can Do
Embassies have no role in business account opening but may certify foreign-shareholder identity documents.
Frequently Asked Questions
Which bank is best for a small business?
Bangkok Bank and Kasikorn are most accommodating to foreign-owned SMEs; SCB has strong digital tools.
Can I open as sole director?
Yes — Thai company can have one director if articles allow; bank account follows the article rule on signatures.
Expected Timeline
Initial opening 1-2 hours; full activation 2-5 working days.
Related Topics
Get Professional Help
When Legal Representation Matters
If you are experiencing open a business bank account for a thai company, immediate professional legal assistance is essential to protect your rights and navigate this situation effectively.
Anglo Siam Legal provides experienced legal services across Thailand for both Thai nationals and foreigners.
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