Open a THB Account - Thai Baht

Opening an account is very simple.

1. Send us your request to open a THB account via the form on the left or through the account opening form. We will contact you to schedule a phone call to better understand your needs regarding THB flows.
2. After this discussion, we will assist you with the administrative formalities to open access to the services of one of our partners, selected according to your needs. We remain your sole point of contact for the entire client relationship.
3. Once access to the services is validated, you can request the opening of your Thai Baht account and any other eligible currency. Your THB account banking details are usually provided within minutes, and you can start receiving and making payments in THB (Thai Baht).
4. If your business evolves and you have needs in other currencies, you can request the addition of an account in another currency at any time.

The Thai Baht (THB) account for which we provide you with the details is not a bank account per se because the account-holding institution is not a bank but a partner payment institution. These accounts are registered in your name, and the IBAN linked to the account is unique. You thus have a guarantee of segregation of your funds in the books of our partners. The security guarantees for your funds are similar to those offered by traditional banks. The account can be located in different countries according to your operational needs. Please refer to the page on opening a Thai Baht (THB) account for more information.

It may be useful for your THB (Thai Baht) account to be located in France or, conversely, in another country, depending on your operational needs and the location of your clients. This is why we allow great flexibility in the location of currency accounts. The THB (Thai Baht) account can be located in the following countries of your choice:

• France
• United Kingdom
• Belgium
• Netherlands

You can view the updated table of possible locations for THB (Thai Baht) accounts here: account locations

You can use this Thai Baht account to receive or store THB for as long as you wish, as long as your account is active. You are automatically notified by email each time a Thai Baht transfer is received in your THB account. You can then freely reuse these THB to make payments in THB to your suppliers or convert your Thai Baht at very competitive exchange rates. There is no obligation to move funds on the accounts. 

Foreign currency payment collection systems like Adyen, Stripe, Paypal, Hipay, or internal systems of marketplaces like Amazon Pay are widely used by companies conducting international transactions. These systems are efficient, but if you do not have an account in the collected foreign currency, your income in that currency is automatically converted into euros at often very unfavorable exchange rates, and even when you have a bank account in the collected currency, this account often needs to be located in the country where the sale takes place, which can be complicated with a traditional bank. Some of our partners offer currency accounts compatible with most marketplaces and collection systems.

You can find all eligible currencies for opening a currency account by visiting this page.

It is not possible to deposit checks or cash into your THB (Thai Baht) account. Only bank transfers are accepted for transactions on the account. No bank card can be linked to the account at this time.

Account statements listing all operations in Thai Baht are downloadable at any time from the online interface. These statements include maximum information about beneficiaries, the origin of funds, related exchange operations, to facilitate the work of your accounting department.

All account statements can be automatically integrated into your treasury software or ERP via MT940 files. You thus find all movements in THB (Thai Baht) in your software, and you do not even need to connect to our online interface to obtain the up-to-date balance of your THB (Thai Baht) account. Our technical teams can also automate the processing of currency payment files provided by your TMS / ERP.