SCB also has locations in other neighboring countries in Southeast Asia such as Cambodia, Laos, and Myanmar.
government savings bank
The Government Savings Bank (GSB) is a state-run financial institution established in Thailand in 1913 by King Vachiravud (Rama VI).
The scheme, originally called the Savings Bureau of the Royal Treasury, is a royal-led program aimed at educating Thais about the benefits of banking and long-term savings.
It was later approved as a national bank and remains one of the largest financial institutions in the country.
Interestingly, GSB has a unique way of handpicking its customers through its famous GSB Savings Certificate, locally known as 'Salak Om Sin' (GSB Lottery). Customers who open a savings account with the bank can purchase certificates to hold for at least one year.
Throughout the year, lucky numbers will be drawn to win various prizes with a top prize of 3 million baht. At the end of the year, you can redeem your certificate for the full amount.
GSB has more than 1,000 branches across Thailand, serving more than 10 million customers. We also offer online banking services for those who want to manage their finances from home or on the go.
Bank of Ayutthaya
Bank of Ayutthaya (BAY) or Krungsri Bank was also established in 1945 and is one of Thailand's largest financial institutions.
Since 2013, Japan's Mitsubishi UFJ Bank, a subsidiary of Mitsubishi UFJ Financial Group (MUFG), has become Bank of Ayutthaya's major shareholder. With this acquisition, Kurungsiri joins Bank of Mitsubishi UFJ's network of global presence.
With over 600 branches and over 6,000 ATMs across the country, it has a pretty extensive footprint.
The bank offers a wide range of services to its customers, including retail and corporate banking, wealth management, and investment banking.
Krungsri Bank, like other banks in the list, offers online banking services and mobile banking services to its customers.
thai military bank
Formerly known as Thai Military Bank (TMB), following the recent completion of its merger with Thanachat Bank, TMB has rebranded and is now called TMB Thanachat Bank (TTB) .
Originally established to serve the financial needs of members of the Royal Thai Armed Forces, it has now grown to become one of Thailand's leading commercial banks serving both military and civilian personnel.
TMB offers a wide range of services including retail banking, corporate banking, investment banking and wealth management.
We currently have over 600 branches in Thailand and are expanding our global network with new branches in other countries.
land and housing bank
Land & Houses Bank, stylized as LH Bank (LHB), is relatively new compared to the other banks on our list. It was established as a retail bank in 2004 by one of Thailand's most famous real estate developers, Land & Houses PCL.
Initially focused on providing specialized financial services to real estate development company clients, LH Bank expanded its operations and customer base after being approved as a commercial bank in 2011.
Currently, we have 70 branches across the country, so while we're not a huge organization, we're still pretty big.
Despite being considered a small bank, LHB is recognized as a reliable bank and offers slightly higher interest rates on savings accounts. They are generally known for providing quick service to customers who visit their branches.
Foreign banks in Thailand
Non-local banks are becoming an increasingly popular choice in Thailand, as they offer features that are not available at Thai banks, or are simply difficult to use.
It is worth noting that it is often easier to send an international wire from a foreign bank. Especially if you're sending money to the same bank in different countries.
For example, if you transfer money between UOB (Thailand) and UOB (Singapore), you can benefit from reduced fees and faster transfer times.
The two main foreign banks operating in Thailand are UOB Bank and CIMB Bank, which together round out this top 10 list.
Untied/Overseas Bank
United Overseas Bank (UOB), the third largest bank in Southeast Asia, is a Singaporean multinational corporation.
UOB has by far the largest global network of operations compared to all other banks on this list. ATMs can be found all over the Asian continent, from Hong Kong to Indonesia.
If you regularly conduct business across multiple countries in Asia, you may want to consider an account with UOB.
In 2023, UOB acquired Citibank's Thai arm, becoming the country's largest foreign bank. We also consider it to be the best by most standards.
CIMB Bank
CIMB is the second largest foreign bank. After Maybank's withdrawal, the company is also the only Malaysian bank operating in Thailand.
CIMB promotes itself as the “ASEAN Bank'' in that it has operations in all major countries in Southeast Asia. However, opening an account anywhere can prove difficult if you only have a tourist visa.
It is worth noting that CIMB recently removed all ATMs in Thailand and is now marketing itself as a fully digital bank. Therefore, it is no longer possible to withdraw money from outside Thailand using his CIMB card at an ATM without any fees.
SCB also has locations in other neighboring countries in Southeast Asia such as Cambodia, Laos, and Myanmar.
government savings bank
The Government Savings Bank (GSB) is a state-run financial institution established in Thailand in 1913 by King Vachiravud (Rama VI).
The scheme, originally called the Savings Bureau of the Royal Treasury, is a royal-led program aimed at educating Thais about the benefits of banking and long-term savings.
It was later approved as a national bank and remains one of the largest financial institutions in the country.
Interestingly, GSB has a unique way of handpicking its customers through its famous GSB Savings Certificate, locally known as 'Salak Om Sin' (GSB Lottery). Customers who open a savings account with the bank can purchase certificates to hold for at least one year.
Throughout the year, lucky numbers will be drawn to win various prizes with a top prize of 3 million baht. At the end of the year, you can redeem your certificate for the full amount.
GSB has more than 1,000 branches across Thailand, serving more than 10 million customers. We also offer online banking services for those who want to manage their finances from home or on the go.
Bank of Ayutthaya
Bank of Ayutthaya (BAY) or Krungsri Bank was also established in 1945 and is one of Thailand's largest financial institutions.
Since 2013, Japan's Mitsubishi UFJ Bank, a subsidiary of Mitsubishi UFJ Financial Group (MUFG), has become Bank of Ayutthaya's major shareholder. With this acquisition, Kurungsiri joins Bank of Mitsubishi UFJ's network of global presence.
With over 600 branches and over 6,000 ATMs across the country, it has a pretty extensive footprint.
The bank offers a wide range of services to its customers, including retail and corporate banking, wealth management, and investment banking.
Krungsri Bank, like other banks in the list, offers online banking services and mobile banking services to its customers.
thai military bank
Formerly known as Thai Military Bank (TMB), following the recent completion of its merger with Thanachat Bank, TMB has rebranded and is now called TMB Thanachat Bank (TTB) .
Originally established to serve the financial needs of members of the Royal Thai Armed Forces, it has now grown to become one of Thailand's leading commercial banks serving both military and civilian personnel.
TMB offers a wide range of services including retail banking, corporate banking, investment banking and wealth management.
We currently have over 600 branches in Thailand and are expanding our global network with new branches in other countries.
land and housing bank
Land & Houses Bank, stylized as LH Bank (LHB), is relatively new compared to the other banks on our list. It was established as a retail bank in 2004 by one of Thailand's most famous real estate developers, Land & Houses PCL.
Initially focused on providing specialized financial services to real estate development company clients, LH Bank expanded its operations and customer base after being approved as a commercial bank in 2011.
Currently, we have 70 branches across the country, so while we're not a huge organization, we're still pretty big.
Despite being considered a small bank, LHB is recognized as a reliable bank and offers slightly higher interest rates on savings accounts. They are generally known for providing quick service to customers who visit their branches.
Foreign banks in Thailand
Non-local banks are becoming an increasingly popular choice in Thailand, as they offer features that are not available at Thai banks, or are simply difficult to use.
It is worth noting that it is often easier to send an international wire from a foreign bank. Especially if you're sending money to the same bank in different countries.
For example, if you transfer money between UOB (Thailand) and UOB (Singapore), you can benefit from reduced fees and faster transfer times.
The two main foreign banks operating in Thailand are UOB Bank and CIMB Bank, which together round out this top 10 list.
Untied/Overseas Bank
United Overseas Bank (UOB), the third largest bank in Southeast Asia, is a Singaporean multinational corporation.
UOB has by far the largest global network of operations compared to all other banks on this list. ATMs can be found all over the Asian continent, from Hong Kong to Indonesia.
If you regularly conduct business across multiple countries in Asia, you may want to consider an account with UOB.
In 2023, UOB acquired Citibank's Thai arm, becoming the country's largest foreign bank. We also consider it to be the best by most standards.
CIMB Bank
CIMB is the second largest foreign bank. After Maybank's withdrawal, the company is also the only Malaysian bank operating in Thailand.
CIMB promotes itself as the “ASEAN Bank'' in that it has operations in all major countries in Southeast Asia. However, opening an account anywhere can prove difficult if you only have a tourist visa.
It is worth noting that CIMB recently removed all ATMs in Thailand and is now marketing itself as a fully digital bank. Therefore, it is no longer possible to withdraw money from outside Thailand using his CIMB card at an ATM without any fees.