Transcript of the above video:

As the title of this video suggests, we are discussing corporate checking accounts here in Thailand. The main prerequisite obviously, you are going to need a Company in Thailand to have a Corporate Account of any kind.

So, depending on your situation that might be a 51/49 Thai primarily owned company so long as it is in compliance with the Foreign Business Act. You may also, for Americans out there, it may be possible to have an Amity Treaty certified Company whereby you can own your Company 100% under the US-Thai Treaty of Amity provisions. Meanwhile, other foreign nationals it may be possible to gain BOI Certification, BOI concession under Thailand's Board of Investment and that type of company would, even if foreign owned and not American, might be able to have a majority or total foreign ownership again depends on the BOI and the concessions they grant. 

Leaving all that aside the incorporation stuff, now you are getting over to banking. We have done another video contemporaneously with this one where we talked about corporate savings accounts. I urge those who watching this video check that out but there are also corporate checking accounts. This is where people get a little bit, I don't know, it causes a little bit of consternation for westerners especially who are used to very consolidated, really rather simplified banking. In Thailand there is still kind of this compartmentalization in banking that we just don't have in the west anymore. This is especially the case for Corporate Banking. For example you are not going to see debit cards issued directly on a corporate bank account either savings or checking, and then meanwhile you have to have a separate checking account from the savings account. Now you can auto link these things depending on the bank and then you may be able to get online banking on top of that but yeah checks are used. I find it really funny when people come to our office and things and they will see me signing checks, they are like "who still signs checks?" Well it is a pretty frequent thing; it is very frequent actually for those who are doing business in Thailand. So a corporate checking account can be an important tool for those looking to set up, especially a small business, here in the Kingdom of Thailand.