Financial and Banking Information in Phuket

Currency

1 Baht (Bt) = 100 satang. Notes are in denominations of Bt1000 (grey), 500 (purple), 100 (red), 50 (blue) and 20 (green), 10 (brown). Coins are in denominations of Bt10, 5 and 1, and 50 and 25 satangs.

Exchanging Money

You can convert major currencies to Baht at all banks and exchange booths. The rates are fairly similar island-wide at both types of locations - please click on the link below for up to date exchange rates

Currency Converter by OANDA.com, The Currency Site.

Wiring money from abroad

It is very easy to have money wired directly from a bank in your home country to a bank in Koh Samui. It will normally takes two - five working days to arrive, and costs around US $40 per transaction. A passport or other acceptable form of ID is required.

What is a Tor Tor Sam (3)?

A Tor Tor Sam (3) is an official bank document issued by the receiving bank upon the receipt of foreign currency into your bank account in Thailand . You are advised to request a Tor Tor Sam from your bank when you are remitting funds to Thailand for the purposes of purchasing property, and the Tor Tor Sam must specify what the remittance is for.

Banks in Phuket

There are a number of well established banks on Phuket with more branches opening by the month. ATM or cash machines as they are otherwise known can be found all over the Island. There is normally a handling fee of 1.5 percent on every withdrawal.

Interactive list of banks and their locations on Koh Samui

Other useful links:

Thailand Ministry of Finance

Bank of Thailand