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Thailand's currency is the baht. One baht subdivides into100 satangs. Bank notes include a brown 10 note, a green 20 note, a blue 50 note, a red 100 note, a purple 500 note, and a grey 1,000 baht note. Thai coins include the 1 Baht (silver coin), 5 Baht (silver coin with copper edge) and the 10 Baht (copper coin with silver border), as well as the 25 satang and 50 satang (both are copper coins). Thai coins can be a bit confusing because the same value coin comes in different sizes.
Bangkok's Currency Exchange
You may exchange your money at any Bangkok commercial bank, at a currency exchange service provided by a commercial bank, or at an authorized currency-changer. Many Bangkok hotels are authorized money-changers, and you will also find a number of independent money-changers. The independent money-changers typically offer better rates than banks, and banks typically offer better rates than hotels.
Bangkok's Banks usually open from 9:30a.m. to15:30p.m, Monday to Friday except holidays. Banks' currency exchange services tend to have varying business hours, with many open every day from 8:30a.m to - 11p.m. The money exchange counters at authorized hotels are typically open 24 hours a day.
While the bank clerks at main bank branches speak English, not all the bank forms are in English. You will also find that the bank clerks are sticklers for comparing and matching signatures.
The rates are higher for traveler's checks. Also keep in mind that there is an 8-baht charge on each check cashed, so you can save some money by cashing large denominations rather than several smaller denominations.
You may freely bring in and leave with foreign currency. However, there is a $10,000 US Dollar maximum limit imposed, unless you declare a higher amount when you arrive in the country.
Credit cards are widely accepted in Bangkok, with most establishments displaying stickers for cards that they accept. There is usually an additional 3-5% charge on each credit card purchase.
There are no restrictions on opening a savings account as a foreign visitor to Bangkok. However, only residents can open checking accounts.
Any check that is drawn on a Thai bank and issued to you can be deposited in you're your savings account. These checks will generally clear within one day. Checks that are drawn on a foreign bank can take up to 3 months to clear.