LIST OF INSURED DEPOSITS AS AT 31 MAY 2020* Name of Deposit Type. Citizen ID cards of the following persons: Authorized person(s) on behalf of juristic person(s) to open the account and the signatories for payments, Work Permit/Letter of Reference issued by Embassy, Individuals: Citizen ID card or Passport (for foreigners), Juristic Persons: List of Shareholders (Bor Or Jor 5) listing the names of juristic persons respectively, Power of Attorney and Passport of grantee (required in case the signatory is not a director of the company), Citizen ID card or Passport of the directors and authorized persons. At the same time, investors will receive interest from their savings account. Plan your future expenses confidently. Minimum placement is RM10,000 in a single receipt for each type of foreign currency. Minimum Total relationship balance is THB 1,000,000 or equivalent for opening a foreign currency account and maximum account balance is in accordance with Bank of Thailand's regulations and Citibank, N.A. The following are popular banks to consider banking with: Bangkok Bank. Recommended Posts. Save your business income from overseas in foreign currencies. Negative interest will be accrued on the closing credit balance in the currency of the account on a daily basis. No exchange rate worries! a) Payment in local currency at current buying rate or from ACCD Framework* * Under Local Currency Settlement Framework of Bank Negara Malaysia and Bank of Thailand b) Payment in the same foreign currency of remittance to customers with foreign currency account with us RM 5.00 USD 10.00 in receipt currency equivalent or RM equivalent The first measure allows residents to freely deposit funds in foreign currency deposit (FCD) accounts … Currency Exchange and Foreign Instrument Services, See Deposit and Withdrawal Fees for Foreign Currency Deposit Account Services, See Conditions and Fees on Provision of Foreign Currency Deposit Account Services, 1 % of depositing or withdrawal money for USD (minimum at 500 baht), 2%  of depositing or withdrawal money for another currency (minimum at 500 baht). USD); but best is to open this in Thailand. 6.2 Foreign currency cheques, Bank Drafts or foreign currency notes (cash), denominated in the currency of the Account must be deposited at any of our bureaux de change outlets (and not our International Business Centre). Flexible placement period, ranging from 1 month to 12 months. The threshold for proceeds that do not need to … * You can, Conditions and Fees for Provision of Foreign Currency Deposit Account Services, For foreigners with Thai permanent residency, Alien Certificate or Certificate of Residency or Passport, International institution, e.g. Conveniently and efficiently manage your income and expense in foreign currency. You can manage your FCD account via Bualuang iBanking Service, such as, checking account balance and account statement over the last two months, transferring funds from your FCD account into your local baht account. The Hua Seng Heng USD Gold Trade platform enables customers to use their foreign currency deposit (FCD) accounts to trade in gold at the US dollar price, said BBL senior executive Chansak Fuangfu on … Deposit or withdraw money at any CommBank branch in Australian dollars, or at certain branches for transactions in foreign cash. Foreign Currency Account, Bangkok Bank Foreign Currency Account, Bangkok Bank. Documents Required for Opening the Account, Deposit and Withdrawal Fees for Foreign Currency Deposit Account Services, Conditions and Fees on Provision of Foreign Currency Deposit Account Services. The Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. Can I have an ATM card linked with my FCD account? Several foreign currency account types for resident and non-resident. Bangkok Bank uses the ‘Buying TT Rate’ for withdrawing the money into local baht with no fees charged. It cannot be linked to a Travel Money card and you cannot access your Foreign Currency Account through an ATM, either within Australia or overseas. You may make foreign money transfers through your Foreign Currency Current Account. Foreign currency account ဖြင့္ျခင္းျဖင့္ ရရွိနိုင္ေသာ အက်ိဳးေက်းဇူးမ်ား ... Bangkok Bank Public Co, Ltd; Siam Commercial Bank (SCB) Kasikorn Bank Public Company Limited (K Bank) Other International Remittance; MoneyGram; Customer Service +95 1 239 9333. To transfer money to and from your Foreign Currency Account, call us on 03459 75 75 75, or +44 191 541 2009 if you’re calling from abroad. You can make all of your foreign currency money transfers with your Foreign Currency Current Account. For Credit Card (Dynamic Currency Conversion) Please Contact 0 2256 2777 For Credit Card (Cash Advance Rate) This rate is applicable for Credit Card issued by bank outside Thailand CNY and AED FX rates are available upon request for telex transfers (T/T) and export sight bill transactions What is the maximum amount I can withdraw from my FCD account? No, you can’t. The opening of foreign currency saving deposit account cannot be made yet. is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Bringing a world of foreign currency banking to your fingertips. You can open an FCD Account for Non-Residents in a Savings, Fixed Deposit or Current Account with the minimum initail deposit at USD1,000, or the equivalent in another currency. This means a foreign currency account can save you up to 75% on the transfer fee compared to a standard SWIFT transfer in THB. It is a non-interest earning account that gives you instant and convenient access to your foreign currency, either by using a complimentary passbook, or a complimentary checkbook. Copyright © 2018 Bangkok Bank Public Company Limited. You know that the bank's notes rates and TT rates are not the same? A woman gathers banknotes at Bangkok Bank's headquarters on Silom Road. You can deposit your local baht into the account by  displaying income statement from employer and be able to deposit as the amount shown upon the bank officer. There will also be a duty stamp of 30 baht for each authorized person. With 18 million accounts, Bangkok Bank is not only Thailand’s largest bank but also the most foreigner-friendly one. Bangkok Bank offers foreign currency deposit accounts in various currencies (incl. Make transactions easily – deposits, withdraws, transfers. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account (in addition to the documents stated above) such as a lease agreement or apartment sale agreement. If a shareholder holds more than 25% of company shares, Juristic Persons: List of Shareholders of the relevant juristic persons. TransferWise isn’t a bank — and their borderless account isn’t a bank account. Foreign Currency Deposit Accounts. The Bank actually does not decide itself whether you can open a foreign currency account : your data will be sent to the Bank of Thailand for approval. It’s better. Once you have your USD bank account number you then can transfer money. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. Prepare the documents for opening FCD account as the bank’s conditions and contact at Bangkok Bank’s branches with FCD service nationwide. You can deposit, withdraw or transfer the money in the account without converting money into local baht suitable for non-residents who would like to save foreign currency earned from overseas and convert them to baht whenever they prefer the exchange rate and for non-residents who work in Thailand and would like to save money in foreign currency in the account. However, the time between the date of issue and the expiry date must not exceed six months. You need to maintain a monthly average of USD250 for saving account and current account. Contact us. And because Starling is a fully-licensed bank, all your eligible deposits are covered to £85,000 (or equivalent) by … What is the minimum saving needed to maintain in the US dollar deposit account for foreigners with foreign account? Bangkok Bank Berhad Fees & Charges 2 No Type of Charges Fees & Charges 1.0 CURRENT ACCOUNT 1.1 Half Yearly Service Charges All accounts without banking facility with average daily ... customers foreign currency account with us e) Charges for ACCD (MYR only) and TBET RM 2.00 Exempted RM 25.00 RM 20.00 RM 30.00 RM 20.00 USD 5.00 Bangkok Bank joins Hua Seng Heng to offer opportunities to investors to buy and sell gold at real-time global market prices in USD on the Hua Seng Heng USD Gold Trade platform via Foreign Currency Deposit Account: FCD for Bangkok Bank customers for the first time in Thailand. Savings Account; Fixed Deposit Account; Taweesub Special Fixed Deposit Account; Flexible Fixed Deposit Plus Family Protection; Super Senior Fixed Deposit Account; Current Account; Foreign Currency Deposit Account; Basic Banking Account ; K-eSavings Account; Guides. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. pension certificate issued by overseas organization, An overseas bank where the customer holds an account sent via, such as a Bangkok Bank staff member or customer, government officer, director, of a private company, government or private educational institutes located in Thailand trusted by the Bank. When it comes to banking in foreign currency, Business Customers have four options: TD Every Day Business, Unlimited, Community Plans, and Basic accounts, which we’ll cover further on. Can I close my account without a passbook? The Reserve Bank of India has now made it easier for you to access foreign currency by permitting a foreign currency account (domestic) for resident Indians. Foreign Currency Account at Bangkok Bank Foreign Currency Account at Bangkok Bank. Save in foreign currencies and manage foreign income from international trade. FCD Account for Non-Residents is for foreigners who would like to hold incoming foreign funds without needing to immediately convert them to baht or for those living in Thailand who want to convert and save their Thai earnings in a foreign currency. International Money Transfers When you send or receive an international wire with your bank, you might lose money on a … Can I open FCD account using Tourist Visa? Open a Foreign Currency Current Account with us, for a current account easily accessible on demand through our extensive countrywide network of branches. Can I deposit and withdraw money from my FCD account in a foreign currency? Foreign currency deposit accounts are eligible for . Account closing fee: 10 USD/EUR/SGD Can I withdraw the money from my FCD account in Bangkok Bank’s overseas branches? Foreign Currency Deposit Account Service is for business people, individuals, and foreigners, help to reduce fluctuating exchange rate risk, maximize efficiency in foreign currency management. Bangkok Bank (BBL) has joined hands with Hua Seng Heng Group to open an online gold trading service. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account. The bank will charge USD10 if your account balance drops under USD250.You can only convert local baht into foreign currency with the bank and deposit into the account. AYA Bank was licensed by the Central Bank of Myanmar on 2 July 2010 and relicensed under the Financial Institutions Law 2016 as a full service universal bank. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. Choose to open a savings, fixed deposit or current account in various currencies. Can I transfer foreign currency from FCD account into overseas saving account? Not all branches can do it, so I resorted to the head office on Silom road, where proper English is spoken as well. No documents required when you withdraw funds or transfer money overseas. A passbook is required to close an account. According to their website, all that is required (if on either Tourist Visa or Long-Stay visa) is your passport and a certified copy (from Embassy) of your passport. A great choice for many is the multi-currency borderless account from TransferWise. Krungsri's Foreign Currency Deposit accounts (FCD Account) offer unlimited maximum balance for non-Thai Resident For foreigners whose names are not listed in the Company Registration of directors: Beneficiary or shareholders holding more than 25% of company shares. Save in foreign currencies with no need to immediately convert them to baht. Foreigners make use of a currency exchange booth in Bangkok. The following currencies are available to deposit - United States Dollar (USD) Euro (EUR) Singapore Dollar (SGD) Account. The Metro Bank Foreign Currency Account doesn’t come with a cheque book or debit card – so you can’t take money out at a cash machine. FCD account enebles you to save money in foreign currency transferred from aboard in the account and convert them into local baht whenever you prefer the exchange rate. Advanced Member; Members; 65 တစ္ဦးခ်င္း ဝန္ေဆာင္မႈ Personal Account; Foreign Currency Accounts; Cards and Merchant Services; Loans; Remittance; E-Banking; Corporate Governance & … KBank is presently improving the system to remove the types of FCD account on documents. Foreign Currency current account is a current account to hold your foreign currencies and manage the foreign exchange risk. 1. Bangkok Bank Foreign Currency Account number Subscribe to the newsletter. companies, e.g., an employment letter from the company if the customer is in the process of applying for a work permit. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. You can deposit, withdraw or transfer the money in the account without converting money into local baht suitable for non-residents who would like to save foreign currency earned from overseas and convert them to baht whenever they prefer the exchange rate and for non-residents who work in Thailand and would like to save money in foreign currency in the account. Passport and one of the following documents: A reference letter issued by one of the following institutes or organizations. The account owner can authorize another person to conduct transactions on your behalf, you and the authorized person must sign together the authorization form and signature card in front of a bank officer. All right reserved. Account maintenance Fees: Foreign Currency 1 Unit - If the account has had no deposit or withdrawal activity (other than posting interest) for a period of one year Fees will be applied upon making a deposit. I forgot my passbook. For fixed deposit account, it should be USD500 per deposit. We will purchase the foreign currency proceeds/notes at the ruling Airmail or Note-Buying Rate of exchange, as applicable. Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services. Savings Account; Fixed Deposit Account; Taweesub Special Fixed Deposit Account; Flexible Fixed Deposit Plus Family Protection; Super Senior Fixed Deposit Account; Current Account; Foreign Currency Deposit Account; Basic Banking Account ; K-eSavings Account; Guides. Which rate does the bank use in withdrawing FCD into baht? 2. Note: All company documents (every page) must be verified by a Notary Public and attested by the Royal Thai Embassy or Consulate in the country where the company is registered. Deposit Rates; SMS Alert; K-Payroll Benefits; Card. Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. Lines are open Monday to Friday 9am–5pm. Share Followers 6. The bank does not guarantee that the rate you see on the rate board is current, the rates have to be changed at some time and at the time of that update they are obviously not current. A larger initial deposit is required. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. Required Documents. A foreign currency account (also known as a multi-currency account) that is often used by businesses. For Companies or Juristic Persons Registered Abroad. Interest Rate: Foreign currency account is not eligible for interest. Bangkok Bank also offers a special exchange rate for currency exchange between FCD accounts in USD and its baht accounts. To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. You can open a Foreign Currency Deposit Account (FCD) in any of 16 currencies with a minimum deposit of USD 5,000 or equivalent in another currency. Opportunities to provide bank guarantee through foreign currency. The Bank of Thailand (BOT) has announced a relaxation of regulations on Foreign Currency Deposit (FCD) accounts to allow residents to use FCD accounts more freely, by cancelling the classification of FCD account. You can invest your savings in USD, EUR, GBP, QAR and CHF currencies. Foreign currency source, 2. To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. Foreign Currency Fixed Deposit - FCFD: A fixed investment instrument in which a specific sum of money with an agreed upon time and interest rate is deposited into a bank… Where can I deposit and withdraw the money? A Foreign Currency Account is not an account to assist with travel needs. Please provide certified true copies with the company seal on all documents (every page) and also prepare the original documents to present to the Bank’s officers. Convert to baht at your preferred rate. For non-residents wanting foreign currency savings. To maintain a quality service, we may monitor or record phone calls. FCD Account is suitable for non-residents who prefer to save money in a foreign currency without needing to immediately convert funds to Thai baht. Domestic source of income with encumbrance, 3. With Foreign Currency Current Account, you can easily make your basic banking transactions such as cash withdrawal, cash deposit and balance inquiry at Alternatif Bank ATMs. By mrwebb8825, January 20, 2020 in Jobs, economy, banking, business, investments. To make payments from a Foreign Currency Account you can send an International Money Transfer in the currency of the account, or have the foreign currency equivalent debited from your account.

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