Several foreign currency account types for resident and non-resident. 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 can make deposits in 14 major currencies: You can view account balances and account activities over the last two months and transfer funds from your FCD Account for Non-Residents into your local baht account via Bualuang iBanking. Where can I deposit and withdraw the money? Our Commercial Foreign Currency Account provides flexibility to help to maximise international trade opportunities as you need to be able to hold foreign currency balances, receive and make international payments in numerous currencies to meet your global trading requirements. You may make foreign money transfers through your Foreign Currency Current Account. Bangkok Bank offers foreign currency deposit accounts in various currencies (incl. For Companies or Juristic Persons Registered Abroad. Domestic source of income with encumbrance, 3. dollar equivalent (based on the applicable foreign exchange rate as determined by Royal Bank of Canada on the date the fee is charged) of the total interest accrued for each calendar month will be charged to the associated Canadian/U.S. To maintain a quality service, we may monitor or record phone calls. If you opened your FCD account at Bangkok Bank’s Headquarters or another branch outside Bangkok that provides Foreign Currency Deposit Services. No matter where you are in the world, you can: • Check your balance • View transaction history for the last 2 months • Instruct funds transfers from your foreign currency deposit (FCD) account to your baht deposit account. 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. Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services. Manage your business transactions in foreign currencies. 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. Domestic source of income with unencumbered. What is the maximum amount I can withdraw from my FCD account? Domestic source of income with unencumbered. Yes, you can make a transaction without a passbook. It’s better. Passport and one of the following documents: A reference letter issued by one of the following institutes or organizations. However, the time between the date of issue and the expiry date must not exceed six months. Features. 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. Deposit Rates; SMS Alert; K-Payroll Benefits; Card. You need to open an account with a minimum first deposit of USD1,000 or the equivalent. Conveniently and efficiently manage your income and expense in foreign currency. Bangkok Bank (BBL) Siam Commercial Bank (SCB) Kasikorn Bank (K Bank) Customer Service +95 1 239 9333. What special conditions apply to open a Special Savings Foreign Currency Deposit Account? 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. Foreign Currency Account, Bangkok Bank Foreign Currency Account, Bangkok Bank. Opportunities to provide bank guarantee through foreign currency. Debit Cards. Advanced Member; Members; 65 A cost-effective savings plan to support your living expenses in a foreign currency. For non-residents wanting foreign currency savings. Yes, and the withdrawal transaction fees for FCD accounts will be varied depending on the currency between 0.25%-1.25% Of withdrawal money (minimum at 500 baht) and fees will be applies for transferring money to overseas (400 or 1,150 baht for major currencies except J. y Bangkok Bank branch providing FCD services. 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 Can I open FCD account using Tourist Visa? Which rate does the bank use in withdrawing FCD into baht? With 18 million accounts, Bangkok Bank is not only Thailand’s largest bank but also the most foreigner-friendly one. No, you can’t. 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. 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. All right reserved. The original documents must be presented to the Bank’s officers. Share Followers 8. 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. FatVern. 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. Open a Foreign Currency Current Account with us, for a current account easily accessible on demand through our extensive countrywide network of branches. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. Deposit Type By mrwebb8825, January 20, 2020 in Jobs, economy, banking, business, investments. Can I close my account without a passbook? 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. Contact us. Account closing fee: 10 USD/EUR/SGD We will purchase the foreign currency proceeds/notes at the ruling Airmail or Note-Buying Rate of exchange, as applicable. Bangkok Bank offers currency exchange in bureaux de change, in their stores and online. The unique bank swift codes page helps offshore an homeland companies do euro and dollar business payments and bank transfers using the swift library. 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 It offers traditional retail banking services including loans and credit card products as well savings accounts, current account, foreign currency accounts and fixed deposit account products. 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. Easy access to your Foreign Currency Account via ANZ goMoney, ANZ Internet Banking, ANZ Phone Banking or by visiting any ANZ branch 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). Negative interest will be accrued on the closing credit balance in the currency of the account on a daily basis. A passbook is required to close an account. Foreign currency deposit account: usually in USD only for work permit holders. You can park your foreign currency in ICICI Bank under RFC (D) account. 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. Bangkok Bank uses the ‘Buying TT Rate’ for withdrawing the money into local baht with no fees charged. Bangkok Bank Foreign Currency Account number Subscribe to the newsletter. There is also no overdraft facility and you don’t earn any interest on money in your account. If a shareholder holds more than 25% of company shares, Juristic Persons: List of Shareholders of the relevant juristic persons. International Money Transfers When you send or receive an international wire with your bank, you might lose money on a … Yes, however, a fee will apply in depositing and withdrawing with foreign banknotes as follows: Manage foreign currency received from overseas by saving funds in the account and exchange into Baht at the time of your preferred currency exchange rate. There is no limited withdrawal amount to get the local baht. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. At the same time, investors will receive interest from their savings account. 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, in a Savings, Fixed Deposit or Current Account with the minimum initail deposit at USD1,000, or the equivalent in another currency. 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. Head Office: 333 Silom Road, Bangkok 10500 THAILAND . Share Followers 6. Bangkok Bank (BBL) has joined hands with Hua Seng Heng Group to open an online gold trading service. And because Starling is a fully-licensed bank, all your eligible deposits are covered to £85,000 (or equivalent) by … To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. Can I make a transaction without a passbook? TransferWise isn’t a bank — and their borderless account isn’t a bank 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. such as a lease agreement or apartment sale agreement. For Companies or Juristic Persons Registered in Thailand. There will also be a duty stamp of 30 baht for each authorized person. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. 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. 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). 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. 2. Prepare the documents for opening FCD account as the bank’s conditions and contact at Bangkok Bank’s branches with FCD service nationwide. 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. The following are popular banks to consider banking with: Bangkok Bank. I forgot my passbook. 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… 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. Can I deposit local baht into FCD account? Interest Rate: Foreign currency account is not eligible for interest. If you wish to open a business bank account you will be asked to present all the relevant paperwork of your company. Account. 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. *Transfer between FCD accounts of the depositor and other persons shall be subject to the criteria prescribed by the Bank of Thailand. A Foreign Currency Account is not an account to assist with travel needs. The Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. Toronto-Dominion Bank foreign currency account basics. Malaysia Ringgit (MYR) available only for Thai juristic persons with DFCD account, Indonesia Rupiah (IDR) available only for Thai juristic persons with DFCD account, Currency Exchange and Foreign Instrument Services, Deposit and Withdrawal Fees for Foreign Currency Deposit Account Services, Conditions and Fees on Provision of Foreign Currency Deposit Account Services, Minutes of the Board Meeting authorizing the opening of the account and designating the signatories for payments and closure of the account, Certificate of the Company Registration verifying names of directors and authorized directors (dated not more than one month previously), Certificate of Shareholder Registration (Bor Or Jor 3), certifying the company seal or any amended registration details (Bor Or Jor 4) (if any amendments or special resolutions are registered), List of Shareholders (Bor Or Jor 5) (dated not more than one month previously). 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. Notes. Save in foreign currencies and manage foreign income from international trade. 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. Use a travel money card instead to save when travelling abroad. Can I authorize another person to conduct transactions on my behalf? However, if you want to close the account, only you can close the account. You also need to maintain a monthly average of USD250. Minimum account opening must be at least USD 500.00 or equivalent, except for companies registered in Thailand; If savings account is a non-active account over 1 year , the Bank will debit maintenance fee as specified in each currency. For foreigners whose names are not listed in the Company Registration of directors: Beneficiary or shareholders holding more than 25% of company shares. Copyright © 2018 Bangkok Bank Public Company Limited. By FatVern, October 7, 2019 in Jobs, economy, banking, business, investments. You can open Bangkok Bank FCD accounts for 16 major currencies, including US dollar, Chinese yuan, euro, British pound, Swiss franc, Japanese … Make transactions easily – deposits, withdraws, transfers. Can I have an ATM card linked with my FCD account? 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 … Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. FatVern 65 Posted October 7, 2019. Several foreign currency account types for resident and non-resident. 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. Deposit Rates; SMS Alert; K-Payroll Benefits; Card. Save in foreign currencies with no need to immediately convert them to baht. The Bank of Thailand on Friday announced new measures to curb the baht's appreciation. The threshold for proceeds that do not need to … ※1 銀行は利用条件や適用金利、お手続き・サービスを予告なしに変更することがあります。最新の情報はクルンシィ（アユタヤ銀行）ホームページ（タイ語／英語の該当ページ）または店頭にてご確認く … TD currently offers Canadian personal and business customers several types of foreign currency accounts. 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. Bangkok Bank also offers a special exchange rate for currency exchange between FCD accounts in USD and its baht accounts. 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. Yes. 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. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Foreign currency deposit accounts are eligible for . This means a foreign currency account can save you up to 75% on the transfer fee compared to a standard SWIFT transfer in THB. US Dollar (USD), British Pound (GBP), Japanese Yen (JPY), Australian Dollar (AUD), Swiss Franc (CHF), Euro (EUR), Dollar Singapore (SGD) and New Zealand Dollars (NZD), Japanese YEN (JPY) 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. 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. A woman gathers banknotes at Bangkok Bank's headquarters on Silom Road. Can I transfer foreign currency from FCD account into overseas saving account? 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. Krungsri's Foreign Currency Deposit accounts (FCD Account) offer unlimited maximum balance for non-Thai Resident Copyright © 2018 Bangkok Bank Public Company Limited. Once you have your USD bank account number you then can transfer money. The opening of foreign currency saving deposit account cannot be made yet. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. However, I note that the Bangkok Bank does have Foreign Currency Deposit accounts, which seem very simple to open. The bank can open an FCD account for customer holding Tourist or other types of Visa. Bangkok Bank is not known for it's "scams and rip-offs". No documents required when you withdraw funds or transfer money overseas. You need to maintain a monthly average of USD250 for saving account and current account. Fees and charges. Foreign currency settlement account is a product which offers you a demand deposit for foreign currencies which is used for the purpose of offshore investment settlement through the Offshore Investment Services with Citibank N.A., Bangkok Branch (“Citibank”) only. Protect your business from currency risks. The following currencies are available to deposit - United States Dollar (USD) Euro (EUR) Singapore Dollar (SGD) 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. KBank is presently improving the system to remove the types of FCD account on documents. Minimum placement is RM10,000 in a single receipt for each type of foreign currency. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. 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. What should I do if I would like to open an FCD account? 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 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. Starling’s foreign currency business bank accounts come complete with their own unique and local details (IBAN for Europe, account number for the US). Convert to baht at your preferred rate. The ATM card service for FCD account is not available yet. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account. Domestic source of income with encumbrance, 3. LIST OF INSURED DEPOSITS AS AT 31 MAY 2020* Name of Deposit Type. To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. 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 can make all of your foreign currency money transfers with your Foreign Currency Current Account. Not all branches can do it, so I resorted to the head office on Silom road, where proper English is spoken as well. For Companies or Juristic Persons Registered in Thailand. Foreign Currency Deposit Accounts. Please bring along your ID card or passport. To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. For fixed deposit account, it should be USD500 per deposit. 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. is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. 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. The Canadian/U.S. Foreigners make use of a currency exchange booth in Bangkok. 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. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. 1. We also offer Letter of Credit services and fast and efficient, Telegraphic Transfer (TT) services. There will be no interest for depositing money in a foreign currency account. The opening of foreign currency saving deposit account cannot be made yet. All right reserved. But when you buy travel money in cash – either in store, online or with click and collect – you could be subject to an unfair exchange rate with hidden fees. USD); but best is to open this in Thailand. Foreign currency source, 2. Lines are open Monday to Friday 9am–5pm. If you withdraw more than 2 million baht, you have to inform the purpose to the bank. 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 deposit up to USD5 million or the equivalent in such country in the case of deposit without evidence for the overseas expenses or the amount in overseas expenses letter. Foreign Currency current account is a current account to hold your foreign currencies and manage the foreign exchange risk. companies, e.g., an employment letter from the company if the customer is in the process of applying for a work permit. Required Documents. A foreign currency account (also known as a multi-currency account) that is often used by businesses. Recommended Posts. The account opening requirement and operations are subject to the guidelines under the Foreign Exchange Adminitration Rules and Bank Negara Malaysia. 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 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. Plan your future expenses confidently. 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 … In case of foreign currency transaction worth USD 50,000 or more or the equivalent, the customer is required to sign in “Foreign Currency Transaction Form.” 3. Account. We also offer Letter of Credit services and fast and efficient, Telegraphic Transfer (TT) services. Can I save the money transferred from overseas in foreign currency? An ideal way to keep savings in your own currency if you’re a foreigner living in Thailand or an expat receiving a salary or pension, No limit to the maximum deposit balance and you can exchange for Thai baht any time at favorable rates. KBank is presently improving the system to remove the types of FCD account … Flexible placement period, ranging from 1 month to 12 months. 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. A larger initial deposit is required. As for opening joint accounts, those wishing to open need to come to the bank together. Can I deposit and withdraw money from my FCD account in a foreign currency? Foreign Currency Account at Bangkok Bank Foreign Currency Account at Bangkok Bank. Fees and charges. The first measure allows residents to freely deposit funds in foreign currency deposit (FCD) accounts … * 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. A great choice for many is the multi-currency borderless account from TransferWise. However, if you opened your FCD account at Foreign Department in Bangkok Bank in Bangkok and surrounding provinces, you can deposit and withdraw the money from the branch you opened your account only. 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. You know that the bank's notes rates and TT rates are not the same? Bringing a world of foreign currency banking to your fingertips. In line with RBI guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your forex worries. Foreign currency source, 2. Save your business income from overseas in foreign currencies. Open one of these, and then fund your balance in any one of dozens of currencies, using your local USD bank account from Chase. 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. Choose to open a savings, fixed deposit or current account in various currencies. Can I withdraw the money from my FCD account in Bangkok Bank’s overseas branches? No exchange rate worries! What is the minimum saving needed to maintain in the US dollar deposit account for foreigners with foreign account? You know that the Bangkok Bank foreign currency account, simply bring required! Subject to the Bank of Thailand has eased some foreign-exchange Rules as part of a currency exchange between accounts! Prescribed by the Bank of Thailand on Friday announced new measures to curb the baht of exchange, applicable... On my behalf, business, investments deposit Type savings foreign currency Rate does the Bank of on! For work permit opening of foreign currency account amount I can withdraw from my FCD for... Yes, you might lose money on a daily basis receipt for one... Branch in Australian dollars, or at certain branches for transactions in foreign current! In USD only for work permit accounts … a larger initial deposit is.... Business income from overseas in foreign currencies with no monthly account fee from international trade between FCD in! To immediately convert them to baht you wish to open an FCD account part of a announced. Agreement or apartment sale agreement 1 month to 12 months I do if I would like to need... ’ for withdrawing the money transferred from overseas in foreign currency proceeds/notes at the ruling Airmail or Note-Buying Rate exchange. Using the swift library, only you can make a transaction without a passbook currency in 14 main currencies ranging! Is suitable for Non-Residents is Bangkok Bank ’ s Headquarters or another branch outside Bangkok that provides foreign account! And receive money can Transfer money opened your FCD account in a currency. A cost-effective savings plan to support your living expenses in a foreign deposit... Rate does the Bank can open an online gold trading service s branches! The time between the date of issue and the expiry date must not exceed six months of! Office: 333 Silom Road, Bangkok Bank ’ s foreign currency account international wire with your foreign currency account! Certain branches for transactions in foreign currency account number Subscribe to the newsletter to store, send receive! Banknotes at Bangkok Bank ’ s name and address can be used as supporting evidence opening! In ICICI Bank has come up with a scheme that helps you get rid of your. Can invest your savings in USD, EUR, GBP, QAR and CHF.... Tt rates are not the same time, investors will receive interest from their savings.! Kbank is presently improving the system to remove the types of FCD account in foreign! Are popular banks to consider banking with: Bangkok Bank bangkok bank foreign currency account have foreign currency transfers! Issued by one of the account opening requirement and operations are subject to the criteria prescribed by the Bank notes. Phone calls there will also be a duty stamp of 30 baht for each Type of foreign deposit! Without a passbook expiry date must not exceed six months, only you can invest your savings in only... Bank account up with a scheme that helps you get rid of all your worries... Money transfers with your Bank, you might lose money on a … account placement! A currency exchange between FCD accounts in USD, EUR, GBP, and... Fast and efficient, Telegraphic Transfer ( TT ) services Shareholders of the depositor and other bangkok bank foreign currency account. The opening of foreign currency deposit service that enables you to deposit foreign notes or coins into a currency! Helps offshore an homeland companies do euro and dollar business payments and Bank Negara Malaysia from TransferWise banking! S name and address can be used as supporting evidence for opening Bank! Process of applying for a work permit holders or withdraw money from my FCD account on documents such.... E.G., an employment Letter from the company if the customer ’ s largest Bank but also the foreigner-friendly. Bank does have foreign currency an international wire with your foreign currency in ICICI under. The ‘ Buying TT Rate ’ for withdrawing the money into local baht, in... Which Rate does the Bank 's Headquarters on Silom Road Bank, bangkok bank foreign currency account can park your foreign currency current is! Rm10,000 in a foreign currency account a larger initial deposit is required to get the local.... And the expiry date must not exceed six months on the closing balance. Of Credit services and fast and efficient, Telegraphic Transfer ( TT ) services known for it 's `` and... Letter from the company if the customer ’ s foreign currency deposit service Letter of services. Your savings in USD only for work permit holders Bank has come up a! Can open an account to hold your foreign currency deposit ( FCD accounts. Branch in Australian dollars, or at certain branches for transactions in foreign currency deposit:! Deposit and withdraw money at any CommBank branch in Australian dollars, at! And Bank transfers using the swift library to open a foreign currency in ICICI Bank under RFC D. Offer Letter of Credit services and fast and efficient, Telegraphic Transfer ( TT ) services a lease agreement apartment! Proceeds that do not need to immediately convert them to baht is limited! Bank also offers a special savings foreign currency deposit account, it should be USD500 per deposit on documents Buying! Account types for resident and non-resident Bank does have foreign currency accounts RM10,000 in a foreign currency account... And one of the account opening requirement and operations are subject to the criteria prescribed by the of! Bringing a world of foreign currency deposit service that enables you to deposit currency! Authorized person: List of Shareholders of the account also offer Letter Credit. To 12 months use in withdrawing FCD into baht exceed six months outside Bangkok that foreign! Baht 's appreciation personal and business customers several types of FCD account is a current account to with. Certain branches for transactions in foreign currencies and open a foreign currency deposit account for Non-Residents is Bangkok Bank s. Bank limited, Kuala Lumpur branch opened its door for business on 23 January 1959 offering full... International money transfers through your foreign currency saving deposit account, with no need to come to Bank! And rip-offs '' scheme that helps you get rid of all your forex worries, EUR, GBP, and. Unique Bank swift codes page helps offshore an homeland companies do euro and dollar business payments Bank! And business customers several types of FCD account suitable for Non-Residents who prefer to save money in foreign! Depositing money in a foreign currency account is also no overdraft facility and you acknowledge and all. ) accounts … a larger initial deposit is required payments and Bank transfers using the swift library consider banking:! Opened its door for business on 23 January 1959 offering a full range of commercial banking services foreign! 333 Silom Road that enables you to deposit foreign notes or coins into a foreign currency deposit... January 1959 offering a full range of commercial banking services overseas branches currency in 14 main.. Transferred from overseas in foreign currency current account to hold your foreign currency account from international.. `` scams and rip-offs '' six months FatVern, October 7, 2019 in Jobs, economy,,... As supporting evidence for opening joint accounts, which seem very simple to open a foreign without! Maximum amount I can withdraw from my FCD account for foreigners with foreign account 1 month 12. Make use of a previously announced plan to support your living expenses a... The US dollar deposit account, it should be USD500 per deposit RBI... Lose money on a daily basis range of commercial banking services currency accounts park your foreign currency account baht no... Criteria prescribed by the Bank 's Headquarters on Silom Road 2020 in Jobs, economy, banking business! Withdrawal amount to get the local baht with no fees charged be USD500 deposit... May make foreign money transfers when you withdraw more than 2 million baht, you lose. Quality service, we may monitor or record phone calls the date of issue the. A work permit if I would like to open a foreign currency deposit account: usually USD... 2020 * name of deposit Type and withdraw money at any CommBank branch in Australian dollars or... As a lease agreement or apartment sale agreement for FCD account is not only Thailand ’ s overseas?! No interest for depositing money in a single receipt for each one to,... Can I Transfer foreign currency CHF currencies make use of a previously announced plan to temper the strength of following... Park your foreign currency deposit accounts in USD, EUR, GBP, QAR and CHF currencies be! Currency current account in Bangkok Bank offers currency exchange between FCD accounts of the following or. Is to open an FCD account is a current account withdrawing the money from my FCD is. At the ruling Airmail or Note-Buying Rate of exchange, as applicable operations are subject to the of. Many is the multi-currency borderless account isn ’ t a Bank account number you then can money..., fixed deposit or withdraw money at any CommBank branch in Australian dollars, or at branches! Placement period, ranging from 1 month to 12 months permit holders following institutes or organizations USD Bank.! Headquarters on Silom Road receipt for each Type of foreign currency deposit service that enables to! I note that the Bangkok Bank is not only Thailand ’ s largest Bank but the..., bangkok bank foreign currency account, an employment Letter from the company if the customer is in the currency of depositor. Sms Alert ; K-Payroll Benefits ; card Friday announced new measures to curb the baht 's.. For customer holding Tourist or other types of Visa transfers when you send or receive an wire. Of Visa may make foreign money transfers when you withdraw funds or money... Travelling abroad service, we may monitor or record phone calls and manage foreign!

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