For Companies or Juristic Persons Registered in Thailand. 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. The threshold for proceeds that do not need to … 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. 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. 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. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency Account. Save in foreign currencies and manage foreign income from international trade. 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. 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. 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 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. Bangkok Bank offers foreign currency deposit accounts in various currencies (incl. Deposit or withdraw money at any CommBank branch in Australian dollars, or at certain branches for transactions in foreign cash. Open a Foreign Currency Current Account with us, for a current account easily accessible on demand through our extensive countrywide network of branches. Interest Rate: Foreign currency account is not eligible for interest. 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. Use a travel money card instead to save when travelling abroad. Advanced Member; Members; 65 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. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Can I have an ATM card linked with my FCD account? You can invest your savings in USD, EUR, GBP, QAR and CHF currencies. 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 To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. 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. Bangkok Bank uses the ‘Buying TT Rate’ for withdrawing the money into local baht with no fees charged. What should I do if I would like to open an FCD account? Features. 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. TransferWise isn’t a bank — and their borderless account isn’t a bank account. You know that the bank's notes rates and TT rates are not the same? is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Recommended Posts. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account. A Foreign Currency Account is not an account to assist with travel needs. Bangkok Bank also offers a special exchange rate for currency exchange between FCD accounts in USD and its baht accounts. Can I deposit and withdraw money from my FCD account in a foreign currency? The Canadian/U.S. Foreign Currency Deposit Accounts. 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. Negative interest will be accrued on the closing credit balance in the currency of the account on a daily basis. Krungsri's Foreign Currency Deposit accounts (FCD Account) offer unlimited maximum balance for non-Thai Resident You also need to maintain a monthly average of USD250. 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. Deposit Type We will purchase the foreign currency proceeds/notes at the ruling Airmail or Note-Buying Rate of exchange, as applicable. The original documents must be presented to the Bank’s officers. Bringing a world of foreign currency banking to your fingertips. 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. Easy access to your Foreign Currency Account via ANZ goMoney, ANZ Internet Banking, ANZ Phone Banking or by visiting any ANZ branch It’s better. Please bring along your ID card or passport. With 18 million accounts, Bangkok Bank is not only Thailand’s largest bank but also the most foreigner-friendly one. In line with RBI guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your forex worries. The Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. We also offer Letter of Credit services and fast and efficient, Telegraphic Transfer (TT) services. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. Toronto-Dominion Bank foreign currency account basics. Where can I deposit and withdraw the money? However, I note that the Bangkok Bank does have Foreign Currency Deposit accounts, which seem very simple to open. No, you can’t. For non-residents wanting foreign currency savings. Foreign Currency Account at Bangkok Bank Foreign Currency Account at Bangkok Bank. 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… Bangkok Bank (BBL) Siam Commercial Bank (SCB) Kasikorn Bank (K Bank) Customer Service +95 1 239 9333. 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. 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. At the same time, investors will receive interest from their savings account. Save in foreign currencies with no need to immediately convert them to baht. 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. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. 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. 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. Domestic source of income with unencumbered. 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. Starling’s foreign currency business bank accounts come complete with their own unique and local details (IBAN for Europe, account number for the US). To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. 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). You need to open an account with a minimum first deposit of USD1,000 or the equivalent. Can I withdraw the money from my FCD account in Bangkok Bank’s overseas branches? 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. 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. 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