Passport and one of the following documents: A reference letter issued by one of the following institutes or organizations. The opening of foreign currency saving deposit account cannot be made yet. You may make foreign money transfers through your Foreign Currency Current Account. For foreigners whose names are not listed in the Company Registration of directors: Beneficiary or shareholders holding more than 25% of company shares. 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. 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. Prepare the documents for opening FCD account as the bank’s conditions and contact at Bangkok Bank’s branches with FCD service nationwide. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. The unique bank swift codes page helps offshore an homeland companies do euro and dollar business payments and bank transfers using the swift library. Open one of these, and then fund your balance in any one of dozens of currencies, using your local USD bank account from Chase. Bangkok Bank offers currency exchange in bureaux de change, in their stores and online. A woman gathers banknotes at Bangkok Bank's headquarters on Silom Road. Bangkok Bank is not known for it's "scams and rip-offs". A cost-effective savings plan to support your living expenses in a foreign currency. And because Starling is a fully-licensed bank, all your eligible deposits are covered to £85,000 (or equivalent) by … FatVern 65 Posted October 7, 2019. What should I do if I would like to open an FCD account? LIST OF INSURED DEPOSITS AS AT 31 MAY 2020* Name of Deposit Type. 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. Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. We also offer Letter of Credit services and fast and efficient, Telegraphic Transfer (TT) services. 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. The first measure allows residents to freely deposit funds in foreign currency deposit (FCD) accounts … 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. Foreign Currency Deposit Accounts. Make transactions easily – deposits, withdraws, transfers. You also need to maintain a monthly average of USD250. 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. Bringing a world of foreign currency banking to your fingertips. A foreign currency account (also known as a multi-currency account) that is often used by businesses. You can park your foreign currency in ICICI Bank under RFC (D) account. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. Interest Rate: Foreign currency account is not eligible for interest. TransferWise isn’t a bank — and their borderless account isn’t a bank account. By FatVern, October 7, 2019 in Jobs, economy, banking, business, investments. 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. The original documents must be presented to the Bank’s officers. Protect your business from currency risks. 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. 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. 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. 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. *Transfer between FCD accounts of the depositor and other persons shall be subject to the criteria prescribed by the Bank of Thailand. Foreigners make use of a currency exchange booth in Bangkok. Foreign Currency Account, Bangkok Bank Foreign Currency Account, Bangkok Bank. The Bank of Thailand has eased some foreign-exchange rules as part of a previously announced plan to temper the strength of the baht. Save in foreign currencies and manage foreign income from international trade. There will be no interest for depositing money in a foreign currency account. Toronto-Dominion Bank foreign currency account basics. Can I transfer foreign currency from FCD account into overseas saving 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. Manage your business transactions in foreign currencies. In line with RBI guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your forex worries. Can I withdraw the money from my FCD account in Bangkok Bank’s overseas branches? ※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 … Share Followers 6. 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. 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. For Companies or Juristic Persons Registered in Thailand. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account. With 18 million accounts, Bangkok Bank is not only Thailand’s largest bank but also the most foreigner-friendly one. 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. As for opening joint accounts, those wishing to open need to come to the bank together. 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 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. 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 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. Foreign currency source, 2. KBank is presently improving the system to remove the types of FCD account … You need to open an account with a minimum first deposit of USD1,000 or the equivalent. 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. 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) You need to maintain a monthly average of USD250 for saving account and current account. Where can I deposit and withdraw the money? Not all branches can do it, so I resorted to the head office on Silom road, where proper English is spoken as well. 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. 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. However, the time between the date of issue and the expiry date must not exceed six months. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. Lines are open Monday to Friday 9am–5pm. All right reserved. Bangkok Bank also offers a special exchange rate for currency exchange between FCD accounts in USD and its baht accounts. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. By mrwebb8825, January 20, 2020 in Jobs, economy, banking, business, investments. Domestic source of income with unencumbered. 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. such as a lease agreement or apartment sale agreement. For Companies or Juristic Persons Registered Abroad. Required Documents. တစ္ဦးခ်င္း ဝန္ေဆာင္မႈ Personal Account; Foreign Currency Accounts; Cards and Merchant Services; Loans; Remittance; E-Banking; Corporate Governance & … Account closing fee: 10 USD/EUR/SGD International Money Transfers When you send or receive an international wire with your bank, you might lose money on a … No exchange rate worries! The account opening requirement and operations are subject to the guidelines under the Foreign Exchange Adminitration Rules and Bank Negara Malaysia. It’s better. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Easy access to your Foreign Currency Account via ANZ goMoney, ANZ Internet Banking, ANZ Phone Banking or by visiting any ANZ branch 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. Choose to open a savings, fixed deposit or current account in various currencies. Account. Several foreign currency account types for resident and non-resident. There is no limited withdrawal amount to get the local baht. A larger initial deposit is required. However, if you want to close the account, only you can close the account. You can invest your savings in USD, EUR, GBP, QAR and CHF currencies. KBank is presently improving the system to remove the types of FCD account on documents. 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. 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 Deposit Type The bank can open an FCD account for customer holding Tourist or other types of Visa. 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. USD); but best is to open this in Thailand. You can make all of your foreign currency money transfers with your Foreign Currency Current Account. 2. Flexible placement period, ranging from 1 month to 12 months. Fees and charges. What is the maximum amount I can withdraw from my FCD 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. 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. Debit Cards. 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. If you opened your FCD account at Bangkok Bank’s Headquarters or another branch outside Bangkok that provides Foreign Currency Deposit Services. Bangkok Bank (BBL) has joined hands with Hua Seng Heng Group to open an online gold trading service. Contact us. A Foreign Currency Account is not an account to assist with travel needs. 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