The Canadian/U.S. Share Followers 6. FatVern 65 Posted October 7, 2019. To maintain a quality service, we may monitor or record phone calls. Can I authorize another person to conduct transactions on my behalf? Can I open FCD account using Tourist Visa? Can I deposit and withdraw money from my FCD account in a foreign currency? 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 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. However, I note that the Bangkok Bank does have Foreign Currency Deposit accounts, which seem very simple to open. The threshold for proceeds that do not need to … The unique bank swift codes page helps offshore an homeland companies do euro and dollar business payments and bank transfers using the swift library. The Bank of Thailand on Friday announced new measures to curb the baht's appreciation. 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. 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. Debit Cards. You know that the bank's notes rates and TT rates are not the same? Manage your business transactions in foreign currencies. Copyright © 2018 Bangkok Bank Public Company Limited. 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. Fees and charges. All right reserved. You can choose from 14 major currencies and open a separate account for each one to store, send and receive money. 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. * 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. 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. Deposit or withdraw money at any CommBank branch in Australian dollars, or at certain branches for transactions in foreign cash. 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. 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. 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. 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 first measure allows residents to freely deposit funds in foreign currency deposit (FCD) accounts … 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. For Companies or Juristic Persons Registered in Thailand. What special conditions apply to open a Special Savings Foreign Currency Deposit Account? 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. Required Documents. TD currently offers Canadian personal and business customers several types of foreign currency accounts. Save in foreign currencies and manage foreign income from international trade. 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. This means a foreign currency account can save you up to 75% on the transfer fee compared to a standard SWIFT transfer in THB. such as a lease agreement or apartment sale agreement. 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. FatVern. Can I transfer foreign currency from FCD account into overseas saving 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 No documents required when you withdraw funds or transfer money overseas. 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. The bank can open an FCD account for customer holding Tourist or other types of Visa. For foreigners whose names are not listed in the Company Registration of directors: Beneficiary or shareholders holding more than 25% of company shares. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. Bangkok Bank (BBL) has joined hands with Hua Seng Heng Group to open an online gold trading service. You also need to maintain a monthly average of USD250. 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. Can I withdraw the money from my FCD account in Bangkok Bank’s overseas branches? 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. Not all branches can do it, so I resorted to the head office on Silom road, where proper English is spoken as well. Can I have an ATM card linked with my FCD account? 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. Foreign Currency Deposit Accounts. 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. Save in foreign currencies with no need to immediately convert them to baht. Negative interest will be accrued on the closing credit balance in the currency of the account on a daily basis. 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. Other documents with the customer’s name and address can be used as supporting evidence for opening a bank account. You can invest your savings in USD, EUR, GBP, QAR and CHF currencies. All right reserved. 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. Copyright © 2018 Bangkok Bank Public Company Limited. Bangkok Bank (BBL) Siam Commercial Bank (SCB) Kasikorn Bank (K Bank) Customer Service +95 1 239 9333. 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. 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. I forgot my passbook. 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. At the same time, investors will receive interest from their savings account. Bangkok Bank Limited, Kuala Lumpur Branch opened its door for business on 23 January 1959 offering a full range of commercial banking services. Flexible placement period, ranging from 1 month to 12 months. Foreign currency source, 2. We also offer Letter of Credit services and fast and efficient, Telegraphic Transfer (TT) services. If a shareholder holds more than 25% of company shares, Juristic Persons: List of Shareholders of the relevant juristic persons. 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… Bringing a world of foreign currency banking to your fingertips. Deposit Type Account. Bangkok Bank uses the ‘Buying TT Rate’ for withdrawing the money into local baht with no fees charged. 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. Several foreign currency account types for resident and non-resident. If you withdraw more than 2 million baht, you have to inform the purpose to the bank. Bangkok Bank also offers a special exchange rate for currency exchange between FCD accounts in USD and its baht accounts. 2. 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 Foreign Currency Account number Subscribe to the newsletter. 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. 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). However, the time between the date of issue and the expiry date must not exceed six months. To be able to open this account, you need to come into the bank person, bringing the original NRC card and the currency. USD); but best is to open this in Thailand. The HSBC Currency Account is an easy-to-manage currency holding account, with no monthly account fee. A Foreign Currency Account is not an account to assist with travel needs. Deposit Rates; SMS Alert; K-Payroll Benefits; Card. By mrwebb8825, January 20, 2020 in Jobs, economy, banking, business, investments. The ATM card service for FCD account is not available yet. Make transactions easily – deposits, withdraws, transfers. 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. Minimum placement is RM10,000 in a single receipt for each type of foreign currency. Lines are open Monday to Friday 9am–5pm. 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. 1. 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. Yes. Choose to open a savings, fixed deposit or current account in various currencies. Share Followers 8. To open a Foreign Currency Deposit Account, simply bring the required documents to any Bangkok Bank branch that provides Foreign Currency Deposit service. 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. Protect your business from currency risks. 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. 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). 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. Domestic source of income with encumbrance, 3. Account closing fee: 10 USD/EUR/SGD Please bring along your ID card or passport. Foreign currency source, 2. No exchange rate worries! For non-residents wanting foreign currency savings. A foreign currency account (also known as a multi-currency account) that is often used by businesses. Foreigners make use of a currency exchange booth in Bangkok. The account opening requirement and operations are subject to the guidelines under the Foreign Exchange Adminitration Rules and Bank Negara Malaysia. Domestic source of income with unencumbered. ※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 … The opening of foreign currency saving deposit account cannot be made yet. Domestic source of income with unencumbered. The original documents must be presented to the Bank’s officers. Foreign currency deposit account: usually in USD only for work permit holders. LIST OF INSURED DEPOSITS AS AT 31 MAY 2020* Name of Deposit Type. *Transfer between FCD accounts of the depositor and other persons shall be subject to the criteria prescribed by the Bank of Thailand. You cannot withdraw or deposit foreign notes or coins into a Foreign Currency 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 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. Can I deposit local baht into FCD account? Once you have your USD bank account number you then can transfer money. Can I close my account without a passbook? Head Office: 333 Silom Road, Bangkok 10500 THAILAND . 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. Easy access to your Foreign Currency Account via ANZ goMoney, ANZ Internet Banking, ANZ Phone Banking or by visiting any ANZ branch If you wish to open a business bank account you will be asked to present all the relevant paperwork of your company. Deposit Rates; SMS Alert; K-Payroll Benefits; Card. Account. Bangkok Bank website is best viewed with Google Chrome, Firefox, Safari and Internet Explorer 11 or higher. FCD Account for Non-Residents is Bangkok Bank’s foreign currency deposit service that enables you to deposit foreign currency in 14 main currencies. A larger initial deposit is required. Conveniently and efficiently manage your income and expense in foreign 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. A great choice for many is the multi-currency borderless account from TransferWise. 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). The following are popular banks to consider banking with: Bangkok Bank. You can park your foreign currency in ICICI Bank under RFC (D) account. Can I make a transaction without a passbook? Yes, you can make a transaction without a passbook. What is the maximum amount I can withdraw from my FCD account? In line with RBI guidelines, ICICI Bank has come up with a scheme that helps you get rid of all your forex worries. Bangkok Bank offers currency exchange in bureaux de change, in their stores and online. 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 For Companies or Juristic Persons Registered in Thailand. 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. A cost-effective savings plan to support your living expenses in a foreign currency. Foreign Currency current account is a current account to hold your foreign currencies and manage the foreign exchange risk. 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. 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 make all of your foreign currency money transfers with your Foreign Currency Current Account. TransferWise isn’t a bank — and their borderless account isn’t a bank account. 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. Be a duty stamp of 30 baht for each Type of foreign deposit! You send or receive an international wire with your foreign currency in 14 main.. 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