Foreign Currency Deposit

Minimize... risk over exchange rate fluctuation
Maximize... flexibility in managing foreign currencies
Increase... value of your money with an attractive interest rate

Foreign Currency Deposit Account(FCD Account)
  • To mitigate risk exposure of import and export businesses from fluctuations in exchange rates
  • To facilitate foreign currency management for  international businesses
  • To expand investment alternatives with yields from exchange rates and interest rates
  • To reserve fund for future payments in foreign currencies such as payment for goods, services or overseas tuition fees, etc.

Available up to 12 currencies (1 account per currency)
USD, GBP, EUR, JPY, AUD, CHF, HKD, SGD, NOK, SEK, BKK, CNY

Types of Account :
 
Type of FCD Account and Customer Purpose of Deposit Source of fund FCD – ATM Card
Foreign Currency Deposit
(FCD)
  • Foreign Individual (Non – Thai Resident)
Savings/capital fund of
Foreign Deposit
Funds from abroad/Foreign Banknotes
/THB Currency
Available
  • Foreign Juristic Person (Non – Thai Resident)
Not Available
Special Foreign Currency Deposit
(SFCD)
  • Thai/Alien (Thai Resident)
Savings/capital fund of
International Businesses
Funds from abroad/
Foreign Banknotes
Available
  • Thai/Alien Juristic Person (Thai Resident)
Not Available
Domestic Funds – Foreign Currency Deposit
(DFCD)
  • Thai  Resident
Savings/capital fund of International Businesses. The deposit must be supported by evidence of obligations THB Currency/ Foreign Banknotes Not Available
  • Thai/Allen Juristic Person (Thai  Resident)
Not Available
Domestic Funds – special Foreign Currency Deposit
(DSFCD)
  • Thai  Resident
Savings/Deposit Investment
THB Currency/ Foreign Banknotes Available
  • Thai/Allen Juristic Person (Thai  Resident)
Not Available

Minimum Amount of Initial Deposit:
 
Deposit Account Type
Amount in USD or the equivalent in other currencies
Minimum Amount of Initial Deposit  Minimum average monthly balance*
Current (non - cheque) 2,000 500  
Savings(Individual) 500 500
Saving(Juristic Person) 5,000 5,000
Time Deposit (Month) 5,000 Amount of each deposit shall not be less than USD 2,000 or the equivalent 
Time Deposit (Day) Individual 500,000 Amount of each deposit shall not be less than the initial deposit 
Juristic Person 3,000,000 Amount of each deposit shall not be less than the initial deposit

Remarks* -Accounts of foreign customers with a remaining balance lower than the Bank’s requirement and having been inactive for 90 consecutive days are subject to an account maintenance fee of 10 USD or the equivalent, as specified by the Bank. per month (Thai Resident are not subject to the remaining balance requirement and account maintenance fee) –The deposit system will automatically close accounts of foreign customers with a remaining balance being nil (0.00) for  365 consecutive says without prior notice – Holders of FCD accounts which are savings/current accounts will be given an FCD Card instead of a passbooks, as evidence of deposit – A copy of passport is required for any Thai Resident depositing foreign banknotes into SFCD accounts of withdrawing funds in foreign banknotes from any account types – Requirements pertaining to the minimum initial deposit amount, the minimum average monthly balance and other conditions, are subject to changes in accordance with the Bank’s announcement.

Maximum Balance of Each Type of Account at the end of each day (Total amount of all currencies from all accounts with all banks per customer)
 
Type of Account Maximum Balance (in USD or the equivalent in other currencies based on the Bank’s rates)
Non Thai Resident Thai Resident
Foreign Individual Foreign Juristic Person Individual Juristic Person
FCD Unlimited Unlimited - -
SFCD - - Unlimited Unlimited
DFCD - - The outstanding balance of deposits shall not exceed the obligation amount as per the supporting evidence  The outstanding balance of deposits shall not exceed the obligation amount as per the supporting evidence
DSFCD - - 5,000,000 5,000,000
Remark*- The maximum balance applicable to each account type is subject to change as per the Bank of Thailand’s rules and regulations

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