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 14 currencies (1 account per currency)
USD/GBP/EUR/JPY/AUD/CHF/HKD/SGD/NOK/SEK/DKK/CNY/MYR*/IDR*
* For accounts participating in the Appointed Cross Currency Dealer (ACCD) program only.

Types of Account :

Type of FCD Account and Customer		Purpose of Deposit	Source of fund	FCD – ATM Card
Foreign Currency Deposit for Foreigner	Foreign Individual (Non – Thai Resident)	Savings/capital fund of Foreign Deposit	Funds from abroad/Foreign Banknotes /THB Currency	Available
Foreign Currency Deposit for Foreigner	Foreign Juristic Person (Non – Thai Resident)	Savings/capital fund of Foreign Deposit	Funds from abroad/Foreign Banknotes /THB Currency	Not Available
Foreign Currency Deposit for Thai	Thai Resident	Savings/capital fund of International Businesses	Funds from abroad/Foreign Banknotes /THB Currency	Available
Foreign Currency Deposit for Thai	Juristic Person (Thai Resident)	Savings/capital fund of International Businesses	Funds from abroad/Foreign Banknotes /THB Currency	Not Available

Minimum Amount of Initial Deposit:

Deposit Account Type	Amount in USD or the equivalent in other currencies
Deposit Account Type	Minimum Amount of Initial Deposit	Minimum average monthly balance* (for Foreigner only)
Current (non - cheque) -Individual	USD 100	USD 500
Current (non - cheque) -Juristic Person	USD 500	USD 500
Savings - Individual	USD 100	USD 500
Saving - Juristic Person	USD 500	USD 5,000
Time Deposit (Odd tenor/Month) - Individual	USD 100	-
Time Deposit (Odd tenor/Month) - Juristic	USD 500	-

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 Card instead of a passbooks, as evidence of deposit
A copy of passport is required for any Thai Resident depositing foreign banknotes into FCD for Thai 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

Type of Account	Maximum Balance
	Non Thai Resident		Thai Resident
	Foreign Individual	Foreign Juristic Person	Individual	Juristic Person
Foreign Currency Deposit for Foreigner	Unlimited	Unlimited	-	-
Foreign Currency Deposit for Thai	-	-	Unlimited	Unlimited

Remarks

The maximum balance applicable to each account type is subject to change as per the Bank of Thailand’s rules and regulations
Banknote deposit and withdrawal must be supported by evidence as prescribed by the Bank of Thailand
For deposits in foreign banknotes, the daily aggregate amount of deposits in all currencies, accounts and all Banks in Thailand for one Thai Resident shall not exceed USD 15,000 or its equivalent according to the Bank of Thailand’s regulation

Detail

For Individual
Thai Resident:

National ID Card/Alien ID card/other cards with citizen ID numbers and photo issued by government agencies
Evidence of residence (of the ID card does not include residential information or the individual is an alien)

Non Thai Resident:
Passport and other ID document issued by the Thai government or the government agency of the customer’s citizenship can be used instead, depending on the purpose of entry into Thailand.

For Juristic Person

Thai/Alien and Foreign juristic person in general shall provide a certificate of incorporation in the same manner as for the opening of a current account in Thai Baht
Embassies/United Nations specialized agencies (international organizations) shall submit a letter of intent to open an account in the name of the agencies together with identity documents of the head of the agencies and persons involved with the account

The Card that allows you to withdraw cash in Thai Baht from a Foreign Currency Deposit Account at any Krungsri ATMs nationwide. Simply open a Foreign Currency Deposit Account with Bank of Ayudhya and apply for an Krungsri FCD Chip Card* to enjoy the convenience of cash withdrawals in Thai Baht, fund transfers between accounts within Bank of Ayudhya and balance inquiries

Transactions via Krungsri ATMs

Cash withdrawals in Thai Baht : Real Time T/T Buying Rate will be applied (Maximum of THB 20,000. - per transaction THB 100,000.- per day/up to 10 times per day)
Fund Transfers between Thai Baht accounts within Bank of Ayudhya (Maximum of THB 150,000.- per day)
Balance enquiry (up to 5 times per day)
Change PIN number
No fee for withdrawals or fund transfers of Thai Baht within the same Clearing house.

Remarks*