Foreign Currency Deposit

FCD:Account for Resident
Maximum balance	Source of funds	Deposit conditions	Withdrawal conditions
Unlimited	• Source of income abroad • Funds from offshore loans • Receive salary from aboard • Fund transfer received from FCD accounts with a source of income from aboard • Fund transfer received from depositor own FCD account and Other Resident • Funds that residents have purchased/exchanged/borrowed from banks in Thailand.	Deposit conditions • Fund transfer received from overseas • Fund transfer between FCD accounts • Thai Baht is used to buy foreign currency for deposit to FCD account • Loan borrowed from banks in Thailand Supporting documents • No need to submit documents	Withdrawal condition: • For settlement of obligations abroad • For deposit to FCD accounts held by non-residents, including settlement on behalf of a subsidiary abroad • For deposit to other FCD accounts of the same residents and FCD accounts of other residents • For deposit to FCD accounts of banks or businesses relating to foreign means of payment (as the case may be), including settlement on behalf of a subsidiary abroad • For exchange into Thai Baht • For settle foreign currency loan obligations to domestic banks
		Support documents for Deposit	Support documents for withdrawal
		• No need to submit documents	•For settlement of obligations abroad and For deposit to FCD accounts held by non-residents, including settlement on behalf of a subsidiary abroad must present documents required by BOT

FCD:Account for non-resident
Maximum balance	Source of funds	Deposit conditions	Withdrawal conditions
Unlimited	• Source of funds abroad • Funds transfer received from depositor’s own FCD or other non-resident • Funds received from purchase/exchange/ borrowing from banks in Thailand) • Foreign currency funds withdrawn in Thai Baht from NRBA or NRBS for deposit to depositor’s own FCD • Foreign currency funds bought by a non-resident with Thai Baht received from working in Thailand for deposit to depositor’s own FCD)	Deposit conditions • Fund transfer received from overseas • Foreign currency funds bought with Thai Baht for deposit to FCD2 • Fund transfer between FCD accounts of non-resident • Fund transferred from FCD of individual/juristic person registered in Thailand to settle obligations to non-resident	Withdrawal conditions • Withdrawal is allowed In all cases of funds withdrawn and received in foreign currency Supporting documents • No need to submit documents Funds to be received: • To be exchanged into Thai Baht* • For transfer between FCD accounts • For transfer to the offshore. *In case of withdrawal and receiving in Thai Baht can be done under the following limits per the established criteria by BOT: 1. Value Today / Tom not exceeding 200 million baht per non-resident (NR) group of persons/ juristic persons including other transactions to provide Thai Baht liquidity 2. Unlimited for value spots
Not exceeding the obligations of Resident	• Payments received from residents per the established criteria
		Support documents for Deposit	Support documents for withdrawal
		In case of if the Baht is used to buy foreign currencies at the amount equivalent to USD200,000 or more for deposit into FCD accounts, documents showing the sources of the Baht are required, such as salary certification.	• No need to submit documents

Eligibility & Requirements

Companies or Juristic Persons

1. Certified true copy of Company’s Certificate of Incorporation

2. Certified true copy of latest certificate of shareholders List.

3. Certified true copy of Memorandum and Articles of Association.

4. Official Company Search Report issued by the registry in the place of incorporation dated no more than 6 months

or a Certificate of Incumbency or equivalent issued by the company’s registered agent in the place of incorporation dated no more than 6 months

5. Minutes of the meeting resolving for opening of deposit account with a clause defining authorized person’s payment authority and conditions.

6. Power of Attorney authorizing person(s) to act on behalf of the juristic person (If any)

7. Certified true copy of registration of company establishment or registration of amendment and/or special resolution.

8. Certified true copy of Identification Card, Official ID Card, Non-Resident Card, and/or Passport of the following

Person:

•Shareholders holding more than 25% of company shares

•Authorized directors

•Authorized person(s) to sign ordering payment from the account

•Authorized person(s) to make transaction on behalf of the juristic person

•Senior management

•Ultimate beneficiary (if any)

9. Certified true copy of Ownership Chart or comparable documents

10. Certified true copy of certificate of tax registration of the company (If any)

11. Document evidencing commitments (if any) (All documents shall be certified true copy by director(s))

For Companies of Juristic persons Registered Abroad

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. Where available, original documents may also be submitted

For further inquiries, please visit any CIMB THAI Bank branch nationwide or contact the CIMB THAI Care Center, available daily.

Corporate customers may reach us at 02 626 7771 or via email at tbhotline@cimbthai.com

I'm looking for

FOREIGN CURRENCY DEPOSIT

Features & Benefits

Features & Benefits

Details of Accounts to be Opened

Eligibility & Requirements

FOREIGN CURRENCY DEPOSIT

Features & Benefits

Features & Benefits

Details of Accounts to be Opened

Eligibility & Requirements

You are about to leave CIMB THAI official website