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Features & Benefits

Multiple-currency saving choice Reduction of foreign exchange fluctuation risk Safe And Convenient
Multiple-currency saving choice
Reduction of foreign exchange fluctuation risk
Safe And Convenient

Details of Accounts to be Opened


FCD:Account for Resident
Maximum balance Source of funds Deposit conditions      Withdrawal conditions
Unlimite

• 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

 

Funds to be received:

• To be exchanged to Thai Baht

• For transfer to offshore as  the objectives set by BOT

• For transfer between FCD accounts

   

 

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• Foreign currency funds withdrawn in Thai Baht from NRBA or NRBS for deposit to depositor’s own FCD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 

 

 

Notes

Interest rates, fee rates, terms and conditions applicable are subject to the Bank announcements.

Foreign currencies in service

  • US dollar (USD)
  • Euro (EUR)
  • Pound sterling (GBP)
  • Singaporean dollar (SGD)
  • Australian dollar (AUD)
  • Japanese yen (JPY)
  • Malaysian Ringgit (MYR)

Foreign exchange rates applicable

T/T Selling rate is applicable in calculation of foreign currency rate selling to customers for deposit to FCD account of customer.

T/T Buying rate is applicable in calculation of foreign currency rate buying from FCD account of customer.

Benefits

Foreign exchange fluctuation risk is lessened due to efficient control of foreign exchange related costs.

FCD interest tax

The same criteria as Baht deposit interest tax

- Individuals: 15% tax rate

- Juristic persons:  1% tax rate

Additional information

Click here  For deposit and withdrawal fee rates applicable to FCD account

Interest rates

Click here For FCD interest rates

Account opening evidence documents

Thai individual

Personal ID card/other officially issued card bearing ID number and photo

House registration (in case of no residential information in the ID card)

Non-Thai individual

Passport

Other documents as required by the Bank

Branches in service

CIMB Thai branches nationwide. For more information, please call 02-626-7777