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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

Eligibility & Requirements

Details of Accounts to be Opened
Account Type Maximum Balance Source of Funds Deposit Conditions Documents Required Withdrawal Conditions
FCD:Account with foreign income source
(For non-resident)
Unlimited • Source of funds abroad
• Funds transfer received from depositor’s own FCD or other non-resident
• Foreign currency loans from domestic banks
• Payments received from Thai individuals/juristic persons follow BOT regulation
• Foreign currency funds withdrawn in Thai Baht from non-resident Baht account
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

• Fund transfer received from overseas
• Foreign currency funds bought with Thai Baht for deposit to FCD*
• 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

 

 

 

 

 

 

 

• In case of buying foreign currency with Thai Baht worth USD 50,000 or more or the equivalent for deposit to FCD,
documents required are those showing source of Thai Baht, e.g. salary certification letter, etc.

 

 

 

 

 

 

 

 

 

 

 

• Withdrawal is allowed In all cases of funds withdrawn and received in foreign currency

Funds to be received:
• To be exchanged to Thai Baht
• For transfer between FCD accounts*

 

 

 

 

 

 

 

 

 

 

SFCD: Account with foreign income source
(For resident)
• 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 FCD account*
• Fund transfer received from overseas
• Fund transfer between FCD accounts
• No Thai Baht is allowed to buy foreign currency for deposit to FCD account

• Documents required to show funds deposited come from overseas

 

 

 

 

 

Withdrawal is allowed with documents presented according to purpose specified such as:

• Withdrawal to settle obligations to person overseas
• Withdrawal for deposit to depositor’s other FCD account
• Withdrawal for exchange to Thai Baht
• Withdrawal to settle foreign currency loan obligations to domestic banks

Funds to be received shall be:
• To be exchanged for Thai Baht
• For transfer between FCD accounts*
• For transfer to overseas based on objectives specified by BOT
DFCD: Account with domestic source of
income having obligations (For resident)
Unlimited
(according to presented evidence of obligations)
• Source of income abroad
• Fund transfer received from FCD account*
• Foreign currency funds bought with Thai Baht for deposit to account or borrowed
from banks in Thailand
• Fund transfer received from overseas
• Fund transfer between FCD accounts
• Thai Baht is used to buy foreign currency for deposit to FCD account
• Evidences of foreign currency payment obligations to person overseas or to banks in
Thailand or on objectives specified by BOT
• Additional evidence of business affiliation in case of obligations of affiliated company
• Statement of deposit balance in foreign currency bought for deposit with obligations
DSFCD: Account with domestic source of
income having no obligations (For resident)
Statement of deposit balance in foreign currency
bought for deposit without obligations not over
than 5,000,000 USD or equivalent
(in case of other currency)
Outstanding balance of all foreign currencies not exceeding USD 5,000,000 or the equivalent

Notes

1. Transactions with foreign currency deposit (FCD) accounts, e.g. deposit, withdrawal and transfer, shall be subject to the relevant criteria of the Bank of Thailand.

2. 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. Interest rates, fee rates, terms and conditions applicable are as announced by the Bank.

 

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 selling for deposit to the customer’s FCD account.

  • T/T Buying rate is applicable in calculation of foreign currency buying from the customer’s FCD account.

Click here for FCD FX rates

 

FCD interest tax

The same criteria as baht deposit interest tax:

  • Thai Individuals: 15% tax rate

  • Thai Juristic persons:  1% tax rate

 

Interest rates

Click here for FCD interest rates

 

Evidence documents for FCD account opening

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

 

Additional details

Click here For FCD account deposit and withdrawal fee rates

                  Fee rates for fund transfer to and from overseas

                  Fee rates for unused foreign currencies

                  Other fees (if any) 

 

Branches in service

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