• Foreign Currency Account

Multiple Currencies
Saving Account

This product offers 6 foreign currencies besides THB

Reduction of foreign exchange fluctuation risk

For individuals and juristic
persons having foreign
currency expenses

Safe and convenient
 

Unlimited deposit -
withdrawal, and easy
transfer of money to
overseas

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 FCD
• Foreign currency loans from domestic banks
• Payments received from Thai individuals/juristic persons
• Foreign currency funds withdrawn in Thai Baht from non-resident Baht account for deposit to depositor’s own FCD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
• Foreign currency banknotes
• Fund transfer received from overseas
• Foreign currency funds bought with Thai Baht for deposit to FCD*
• Fund transfer between FCD accounts*
• 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 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• Withdrawal is allowed In all cases of funds withdrawn and received in foreign currency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:
• In foreign currency banknotes
• In form of overseas draft
• 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
• Fund transfer received from FCD accounts*
• Foreign currency banknotes
• Fund transfer received from overseas
• Fund transfer between FCD accounts
• No Thai Baht is allowed to buy foreign currency for deposit to FCD accoun
• 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:
• In foreign currency banknotes
• In form of overseas draft
• 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
• Foreign currency banknotes
• 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
• 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 Outstanding balance of all foreign currencies not exceeding USD 5,000,000 or the equivalent

1. *Transfer between FCD accounts of the depositor and other persons shall be subject to the criteria prescribed by 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. Foreign currency banknotes can be deposited at not exceeding USD 10,000 or the equivalent per day per person.

4. Funds withdrawn and received in foreign currency banknotes shall only be used for settling payment obligations overseas or travelling expenses.

5. 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)

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

  • FCD interest rate is higher than Baht deposit interest rate.
  • 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

 

Call Us
CIMB THAI Care Center
0 2626 7777