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 12 currencies (1 account per currency)
USD, GBP, EUR, JPY, AUD, CHF, HKD, SGD, NOK, SEK, DKK, CNY
Types of Account :
Minimum Amount of Initial Deposit:
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 FCD Card instead of a passbooks, as evidence of deposit – A copy of passport is required for any Thai Resident depositing foreign banknotes into SFCD 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 of Each Type of Account at the end of each day (Total amount of all currencies from all accounts with all banks per customer)
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 10,000 or its equivalent according to the Bank of Thailand’s regulation