Foreign currency deposit

Saving foreign currencies!!

HIGHLIGHT

Saving up to 11 foreign currencies

USD, GBP, EUR, JPY, SGD, CHF, AUD, NZD, HKD, CAD and CNY

Convenience for ones who earn income in foreign currencies

Increase business opportunities and effective cost management

Opening Account

Personal and foreigners are able to open an account.

By choosing preferred type of bank
account; saving, fixed and current

Easy to apply

Transactions must be made at the opening branch only.

Find the nearest branch

Update every moment

Depositors should follow an exchange rate moment in order to compare between return from exchange and interest rate.

See Currency Exchange Rates

INTEREST RATES

Interest Received	More information
Saving account: Receive interests twice a year (June and December)
Fixed account: Receive an interest at maturity date. An interest rate is according to the date of deposit	Withdraw before maturity date will be deducted by 2% from interest rate
Current account: No interest

Interest Received

Saving account

Receive interests twice a year (June and December)

Fixed account

Receive an interest at maturity date. An interest rate is according to the date of deposit
Withdraw before maturity date will be deducted by 2% from interest rate

Current account

No interest

Foreign currency deposit interest rate as announced by the Bank

Withholding tax Rate

Withholding tax Rate	More information
15% for Personal and Individual	Tax exemption if receiving an interest not more than 20,000 baht annually

Product Details and Conditions

Detail of deposit

Type of Customer	Condition	Personal
Foreign currencies earned from overseas	Without obligation	Unlimited deposit limit (SFCD)
Foreign currencies earned from domestic sources	With obligation	The deposited amount must not exceed the limit of obligated disbursement (DFCD)
	Without obligation	USD 5,000,000 or equivalent in other currencies (DSFCD)
	Thais	Daily deposit not more than 10,000 USD or equivalent in other currencies
	Foreigners	Unlimited deposit limit

Condition	Personal
Foreign currencies earned from overseas
Without obligation	Unlimited deposit limit (SFCD)
Foreign currencies earned from domestic sources
With obligation	The deposited amount must not exceed the limit of obligated disbursement (DFCD)
Without obligation	USD 5,000,000 or equivalent in other currencies (DSFCD)
Thais	Daily deposit not more than 10,000 USD or equivalent in other currencies
Foreigners	Unlimited deposit limit

Fee Rates

Type of deposit	Fee	More Information
Foreign currencies earned from overseas	Deposit fee at 1%, minimum 500 baht
	Withdrawal fee at 0.6% of amount in USD	Other currencies 1% at minimum 500 baht
Thai baht Exchange to Foreign Currency, deposit into the account utilizing SELLING T/T exchange rate	No deposit fee No withdrawal fee to exchange to baht No Commission in lieu of exchange: 1/4% or minimum at 500 baht on outward T/T but not exceeding deposit amount	Foreign Bank’s Charge Charge Ben (You do not pay any charge. Receiver receives your payment minus all charges) A Swift Charge of 20 USD Charge Our (All fees will be charged to you as sender. The receiver gets the full amount that you transfer.) A Swift Charge is 20 USD
Foreigners must present Work Permit and income statement. Able to buy not more than earned salary
International Money Transfer via Internet by the bank with inbound and outbound transfer advice through e-mail	No fee	For deposit receiving from domestic sources, the maximum remaining balance per person (including all currencies and all banks) must not exceed the limit specified by the Bank of Thailand

Fee	More Information
Foreign currencies earned from overseas
Deposit fee at 1%, minimum 500 baht
Withdrawal fee at 0.6% of amount in USD	Other currencies 1% at minimum 500 baht
- Thai baht Exchange to Foreign Currency, deposit into the account utilizing SELLING T/T exchange rate - Foreigners must present Work Permit and income statement. Able to buy not more than earned salary
No deposit fee No withdrawal fee to exchange to baht No Commission in lieu of exchange: 1/4% or minimum at 500 baht on outward T/T but not exceeding deposit amount	Foreign Bank’s Charge Charge Ben (You do not pay any charge. Receiver receives your payment minus all charges) A Swift Charge of 20 USD Charge Our (All fees will be charged to you as sender. The receiver gets the full amount that you transfer.) A Swift Charge is 20 USD
International Money Transfer via Internet by the bank with inbound and outbound transfer advice through e-mail
No fee	For deposit receiving from domestic sources, the maximum remaining balance per person (including all currencies and all banks) must not exceed the limit specified by the Bank of Thailand

Risk

Unstable exchange rate
Employment of T/T Selling rate by the bank in calculating the selling of foreign currency to be deposited in FCD
Employment of T/T Buying rate by the bank in calculating the buying of foreign currency from a customer’s FCD account

Easy to apply

Copy of Company’s Memorandum of Association and Company Regulations
Copy of Company Certificate issued by the Commercial Registration Bureau Ministry of Finance
Copy of Registration Certificate
Copy of Trade Registration
Minutes of Board of Directors meeting stipulating intention to open a bank account including power of attorney and payment condition and certified by authorized person and company seal
List of authorized signatories
Copy of valid National identification smart card
Copy of census registration of authorized signatories

Saving your foreign currencies with Krungthai

Open Foreign currencies account at all branches
Please contact Nana Nua office (Level 2) for more information
(6th floor), Nana Nua Building and other branches

Find a branch/phone number near you