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‘Domestic Funds’ means the money obtained from sources inside the country such as baht exchanged for foreign currencies, savings in foreign currencies, offshore loans, etc. |
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Account Types |
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Customers have the option of choosing a savings or fixed deposit account (1, 3, 6, 9 or 12 months).
- Domestic Fund Foreign Currency Deposit Account: DFCD
For customers who have payment obligations in a foreign currency due within 12 months. Customers are required to present documents outlining payment obligations when they make a foreign currency deposit. For individuals, the combined outstanding balances in all currencies, all accounts and at all banks must not exceed US$500,000 or the equivalent in other currencies. For juristic persons, the combined outstanding balances in all currencies, all accounts and at all banks must not exceed US$50.0 million or the equivalent in other currencies.
- Domestic Fund Special Foreign Currency Deposit: DSFCD
For customers who do not have payment obligations in a foreign currency. For individuals, the combined outstanding balances in all currencies, all accounts and at all banks must not exceed US$50,000 or the equivalent in other currencies. For juristic persons, the combined outstanding balances in all currencies, all accounts and at all banks must not exceed US$200,000 or the equivalent in other currencies.
Remark: Payment obligations means documents notifying payments due within 12 months such as invoices or bills for collection from overseas, offshore loan agreements, documents showing your child’s education abroad, etc. |
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Service |
Savings Deposit Account |
Fixed Deposit Account |
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Minimum Deposit |
US$5,000 or the equivalent in other currencies |
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Interest Payment |
• Paid twice a year in June and December at the daily rate quoted
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• Paid at maturity (1, 3, 6, 9 or 12 months) at the daily rate quoted on the deposit is made |
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Withholding Tax Payment |
• 15% for individuals*
• 1% for juristic persons *
*Tax is exempt if interest earned does not exceed Bt 10,000 or Bt 20,000 and the Tax ID is presented to the bank. |
• 15% for individuals
• 1% for juristic persons
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Deposit Methods |
• Foreign Banknotes
• Cheques and Drafts
• Travelers’ Cheques
• Inward Remittance via SWIFT or Telex
• Outward Bills for Collection (payment is already made)
• Baht exchanged for foreign currencies |
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Withdrawal Methods |
• Foreign Banknotes
• Cheques and Drafts
• Travelers’ Cheques
• Outward Remittance via SWIFT or Telex
• Inward Bills for Collection
• Baht Banknotes |
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Overdraft Facilities |
Not permitted |
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Minimum Balance Requirement |
US$5,000 or the equivalent in other currencies |
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US$10 or the equivalent in other currencies will be charged to the account when the average daily credit balance for each month falls below the minimum balance requirement. |
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Remark: Bangkok Bank reserves the right to change these terms and conditions without notice. Customers are advised to check all terms and conditions before using the service. | |
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Deposits
- Deposits can be made only at the branch where the account was opened.
- For US dollar accounts, only $50 and $100 banknotes can be deposited in the account.
- Under The Bank of Thailand regulations, the daily limit of deposits in foreign banknotes is US$10,000 or the equivalent in other currencies.
- To make deposits other than foreign banknotes in amounts of US$20,000 or more, or the equivalent in other currencies, customers must complete a Foreign Exchange Transaction Form.
Withdrawals
- Withdrawals can be made only at the branch where the account was opened.
- For withdrawals in foreign banknotes, customers must notify the bank in advance.
- Withdrawals in foreign banknotes and traveler’s cheques are not provided at provincial branches.
- If funds are withdrawn from fixed deposit accounts with maturities of 6, 9 and 12 months prior to the date of maturity, but after three months, interest earned will be adjusted to the foreign currency savings deposit rate.
- In accordance with The Bank of Thailand regulations, customers making withdrawals in foreign currencies from foreign currency deposit accounts are required to present documents outlining their payment obligations e.g. invoices, offshore loan agreements, etc.
- For any withdrawals of US$20,000 or more, or the equivalent in other currencies, customers must complete a Foreign Exchange Transaction Form.
Transfer
- Transfers can be made in circumstances where the accounts are opened under the same account owner’s name and for affiliate businesses only.
- To make transfers from a special foreign currency deposit account to a foreign currency deposit account, customers must present documents outlining payment obligations which are due within 12 months.
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