Benefits of the service

• You no longer need to visit the bank branch to cash or send your US Treasury or company issued cheques for collection.
• It eliminates the risk of losing pay cheques.
• You can receive funds faster.
• Your funds will be converted to Thai Baht using the rate receiving electronic funds transfers (Buying TT rate) which is better than the rate for buying foreign cheques (Buying sight bill rate).

How to apply for the Direct Deposit Service

     If you are receiving payments from a US government agency:

1. Download the 'Direct Deposit Sign-up Form (SF1199A)' from the website www.socialsecurity.gov/online. Complete the form to sign up for Direct Deposit with your relevant US government agency.
2. Open a savings account at any Bangkok Bank branch (except micro branches). If you already have an account with Bangkok Bank, you can use your existing bank account for this service. Complete a 'Direct Deposit Service Application' form.
3. Submit all forms to Bangkok Bank with the following supporting documents:
      - Identification Card/Government Official ID Card/Passport together with a customer identification document such as your Social Security Card, Annuitant ID Card etc.
      - A document from the relevant agency giving evidence of your right to receive the payments.
4. After verifying your documents, Bangkok Bank will submit your application to the government agency asking them to approve your request for receiving the funds via Direct Deposit.
5. After the request to receive Direct Deposit is approved by the government agency, your welfare payment will be electronically deposited directly to your Bangkok Bank account.

Important Note

If you use a direct deposit service to receive funds from a US Government Agency, you must appear in person at a Bangkok Bank branch to withdraw the funds.

In compliance with US regulations, Bangkok Bank cannot authorize the withdrawal of funds from your direct deposit account by an appointed representative, or via ATM or any other electronic channel. You must appear in person at a Bangkok Bank branch to withdraw the funds. You can, however, open a normal savings or current account and transfer the funds from your direct deposit account to this account. You may then withdraw your funds as usual via ATM or any other electronic channel.

     If you are receiving payments from private organizations:

1. Request the 'Authorization Agreement for Automatic Deposits (ACH Credits)' form or Direct Deposit form from the private organization that you are receiving payments from. Complete the form to request the Direct Deposit service.
2. Open a savings account at any branch of Bangkok Bank in Thailand. If you already have an account with Bangkok Bank, you can use your existing bank account for this service.
3. Submit the form with the required information for account opening and the following supporting documents:
      - Identity Card/Government Official ID Card/Passport together with a customer identification document such as your Social Security Card, Annuitant ID Card etc.
      - A letter from the department authorized to make payments, as evidence of your right to receive the payments from the company.
4. After verifying your documents, Bangkok Bank will sign your 'Authorization Agreement for Automatic Deposit form (ACH Credits)' or Direct Deposit form and return the original form for you to mail to the US company asking them to approve the request and initiate direct deposits into your account.
5. After the request to receive direct deposits is approved, your payments will be electronically deposited directly to your Bangkok Bank account.
   
   (If you are a Bangkok Bank customer residing in the US you can submit your application form and supporting documents to Bangkok Bank’s New York branch: 29 Broadway, 20th Fl New York 10006 United States, Tel: (1-212) 422-8200)