Why Bangkok Bank

No Exchange Rate Worries

Be more confident about future overseas expenses that need to be paid in a foreign currency such as tuition fees abroad, living expenses, products and services

Wait for the Right Price

Purchase and deposit foreign currencies when the exchange rate is favorable to pay for future expenses in a foreign currency

Waiver of Withdrawal Fees

Withdrawal fees are waived when withdrawing money to make overseas funds transfers or purchasing foreign drafts but service fees for overseas funds transfers or draft purchases still apply

Convenient

24/7 access to your account online via Bualuang iBanking to view account balances and transfer funds into your local baht account.

Qualifications and Documents for Opening an Account

Open an Account

For Thai customers who open a new saving account; the deposit can be in 16 major currencies. The deposit must be made by buying the foreign currency with baht, then depositing it into the account and the withdrawal fee is waived.*


To transfer overseas or receive a foreign draft the bank charges only the overseas transfer fee or foreign draft fee.  


Customers can choose to deposit money into any account in any local bank up to a maximum of USD5 million** when making a deposit without showing documents of expenses in a foreign currency or choosing to deposit the money in the amount as shown in the future foreign currency document of expense.


To open an account you need a minimum first deposit of USD1,000 or the equivalent. You also need to maintain a monthly average account balance of USD250. The bank will charge USD10 if your account balance drops under USD250. (Other service conditions apply to SFCD account for Thai nationals)

Note:
* Withdrawal fee varies between 0.25% - 1.25% of
the withdrawal amount.
** For 
the initial deposit amount, please see the Conditions and Fees of FCD account services.  


The Special Savings Foreign Currency Deposit Account is not only easy for overseas tuition fees but clients can save money for other foreign expenses such as sending money to relatives overseas, buying products or making service payments.


To open the account, simply bring documents for opening an account to any branch nationwide that provides a Foreign Currency Deposit Service.
Documents Required for Opening the Account

ID card or another photo ID card issued by the government

Download Document

Deposit and Withdrawal Fees for Foreign Currency Deposit Account Services
Conditions and Fees on Provision of Foreign Currency Deposit Account Services

FAQs

What is Special Saving Foreign Currency Deposit Account?
A Special Savings Foreign Currency Deposit Account is designed for Thai people who wish to save in a foreign currency for future overseas payments, such as for education expenses or other funds transfers. Customers can avoid fluctuating exchange rate which may cause customers to spend more than expected.
What makes the Special Savings Foreign Currency Deposit Account different to the regular Foreign Currency Deposit Account?
Unlike the regular account, withdrawal fees (Commission in lieu of exchange) are waived if you withdraw money from the account and then transfer funds overseas or purchase a draft. The bank will only charge service fees for the overseas funds transfer (400 baht or 1,150 baht excepts YEN and HKD) or draft purchase fee (400-700 baht and a 3 baht stamp duty)

(Withdrawal fee rate varies between 0.25% - 1.25% of a withdrawal amount.)
Who can open a Special Savings Foreign Currency Deposit  Account?
Thai citizens who want to save money in foreign currency to pay bills overseas in foreign currency such as education expenses, products, and services etc. 
What do I need to do to open a Special Savings Foreign Currency Deposit Account?
Simply bring your ID Card or Government Official ID Card to open the account at any Bangkok Bank branch providing FCD services.
What special conditions apply to open a Special Savings Foreign Currency Deposit Account?
  • You need to open an account with a minimum first deposit of USD1,000 or the equivalent. You also need to maintain a monthly average of USD250. The bank will charge USD10 if your account balance drops under USD250.You can only convert local baht into foreign currency with the bank and deposit into the account.
  • You can deposit up to USD5 million or the equivalent in such country in the case of deposit without evidence for the overseas expenses or the amount in overseas expenses letter.
What rate does the bank use when exchanging Baht into the foreign currency to be deposited into the Special Savings Foreign Currency Deposit Account?
The bank uses its "Selling Rates TT" to convert Thai Bt into foreign currency for a special foreign currency deposit account. This rate is the same rate used for overseas funds transfers and is better than the "Selling Rates Note". 
Will I receive any interest from a Special Savings Foreign Currency Deposit Account?

The bank pays interest for some currencies at the same rate as normal Savings Foreign Currency Deposit Account.


See the interest rates for FCD accounts
Can I withdraw Baht from a Special Savings Foreign Currency Deposit Account? Is there a fee?
You can withdraw Baht from a Special Savings Foreign Currency Deposit Account "Buying Rates TT" rate (the same as for a regular Foreign Currency Deposit Account). The bank does not charge any fee. 
Can I withdraw foreign banknotes from a Special Savings Foreign Currency Deposit Account? Is there a fee?

You can withdraw foreign banknotes from a Special Savings Foreign Currency Deposit Account (the same as for a regular Foreign Currency Deposit Account). The Special Savings Foreign Currency Deposit Account applies the same fees as a regular Foreign Currency Deposit Account as following:

  • 1 % of withdrawal money for USD (minimum at 500 baht)
  • 2% of withdrawal money for another currency (minimum at 500 baht) 
Can I make the transactions with my Special Savings Foreign Currency Deposit  Account online? 
You can make the transactions with your Special Savings Foreign Currency Deposit Account via Bualuang iBanking Service, such as, checking account balance and account statement for two previous months, transferring funds from your SFCD account into your local baht account.

However, the users are still unable to transfer funds from Special Savings Foreign Currency Deposit Accounts into overseas account via Bualuang iBanking Service.
Can I open a Special Savings Foreign Currency Deposit  Account for other purposes?
You can open a special savings foreign currency deposit account. The purpose is to save money abroad for study abroad such as sending money to relatives abroad. Or to pay for goods and services.
If my child has not yet started their overseas education, can I open a Special Savings Foreign Currency Deposit Account in preparation for their education? Does the account name need to be in my child’s name?
You can open a Special Savings Foreign Currency Deposit Account even if your child has not started their overseas education for saving your money overseas in advance on the favorable exchange rate. You can open the account in either your own name or in your child’s name.
Can I open a Special Savings Foreign Currency Deposit Account as a fixed deposit?
The bank provides the Special Savings Foreign Currency Deposit  Account as a savings deposit only.
Can I deposit foreign banknotes into Special Savings Foreign Currency Deposit  Account?
The bank provides the Special Savings Foreign Currency Deposit  Account for exchanging local baht to foreign currency only. 
How long will Special Savings Foreign Currency Deposit  Account be available?
The availability of Special Savings Foreign Currency Deposit Account  service is the same as FCD service which has no expiry date.
Can I change my FCD account to Special Savings Foreign Currency Deposit  Account?
You cannot change the type of your current account to Special Savings Foreign Currency Deposit  Account, anyway you can open new Special Savings Foreign Currency Deposit  Account instead.
Where can I transfer and withdraw the money?
If you opened your FCD account at Bangkok Bank’s Headquarters or another branch outside Bangkok that provides Foreign Currency Deposit Services. However, if you opened your FCD account at Foreign Department in Bangkok Bank in Bangkok and surrounding provinces, you can deposit and withdraw the money from the branch you opened your account only.

Choose the FCD Account That Suits You

Special FCD Account

Manage foreign currency received from overseas by saving funds in the account and exchange into Baht at the time of your preferred currency exchange rate.

Domestic Special FCD and Domestic FCD

Conveniently and efficiently manage your income and expense in foreign currency

FCD Account for Non-Residents

Savings account for foreign currency without exchanging into baht right away, efficiently helping you manage the risk of currency exchanging

TOOLS & ASSISTANCE

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TOOLS & ASSISTANCE

We are ready to help you.