Key Benefits
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
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% ofthe 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.
Download Document
FAQs
(Withdrawal fee rate varies between 0.25% - 1.25% of a withdrawal amount.)
- 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.
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
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)
However, the users are still unable to transfer funds from Special Savings Foreign Currency Deposit Accounts into overseas account via Bualuang iBanking Service.
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.
