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)
* 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.
To open the account, simply bring documents for opening an account to any branch nationwide that provides a Foreign Currency Deposit Service.
ID card or another photo ID card issued by the government
The bank pays interest for some currencies at the same rate as normal Savings Foreign Currency Deposit Account.
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: