DCA - A Smart Technique for Mutual Funds Investment

Dollar Cost Averaging: DCA

You can purchase investment units of mutual funds using the Dollar Cost Averaging (DCA) service which deducts regular amounts from your deposit or credit card accounts.

Benefits

  • Be disciplined in your investment savings
  • Make regular investments on a consistent basis
  • Reduce the average cost of investment units purchased
  • No need to monitor unpredictable and volatile markets


How to apply


You can apply for the DCA service at any Bangkok Bank branch. Bring along these required documents:

  • Citizen ID Card
  • Mutual Fund Passbook
  • Savings Account Passbook or Bangkok Bank Credit Card 

Then select the mutual funds you want to invest in and the date for debit payments.

Remarks:

  • If the date set for direct debit from deposit/credit card accounts or the service termination date falls on a non-working or non-trading day, the Bank will deduct money from a deposit/credit card account to buy investment units on the next trading day.
  • If the date set for direct debit from a deposit/credit card account or the service termination date falls on a day that does not exist in some months, for example the 31st, the Bank will deduct money from a deposit/credit card account to buy investment units on the last trading day of the month.
  • If the date set for direct debit from a deposit/credit card account or the service termination date falls on the last day of the month which is also a holiday, for example December 31st, the Bank will deduct money from a deposit/credit card account to buy investment units on the last trading day of the month.
  • Direct debit from a credit card account can only be used for investment in RMF/SSF.
  • Investors using credit cards to pay for investment units of RMF/SSF will not receive Bualuang Thank You Rewards points or cash back.
  • Bangkok Bank credit cardholders can pay for investment units of SSF up to 200,000 baht/year/person, RMF up to 500,000 baht/year/person, or SSF combined with RMF up to 500,000 baht/year/person. The credit cardholder and mutual fund investor must be the same person.
  • Any Bangkok Bank credit card is accepted (except Bangkok Bank American Express credit card, Purchasing credit card, Corporate credit card, and Bangkok Bank UnionPay credit card).




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