Foreign currency deposit

Foreign currency deposit

Saving foreign currencies!!
HIGHLIGHT Unique Features
Saving up to 13 foreign currencies.
Convenience for ones who earn income in foreign currencies.
Increase business opportunities and effective cost management.
Receive higher interest rate than saving account in Thai baht.
Prevent risk from currency exchange.

Opening Account
  1. Corporates are able to open an account by choosing preferred type of bank account; saving, fixed and current. For personal and foreigners, see the details.
  2. Transactions must be made at the opening branch only.
  3. Transactions can be made everyday. After 4:00 PM, limited to USD 5,000 per person per transaction.
What you should know
Depositors should follow an exchange rate moment in order to compare between return from exchange and interest rate.
Interest rate and withholding tax
at foreign currency deposit interest rate as announced by the Bank
Interest Received More information
Saving account: Receive interests twice a year (June and December)
Fixed account: Receive an interest at maturity date. An interest rate is according to the date of deposit Withdraw before maturity date will be deducted by 2% from interest rate
Current account: No interest

Withholding tax Rate
Withholding tax Rate More information
1% for Corporate and juristic person Tax exemption if receiving an interest not more than 20,000 baht annually
Tax exemption for foreign government organization

Detail of deposit
Type of Customer Condition Corporate
Foreign currencies earned from overseas Without obligation Unlimited deposit limit (SFCD)
Foreign currencies earned from domestic sources With obligation The deposited amount must not exceed the limit of obligated disbursement (DFCD)
Without obligation USD 5,000,000 or equivalent in other currencies (DSFCD)
Thai Daily deposit not more than 10,000 USD or equivalent in other currencies
Foreign Unlimited deposit limit

Fee Rates
Type of deposit Fee More Information
Foreign currencies earned from overseas Deposit fee at 1%, minimum 500 baht
Withdrawal fee at 0.6% of amount in USD Other currencies 1% at minimum 500 baht
Thai baht Exchange to Foreign Currency, deposit into the account utilizing SELLING T/T exchange rate
  1. No deposit fee
  2. No withdrawal fee to exchange to baht
  3. No Commission in lieu of exchange: 1/4% or minimum at 500 baht on outward T/T but not exceeding deposit amount

Foreign Bank’s Charge

  1. Charge Ben (You do not pay any charge. Receiver receives your payment minus all charges)
    A Swift Charge of 20 USD
  2. Charge Our (All fees will be charged to you as sender. The receiver gets the full amount that you transfer.)
    A Swift Charge is 20 USD
Foreigners must present Work Permit and income statement. Able to buy not more than earned salary
International Money Transfer via Internet by the bank with inbound and outbound transfer advice through e-mail No fee For deposit receiving from domestic sources, the maximum remaining balance per person (including all currencies and all banks) must not exceed the limit specified by the Bank of Thailand

  1. Unstable exchange rate
  2. Employment of T/T Selling rate by the bank in calculating the selling of foreign currency to be deposited in FCD
  3. Employment of T/T Buying rate by the bank in calculating the buying of foreign currency from a customer’s FCD account
Easy to apply
  1. Copy of Company’s Memorandum of Association and Company Regulations
  2. Copy of Company Certificate issued by the Commercial Registration Bureau Ministry of Finance
  3. Copy of Registration Certificate
  4. Copy of Trade Registration
  5. Minutes of Board of Directors meeting stipulating intention to open a bank account including power of attorney and payment condition and certified by authorized person and company seal
  6. List of authorized signatories
  7. Copy of valid National identification smart card
  8. Copy of census registration of authorized signatories
Saving your foreign currencies with Krungthai
  • Open Foreign currencies account at all branches
  • Please contact Nana Nua office (Level 2) for more information
  • (6th floor), Nana Nua Building and other branches