Type of deposit

1. Savings with Passbook

- Passbook in Thai Baht for minimum amounts of THB 10,000
or in Foreign Currencies for minimum amounts of USD 10,000 or equivalent

Characteristics of Service

Customers can deposit or withdraw their deposit at any time.
Interest will be calculated on a daily basis and transferred to customers’ accounts every 6 months
   (in June and December)
Customers can use credit balances in the Pass Book account as collateral in requesting loans from
   ICBC (Thai) Bank.
The interest rate for deposits in foreign currencies will be quoted at the time of deposit on the
   basis of current market conditions. These deposits will be governed by Bank of Thailand’s rules and
   regulations.
Withholding tax will be deducted at half yearly intervals in June and in December of each year
   when interest is credited to the account or when customers close their accounts. Interest received
   amounting to less than THB 20,000 will however be tax-exempt.

2. Current Account 

Characteristics of Service
No account term for deposit or withdrawall.
 Provides you with greater convenience because you don't have to carry a lot of cash with you.
 Provides you with greater convenience for business purpose. You can issue cheque with no limit.
No passbook. You can check the transactions from the statement sent to you on monthly basis.

Current Account are avilable in 2 types :
2.1 Normal Current Account
No interest
 overdraft (O/D) allowed for greater convenience

Conditions:
 Minimum amount for account opening is 10,000 baht

Fee:
 Each cheque issue 15 baht
 If the average balance of the account per month falls below 10,000 baht,the Bank will charge 100 baht per month for account maintenance.

2.2 Super Cheque Account           

 A current account with interest received.
 Interest rates and conditions are based on the Bank's announcement on the bank board.
                                                                                                                 

Conditions:
 Minimum account for account opening is 200,000 baht.
 Not intended for O/D facility.
 Interest will be calculated daily and paid to the customers in June and December of each year.
 Interest received will be subject to any applicable withholding tax at the rate prescribed by laws. 

Fee:
 Each cheque issue 15 baht
 If the average balance of the account per month falls below 10,000 baht,the Bank will charge 100 baht per month for account maintenance.

   Characteristics of Service

 Fix deposit with account terms.
Interest will be paid when the account term is due.
 Passbook is issued as evidence of deposits. 
 Account terms can be varied from 3, 6, 12, 24 to 36 months
 Receive higher interest rate and at fixed rate 
 This account can be used as security when applyng for loan from the Bank  
 Interest received will be subject to any applicable withholding tax at the rate prescribed by laws.

Conditions:
 Minimum amount for account opening is 50,000 baht,additional deposit is at 10,000 baht minimum.
 When the money is drawn before maturity,the Bank will provide interest at 0.50% per annum for the deposit period,or no higher than the rate agree by the Bankas appropriate.

4. Deposit Receipts - 2 types of deposit receipts
- Call Deposit Receipt /CDR
- Fixed Deposit Receipt /FDR

Deposit amount

Characteristics of Service
The bank will pay interest at the time of withdrawal or the maturity of the deposit.
Customers will receive higher interest rates on fixed deposit compared with saving accounts.
In the absence of specific instructions from our customers, FDRs will be automatically renewed on
   maturity by adding accrued interest to principal. A new FDR will be issued for a similar period on the
   basis of interest rates quoted at that time.
CDRs and FDRs can be used as collateral in requesting loans from the bank
 Withholding tax will be deducted at half yearly intervals in June and in December of each year
   when interest is credited to the account or when customers close their accounts. Interest received
   amounting to less than THB 20,000 will however be tax-exempt.

Documents for account opening
1. Application form
2. Required document(s)

Individuals	Thai citizen ID or other card issued by the government agency showing photo and specifying 13-digit Thai citizen ID number. (Passport and work permit are required for foreigners.)
Juristic entities	Corporate registration document Resolution of the board of directors’ meeting approving the juristic person to open and maintain the account and indicating the authorised person(s) and withdrawal condition(s) ID of the authorised person(s) (the same as individual account).

5. Bill of Exchange (B/E)

Bill of Exchange is a type of - note issued by the Bank as a means to mobilize fund from general public, which is permitted by the Bank of Thailand on 17 August 2006.

Characteristics of Service

 A note, payee only,can not be tranfered.
 maturity period ranges from one to 12 months.
 Interest rate is higher than other deposit types. 
 Interest is paid on the due date printed on the note or when repurchased.
 Interest received wiil be subject to any applicable withholding tax at the rate prescribed by laws.
 Can be used as security when applyng for loan from the Bank.
 Can be repurchased before due date.The Bank will however pay 0.50% interest per annum or no higher than the promised rate as deemed appropriate.

Conditions:
 Minimum value is 500,000 baht per B/E.

Risk:
 The B/E holder is the Bank's creditor.
 The B/E is not secured for either principal or interest by Financial Institutions Delvelopment Fund.

6. Foreign Currency Deposit Account: (FCD)

A foreign Currency Deposit Account with ICBC (Thai) is a convenient way to help you increase efficiency in managing your foreign currencies and minimize risk from currency exchange rate fluctuation.Furthermore,we offer competitive interest rates.ICBC (Thai) Bank offer up to 8 foreign currency deposit,including USD, EUR, GBP, JPY,SGD, HKD, NZD and AUD.

We offer foreign currency deposit account opening for both domestic fund and overseas fund,with or without obligation to pay in foreign currency.

Saving Account

Interest will be paid twice a year (in June and December).

Conditions:
 Account with obligation: no initial deposit.
 Account without obligation: a USD 10,000 initial deposit is requried.

Free Charges:
 Account with obligation: no monthly maintenance fee.
 Account without obligation:a USD 10 charge will be collected if the monthly average balance is below USD 5,000.
 Commission in lieu of exchange (CILE),inward and outward remittance charges will be collected according to the Bank's fee rate announcement.

Fixed Account

Available deposit period: 1 or 2 weeks and 1, 3, 6, 9, 12 months.

Conditions:
 Account with obligation: no initial deposit.
 Account without obligation:a USD 10,000  initial deposit is requried,minimum amount of each deposit is USD 10,000.
 For any withdrawnals before maturity date,interest will be paid using the lowest rate of savings account of such currency as announced on deposit date.

Free Charges:
 No money maintenance fee.
 Commission in lieu of exchange (CILE),inward and outward remittance charges will be collected according to the Bank's fee rate announcement.

Remark:
 Account with obligation: evidence of an obligation to repay dept in foreign currency to aborad or other commercial banks in Thailand must be presented.
 For other currencies,please see details in the Bank's announcement.

ICBC (Thai) Bank reserves the right to add or change the terms and conditions above.Such changes will be posted at our brances well in advance.

Documents for account opening

Individual Account

 ID card or government officaial ID card issued by the government agency showing photo and specifying 13-digit Thai citizen ID number.
 Passport or alien certificate and work permit are required for foreigners.
 House Registration Certificate. 

Juristic Person Account

 Certified certificate of incorporation issued within 1 month.
 Certified of memorandum of association and company article.
 Resolution of the board of directors' meeting approving the juristic person to open and maintain the account. 
 taxpayer's ID card of the Company.
 Shareholder list (within 1 month).
 ID of the authorized person(s) or government official ID card issued by the government agency showing photo and specifiying 13-digit Thai citizen ID number.
 Power of Attorny.Citizen identification card of appointee.(In case of empowerment)

           Deposit via E-zy Card

 An easy way to deposit your money

 

We have developed another channel to facilitate our clients’ deposit with ICBC (Thai).  You can deposit your cash and/or cheque into your ICBC (Thai) Bank account at any branch counter of the participating bank free of charge and will earn an interest as from the transaction date.

 Type of deposit account

 §Hi-Speed Savings – Using a green card

 §Super Cheque – Using a pink card

 How to use the service

To make your deposit via E-zy Card, you must use an E-zy Card issued by ICBC (Thai) for depositing your cash and/or cheque into your ICBC (Thai) account through any of the participating bank’s branches across the country on the business days from Monday to Friday during the banking hours of 8.30 a.m. – 3.30 p.m.

 Participating bank: Bangkok Bank

 Simply follow these easy steps to deposit cash/cheque via E-zy Card:

 1.Bring your E-zy Card which bears the number of your deposit account to a branch of the participating bank on any business day during the banking hours specified above.

2.Fill the account owner name and the desired deposit amount in a “pay-in slip” of the participating bank.

3.Present the E-zy Card and the “pay-in slip” together with the cash and/or cheque to the bank official.  

4.The bank official will scan the barcode on the front of the E-zy Card and print a receipt to you.

 Maximum confidence

You will be confirmed of the successful deposit transaction made at the participating bank branch by three methods below:

•  The printed receipt obtained from the bank official.
• An SMS alert mail sent to your mobile phone in case you have provided us with your mobile phone number.
•  The transaction recorded in your passbook or bank statement (as the case may be).

  Benefits to our customers 

§You can easily use this service at any of the participating bank branches throughout the country.

§We start calculating the interest for you as from the date the participating bank accepts the deposit into your account, unless it is a returned cheque.

§You can either use the service by yourself or assign other person to do the transaction on your behalf by using your E-zy Card .

 Greater convenience

To provide greater convenience for our customers, we are in the process of expanding our cooperation with other banks to join in the deposit via E-zy Card service and will promptly inform you when there are new participating banks.  

 When to check the deposit balance

Deposit	Date allowed for balance checking and withdrawal
Cash	Next business day after the transaction date
Cheque deposited in Bangkok and its vicinities	The second business day from the transaction date or four business days at the latest (depending on each bank)
Cheque deposited in other provinces	The third business day from the transaction date or four business days at the latest (depending on each bank)

 Note: Withdrawal is subject to conditions of each type of deposit.

 Conditions of E-zy Card usage

•  The card is used for cash and/or cheque deposit into your account opened with ICBC (Thai).
•  The card can be used for money deposit at any branch of the participating bank across the country from Monday to Friday during 8.30 a.m. – 3.30 p.m.
• The deposit is allowed at a minimum of THB 10,000 per transaction and a maximum of THB 50,000,000 per day.
•  Cheque must be dated as of the deposit date and must be crossed and made payable to “Industrial and Commercial Bank of China (Thai) Public Compamy Limited”  It must be for clearing at the same clearing house as that of the branch of the participating bank.
•  If the cheque is returned, the transaction shall be deemed invalid and be canceled and the depositor can request to pick up the said cheque from our bank within 10 business days.
•  Non-compliance with the rules, procedure and conditions of the service will result in ICBC (Thai) having the right to stop or cancel the service immediately.
•  Depositors must strictly abide by the rules, procedure and conditions of other services specified by ICBC (Thai) both at present and in future.
•  The card is not applicable to an ADM.
•  The card cannot be used for money withdrawal/transfer from a deposit account or for any other transactions.

   

More Information >>

 After the transaction, you can check the updated deposit balance and make a withdrawal from your account from ICBC (Thai) as follows:

Deposit	Date allowed for balance checking and withdrawal
Cash	Next business day after the transaction date
Cheque deposited in Bangkok and its vicinities	The second business day from the transaction date or four business days at the latest (depending on each bank)
Cheque deposited in other provinces	The third business day from the transaction date or four business days at the latest (depending on each bank)

Deposit	Date allowed for balance checking and withdrawal
Cash	Next business day after the transaction date
Cheque deposited in Bangkok and its vicinities	The second business day from the transaction date or four business days at the latest (depending on each bank)
Cheque deposited in other provinces	The third business day from the transaction date or four business days at the latest (depending on each bank)

 Note: Withdrawal is subject to conditions of each type of deposit.

 Conditions of E-zy Card

usage

More Information >>

•  The card is used for cash and/or cheque deposit into your account opened with ICBC (Thai).
•  The card can be used for money deposit at any branch of the participating bank across the country from Monday to Friday during 8.30 a.m. – 3.30 p.m.
• The deposit is allowed at a minimum of THB 10,000 per transaction and a maximum of THB 50,000,000 per day.
•  Cheque must be dated as of the deposit date and must be crossed and made payable to “Industrial and Commercial Bank of China (Thai) Public Company Lomited”  It must be for clearing at the same clearing house as that of the branch of the participating bank.
•  If the cheque is returned, the transaction shall be deemed invalid and be canceled and the depositor can request to pick up the said cheque from our bank within 10 business days.
•  Non-compliance with the rules, procedure and conditions of the service will result in ICBC (Thai) having the right to stop or cancel the service immediately.
•  Depositors must strictly abide by the rules, procedure and conditions of other services specified by ICBC (Thai)  both at present and in future.
•  The card is not applicable to an ADM.
•  The card cannot be used for money withdrawal/transfer from a deposit account or for any other transactions.