Increase the returns on your savings with our products.

 1.  Savings Account

 Account Nature

  • An account for your daily needs and help you manage your savings
  • Deposit and withdrawal can be made at any time and no limit on number of transactions made.
  • Interest will be calculated on a daily basis and it will be paid into your account twice a year (in June and December).
  • The account can be used as collateral when applying for loans at the Bank. Withholding tax on interest for personal customers
  • No Tax ID – receive tax exemption on interest if interest does not exceed THB 10,000
  • With Tax ID  – receive tax exemption on interest if interest does not exceed THB 20,000
  • In case your annual interest is over THB 20,000/year, 15% withholding tax will be charged on the total interest received.

Two types of Savings Account available

1.1  Regular Savings

Account Conditions:

  • Initial deposit for account opening is THB 1,000.

Charges:

  • If the monthly average balance falls below THB 1,000 , an account maintenance fee of THB 100 will be chatged from the account.

1.2  Hi-Speed Savings

Higher interest rate than Regular Savings account

Account Conditions:

  • Initial deposit for account opening is THB 10,000.

Charges:

  • If the monthly average balance falls below THB 5,000 , an account maintenance fee of THB 100 will be chatged from the account.

2. Current Account

Account Nature

  • Provide you with greater convenience, paymentcan be made through cheque at any time.
  • No limit on number of deposit or withdrawal made.
  • Provide safety because you do not have to carry a lot of cash to make payment.
  • No passbook. You can check the transaction records from the statement which will be sent to you on a monthly basis.

Two types of Current Account available

2.1 Regular Current Account

No interest. Overdraft (O/D) can be applied, for greater convenience.

Account Conditions:

  • Initial deposit for account opening is THB 10,000.

Charges:

  • THB 15 per cheque
  • If the monthly average balance falls below THB 1,000 , an account maintenance fee of THB 100 will be chatged from the account.

2.2 Super Cheque Account

An interest bearing current account. Interest will be calculated on a daily basis and will be paid into your account twice a year (in June and December). Interest rates and conditions apply based on the Bank’s announcement.

Account Conditions:

  • Initial deposit for account opening is THB 50,000.
  • Overdraft (O/D) does not apply.  
  • Interest received will be subject to any applicable withholding tax at the rate prescribed by the Revenue department.

Charges:

  • THB 15 per cheque
  • If the monthly average balance falls below THB 5,000 , an account maintenance fee of THB 100 will be chatged from account.

 3. Fixed Deposit with Passbook

 Account Nature:

  • Interest will be paid on agreed maturity date.
  • Deposit period can be varied from 3,6, 12, 24 or 36 months.
  • Higher interest rate than savings account’s.
  • Passbook will be used as evidence of deposits.
  • The account can be used as collateral when applying for loans at the Bank
  • Interest received will be subject to any applicable withholding tax at the rate prescribed by the Revenue department.

Account Conditions:

  • Initial deposit for account opening is THB 50,000. Minimum subsequent deposit is THB10,000.
  • For early withdrawal, interest will be paid at 0.50% per annum for the deposit period, or not higher than the agreed and deemed as appropriate by the Bank.

4. Deposit Receipt

Account Nature:

  • Provide both “Fixed” deposit and “On Call” deposit.
  • For “Fixed” deposit, deposit period can be varied from 1 to 48 months.
  • Deposit Receipt will be used as evidence of each deposit.
  • Higher interest rate than savings account’s.
  • The account can be used as collateral when applying for loans at the Bank.
  • Interest received will be subject to any applicable withholding tax at the rate prescribed by the Revenue department. 

Account Conditions:

  • Minimum deposit per Deposit Receipt is THB 50,000 for individual and non-profit organization, and THB 100,000 for juristic person.
  • For early withdrawal, interest will be paid at 0.50% per annum for the deposit period, or not higher than the rate agreed and deemed as appropriate by the Bank.
  • Interest rate will be paid according to the amount and term as prescribed in the Bank’s

announcement.

  • In case the actual deposit period is different from the period prescribed in the Bank’s announcement, interest rate will be paid at the rate not lower than the rate specified for the period which is shorter than the actual period.
  • In case the customer does not contact the Bank upon maturity date, the Bank will make deposit in the amount of principal plus interest received, using the same deposit period and apply interest rate according to the Bank’s announcement. 

5. Bill of Exchange (B/E)

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

 Account Nature:

  • Non-transferable Bill of Exchange
  • Maturity period ranges from 1 to 24 months.
  • Interest is paid on maturity date or at redemption.
  • Higher interest rate than other deposit accounts’.
  • Interest received will be subject to any applicable withholding tax at the rate prescribed by he Revenue department.
  • The account can be used as collateral when applying for loans at the Bank.
  • Early redemption is allowed and the interest will be paid at 0.50 % per annum for the period or not higher than the rate agreed and deemed as appropriate by the Bank. 

Account Conditions:

  • Minimum amount is THB 500,000 per B/E

Risks:

  • The B/E holder is the Bank’s creditor.
  • The B/E principal and accrued interest are not under the protection pursuant to the Deposit Protection Agency Act. 

Documents required for account opening (Type 1 - 5)

Individual customers

  • ID Card
  • House registration

Corporate customers

  • A copy of affidavit, issued within 1 month
  • Memorandum of Association and Articles of Association
  • Minutes of Board of Directors’ Meeting
  • Tax ID card
  • Shareholders list, issued within 1 month
  • Copy of ID card of the authorized directors
  • Power of attorney in case payer is not the authorized directors

6. Foreign Currency Deposit Account: FCD Account 

 Effective tool to manage foreign currency funds and minimize exchange rate risk, while maximizing return from interest received.

 Account Nature:

  • Up to 9 currencies to choose from: CNY, USD, EUR, GBP, JPY, SGD, HKD, NZD and AUD
  • Account details
    • Accounts that has domestic source of funds
      • With obligation to pay in foreign currencies
      • Without obligation to pay in foreign currencies
      • Accounts that has source of funds from abroad

 Two types of foreign currency deposit account available

 6.1 Savings Account

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

Account Conditions:

  • No initial deposit except for account that has domestic source of funds without obligation, the initial deposit of USD 10,000 is required.

Charges:

  • No monthly maintenance fee, except for the savings deposit account that has domestic source of funds without obligation, if monthly average balance is less than USD 5,000, a fee of USD 10 will be collected.
  • Commission in lieu of exchange (CILE), inward and outward remittance charges will be collected according to the Bank’s fee rate announcement.

6.2 Fixed Account

You can choose from deposit period: 1, 3, 6, 9 and 12 months.

Account Conditions:

  • No initial deposit except for account that has domestic source of funds without obligation, the initial deposit of USD 10,000 is required and a minimum subsequent deposit is USD 10,000.
  • For any withdrawal before its maturity date, interest will be paid at the lowest rate of savings deposit account of such currency as announced on the deposit date.

Charges:

  • No monthly 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:

  1. For other currency deposit accounts, please see the Bank ‘s announcement.
  2. Deposit account with obligation means a deposit account with an obligation to pay debt in foreign currency to individual persons abroad, the authorized juristic persons or other commercial banks inThailand. Such obligations include obligations of the depositor and its related business.
  3. In case where the deposit is from the source inThailand, the maximum outstanding balance in all foreign currency deposit accounts of each depositor at the end of each day must follow the Bank of Thailand’s rules and regulations.
  4. Interest rate, terms and conditions, account fees and charges,  commission in lieu of exchange (CILE), inward and outward remittance charges shall be in according with the Bank’ s announcements.
  5. Deposit and withdrawal cannot be made in foreign banknotes, cheques or drafts.
  6. The deposit and accrued interest in the foreign currency deposit account are not under the protection pursuant to the Deposit Protection Agency Act.

Documents required for foreign currency deposit account opening

Individual customers

  • ID Card for Thai resident
  • Passport for Non-resident

Corporate customers

  • A copy of affidavit, issued within 1 month
  • Memorandum of Association and Articles of Association
  • Minutes of Board of Directors’ Meeting
  • Tax ID card
  • Shareholders list, issued within 1 month
  • Copy of ID card of the authorized directors
  • Power of attorney in case payer is not the authorized directors
  • For Non-resident juristic person, the additional required document is document which is issued or certified by a credible agency or organization.

Remark: For deposit account that has domestic source of funds with obligation, the additional required document is document indicating the obligations to pay in foreign currencies.  

Easy Deposit via E-zy Card

Greater convenience for your next deposit

Now you can deposit cash and/or cheque into your ICBC(Thai) account at any counter of the participating bank free of charge and will earn interest starting from the transaction date.

Eligible deposit accounts

  •  Hi-Speed Savings      –     Using a red card
  •  Super Cheque            –    Using an orange card 

    Easy Steps  

    • Bring your E-zy Card which bears account number to participating bank on business days from Monday to Friday during 8.30 – 15.30 hrs.
    • Take “bill paymentslip” available at participating bank and fill the account owner name and deposit amount in the slip.
    • Present the E-zy Card and the “bill paymentslip”, together with cash and/or cheque to the participating bank officer at the counter.
    • The bank officer will scan the barcode on the card and print a receipt as an evidence of money receipt for you.

    Participating bank: Bangkok Bank

    Greater Confidence

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

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

    More Benefits

    • You can use this service at any branches of the participating bank throughout the  country.
    • Interest earned starting from transaction date except for the case of returned cheque.
    •  You can either use the service by yourself or assign other person to do the transaction on your behalf.

    Balance Update

    After making a deposit at participating Bank, you can check the account balance and withdraw such funds from your account from ICBC (Thai) as indicated below:

    Deposit

    Earliest date and time allowed for balance checking and withdrawal

    Cash

    The next business day

    Cheque deposited inBangkokand its vicinities

    The second business day or no longer than four business days (depending on each bank)

    Cheque deposited in other provinces

    The third business day or no longer than four business days (depending on each bank)

     

     

     

     

     

     

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

     Conditions of Use

    • The card is used for cash and/or cheque deposit into your account opened with ICBC (Thai).
    • The card can be used at any branches of the participating bank throughout the country from Monday to Friday during 8.30 – 15.30 hrs.
    • Minimum deposit is THB 10,000 per transaction and maximum deposit is THB 50,000,000 per day.
    • Cheque must be issued on deposit date and must be crossed and made payable to "Industrial and Commercial Bank of China(Thai) Public Company Limited". The cheque must be issued for clearing at the same clearing zone 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 returned cheque from ICBC (Thai) 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 the service specified by ICBC (Thai) both at present and in the future.
    • The card is not be used at Cash Deposit Machine (CDM) at participating bank.
    • The card cannot be used for money withdrawal/transfer or for any other transactions.

    Remarks:

    The Bank reserves the right as its sole discretion to add or amend the terms and conditions by posting notice at the branches in advance.

    For any inquiries, please contact us

    Industrial and Commercial Bank of China(Thai) CallCenter0 2663 9333

    www.icbcthai.com
More Information>>   
 
  Copyright 2006, Industrial and Commercial Bank of China (Thai) Public Company Limited. All Rights Reserved. |   Terms of Use