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Savings Multi-Currency Account (For Individual)
More flexible, one account for managing multiple currencies.
A Savings account that manages THB and foreign currencies under a single account. Convenient in both money transfers and exchange.
Features and Benefits
- Add efficiency in managing your multiple currencies funds with a single account.
- Maximize return with interest payable to your multiple currencies deposit account.
Individual (Resident)
Individual (Resident) can open a Savings Multi-Currency account and conduct deposit and withdrawal transactions via their account in accordance with criteria and conditions determined by BOT
| Sources of deposit |
Maximum balance |
Required documents |
- Income from foreign sources (including funds received from non-resident through purchase/exchange/borrowings from banks in Thailand).
- Funds that residents have purchased/ exchanged/borrowed from banks in Thailand.
- Funds transferred from other FCD accounts of residents and FCD accounts of other residents.
- Funds received from banks or businesses relating to foreign means of payment (as the case may be). |
No limit. |
None. |
Additional Conditions
For deposit using bank notes, customer can deposit with the maximum limit of USD 15,000 or equivalent/customer/day; or not over the amount supported by evidence indicating that foreign currencies have been bought into the country from abroad; or not over the amount supported by evidence indicating that foreign currencies have been received from foreign exchange business operators according to their permissible scope of business such as commercial banks, juristic persons/persons licensed to undertake foreign currency purchasing and selling the business , etc. (ICBC (Thai) currently only accepts RMB banknotes for deposit and withdrawal).
| Withdrawal from FCD accounts |
Required documents |
- For settlement of obligations abroad.
- For deposit to FCD accounts held by non-resident, including settlement on behalf of a subsidiary abroad. |
Documents evidencing obligations per the objectives set by BOT. |
- For exchange into Baht with banks in Thailand.
- For deposit to other FCD accounts of the same residents and FCD accounts of other residents.
- For deposit to FCD accounts of banks or businesses relating to foreign means of payment (as the case may be), including settlement on behalf of a subsidiary abroad. |
None. |
Additional Conditions
Foreign banknote withdrawals are permitted for the settlement of obligations abroad or for travel expenses only.
Individual (Non-resident)
Individual (Non-resident) can open a Savings Multi-Currency account and conduct deposit and withdrawal transactions via their account in accordance with criteria and conditions determined by BOT.
| Sources of deposit |
Maximum balance |
Required documents |
- Income from foreign sources (including funds received from non-residents through purchase/exchange/borrowing from banks in Thailand).
- Funds transferred from other FCD accounts of the same non-resident or FCD accounts of other non-resident. |
No limit. |
If the Baht is used to buy foreign currencies at the amount equivalent to USD 200,000 or more for deposit into FCD accounts, documents showing the sources of the Baht are required. |
| Payments received from residents per the established criteria |
Not exceeding obligations of residents. |
None. |
Additional Conditions
For deposit using bank notes, customer can deposit with the maximum limit of USD 15,000 or equivalent/customer/day. ; or not over the amount supported by evidence indicating that foreign currencies have been brought into the country from abroad; or not over the amount supported by evidence indicating that foreign currencies have been received from foreign exchange business operators according to their permissible scope of business such as commercial banks, juristic persons/persons licensed to undertake foreign currency purchasing and selling the business , etc. (ICBC (Thai) currently only accepts RMB banknotes for deposit and withdrawal).
| Withdrawal from FCD accounts |
Required documents |
| Withdrawal in foreign currencies can be made in any case with no need to submit any document and fill out the Foreign Exchange Transaction Form. |
None. |
| Withdrawal in Baht. |
Evidence of obligations that need to be settled per trade, services or investment in Thailand, or not exceeding the set limit (as the case may be). |
Product Type
- Savings account
- Available in THB, RMB, USD, EUR, GBP, JPY, SGD, HKD, NZD, AUD and AED.
Product Detail
- For savings account, interest is calculated daily and paid twice a year, in June and December (for currencies with interest payment).
- Withholding tax of interest income is the same basis as deposit account in Thai Baht.
Apply Now!
Visit www.icbcthai.com, or call ICBC (Thai) Call Center at 0 2629 5588 or visit any of our branches nationwide for more information from our experienced specialists. Please kindly submit the following documents:
- ID card for Thai resident.
- Please contact our branches to inquire about documents required for Non-residents.
Remarks
- Automatic currency conversion is not allowed unless the customer applies for a UnionPay Debit Card. All the transactions conducted in China Mainland are settled in CNY. However, if balance in the CNY designated account is insufficient, the THB will be automatically converted into CNY.
On the other hand, all transactions conducted in Thailand or other countries are settled in THB. If the THB balance in the designated account is insufficient, the CNY will automatically be converted into THB according to the conditions of the UnionPay Debit Card.
- Interest rates, conditions, related fees, commissions in lieu of exchange, and remittance charges for all currencies are subject to the Bank’s announcement. Please refer to announcements, regulations and fee rates prescribed on the Bank’s website or at branches for more details.
- Maximum balance of all foreign currency accounts per day per customer, the conditions for deposits/withdrawal, and the documents required shall comply with the rules and regulations of the Bank of Thailand.
- Risk for Foreign Currency Deposit Account is associated with exchange rate fluctuation as the deposit date and withdrawal date/maturity date may differ when converting from foreign currency to THB or other currencies. The customer may receive an increase or decrease from the amount on the date the customer brings it to exchange for deposit into the account.
- For THB: The coverage of insured deposit by the Deposit Protection Agency prescribed by the law is up to THB 1 million.
- For foreign currency: The deposit and accrued interest in the foreign currency deposit account are not under the protection pursuant to the Deposit Protection Agency Act.
Sales Sheet
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