Foreign Currency Deposit (FCD) for Non-Resident Account  (  )

To be able to use the services associated with foreign currency deposit accounts within our branches that you have opened the account in order to easily and safely conduct financial transactions without bearing the risk of currency fluctuations.

 
Key Features

The FCD services of KBANK will help you to manage foreign income and expense more rapidly and conveniently without facing risks from foreign exchange fluctuation.

Product Details
Eligible Customers
  • Overseas branch office or representative office of persons who have base in Thailand. 
  • Establishments, institutes or companies registered overseas 
  • Foreign governments and organizations, foreign embassies, consulates, specialized agencies of the United Nations, international organizations or institutions in Thailand 
  • Officials, staff, experts or other persons who are foreigners working for embassies, consulates, specialized agencies, international organizations or institutions that are based in Thailand 
  • Foreigners who work in Thailand temporarily
  • Thai nationals who have permanent base in foreign countries
 
10 Foreign Currencies Available For Foreign Currency Deposit
  • US  Dollar (USD)
  • Singapore Dollar (SGD)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)       
  • Pound Sterling (GBP)
  • Swiss Franc (CHF) 
  • Euro (EUR)  
  • Chinese Yuan  (CNY)
 
Required Documents for Account Opening

Individuals who have base in foreign countries

  • Passport
  • Temporary work permit in Thailand

Juristic persons registered overseas

  • Original affidavit issued by the Bureau of Business Registration which designates the registration of names and authority of the company directors issued by the government agency of that country, and certified by Thai embassy or consulate of that country
  • The minutes of the Board of Directors meeting approving the opening of the bank account and indicating authorization and conditions of the payment duly signed by the authorized signatory with the company seal
  • Passports and addresses of directors who are authorized signatories

    Remark Foreign juristic persons that have a branch or office in Thailand are required to submit the Company Affidavit issued by the Department of Business Development, the Ministry of Commerce and the Power of Attorney authorizing the representative in Thailand to proceed on behalf of the company directors.  

Foreign embassies, specialized agencies of the United Nations, international organizations or institutions

  • Letter of Intent for the opening of account with the Bank stating authorization and conditions of payment
  • Passport of authorized signatory with a photocopy certified as true by the head of related governmental department, organization or unit 
 
FCD Interest Rates

    Click here   to see Interest Rates

Tax on Interest Rate

      - Thai individual            15%
      - Thai juristic person    15%

 

 

FCD Fees for Residents and Non-Residents

Method

Deposit *

Withdrawal *

Buy foreign currency to deposit to FCD account

No fee

-



Withdrawal to convert into Baht or to transfer to other account of the same name or transfer to the subsidiary account where your shareholding is not less than 50 percent

-

No fee


Foreign bank notes

1% of total deposited amount   
Minimum of Baht 500

1% of total withdrawal amount
Minimum of Baht 1000

Traveler’s cheques, Draft (deposit fee in this case means bill purchase)

Deposit fee 

0.25 % of total deposited amount
for USD
0.50% of total deposited amount for other currencies
Minimum of Baht 500
+ Stamp Duty 3 Baht
+ Product Fee
Traveler’s cheques 30 Baht
Draft 200 Baht (and foreign bank charge if any)

Deposit fee 

0.25 % of total withdrawal amount for USD
0.50% of total withdrawal amount for other currencies
Minimum of Baht 500
+ Stamp Duty 3 Baht
+ Draft 200 Baht

Draft (bill collection)

Stamp Duty 3 Baht
+ collection charge 10 USD 
foreign bank charge (if any)

-

Draft (already been paid) or Draft drawn on Kasikornbank

Stamp Duty 3 Baht
+ Product Fee

-

Fund transfer

Product Fee

0.25% of total deposit amount
- In case of fee paid by baht , the minimum fee is 200 baht, the maximum fee is 500 
- In case of fee paid by foreign currency, the minimum fee is 10 USD , the maximum fee is 25 USD

Withdrawal Fee

0.25 % of total deposited amount
for USD
0.50% of total deposited amount for other currencies
Minimum of Baht 1000

+ Product Fee
- In case of fee paid by baht = 500 baht
In case of fee paid by foreign currency = 25 USD+ Pay in full (optional)


Note: * Additional service fees are excluded (if applicable).
          Kbank reserves the right to change the terms and conditions above without prior notice.

 

Click here  to see FCD Fee Charges

Click here  to see Condition & Fee for FCD Account


Branches in Services

Click here  to see FCD Services Branch

 

For more information Please contact our K-Contact Center at 0 2888 8888.

 

How to apply or use
Depositing Procedures
Non-Residents can deposit money without submitting evidence of obligation to repay debts with that foreign currency

 

Sources of Deposit (According to BoT regulations)
  • Foreign income, i.e., acceptance of bill payments, service fees, payments on loans or interest on loans or foreign direct investment, including other types of income.
  • Foreign currency from your BIBF borrowing that you want to deposit in your FCD account.
  • Funds transferred between your FCD accounts  
  • Acceptance of loan repayments from non-residents 
  • Acceptance of loan repayments from residents

 

Withdrawal Procedures
Withdrawal is allowed for all purposes by showing evidence according to the criteria of each type of withdrawing purpose.

 

Submission of Foreign Exchange Transaction Form
No need to fill in the form

 

Deposits and withdrawals’ methods
Deposits and withdrawals can be made with foreign banknotes, foreign travelers cheques, foreign drafts or via inward/outward remittances or withdraw funds from an FCD account to obtain Baht.
Promotion & Privileges
Initial Deposit, Minimum Balance and Maximum Balance

Initial Deposit
     USD10,000 or equivalent at the market rate in case of other currencies.

Minimum Balance
     The Monthly  Average  Daily  Balance  not less than USD5,000 or equivalent at the market rate in case of other currencies.
If the amount is less than USD5,000, it will be subject to an account maintaining fee  of USD10 or equivalent at the market rate in case of other currencies.

Maximum balance(all currencies of all accounts of the same depositor daily)
     No limit


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1 Soi Rat Burana 27/1, Rat Burana Road, Rat Burana Sub-District, Rat Burana District, Bangkok 10140, Thailand. Telephone: +66 2888 8800 Telefax : +66 2888 8882