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Foreign Currency Deposit (FCD) Accounts

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Enhancing Your Confidence​
No exchange rate worries!​​

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Foreign Currency Deposits for

Residents

​Individual and Juristic P​​ersons​

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Minimize forex risk

Enhance effectiveness of business liquidity management

For better returns

Currencies availableFCD service branches
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Currencies available

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USD 
 

USD

 
SGD 
 

SGD

 
AUD 
 

AUD

 
CAD 
 

CAD

 
HKD 
 

HKD

JPY 
 

JPY

 
GBP 
 

GBP

 
CHF 
 

CHF

 
EUR 
 

EUR

 
CNY 
 

CNY

MYR 
 

MYR*

*Available at Phahon Yothin Main Branch only​



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FCD Accounts for Residents

Sources of depositMaximum
balance		Forms of depositRequired documents
  • Income from foreign sources (including funds received from non-residents through purchases/exchanges/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
  • Foreign remittances
  • Foreign banknotes
  • Foreign drafts
  • Traveler’s cheques
  • Foreign currencies that have been exchanged from Baht
  • Funds transferred from another FCD account
  • None
Click and scroll to view information.

Withdrawal from FCD accounts

​ ​ ​ ​
Forms of withdrawalRequired documents
  • For settlement of obligations abroad
  • For deposit to FCD accounts held by non-residents, including settlement on behalf of a subsidiary abroad
  • Foreign banknotes
  • Foreign drafts
  • Traveler’s cheques
  • For exchange into Baht
  • For transfer to other countries per the objectives set by BOT
  • For transfer to another FCD account
  • 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
Click and scroll to view information.

Note:

  • Each customer is allowed to deposit foreign banknotes to their FCD account at not more than USD15,000 or equivalent in other currencies per day or not more than the amount specified in documents showing that the funds are sourced from abroad, such as a currency declaration form with stamp and signature of a Customs official or evidence from businesses relating to foreign means of payment.
  • Foreign banknote withdrawals are permitted for the settlement of obligations abroad or for travel expenses only.
  • KBank reserves the right to change these terms and conditions without prior notice. Please review the terms and conditions before using the service.

Account Details

​DetailsCurrent AccountSavings AccountFixed Deposit Account
Minimum deposit ​Not specifiedNot specifiedNot specified
Minimum monthly balanceNo limitNo limitNo limit
InterestNo interestInterest is credited to the account on every 25th of June and December
  • Interest is paid upon maturity: 1, 3, 6, 9, or 12 month term
  • Withdrawal before maturity:
    • No interest on deposits of less than three months.​
    • Regular savings account rates on deposits of more than three months​.
Click and scroll to view information.
Qualifications
  • Individuals who are of Thai nationality
  • Individuals who are of foreign nationality and permitted to undertake permanent residency in Thailand
  • ​Juristic persons registered in Thailand
  • Branches or representative offices of juristic persons that are located in Thailand and have headquarters registered abroad.
  • Thai government agencies, organizations and state enterprises.
  • Civil servants/employees of Thai government agencies or organizations working abroad.
  • Juristic persons established under specific Thai laws.​
Documents required

Individuals

  • National ID Card (Smart Card)​
  • Copy of House Registration (in case other ID cards are submitted)

Juristic person registered in Thailand

  • Certificate of Registration or other registration documents indicating important details, i.e., company name, registration number, registered capital, location of office, the list of authorized signatory directors and specific instances for which they may act as signatories.
  • Articles of Association (if any)
  • Minutes of the meeting resolving to open a deposit account with KBank, signed and certified by authorized director(s), and designating the name(s) of authorized signatories for payment and payment conditions
  • List of shareholders (for some companies, the list may be included in the Certificate of Registration)
  • Power of Attorney for withdrawals and identification documents of both grantor and grantee, if authorization has been made for withdrawals
  • Copy of Thai ID Card (copy of House Registration required if address is not shown) or copy of Passport (for non-Thai) of persons having relationship with the juristic person as follows;
    • Authorized director(s)
    • Authorized person(s)
    • Individuals with 25% of shareholder or more in the company

Please provide certified true copies by authorized director(s) with the company seal(if any) on all documents (every page).

Reg​istered Merchant

  • Copy of valid National ID Card (card front only), together with a copy of house registration if address is not shown or Copy of valid passport (for foreigners) of merchant's owner
  • Commercial Registration Certificate indicating the merchant's name ​
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​Foreign Currency Deposits for​

Non-Residents

Individual and Juristic P​ersons​

Currencies available​
 

 
Middle|Center
 

​

Currencies available

​​​ ​​
USD 
 

USD

 
SGD 
 

SGD

 
AUD 
 

AUD

 
CAD 
 

CAD

 
HKD 
 

HKD

JPY 
 

JPY

 
GBP 
 

GBP

 
CHF 
 

CHF

 
EUR 
 

EUR

 
CNY 
 

CNY

MYR 
 

MYR*

*Only for juristic persons registered in Thailand​




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FCD Accounts for Non-Residents (NR)

Sources of depositMaximum balanceForms of depositRequired 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-residents
No limit
  • Foreign banknotes
  • Foreign drafts
  • Traveler’s cheques
  • Foreign remittances
  • Foreign currencies that have been exchanged from Baht
  • Funds transferred from other FCD accounts of non-residents
  • Funds transferred from FCD accounts of individuals/juristic persons registered in Thailand for use in the settlement of obligations to individuals/juristic persons abroad by depositing funds into their FCD accounts
  • If the Baht is used to buy foreign currencies at the amount equivalent to USD200,000 or more for deposit into FCD accounts, documents showing the sources of the Baht are required, such as salary certification.
  • Payments received from residents per the established criteria
Not exceeding obligations of residents
  • None
Click and scroll to view information.

Note:

Each customer is allowed to deposit foreign banknotes to their FCD account at not more than USD15,000 or equivalent in other currencies per day or not more than the amount specified in documents showing that the funds are sourced from abroad, such as a currency declaration form with stamp and signature of a Customs official or evidence from businesses relating to foreign means of payment.

Withdrawal from FCD accounts

Forms of withdrawalRequired documents
  • Withdrawals in foreign currencies can be made in any case with no need to submit any document and fill out the Foreign Exchange Transaction Form.
  • Foreign banknotes
  • Foreign drafts
  • Traveler’s cheques
  • For transfer to other countries
  • For transfer to another FCD account
  • For exchange into Baht
  • None
  • Withdrawal in Baht
Limits:
  • Value Today/Tom: Not exceeding 200​ million Baht per NR group, including other transactions to provide Thai Baht liquidity
  • Value Spot: No limit
Click and scroll to view information.

Note:

  • Withdrawals in Thai Baht require 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).
  • KBank reserves the right to change these terms and conditions without prior notice. Please review the terms and conditions before using the service.

Account Details

DetailsCurrent AccountSavings AccountFixed Deposit Account​
Minimum deposit USD 5,000​​USD 5,000USD 500
Minimum monthly balanceUSD 5,000
If the outstanding balance is lower than this limit, an account maintenance fee of USD10/month will be charged		USD 5,000
If the outstanding balance is lower than this limit, an account maintenance fee of USD10/month will be charged		Not specified
Interest No interestInterest is credited to the account on every 25th of June and December
  • Interest is paid upon maturity: 1, 3, 6, 9, or 12 month term
  • Withdrawal before maturity: ​
    • No interest on deposits of less than three months​.
    • Regular savings account rates on deposits of more than three months​.​
Click and scroll to view information.
Qualifications
  • Individuals who are not of Thai nationality and do not have foreign identification or permanent residency in Thailand
  • Offshore businesses, institutions, funds, financial institutions or juristic persons
  • Offshore branches or representative offices of juristic persons undertaking residency in Thailand
  • Offshore governmental organizations
  • Individuals who are of foreign nationality and permitted to undertake temporary residency in Thailand (not exceeding 3 months)
  • Individuals of foreign nationality who work in Thailand temporarily
  • Foreign embassies and persons entitled to diplomatic privileges
  • Non-local officials and staff members of foreign embassies
  • United Nations specialized agencies and international organizations or institutions
  • Foreign officials or staff members of United Nations specialized agencies, international organizations or institutions that are entitled to diplomatic privileges and immunities in Thailand.
Documents required

Foreign national

  • Identity document e.g. Passport or VISA and other document depending on the purpose of entry into Thailand as determined by KBank

Juristic person registered Outside​ Thailand

  • Certificate of Registration or other registration documents indicating important details, i.e., company name, registration number, registered capital, location of office, the list of authorized signatory directors and specific instances for which they may act as signatories.
  • Articles of Association (if any)
  • Minutes of the meeting resolving to open a deposit account with KBank, signed and certified by authorized director(s), and designating the name(s) of authorized signatories for payment and payment conditions
  • List of shareholders (for some companies, the list may be included in the Certificate of Registration)
  • Power of Attorney for withdrawals and identification documents of both grantor and grantee, if authorization has been made for withdrawals
  • Copy of Thai ID Card (copy of House Registration required if address is not shown) or copy of Passport (for non-Thai) of persons having relationship with the juristic person as follows;
    • Authorized director(s)
    • Authorized person(s)
    • Individuals with 25% of shareholder or more in the company

Please provide certified true copies by authorized director(s) with the company seal(if any) on all documents (every page).

​​

Note:

  • All documents must be in or translated into Thai or English with the accuracy of the translation certified.

  • All documents must be certified by a notary public at the embassy or consular section of the relevant country.



 
 
 
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Frequently asked questions

What is the maximum daily deposit of foreign banknotes to an FCD account?

No more than USD15,000 or equivalent in other foreign currencies is allowed to be deposited daily in foreign banknotes to an FCD account held by a Thai or foreign individual/juristic person. If the deposit exceeds the specified amount, customers are required to submit documents showing that the funds are sourced from abroad, such as a currency declaration form with stamp and signature of a Customs official or evidence from businesses relating to foreign means of payment.

What exchange rates apply for deposit to and withdrawal from FCD accounts?

The T/T selling rate is used for deposits; the T/T buying rate is used for withdrawals.

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Is it possible for residents to transfer funds between FCD accounts?

Yes, they can do so freely with no limit or required documents.

Can FCD transactions be made at non-account holding branches?

Yes, deposits and withdrawals can be made at non-account holding branches designated to provide FCD account services. However, for current FCD accounts, transactions must be made at account holding branches only. For MYR deposit accounts, transactions can be made at only the Phahon Yothin Main Branch.

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Resident

 
 
 
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Non-Resident​

 
 
 
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