Term Deposit Account

Name    

Term Deposit Account

Introduction

Term deposit is a fixed-term form of savings deposit. It can not be transferred, remitted inward or outward.

Features

  1. The available currencies include THB, USD, RMB and so on.
  2. BOC (Thai) offers term deposit of one month, three months, six months and twelve months of maturities. Customers can also custom term deposit according to their requirements.
  3. Customers can also choose automatic renewal upon maturity date or withdraw the deposit in full amount.
  4. The interest rate of the term deposit is higher than that of the current deposit.
  5. Free of account management fee.

Target Customers

The service is suitable for customer with valid identity documents and idle money that will not be used in the near future.

Procedure

  1. Customers fill out account application form at and submit required identity documents to Bank of China (Thai) Public Company Limited.
  2. Bank of China opens current deposit account after examining the identity document of customers.

Required Documents

  1. No identity document is required for customers who has a current account, and customer who has no current account shall submit identity document as follows.
  2. For Thai citizens: Thai identity card and other valid identity documents.
  3. For non-Thai citizens (who live in Thailand): original copy of passport, working certificate and other valid identity documents.
  4. For non-Thai citizens (who live outside Thailand): original copy of passport and other valid identity documents.

Tips

  1. Term deposit can be withdrawn before maturity date, however, Bank of China will not pay any interest for savings less than three months.
  2. The minimum initial deposit of the term savings is THB10,000 or the equivalent USD/RMB.