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
- The available currencies include THB, USD, RMB and so on.
- 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.
- Customers can also choose automatic renewal upon maturity date or withdraw the deposit in full amount.
- The interest rate of the term deposit is higher than that of the current deposit.
- 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
- Customers fill out account application form at and submit required identity documents to Bank of China (Thai) Public Company Limited.
- Bank of China opens current deposit account after examining the identity document of customers.
Required Documents
- 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.
- For Thai citizens: Thai identity card and other valid identity documents.
- For non-Thai citizens (who live in Thailand): original copy of passport, working certificate and other valid identity documents.
- For non-Thai citizens (who live outside Thailand): original copy of passport and other valid identity documents.
Tips
- Term deposit can be withdrawn before maturity date, however, Bank of China will not pay any interest for savings less than three months.
- The minimum initial deposit of the term savings is THB10,000 or the equivalent USD/RMB.