Bangkok--5 Aug--Bangkok Bank
Bangkok Bank has launched a range of Renminbi (RMB) transaction services to help serve the expansion of trade and investment between Thailand and China. RMB trade services include letters of credit (L/C), funds transfers, currency exchange and foreign currency deposit accounts.
Bangkok Bank Senior Vice President and Global Payment Services Manager Mr. Thanit Sirichote said China is an important trade partner of Thailand and the Renminbi is becoming more prominent as a major currency. The bank’s full range of trade services in RMB includes letters of credit, international funds transfers, forward transaction, currency exchange and foreign currency deposit accounts to enhance customers’ investment and trade with China.
“The RMB deposit account of Bangkok Bank will help our customers to reduce exchange risk and this will be useful for those in the import-export business or with offices or branches in China. It means customers can make and receive payments without having to use the US dollar as an intermediary currency. The service will be particularly useful for customers at Bangkok Bank’s branches in Thailand and Hong Kong, as well as customers of Bangkok Bank (China), which has a full range of banking services.”
Mr. Thanit said the Foreign Currency Deposit Account in RMB is available for both individual and juristic persons and provides two options, namely savings and fixed accounts. The Foreign Currency Deposit Account in RMB is not only beneficial for traders, but is also a useful savings option for Thai individuals holding foreign currency, or foreign customers who reside in Thailand and receive funds transfers from overseas. Incoming funds can be directed to a foreign currency account and converted to baht at a preferred time.
The RMB is the latest addition to the bank’s suite of Foreign Currency Deposit Accounts, which already offer 13 currencies, more than any other commercial bank in Thailand. Bangkok Bank FCD customers can now enjoy the security and convenience of Bualuang iBanking when making online transactions. Users can check their account balance, view their transaction history for the last 2 months and arrange fund transfers from their FCD account to their baht deposit account 24 hours a day, seven days a week, from anywhere in the world.
Interested customers can open a Foreign Currency Deposit Account at any of 200 Bangkok Bank branches nationwide that provide Foreign Currency Deposit Account services. For more information, please call Bualuang Phone 1333 or 0-2645-5555