Biz Plus Savings Account
Details
A business savings account that offers high interest rates with monthly interest payments. There are no limits on deposits or withdrawals, making it ideal for saving money with a focus on maximizing returns.
Benefits and Highlights
- High interest rates
- Receive monthly interest
- Flexible, unlimited withdrawals per month
Terms of Service
- The minimum amount required to open an account is 5,000 Baht, and each depositor is limited to one account.
- This account is available exclusively to general juristic person and non-profit entities.
- Accounts must be opened in person at any Thai Credit Bank branch.
Interest Payment
- Interest is calculated daily and paid monthly, with the calculation ending on the 25th of each month. It can be withdrawn the next day.
- Interest exempt from savings deposit tax is subject to the conditions specified by the Revenue Department.
- The interest rate for the Biz Plus Savings Account is subject to the Bank's interest rate announcement.
Fees
- A monthly account maintenance fee of 50 Baht will be charged for savings accounts with no transactions for 1 year or more (based on 365 days) and a remaining balance of less than 500 Baht.
- A 100 Baht account closing fee will be charged for savings accounts opened and closed within 1 month.
Supporting Document for Account Opening
Thai Juristic Person
- Certificate of Incorporation (issued within the past 3 months);
- A copy of Memorandum of Association and Articles of Association;
- A copy of List of Shareholders;
- A minutes of Board of Directors’ meeting;
- A copy of Taxpayer Identification Card;
- Copies of the national ID card and house registration of the authorized signatory, as well as those of shareholders holding 25% or more, with the seal of the legal entity registered at the Ministry of Commerce.;
- A copy of VAT registration certificate.
- A copy of Form BorOrJor. 3 (Registration of Establishment) or BorOrJor. 4 (Amendment Registration) (if any)
Remarks:
- Closing an account: Accounts can only be closed in person at the branch where the account was opened.
- The Bank reserves the right to amend the conditions in accordance with its announcements.
- Deposit interest rates, fees, and other services are subject to the Bank's announcements.
- The deposit is protected by the Deposit Protection Agency, up to the amount specified by law.
Product Details
FAQ
Interest paid is subjected to deduct withholding tax in accordance with the applicable law and regulations of the Revenue Department.
You can request withholding tax information from deposit interest or a withholding tax certificate
in person at the branch where the account was opened (authorization is not allowed).
- Notify 1 day in advance before 3:30 PM.
- The branch where the account was opened has no withdrawal limit.
- If other branches, the daily limits per account are: cash withdrawals not exceed 1,000,000 Baht and transfers not exceed 2,000,000 Baht.
Withdrawal by proxy can only be proceeded at the branch where the account was opened.
Change of personal information should be proceeded in person, authorization is not allowed.
Change of Name -Surname; You can request to change your information in person at the branch where the account was opened.
Required Documents:
- National ID card
- Certificate of First Name - Surname Change
- Deposit account passbook
For other cases, such as phone number, address, or email address, you can request to change your information in person at any branch.
Required Documents:
- National ID card
- Deposit account passbook
- If your savings account remains inactive for 1 year or more (calculated as 365 consecutive days), the account will be classified as a Dormant Account. The bank will send a notification letter to the address you provided, advising you to contact the bank to reactivate your account.
- Once your account is classified as a Dormant Account and the balance falls below 500 Baht, a monthly maintenance fee of 50 Baht will be charged. If the fee deductions reduce the balance to 0 Baht, the bank reserves the right to automatically close the account.
- You can request to reactivate your account at any branch.
Proxy case,you can request to reactive account only the branch where the account was opened.
Required documents:
01 National ID card
02 Passbook
The account holder must contact the branch where the account was opened in person. (Authorization is not allowed.)
Required documents:
01 National ID card
02 Police report (an online police report is acceptable)
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