Basic Banking Account

Benefits and Highlights

• No minimum amount required for account opening or deposits.
• Convenient for deposits, withdrawals, and transfers at every branch on all working days. Transaction fees (if applicable) are subject to the Bank's announcement.
• It can be used as an account to receive transfers or to be linked for transferring to other types of accounts.
• Withdrawals can be made conveniently and flexibly using an ATM card, free of charge and with unlimited transactions at over 6,000 ATMs of Thai Credit Bank and Krungthai Bank (free of charge only within the same area).

Terms of Service

• This account is available only to Thai individual clients who are entitled to benefits under the state welfare card and hold a valid state welfare card, or to those aged 65 years and older on the account opening date.
• Each depositor can open only one account (joint accounts with (and/or/for/by) are not accepted).
• No deposit account maintenance fee is charged until the Basic Banking Account is converted to the Bank's general savings account (individual depositor type, with the lowest interest rate).
• No account closing fee is charged within one month from the account opening date.
• Clients can use the PromptPay account linking service with a transaction fee (if applicable), as per the Bank's announcement.
• In the case of applying for an ATM card to use with a Basic Banking Account, the privileges apply in exempting from the following fees:
  • Entry Fee.
  • Annual Fee.
  • Fee for new card issuance in case of expired card.
  • It is entitled to link an ATM card only to a Basic Banking Account, and one card can be linked to only one account.
     

Interest Payment

• Interest is calculated daily and paid twice a year (on the 25th of June and December; interest can be withdrawn the next day).
• Interest received that is exempt from tax on deposit interest is based on savings deposits, according to the conditions set by the Revenue Department.
• Savings deposit interest rates are in line with the Bank's interest rate announcement.

Conversion to a General Savings Account

The Bank reserves the right to convert the status of the Basic Banking Account to the Bank's general savings account (lowest interest rate savings, individual depositor type) by providing at least 30 days' prior notice. If the depositor does not respond regarding the account transaction, the Bank will automatically apply the conditions of the general savings account (lowest interest rate savings, individual depositor type) if any of the following conditions are met:

1. No transactions or account activity for more than 24 consecutive months.
2. The account owner no longer meets the eligibility requirements for a Basic Banking Account.

Supporting Documents for Account Opening

• Thai individuals who hold a valid state welfare card and provide supporting documents for account opening, including presenting a physical national ID card and the valid state welfare card.
• Thai individuals aged 65 years and older on the account opening date, who provide supporting documents for account opening, including a physical national ID card.
   

Remarks :

1. Closing an account: Accounts can only be closed in person at the branch where the account was opened.
2. The Bank reserves the right to amend the conditions in accordance with its announcements.
3. Deposit interest rates, fees, and other services are subject to the Bank's announcements.
4. The deposit is protected by the Deposit Protection Agency, up to the amount specified by law.