Does Kasikorn offers Foreign Currency Fixed Deposits, if so and if anybody knows, once the account is furnished with the foreign currency can such foreign currency be transferred to another country as such currency or does Kasikorn does the same way as Bangkok Bank, one has for example USD on the FCFD account and wants to transfer some of such USD to a different country, the BKB first will convert such USD into TBaht and then convert from TBaht back to USD, I know this is so stupid and difficult to understand but that's what was offered to me recently, thus I am looking for a local bank that allows me to transfer the USD directly to another country without the back and forth conversion

btw... I couldn't find detailed information in their website

12 minutes ago, Mavideol said:

my French passport does

Passports of some countries have, some don't have. My passport does have too, but not on biodata page. On Page 1 there is a column, called residence.

5 minutes ago, Mavideol said:

Does Kasikorn offers Foreign Currency Fixed Deposits, if so and if anybody knows, once the account is furnished with the foreign currency can such foreign currency be transferred to another country as such currency or does Kasikorn does the same way as Bangkok Bank, one has for example USD on the FCFD account and wants to transfer some of such USD to a different country, the BKB first will convert such USD into TBaht and then convert from TBaht back to USD, I know this is so stupid and difficult to understand but that's what was offered to me recently, thus I am looking for a local bank that allows me to transfer the USD directly to another country without the back and forth conversion

btw... I couldn't find detailed information in their website

I know you can open an Foreign Currency account with KBank but don't know for sure whether there's a mandatory conversion to THB if you wanted to offshore the funds... CO-Pilot thinks not...

In short: Yes, with your Non O Visa you should be able to open a USD FCD account at Kasikorn Bank, hold USD, and transfer USD abroad without conversion to THB — provided the funds meet their source-of-income rules.

Grok also thought not...

Holding & transferring USD:

• You can hold USD directly.

• Transfer/withdraw in USD (e.g., SWIFT to US account) without converting to THB—no extra docs needed for foreign-currency outbound transfers.

and pointed me to the KBank page...

Forms of Withdrawal...

• Foreign banknotes

• Foreign drafts

• Traveler’s cheques

• For exchange into Baht

• For transfer to other countries per the objectives set by BOT

• For transfer to another FCD account

https://www.kasikornbank.com/en/personal/account/pages/foreign-currency.aspx

So it would depend on whether the transfers were "per the objectives set by BOT" which are:-

Bank of Thailand (BOT) objectives (per BOT Act and official mandate):

• Foster a stable, sustainable, and inclusive macroeconomic and financial environment.

• Promote monetary stability (price stability) and formulate monetary policy.

• Maintain financial institutions stability and payment systems stability.

• Preserve overall national economic and financial stability to support sustainable economic growth.

In FCD context, regulations align with these by managing foreign exchange flows to support stability without unnecessary THB conversion for permitted outbound transfers.

Apart from the obvious FX loses in doing a USD:THB:USD conversion to send the money, I believe (please confirm this with an actual Tax accountant, this is just my understanding) that bringing foreign currency into Thailand is not considered remitted income until it is converted to THB so USD:USD you haven't brought the money in, USD:THB:USD you've remitted the money into Thailand so it's potentially tax assessable

BTW, I achieve the same thing (with more interest & without having to move money into Thailand) with GBP by having accounts with WISE & Revolut where I can transfer money into different currency pots...

There are more Options with Wise >40 Pots:-

• Number of currencies: You can hold 40+ currencies in your Wise account.

• Supported currencies for holding: Includes all major ones like USD, EUR, GBP, AUD, CAD, JPY, SGD, THB, INR, and many more.

• Adding money: You can top up in a subset of currencies (AUD, CAD, CHF, CZK, DKK, EUR, GBP, JPY, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, plus some region‑specific ones like BRL, CNY, IDR, ILS, HKD, MYR, PHP with restrictions).

• Restrictions: Some currencies have conditions — for example, BRL requires Brazilian tax residency, MYR requires a Malaysian address, PHP requires a Philippine address, etc.

• Transfers: You can send money to over 50 currencies worldwide, always at the mid‑market exchange rate.

But I find Revolut a little bit cheaper & fantastic to use when I'm travelling... 39 Pots:-

• Middle East & Africa: AED, EGP, MAD, QAR, SAR, ZAR

• Asia-Pacific: AUD, CNY, HKD, IDR, INR, JPY, KRW, NZD, PHP, SGD, THB, VND

• Europe: CHF, CZK, DKK, EUR, GBP, HUF, ISK, NOK, PLN, RON, RSD, SEK, TRY

• Americas: CAD, CLP, COP, MXN, USD

• Other: ILS, KZT

17 minutes ago, Mavideol said:

Does Kasikorn offers Foreign Currency Fixed Deposits

They do.

https://www.kasikornbank.com/en/personal/pages/account.aspx#foreign

3 hours ago, SamSpade said:

I know you can open an Foreign Currency account with KBank but don't know for sure whether there's a mandatory conversion to THB if you wanted to offshore the funds... CO-Pilot thinks not...

In short: Yes, with your Non O Visa you should be able to open a USD FCD account at Kasikorn Bank, hold USD, and transfer USD abroad without conversion to THB — provided the funds meet their source-of-income rules.

Grok also thought not...

Holding & transferring USD:

• You can hold USD directly.

• Transfer/withdraw in USD (e.g., SWIFT to US account) without converting to THB—no extra docs needed for foreign-currency outbound transfers.

and pointed me to the KBank page...

Forms of Withdrawal...

• Foreign banknotes

• Foreign drafts

• Traveler’s cheques

• For exchange into Baht

• For transfer to other countries per the objectives set by BOT

• For transfer to another FCD account

https://www.kasikornbank.com/en/personal/account/pages/foreign-currency.aspx

So it would depend on whether the transfers were "per the objectives set by BOT" which are:-

Bank of Thailand (BOT) objectives (per BOT Act and official mandate):

• Foster a stable, sustainable, and inclusive macroeconomic and financial environment.

• Promote monetary stability (price stability) and formulate monetary policy.

• Maintain financial institutions stability and payment systems stability.

• Preserve overall national economic and financial stability to support sustainable economic growth.

In FCD context, regulations align with these by managing foreign exchange flows to support stability without unnecessary THB conversion for permitted outbound transfers.

Apart from the obvious FX loses in doing a USD:THB:USD conversion to send the money, I believe (please confirm this with an actual Tax accountant, this is just my understanding) that bringing foreign currency into Thailand is not considered remitted income until it is converted to THB so USD:USD you haven't brought the money in, USD:THB:USD you've remitted the money into Thailand so it's potentially tax assessable

BTW, I achieve the same thing (with more interest & without having to move money into Thailand) with GBP by having accounts with WISE & Revolut where I can transfer money into different currency pots...

There are more Options with Wise >40 Pots:-

• Number of currencies: You can hold 40+ currencies in your Wise account.

• Supported currencies for holding: Includes all major ones like USD, EUR, GBP, AUD, CAD, JPY, SGD, THB, INR, and many more.

• Adding money: You can top up in a subset of currencies (AUD, CAD, CHF, CZK, DKK, EUR, GBP, JPY, NOK, NZD, PLN, RON, SEK, SGD, TRY, USD, plus some region‑specific ones like BRL, CNY, IDR, ILS, HKD, MYR, PHP with restrictions).

• Restrictions: Some currencies have conditions — for example, BRL requires Brazilian tax residency, MYR requires a Malaysian address, PHP requires a Philippine address, etc.

• Transfers: You can send money to over 50 currencies worldwide, always at the mid‑market exchange rate.

But I find Revolut a little bit cheaper & fantastic to use when I'm travelling... 39 Pots:-

• Middle East & Africa: AED, EGP, MAD, QAR, SAR, ZAR

• Asia-Pacific: AUD, CNY, HKD, IDR, INR, JPY, KRW, NZD, PHP, SGD, THB, VND

• Europe: CHF, CZK, DKK, EUR, GBP, HUF, ISK, NOK, PLN, RON, RSD, SEK, TRY

• Americas: CAD, CLP, COP, MXN, USD

• Other: ILS, KZT

Thanks for the detailed info, do appreciate, unfortunately BkB said the same thing when I open the account 16 years ago, have kept the money (USD) there for the Non O retired extensions, which I no longer need as have other options, thus went to the BkB and instructed them to send/SWIFT transfer my USD to another account outside Thailand, that's when they told me, can NOT transfer USD from your account, first transfer USD from your FDFC account to savings BAHT account then from savings account transfer wherever you want and the BKB will convert the BAHT back to USD to proceed with the SWIFT transfer, thus making me lose close to 20 K baht, I told the manager at the branch that's called high way robbery

BTW.... the USD were originally transferred from outside country to Thailand in USD currency, never converted into baht and they show in USD currency on my account, since it's my money in USD why do I have to convert it and re-convert it back, it doesn't make any sense,they can go back and check how it was deposited 16 years, thus I follow BofT guidelines

UPDATE #3

What’s that old saying?  If at first you don’t succeed, try, try again.

Well, not wishing to be beaten, I decided to give it another try to open a Kasikorn savings account.  This time I adopted another old saying namely, if you want to get things done, "talk to the organ grinder, not the monkey".

So, I decided to try my luck by making my request at Kasikorn’s HQ, near Ari BTS in Bangkok.

I was there at 08:30am, and #1 to enter when the doors opened.  I obtained a queue # for ‘Foreigner Service’ from the machine and was almost immediately called to one of the Customer Services Officers (CSO). I informed her that I would like to open a savings account for the purpose of holding funds to support my Immigration Non-O status.

The CSO asked for my passport and quickly thumbed through the past 5 years Immigration stamps (Non-O permission to stay based upon Retirement). I noted that the CSO held my biographical page open for some time whilst she typed something into her PC.

She then asked me if I had proof of address in Thailand, such as an Immigration Certificate of Residence (CoR)?  I said that I didn’t have a CoR, but I had a Yellow Book, Pink Card and Thai driving licence which I handed to her, and she proceeded to examine them closely. 

Then came the ‘million-dollar' question. Do you have ID from my home country?  I advised her that the UK does not have ID cards like Thailand, my passport is the only ID issued by the UK Authorities.  She then asked if I have a UK driving licence or any other official government document with my address in the UK?  I advised her that I left the UK some 13 plus years ago and I no longer have an address in the UK.  All communications with UK Authorities, such as Tax etc, are done online.

I thought that I would get the same stonewall reaction (even if it was done very nicely - Sorry cannot do without ID address from home country) as with my previous attempt at my local branch.  The CSO asked me to wait a moment and went off into the back office.  She returned a few minutes later accompanied by the Manager who nicely explained the banks rules regarding foreigners opening new accounts. She showed me the same check list as I was shown by my local branch, but this time in English. I repeated what I had explained to the CSO regarding having no home address in the UK.

I advised the manager that I appreciate the banks need to ‘Know Your Customer’ and comply with both Thailand’s and international regulation concerning money laundering and scam prevention, but if someone has lived in Thailand as long as me, with a good banking/credit record, there should be some ability on the bank to exercise discretion.  I said to her (manager), I stand to be corrected, but your CSO when I gave her my passport may have entered my details into your system and possibly run a credit/security check.  The CSO's face said it all, she had a broad smile from ear-to-ear. The manager also smiled and said she was aware that I had a good record and asked me to wait while she would seek further advice. 

After about 10 minutes, or so, she returned and asked if I had any family in the UK.  I told her I had a daughter.  She (manager) said that if it was OK with me, the bank can use her address to complete the application.  I advised her that I was concerned that I would be giving false information as this was not my home country address.  She assured me that they will indicate that it is my daughter’s address on the system, and not mine.

Having agreed to the bank using my daughter’s address the Manger instructed the CSO to complete the application process and once complete she (the manager) would authorise it.

I have to say I was very impressed, the CSO used a tablet to photograph my passport, Immigration stamps, yellow book and pink card.  After lots of keystrokes and mouse movements on her PC, the CSO handed me her tablet with photos of my documents and an application form (which she pointed out contained my daughter’s home address and the note qualifying the address as my daughter's) and asked me to sign each photo and the application form using a stylus pen. No mounds of paper like Bangkok Bank or Immigration.

The manager returned and entered swiped her card into a reader by the PC and advised me that my application was now approved.  The CSO then proceeded to issue me with a bank book and debit card, as per photo below.

Before leaving, the manager stopped me and thanked me for bringing the home country address issue to their attention.  She said that she would pass the matter I had raised to those concerned with the issuing of the instructions.  She said they may wish to contact me for more information if I was happy to engage, which I agreed.

I was tempted to say that I was previously told that this was a Bank of Thailand directive, but I decided not to rock-the-boat too much and quit whilst winning.

I have to say I was very impressed with their customer service attitude/technology. Both the CSO and manager had very good English skills. Based upon my experience today I would definitely give them, and KBank 10 out of 10.

5 minutes ago, 007 RED said:

I would definitely give them, and KBank 10 out of 10

Great to hear you got your KBank account at last 👍🏻

Don’t want to tempt fate but next step might be to open a Fixed deposit account with them for your immigration monies, this will gate you a little bit of interest but more importantly make it much harder to accidentally spend below the required limits.

2 minutes ago, SamSpade said:

Great to hear you got your KBank account at last 👍🏻

Don’t want to tempt fate but next step might be to open a Fixed deposit account with them for your immigration monies, this will gate you a little bit of interest but more importantly make it much harder to accidentally spend below the required limits.

Many thanks.... I had thought about a FTA but the extra interest rate is not important. The book, plus card, get put in the safe and they only see the light of day when I need to apply for the next permission to stay. I will now use my Bangkok Bank savings account for other necessities.

Did you get the K + app on your phone ?

28 minutes ago, persimmon said:

Did you get the K + app on your phone ?

No... The CSO asked if I want that App putting on my phone, but I declined her offer.

As mentioned in my post above, once I transfer the funds from my Bangkok Bank account to the new KBank account, the book, and debit card, will be locked in the safe. The book will only see the light of day for the annual renewal of my permission to stay (based upon retirement), or perhaps once a month to have the book updated following a small deposit in order to show continuity when presenting the book/statement to Immigration.

2 hours ago, 007 RED said:

UPDATE #3

What’s that old saying?  If at first you don’t succeed, try, try again.

Well, not wishing to be beaten, I decided to give it another try to open a Kasikorn savings account.  This time I adopted another old saying namely, if you want to get things done, "talk to the organ grinder, not the monkey".

So, I decided to try my luck by making my request at Kasikorn’s HQ, near Ari BTS in Bangkok.

I was there at 08:30am, and #1 to enter when the doors opened.  I obtained a queue # for ‘Foreigner Service’ from the machine and was almost immediately called to one of the Customer Services Officers (CSO). I informed her that I would like to open a savings account for the purpose of holding funds to support my Immigration Non-O status.

The CSO asked for my passport and quickly thumbed through the past 5 years Immigration stamps (Non-O permission to stay based upon Retirement). I noted that the CSO held my biographical page open for some time whilst she typed something into her PC.

She then asked me if I had proof of address in Thailand, such as an Immigration Certificate of Residence (CoR)?  I said that I didn’t have a CoR, but I had a Yellow Book, Pink Card and Thai driving licence which I handed to her, and she proceeded to examine them closely. 

Then came the ‘million-dollar' question. Do you have ID from my home country?  I advised her that the UK does not have ID cards like Thailand, my passport is the only ID issued by the UK Authorities.  She then asked if I have a UK driving licence or any other official government document with my address in the UK?  I advised her that I left the UK some 13 plus years ago and I no longer have an address in the UK.  All communications with UK Authorities, such as Tax etc, are done online.

I thought that I would get the same stonewall reaction (even if it was done very nicely - Sorry cannot do without ID address from home country) as with my previous attempt at my local branch.  The CSO asked me to wait a moment and went off into the back office.  She returned a few minutes later accompanied by the Manager who nicely explained the banks rules regarding foreigners opening new accounts. She showed me the same check list as I was shown by my local branch, but this time in English. I repeated what I had explained to the CSO regarding having no home address in the UK.

I advised the manager that I appreciate the banks need to ‘Know Your Customer’ and comply with both Thailand’s and international regulation concerning money laundering and scam prevention, but if someone has lived in Thailand as long as me, with a good banking/credit record, there should be some ability on the bank to exercise discretion.  I said to her (manager), I stand to be corrected, but your CSO when I gave her my passport may have entered my details into your system and possibly run a credit/security check.  The CSO's face said it all, she had a broad smile from ear-to-ear. The manager also smiled and said she was aware that I had a good record and asked me to wait while she would seek further advice. 

After about 10 minutes, or so, she returned and asked if I had any family in the UK.  I told her I had a daughter.  She (manager) said that if it was OK with me, the bank can use her address to complete the application.  I advised her that I was concerned that I would be giving false information as this was not my home country address.  She assured me that they will indicate that it is my daughter’s address on the system, and not mine.

Having agreed to the bank using my daughter’s address the Manger instructed the CSO to complete the application process and once complete she (the manager) would authorise it.

I have to say I was very impressed, the CSO used a tablet to photograph my passport, Immigration stamps, yellow book and pink card.  After lots of keystrokes and mouse movements on her PC, the CSO handed me her tablet with photos of my documents and an application form (which she pointed out contained my daughter’s home address and the note qualifying the address as my daughter's) and asked me to sign each photo and the application form using a stylus pen. No mounds of paper like Bangkok Bank or Immigration.

The manager returned and entered swiped her card into a reader by the PC and advised me that my application was now approved.  The CSO then proceeded to issue me with a bank book and debit card, as per photo below.

Before leaving, the manager stopped me and thanked me for bringing the home country address issue to their attention.  She said that she would pass the matter I had raised to those concerned with the issuing of the instructions.  She said they may wish to contact me for more information if I was happy to engage, which I agreed.

I was tempted to say that I was previously told that this was a Bank of Thailand directive, but I decided not to rock-the-boat too much and quit whilst winning.

I have to say I was very impressed with their customer service attitude/technology. Both the CSO and manager had very good English skills. Based upon my experience today I would definitely give them, and KBank 10 out of 10.

that's great, happy for you, was wondering what will happened if someone visited a small branch, not everybody lives in BkK and has the opportunity to visit a bank HQ

On 2/14/2026 at 3:52 PM, 007 RED said:

My main reason for considering transferring the funds to Kasikorn being the ability to obtain a 12 month statement same day, as opposed to having to apply then wait several days for one from BBL. Not really a show stopper, just a PITA.

Oooh i feel so sad for you, having to go back to the bank a week later.

Did you try getting a 6 month one twice? It worked for me at Immigration Office in Phitsanulok,

1 hour ago, 007 RED said:

No... The CSO asked if I want that App putting on my phone, but I declined her offer.

As mentioned in my post above, once I transfer the funds from my Bangkok Bank account to the new KBank account, the book, and debit card, will be locked in the safe. The book will only see the light of day for the annual renewal of my permission to stay (based upon retirement), or perhaps once a month to have the book updated following a small deposit in order to show continuity when presenting the book/statement to Immigration.

Be sure to give consideration when Changing Banks for annual extension as outlined in this current thread.
https://aseannow.com/topic/1387749-changing-banks-for-annual-extension/#comment-20383953

20 minutes ago, wil iam not said:

Oooh i feel so sad for you, having to go back to the bank a week later.

Chill on the sarcasm. The guy stated "not a show stopper, just a PITA".

And I agree.

All other banks can produce 12 month bank statement on the spot.

59 minutes ago, wil iam not said:

Oooh i feel so sad for you, having to go back to the bank a week later.

Did you try getting a 6 month one twice? It worked for me at Immigration Office in Phitsanulok,

What a pathetic response. Just because it worked for you doesn't necessarily mean that it will work for everyone, matey! I know of at least 1 immigration office which does not consider 2 x consecutive 6-month BBL statements to be acceptable.

1 hour ago, Mavideol said:

that's great, happy for you, was wondering what will happened if someone visited a small branch, not everybody lives in BkK and has the opportunity to visit a bank HQ

And/or if, unlike @007 RED , they didn't have a family member back in their home country whose address they could use (as I don't, for instance).

5 minutes ago, OJAS said:

Or if, unlike @007 RED , they didn't have a family member back in their home country whose address they could use (as I don't, for instance).

When facing a situation that does not make any sense (requiring a home country address for people who did not set a foot for years in the country they happen to be born or used to live), it's IMO fair to provide an answer accordingly. In this case just a give a random address matching your birthplace.

18 minutes ago, Yumthai said:

When facing a situation that does not make any sense (requiring a home country address for people who did not set a foot for years in the country they happen to be born or used to live), it's IMO fair to provide an answer accordingly. In this case just a give a random address matching your birthplace.

One possibility which occurs to me in the light of your suggestion would be to give my parents' address as stated on my birth certificate. The fact that I only lived there for the first 3 weeks of my life back in August 1949 would be neither here nor there, of course!🙄

15 minutes ago, Yumthai said:

In this case just a give a random address matching your birthplace.

And if they request an official document as evidence of the address, as noted in the thread?

4 hours ago, 007 RED said:

I advised her that I was concerned that I would be giving false information as this was not my home country address.  She assured me that they will indicate that it is my daughter’s address on the system, and not mine.

It seems to me the way the system will interpret the data keyed is that your home country address is at your daughter's home so it's still false information. Because you actually have no home country address and the IS is not encoded to record that, unless you could let blank or fill NA in the field "Home country address" which is apparently not possible.

Anyway, no need to worry much about that.

3 minutes ago, Liquorice said:

And if they request an official document as evidence of the address, as noted in the thread?

Just try another branch/bank. Rules are not set in marble in Thailand and every little authority can have their own interpretation.

12 hours ago, Liquorice said:

And if they request an official document as evidence of the address, as noted in the thread?

Interestingly @007 RED was not asked for any proof of his daughter's address if I understand correctly from his update #3.

In my case, of course, my birth certificate should, hopefully, suffice!

12 hours ago, Yumthai said:

Just try another branch/bank. Rules are not set in marble in Thailand and every little authority can have their own interpretation.

Indeed. @Madgee 's experience, as reported up thread, would appear to indicate that individual Kasikorn branch managers have wide discretion in this matter.

1 hour ago, OJAS said:

Indeed. @Madgee 's experience, as reported up thread, would appear to indicate that individual Kasikorn branch managers have wide discretion in this matter.

Which can be abused...............................I was opening an account at a rural branch of Bangkok Bank and when the staff member returned from referring to the manager; she said to my missus "is your Farang American?".....She said no and the staff member said "That's OK then, but the manager doesn't like Americans and won't open accounts for them".

4 minutes ago, hotandsticky said:

Which can be abused...............................I was opening an account at a rural branch of Bangkok Bank and when the staff member returned from referring to the manager; she said to my missus "is your Farang American?".....She said no and the staff member said "That's OK then, but the manager doesn't like Americans and won't open accounts for them".

I was asked at both KBank branches if I was American to begin with until I showed them my passport! I think it's related to the additional work involved in addressing the tax debacle affecting American citizens.

6 minutes ago, Madgee said:

I was asked at both KBank branches if I was American to begin with until I showed them my passport! I think it's related to the additional work involved in addressing the tax debacle affecting American citizens.

Foreign banks probably don't like opening accts for US citizens due to the additional reporting requirements. I never had any problems opening accts with Bangkok Bank, Kasikorn, SCB or UOB, but I live in Bangkok, and not some rural area.

Key Requirements for Foreign Banks Regarding American Accounts:

• FATCA Reporting (Form W-9/W-8): Foreign Financial Institutions (FFIs) must identify "U.S. indicia" (place of birth, address, phone number) and typically require American clients to complete a Form W-9 to disclose their Social Security Number or Taxpayer Identification Number.

• Direct Reporting to IRS: Under FATCA, foreign banks report information about American accounts—including owner identity, account number, and balances—directly to the U.S. Treasury/IRS.

• Compliance Penalties: If a foreign bank does not comply with FATCA reporting, they risk losing access to U.S. markets, including a mandatory 30% withholding on certain payments.