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ttb cash concentration account

A high-yield savings account with step-up interest rates (split rate) at each deposit amount threshold. The interest is calculated from the remaining account balance at day end. Refer to the Bank’s announcement for details on deposit threshold for the split rate and interest conditions.

Benefits

High yield from deposit interest rates.
Interest will be calculated on a step-up basis (split rate) from the balance in each deposit threshold amount at day end.  The Bank will pay interest on savings deposit twice a year in June and December after deduction of withholding tax on deposit interest income in accordance with the Revenue Department’s Regulations.

Conditions

Juristic persons, with a minimum initial deposit of 500 THB.

Document Required

For Juristic Persons

  1. A copy of the identification cards of the executive director, the authorized director, shareholders with at least 20% share, and the authorized person appointed by the company
  2. Certificate of Company Registration (certification document from the Ministry of Commerce) / must be submitted within 3 months of certification from the Ministry of Commerce
  3. Certified copy of the list of shareholders (Bor. Or. Jor. 5), submitted within 3 months of certification from the Ministry of Commerce
  4. Minutes of meeting of directors with the request to open the account / Letter of request to open a bank account / Power of attorney letter (in the event where authorized signatory to open a bank account or to perform banking transactions is not specified in either the minutes of meetings or the letter of request)
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