Kwan Bualuang Deposit Account

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Tue 05-Mar-2019 04:03 PM / Other Support Team / 819

Rest easy with a savings account that comes with a coverage plan from Bangkok Life Assurance PLC. that covers all situations and receive coverage up to 2 million baht with the only qualification being 5 to 60 years of age.


Open an account with a minimum deposit of 5,000 baht but not exceeding 200,000 baht, with a premium of 0.50% per year which will be deducted from your savings account after transferring the interest into the account on the last date of the fiscal year (end of June and December every year)

  • 24 hours of accident coverage
  • No medical checkup
  • Any occupation
  • Cheap premium
  • Bangkok Bank will be responsible for transferring your premiums to Bangkok Insurance Public Co., Ltd.
  • Use Be 1st debit card to make transactions via ATMs
  • Use as collateral to request credit
  • Covers all accidental death, terminal illness and accidental disability if the account average balance is over 5,000 baht.
  • Covered by Bangkok Life Assurance PLC. under the terms, conditions and exceptions of the Group Insurance Policy for a holder of a Kwan Bualuang savings account as detailed in the received certificate of insurance.
  • Life Insurance of Kwan Bualuang savings account is a group type. Premiums cannot be used for tax deductions.
  • Eligible to open more than one account. Receive at least 5,000 baht coverage but not exceeding 200,000 baht from all accounts combined. 

Bangkok Bank Public Co. Ltd

179 Thetsaban 13 Alley, Tambon Prasat, Amphoe Ban Kruat, Chang Wat Buri Ram 31180, Thailand

Bangkok Bank was established in 1944 and was listed on the Stock Exchange of Thailand in 1975. One of Thailand's largest banks, Bangkok Bank has an extensive distribution channel network to serve a variety of customers. Services are provided through physical premises such as branches and business centres, digital banking such as internet banking ("Bualuang iBanking"), mobile banking (Bualuang mBanking), phone banking, 9,300 ATMs, 1,200 CDMs, and other self-service machines.

Bangkok Bank currently has the largest overseas branch network of any Thai bank with 32 international branches in 15 economies, including wholly owned subsidiaries in Malaysia and China. The international branch network is concentrated in Southeast Asia, China, Hong Kong, Taiwan and Japan; and the bank also has branches in London and New York. Bangkok Bank is the only Thai bank with a local bank in China with its head office in Shanghai and six branches. The China branches are in Shanghai, Beijing, Shenzhen, Chongqing, Xiamen, and the Shanghai Free Trade Zone. Bangkok Bank has 16 international branches in ASEAN countries which form the ASEAN Economic Community (AEC). Bangkok Bank is the only Thai bank to have a branch in Myanmar where its Yangon Branch opened on 2 June 2015.

As of April 2018, Bangkok Bank has 1,167 branches in its domestic network, including self-service outlets, covering all 77 provinces in Thailand.[10] The branch network is one of the largest branch networks among Thai banks, second only in size to Krung Thai Bank.[10]In 2015 the bank also had 112 business centres, 129 business desks and 68 trade finance centres.

Bangkok Bank has a full range of business, investment banking and personal banking services. It is one of the most active global traders of Thai baht and baht-denominated bonds. The bank trades in all major currencies as well as a large number of regional currencies. Other services include same day transactions in import and export bills, inward and outward remittances, swaps, options, and forward contracts trading in the primary and secondary markets for government bonds and corporate debentures.

The company's current president is Chartsiri Sophonpanich, the grandson of its founder and former president Chin Sophonpanich, and the son of former president Chatri Sophonpanich, who is the chairman of Bangkok Bank.

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For Thai nationals

  • The ID card or any government-issued photo ID card with a 13-digit ID number

For foreigners

1. Foreigner with a work permit

  • Passport
  • Work Permit

2. A foreigner without the work permit

  • Passport
  • A reference letter issued by one of the following institutes or organizations or required document
    • Embassy located  in Thailand 
    • An overseas bank where the customer holds an account sent via SWIFT
    • Trusted individuals such as a Bangkok Bank staff member or customer, director of a private company, permanent residence in Thailand, government or private educational institutes located in Thailand trusted by the Bank
    • Trusted companies, e.g., an employment letter from the company if the customer is in the process of applying for a work permit.
    • Document showing ownership of a fixed asset such as a condominium sale/purchase agreement (a condominium which is acceptable to Bangkok Bank) Or a property reservation agreement valued at 100,000 baht or more with a reference letter from the property developer that is acceptable to Bangkok Bank.

Notes: Contact addresses for both Thailand and overseas must be provided (hotel and P.O. Box addresses are not acceptable).

3. Foreigner with permanent residence in Thailand

  • Passport, Certificate of Residence, or Alien Certificate 
  • House Registration document

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