Deposit Guide
Foreign Currency All-around Passbook
The Foreign Currency All-around Passbook lets you make deposits in multiple currencies
| Types of deposits | Foreign currency demand deposit, checking deposit, notice deposit, time deposit |
|---|---|
| Eligibility requirements | None |
| Deposit currencies | 17 foreign currencies (USD, JPY, EUR, GBP, CAD, CHF, HKD, SEK, QUD, DKK, NOK, SAR, KWD, AED, SGD, MYR, and NZD) |
| Minimum deposits | Foreign currency demand deposits and checking deposits do not require an initial minimum deposit. However, an initial minimum deposit of US$100 (equivalent or higher with no upper limit) will apply for foreign currency notice deposits and time deposits. |
| Applicable Interest rates | The agreed interest rate for each deposit type will apply |
| Documents required to open a deposit account | Individuals: Resident registration card, passport, alien registration card, etc. Corporations: Business registration certificate. When using the corporation registration seal, the documents required are: corporation registration seal submission certificate, seal impression (authorized signature book), declaration, corporate seal impression certificate, and a copy of each. |
SC Bank’s foreign currency deposits offer you more advantages.
- You can make deposits or withdrawals nationwide at any of the Bank's branches.
- Enjoy preferential interest rates on your deposits if they exceed a certain amount.
- This financial product is not protected by The Depositor Protection Law.
- If cash is withdrawn from foreign currency deposits, a 'foreign currency handling fee' will be incurred unless the deposits were also made in cash.
