Banks offer savings accounts for low-income earners, elderly persons without fees

0
1028
The Bank of Thailand has launched a campaign for low-income earners and elderly persons aged 65 years or over to open savings accounts at banks without fees.
The Bank of Thailand has launched a campaign for low-income earners and elderly persons aged 65 years or over to open savings accounts at banks without fees.

The Bank of Thailand has launched a campaign for low-income earners and elderly persons aged 65 years or over to open savings accounts at banks without fees.

The central bank issued a statement on the latest savings account service provided by commercial banks, saying that it will help the low-income earners and elderly persons have access to more convenient financial services.

Under the campaign, the low-income earners and elderly persons aged 65 years or over can open new savings accounts with 16 banks in Thailand without having to pay any fees. There is no minimum requirement for the value of such savings account for which a waiver to ATM fees is also provided.

The new offer is currently available with 16 banks in Thailand. Holders of state welfare cards are advised to produce them to the banks’ staff when requesting to opening such savings accounts.