How Multi-Currency Banking is Transforming How Thais Can Build Wealth 

Banking and building wealth have often been viewed as separate endeavours. You bank in one account but build your wealth separately. You might have one account for spending and another for saving on your own terms. But banking and saving shouldn't have to be so fragmented, especially in a world where international borders are blurring together. This guide explores how Thais can take advantage of iFAST Global Bank to save and spend in one holistic banking relationship. 

Sign up from anywhere 

Most banks only permit individuals who live in the same country as them to sign up to their services. For example, a Thai bank may only allow people who live in Thailand to sign up to their services. iFAST Global Bank doesn't follow those standards. While iFAST Global Bank is a UK based digital bank, customers from all around the world are eligible to open an iFAST Global Bank account using their domestic documents. A Thai could use their Thai passport and Thai proof of address to create an iFAST Global Bank account, and have access to the UK banking system, enabling them to make cross-border transactions that much easier. 

Fee applies for same-currency international transfers. T&Cs Apply. 

Earn while you bank 

Even down to the little details, banking has always been separated from earning. While some banks offer an easy saver option, enabling customers to earn money that they can take out at any time, an interest-bearing current account is considered a rarity among banks. Fortunately, when banking with iFAST Global Bank, customers can access 11 of them. As a multi-currency bank, iFAST Global Bank customers can spend and save in up to 11 different currencies, including GBP, EUR, and USD, ensuring that customers are earning at all times, even on the money that they use day-to-day*. 

*18+, Interest rates are variable and are subject to change. Details regarding the interest rates can be found on our website at www.ifastgb.com. Please refer to our website for full terms and conditions. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). https://www.fscs.org.uk/ has further details on the scheme. 

Save on your own terms 

Multi-currency fixed-term deposits further bridge the gap between banking and earning. iFAST Global Bank Customers can lock their money up for a fixed term and earn greater interest on their money, in 10 out of 11 possible currencies, including USD, GBP, and EUR. Furthermore, while other banks demand a minimum term of 1 year to create a fixed term deposit, iFAST Global Bank customers have access to minimum terms of 1 month and maximum terms of 5 years, depending on the currency, ensuring that you're able to save on your own terms**. 

**iFAST Global Bank Fixed Term Deposits are subject to a fixed deposit term. Early withdrawal before maturity is not permitted unless under exceptional circumstances and may result in loss of all accrued interest. A 14-day cooling-off period applies from the date of application, during which you may cancel your fixed term deposit without penalty. More details can be found on our website at www.ifastgb.com. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). More details: https://www.fscs.org.uk/. T&Cs apply. 

Digital debit card 

Since iFAST Global Bank's inception, our Multi-Currency Debit Card has only been available for customers residing in the UK. That's now changing. Customers in Thailand are part of a special group designated for early access, allowing them to experience the iFAST Global Bank Multi-Currency Debit Card without being a UK resident. 

For customers looking to take part in the early access programme, they can earn early access to the iFAST Global Bank virtual Debit Card through a referral programme, where customers need to refer customers to sign up to iFAST Global Bank to climb the ranks and get on the whitelist. The whitelist will be updated periodically, with top referrers being granted access. Even if you don't make it, don't worry! After early access ends, all Thailand based customers will be able to enjoy the iFAST Global Bank virtual debit card, free of charge. 

The iFAST Global Bank virtual Debit Card gives internationals true access to the UK banking system without having to live there, allowing customers to spend all 11 currencies natively from their iFAST Global Bank account, meaning that Thai customers have one more option up their sleeves when spending abroad. 

Banking Built to Break Boundaries 

In the modern world where international barriers are coming down faster than ever, banking should facilitate that, not restrict it. With a suite of features built to facilitate international banking, and the addition of the iFAST Global Bank virtual debit card, Thais are more equipped than ever to take advantage of the international banking system, by spending, sending, and saving in one holistic banking relationship. 

Thai customers already have the crown. The iFAST Global Bank virtual Debit Card makes the final perfect jewel to make the crown look perfect.