Spot transaction refers to the buying or selling of foreign currency with spot exchange rate at the time of the transaction and time frame for settlement is within two business days from the trade date with SCB.
Forward transaction is a commitment between two parties to exchange currencies, agreeing on an exchange rate and the settlement will be at a specific time in the future.
A service for needs to preserve capital in terms of gold and invest to make profits by speculating fluctuation in gold prices.
Transactions can be made anytime, anywhere on smart phones/tablets for account inquiries, remittance, depositing & other utilities.
Instant updates in SMS of account balance & other information such as FX rates, interest rates, SCB’s transaction outlets, etc.