Krung Thai Bank offers government bonds through ATMs

Krung Thai Bank offers government bonds through ATMs
Tags: Asia, Australia & Pacific, Bank / Credit Union, Multifunction ATMs
August 29, 2011

The Bangkok Post reports that Krung Thai Bank yesterday signed a contract with the Finance Ministry to provide subscription service for 50 billion baht worth of government bonds through the bank's 1,000 branches and 7,300 ATMs.

Selling bonds via ATM is a first for the country.

Consumers who want to purchase the government bonds must open a KTB savings deposit account. An ATM card will then be issued, and no surcharge fees will be charged for the transactions. The three-year bond offers a coupon rate of 3.75 percent.

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