Public Bank Lao Limited

It’s a hybrid account that offers the convenience of a checking account while letting you enjoy the attractive interest rates provided by a savings account. Truly a smart account that offers you more!

Here’s what ACE account offers you:

A specially designed ACE account cheque book with better security of UV emblem.

Multi-tiered interest calculated daily based on the day end balances above threshold amount and payable on the last day of each month
A hardcopy consolidated monthly statement is provided on request, making easier for you to keep track of your expenditure and manage your account.
Easy access to your account through any Public Bank branch and ATM.
Type of Deposit Currencies Available:
Lao Kip, US Dollar and Thai Baht

Initial Deposit

Individual / Joint Account	Companies / Entities
LAK4,000,000	LAK8,000,000
USD500	USD1,000
THB20,000	THB40,000

Eligibility

18 years old and above
Individual
Joint Account
Non-resident individual
Sole Proprietorship
Partnership Account
Company Account
Association, Clubs or Society Accounts (Non-Government Bodies)
Non-resident companies

Interest rate
LAK Currency

Individual/Joint Account	Companies/Entities	Interest Rate
LAK10,000,001 - 500,000,000	LAK50,000,001 - 500,000,000	1.00% p.a.
LAK500,000,001 - 3,000,000,000	LAK500,000,001 - 3,000,000,000	1.50% p.a.
Exceeding LAK3,000,000,000	Exceeding LAK3,000,000,000	2.00% p.a.

USD/THB Currency

Individual/Joint Account	Companies/Entities	Interest Rate
USD1,000.01 - 4,000.00 THB40,000.01 - 160,000.00	USD3,000.01 - 15,000.00 THB120,000.01 - 600,000.00	0.50% p.a.
Exceeding USD4,000.00 Exceeding THB160,000.00	Exceeding USD15,000.00 Exceeding THB600,000.00	1.00% p.a.

Fees and Charges

Half Yearly Annual Fee	LAK40,000 / USD5 / THB200
Cheque Book Fee	LAK60,000 / USD3 / THB135 or equivalent *
Cheque Returned Due To Insufficient Fund	USD50 or equivalent * (per cheque)
Stop Payment of Cheque	USD5 or equivalent * (per cheque)
Charge for Account Closure	USD5 or equivalent if account closed less than 3 months *

*Base Conversion Rate USD1 = LAK20,000 / THB40

Account Opening Requirements

Individual/Joint:

Identification Card/Family Book
An Introducer is required

Sole Proprietorship/Partnership Account/Company Account

Identity Card of the Sole Proprietor
A copy of the Business Registration Form
A Copy of the Tax Registration Form
An Introducer is required

Association, Clubs or Society Accounts (Non-Government Bodies)

Identity Card for the Signatories
A copy of the Certificate of Registration
A copy of the Certified Resolution/Minutes of Meeting passed by the Management Committee
An Introducer is required

Non-Resident Individual

Original Passport/Identity Card
Work permit or
Family Book or Marriage Certificate, if the applicant is married to a Laotian
An Introducer is required

Non-Resident Companies

Original Passport/Identity Card
Business Registration
Company Resolution
Terms and condition of company establishment (if any)
An Introducer is required

Term and Conditions Governing ACE Account:
English version, please click here
Laos version, please click here

Your Deposits is Protected by the Deposit Protection Office in Accordance with Regulations.

Ace Account