Continuing its efforts to enhance the digital banking experience, Siam Commercial Bank (SCB) has partnered with Hua Seng Heng, a leader in online gold trading platforms, to launch an online gold trading service. Customers can now trade 99.99% gold in USD on Hua Seng Heng's USD GOLD TRADE app by linking their SCB e-FCD savings accounts via the SCB EASY app. This service offers real-time transactions, starting from just 0.1 troy ounces, reducing the impact of Thai Baht fluctuations and making gold investment seamless and accessible for the new generation.
Mr. Rungsi Vongkitbuncha, Executive Vice President and Head of Corporate Banking and International Banking, SCB, stated, "Following its "Digital Bank with a Human Touch" strategy, SCB is committed to enhancing the digital banking experience by targeting the emerging wealth market, focusing on young individuals with potential seeking to build their wealth early on. By leveraging cutting-edge financial technology and innovation, SCB continues to develop new investment solutions in collaboration with business partners. In partnership with Hua Seng Heng, SCB has launched an online gold trading service for customers to trade gold online and make payments or receive funds through their SCB e-FCD account on the USD GOLD TRADE app. Customers can now trade 99.99% gold in USD through the USD GOLD TRADE app by linking their SCB e-FCD savings account via the SCB EASY app. This service offers real-time transactions, making global gold investment more accessible, convenient, and secure. Customers can link their SCB e-FCD savings account via the SCB EASY app to the USD GOLD TRADE app from Hua Seng Heng and start investing in global gold markets starting from just 0.1 troy ounces with real-time Live Gold Spot prices. It also helps mitigate the impact of Thai Baht fluctuations, as an efficient option to profit from online gold trading in USD."
"SCB e-FCD savings account via the SCB EASY app are savings in foreign currencies for people in the digital age looking for smart savings or new investment opportunities to build wealth. They seek to expand their investments into global markets and gold, while effectively managing exchange rate risks. For customers without an e-FCD account, opening one is easy through the SCB EASY app, without the need to visit a bank counter. This allows customers to make transactions anytime, anywhere, truly meeting the needs of modern investors. We hope this service will encourage young investors to consider gold as an alternative asset to diversify their investment risks amidst the highly volatile global investment landscape."
Mr. Tanarat Pasawongse, Chief Executive Officer of Hua Seng Heng Group, said, "Investors are showing growing interest in gold investments. Since the beginning of the year, the Gold Spot has increased by 8% due to significant market volatility. We anticipate that the Gold Spot will reach $3,000 this year, despite ongoing trade tensions between China and the US. If China imposes retaliatory tariffs, the US could be at a disadvantage, as these tariffs are likely to have a substantial impact on the US economy. Rising costs in the US could lead to economic challenges, which would, in turn, boost demand for gold. The US Dollar Index is also expected to remain strong in the first half of this year. Our partnership with SCB aims to mitigate the risks from Thai Baht volatility and fluctuating exchange rates. This partnership will enhance the online gold trading experience, making it convenient, fast, and secure, catering to the digital age and young investors."
Customers interested in trading gold online and making payments or receiving funds through their SCB e-FCD account on the USD GOLD TRADE app can follow these steps:
For more information, please call the SCB Call Center at 02-777-7777, visit any SCB branch nationwide, or find more details at https://www.scb.co.th/en/personal-banking/deposits/foreign-currency-deposit/e-fcd.