Residents can open and maintain foreign currency accounts domestically and abroad. Domestic currency resident accounts are convertible into foreign currency for certain payments including for payments aboard. Resident domestic currency accounts may be held abroad with approval from the Bank of Thailand. Non-residents are also able to open and maintain domestic and foreign currency accounts in Thailand. Domestic currency non-resident accounts are not convertible into foreign currency. Non-resident entities may hold no more than THB300m daily in all their domestic currency accounts. Non-resident domestic currency accounts are divided into two types: non-resident domestic accounts for investment in securities and other financial instruments (NRBS), and non- resident domestic accounts for general purposes (NRBA). THB transfers can only be made within the same type of accounts. THB transfers between NRBS and NRBA are not allowed