ถาม-ตอบ บริการโอนเงินไปต่างประเทศ (ttb outward remittance)

Q:

What is SWIFT Code?

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Bank Identifier Code used for bank transfer between international banks and financial institutions globally. International standard code is called BIC Code or SWIFT Code.is a standard format for Business Identifier Codes (BIC).

Q:

What is IBAN?

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IBAN or International Bank Account Number is account number of receipient account located in Europe and Middle East. This information is required when making fund transfer to Europe and Middle East. Without IBAN, recipient bank will not be able to complete international transfer transaction and will return the fund back to originating bank.

Q:

Does ttb has outward remittance service via online channel?

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ttb has outward remittance service via Mobile Banking, ttb biz touch and Internet Banking, ttb business click with lower transaction fee comparing to branch counter. More simple, convenience and secure when transact via ttb digital channels without a need to go to bank branch.

Q:

Is there any maximum amount limit for outward remittance?

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The Bank of Thailand setup maximum limit for outward remittance based on source of fund/purposer of fund transfer and suppoting document e.g., payment to oversea for goods and service will require supplier invoice as supporting document.

Q:

Which foreign exchage rate does the bank apply for outward remittance transaction?

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Bank Selling Rate T/T will be used for outward remittance exchage rate.

Q:

Can bank remit fund to overseas account in THAI Baht currency?

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Yes, if recipient bank accept THAI Baht currency with additional charge of 0.25% fee from the transfer amount (minimum 300 Baht with no maximum limit) and 450 Baht transaction fee.

Q:

How much does it cost to remit funds out of Thailand using SWIFT?

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Outward remittance fee
  • Sender is responsible for ttb fee and recipient is responsible for foreign bank charge (charge BEN) - 450 Baht/transaction
  • Sender is responsible for both ttb and foreign bank charge (charge OUR) - 750 Baht/transaction except JPY with addtional charge of 0.05% of the transferred amount (minimum 5,000 JPY) and GBP with additional charge of 1,000 Baht/transaction

Q:

Do I need to provide documents to declare my purpose of outward remittance?

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The Bank of Thailand requires all Commercial Banks to request for documents from customers to declare purpose of outward remittance transaction e.g., invoice for oversea payment for goods and service. For foreigners, salary certificate is required to declare source of income for outward remittance transaction.

Q:

Which countries can be transferred to?

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You can remit fund to any countries worldwide except recipients who are on OFAC List or other related sanction lists.

Q:

How long does international fund transfer take?

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Processing time of fund transfer depends time zone, office hours of each country and recipient bank policy.

Q:

What is the process if recipient does not receive the transfer amount and sender needs to cancel the transaction?

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Please contact ttb corporate call center 0 2643 7000 Mon – Sat 8:00 AM – 8:00 PM except national holidays and bank holiday.