Advice to E-Commerce Business Operators in Thailand
You can now receive e-commerce payments from your online payment service provider in the US directly to your account at Bangkok Bank in Thailand. The payments come directly via the US ACH system and Bangkok Bank’s New York branch.
Benefits of the service
Bangkok Bank will convert the USD funds sent by the online payment service provider into Thai Baht using Bangkok Bank’s prevailing daily exchange rate in Thailand, giving you a better exchange rate.
You will receive your funds within two business days after our New York branch has received the money transfer from the sender’s bank.
Open a savings account or current account at any Bangkok Bank branch in Thailand. If you already have an account with Bangkok Bank, you can use your existing bank account for this service. However, the name of the existing or new Bangkok Bank account must be the same as the name you have registered with your online payment service provider. (If a mismatch occurs, the transfer instruction will not be completed and the funds will be returned to the online payment service provider).
Register your new bank account number with your online payment service provider then proceed as follows:
Select United States as the country.
Bank Name:
Bangkok Bank (without specifying a branch name)
Account Type:
S/A or C/A (choose type of account)
Routing Number:
026008691 (Enter the 9-digit routing number for Bangkok Bank’s New York branch)
Account Number:
xxxxxxxxxx (Enter the 10-digit number of your Bangkok Bank account)
Re-enter Account Number:
xxxxxxxxxx (Enter the 10-digit number of your Bangkok Bank account again)
The online payment service provider will send an email to confirm that they have added your Bangkok Bank account.
The online payment service provider will initiate two trial deposits by sending small amounts of less than USD 1.00 to your bank account in Thailand.
The online payment service provider will ask you to confirm the amount of the trial deposits - DO NOT RESPOND TO THIS REQUEST as it is intended only for recipients that have bank accounts in the US.
