Transfer money from the UK to Thailand

A cost-effective way to transfer money from the UK

Sending money from the UK to Thailand is faster and more cost-effective via the Bangkok Bank London branch using the UK Faster Payments Service or BACS.

Who can use it?

Anyone with a UK bank account can transfer funds into a Bangkok Bank account in Thailand using this service. People who receive a regular payment or pension from the UK government or a private UK organization may find it particularly useful.

Benefits

  • Lower fees than most other international transfer services offered in the UK
  • A quick and convenient way to transfer funds either online or over the counter at any bank in the UK
  • An easy way to receive your pension or salary payments directly into your Thai bank account

What is the difference between the Faster Payments Service and BACS?

Faster Payment will reach our London Branch within two hours. BACS takes three days to reach our London Branch.

How to transfer funds from the UK using your UK bank’s Online Banking or Counter Services

If you have an account with a UK bank, you can transfer funds to your Bangkok Bank account in Thailand via our London Branch using your UK bank’s online services, or instruct your local bank in person to transfer the funds to us (via Faster Payments Service or BACS) for onward transmission. Funds will be credited to the nominated account in Thailand on the next working day after we receive them in London.

Instructions

  1. Log into your UK internet banking service or visit your local UK bank. You need to check with your bank what options are available to transfer funds or make a payment. Choose “Pay a Person” WITHIN THE UK. Do not choose “International Transfer”, otherwise the funds will be sent directly to the account in Thailand by your bank with their charges.

  2. Choose the payment method then quote the following relevant details into the appropriate field on your bank’s internet banking screen or money transfer form.
     

    Required Information

    "Clearing" Service Accounts/Details to be filled in

    Explanation

    Payee Sort Code

    60 93 98

    Bangkok Bank London branch’s 6 digit "sort code"
    Payee Account Number




    92 00 10 00
    (For Thai Baht transfers)



    OR

    • The funds from your UK bank  in Pound Sterling are converted to Thai Baht at Bangkok Bank, London, using the London Branch’s exchange rate.  The Thai Baht funds will then be transferred to the nominated account with Bangkok Bank in Thailand.
    • You will need to enter the account number of the final beneficiary into "the special instruction” field (see below).





    92 00 20 00
    (For Pounds Sterling transfers)

    • Bangkok Bank London receives the funds from your UK bank and transfers them to your account in Thailand in Pound Sterling.
    • The currency is converted from Pound Sterling to Thai Baht at Bangkok Bank, Bangkok, using its daily TT buying rate.
    • You will need to enter the account number of the final beneficiary into "the special instruction" field (see below).
    For Payee/
    Beneficiary

    First name and surname of the receiving party

    Enter the recipient’s first name and surname as shown in the recipient’s Bangkok Bank passbook. DO NOT put Bangkok Bank.
    Special Instruction
    (Payment  Reference or
    Payment Description)

    Ten-digit account number followed by BKKBTHBK

    Enter the full 10-digit Bangkok Bank account number, followed by BKKBTHBK (the SWIFT address of Bangkok Bank in Thailand).

    (e.g. 1234567890BKKBTHBK)



  3. After you correctly enter the details, funds will be transferred into the recipient’s Bangkok Bank account in Thailand the next working day after the funds are received by Bangkok Bank in London.


Please note that the final amount credited to your account will vary according to the conversion option chosen, as the exchange rates used by London Branch and Head Office in Thailand can differ.

For more information, please call Bangkok Bank London's Customer Service Department on (44-207) 929-4422, email operations@bangkokbank.co.uk, or write to Bangkok Bank PCL London Branch, Exchequer Court, 33 St. Mary Axe, London EC3A 8BY.

How to receive payments from a UK-based state/private pension provider or company

If you currently receive UK-based payments such as a pension, annuity or salary, you can arrange for your payments to be directly deposited into your account at Bangkok Bank in Thailand via Bangkok Bank’s London branch.

How to apply

  1. You will need to first register and obtain a unique reference number to send funds to Thailand via Bangkok Bank’s London branch. Registration can be made either in person or in writing with the following documentation and transaction details:
    • Copy of your passport – an original is preferred if visiting the London branch in person.
    • Proof of address – a recent utility bill or bank statement which bears your name and address. Original documentation will be returned upon completion of the funds transfer registration.
    • Copy of your Bangkok Bank passbook account – the account may be in your or another person’s name.
    • Details of the origin of funds – you will need to specify the name of the State/private pension provider or company where the funds originated.
    • Expected amount and frequency of funds transfers (single or recurring funds transfer) to Thailand.

  2. The London branch will post a confirmation letter to you, including the unique reference number and registered bank details.

  3. Provide the confirmation details to your state/private pension provider or company for them to process with each payment. Funds will be received in Thailand the next working day after the funds are received by Bangkok Bank in London.



For more information, please call Bangkok Bank London's Customer Service Department on (44-207) 929-4422, email operations@bangkokbank.co.uk, or write to Bangkok Bank PCL London Branch, Exchequer Court, 33 St. Mary Axe, London EC3A 8BY.

Fees and conversion options

The following fees are charged for fund transfers initiated via the Faster Payments Service or BACS:

Conversion Options

(Select the appropriate "clearing service accounts" or indicate your preference when registering for the service with Bangkok Bank, London)

When transferring funds
in Baht: 92 00 10 00

When transferring funds
in Pound Sterling:
92 00 20 00

Exchange rate applied

Pounds Sterling converted to Thai Baht using the London Branch's exchange rate

Pounds Sterling converted to Thai Baht using the daily TT buying rate at Bangkok

Transfer fees (Bangkok Bank London branch)

GBP 15

GBP 20

Transfer fees (Bangkok Bank Thailand)

No transfer fees

An additional international fee of 0.25% of the transferred amount will be deducted by Bangkok Bank Thailand before crediting funds to recipient account (minimum 200Bt, maximum 500Bt).


Funds will be received in Thailand the next working day after the funds are received by Bangkok Bank in London.

FAQs

1. What is Faster Payment?
Faster Payments Service
helps UK member banks make fast electronic payments between member institutions. Customers can transfer funds by phone or online banking immediately, or make regular same-day standing order payments on bank working days.

2. What is BACS?
BACS
(Bankers Automated Clearing Services) is a cost effective and secure UK nationwide electronic payment system which involves a three-day process.

3. As a sender, how will I know whether a payment can be initiated through Faster Payment or BACS?
Your UK internet banking service will give you the option. If it doesn’t give you an option, contact your bank in the UK.

4. Are there any maximum transaction limits on payment amounts that can be sent via Faster Payments Service or BACS?
Yes. The current limit is GBP100,000.00 – however most UK banks set their own limit, with the majority set at GBP10,000.00. You should contact your UK bank to find out what their limit is.

5. After I transfer funds using Faster Payment or BACS, when will the recipient account at Bangkok Bank in Thailand be credited?
Provided the details you have quoted on your payment are correct, the funds will be credited to your account in Thailand on the next working day after they are received at our London Branch. (BACS Payment involves a three-day process.)

6. How much more does it cost to receive funds via Faster Payment/BACS?
Please see the fees and conversion options table for the latest fee information.

7. Can I choose a conversion option which gives me a better rate?
You can elect to exchange your funds into THB either at our London Branch or have the funds transferred to your account in Thailand in GBP. The GDP funds can then be converted at the TT rate in Thailand (see our exchange rates for more information).

8. Can my pension/state benefit be sent via the Faster Payments Service?
Yes, you can arrange with your pension provider to send your pension via the Faster Payments Service – simply give them the relevant instructions.
If you have an account with a UK bank, you can transfer funds to your Bangkok Bank account in Thailand via our London Branch using your UK bank’s online services, or instruct your local bank in person to transfer the funds to us (via Faster Payments Service or BACS) for onward transmission. Funds will be credited to the nominated account in Thailand on the next working day after we receive them in London.

Instructions

  1. Log into your UK internet banking service or visit your local UK bank. You need to check with your bank what options are available to transfer funds or make a payment. Choose “Pay a Person” WITHIN THE UK. Do not choose “International Transfer”, otherwise the funds will be sent directly to the account in Thailand by your bank with their charges.

  2. Choose the payment method then quote the following relevant details into the appropriate field on your bank’s internet banking screen or money transfer form.
     

    Required Information

    "Clearing" Service Accounts/Details to be filled in

    Explanation

    Payee Sort Code

    60 93 98

    Bangkok Bank London branch’s 6 digit "sort code"
    Payee Account Number




    92 00 10 00
    (For Thai Baht transfers)



    OR

    • The funds from your UK bank  in Pound Sterling are converted to Thai Baht at Bangkok Bank, London, using the London Branch’s exchange rate.  The Thai Baht funds will then be transferred to the nominated account with Bangkok Bank in Thailand.
    • You will need to enter the account number of the final beneficiary into "the special instruction” field (see below).





    92 00 20 00
    (For Pounds Sterling transfers)

    • Bangkok Bank London receives the funds from your UK bank and transfers them to your account in Thailand in Pound Sterling.
    • The currency is converted from Pound Sterling to Thai Baht at Bangkok Bank, Bangkok, using its daily TT buying rate.
    • You will need to enter the account number of the final beneficiary into "the special instruction" field (see below).
    For Payee/
    Beneficiary

    First name and surname of the receiving party

    Enter the recipient’s first name and surname as shown in the recipient’s Bangkok Bank passbook. DO NOT put Bangkok Bank.
    Special Instruction
    (Payment  Reference or
    Payment Description)

    Ten-digit account number followed by BKKBTHBK

    Enter the full 10-digit Bangkok Bank account number, followed by BKKBTHBK (the SWIFT address of Bangkok Bank in Thailand).

    (e.g. 1234567890BKKBTHBK)



  3. After you correctly enter the details, funds will be transferred into the recipient’s Bangkok Bank account in Thailand the next working day after the funds are received by Bangkok Bank in London.


Please note that the final amount credited to your account will vary according to the conversion option chosen, as the exchange rates used by London Branch and Head Office in Thailand can differ.

For more information, please call Bangkok Bank London's Customer Service Department on (44-207) 929-4422, email operations@bangkokbank.co.uk, or write to Bangkok Bank PCL London Branch, Exchequer Court, 33 St. Mary Axe, London EC3A 8BY.

If you currently receive UK-based payments such as a pension, annuity or salary, you can arrange for your payments to be directly deposited into your account at Bangkok Bank in Thailand via Bangkok Bank’s London branch.

How to apply

  1. You will need to first register and obtain a unique reference number to send funds to Thailand via Bangkok Bank’s London branch. Registration can be made either in person or in writing with the following documentation and transaction details:
    • Copy of your passport – an original is preferred if visiting the London branch in person.
    • Proof of address – a recent utility bill or bank statement which bears your name and address. Original documentation will be returned upon completion of the funds transfer registration.
    • Copy of your Bangkok Bank passbook account – the account may be in your or another person’s name.
    • Details of the origin of funds – you will need to specify the name of the State/private pension provider or company where the funds originated.
    • Expected amount and frequency of funds transfers (single or recurring funds transfer) to Thailand.

  2. The London branch will post a confirmation letter to you, including the unique reference number and registered bank details.

  3. Provide the confirmation details to your state/private pension provider or company for them to process with each payment. Funds will be received in Thailand the next working day after the funds are received by Bangkok Bank in London.



For more information, please call Bangkok Bank London's Customer Service Department on (44-207) 929-4422, email operations@bangkokbank.co.uk, or write to Bangkok Bank PCL London Branch, Exchequer Court, 33 St. Mary Axe, London EC3A 8BY.

The following fees are charged for fund transfers initiated via the Faster Payments Service or BACS:

Conversion Options

(Select the appropriate "clearing service accounts" or indicate your preference when registering for the service with Bangkok Bank, London)

When transferring funds
in Baht: 92 00 10 00

When transferring funds
in Pound Sterling:
92 00 20 00

Exchange rate applied

Pounds Sterling converted to Thai Baht using the London Branch's exchange rate

Pounds Sterling converted to Thai Baht using the daily TT buying rate at Bangkok

Transfer fees (Bangkok Bank London branch)

GBP 15

GBP 20

Transfer fees (Bangkok Bank Thailand)

No transfer fees

An additional international fee of 0.25% of the transferred amount will be deducted by Bangkok Bank Thailand before crediting funds to recipient account (minimum 200Bt, maximum 500Bt).


Funds will be received in Thailand the next working day after the funds are received by Bangkok Bank in London.
1. What is Faster Payment?
Faster Payments Service
helps UK member banks make fast electronic payments between member institutions. Customers can transfer funds by phone or online banking immediately, or make regular same-day standing order payments on bank working days.

2. What is BACS?
BACS
(Bankers Automated Clearing Services) is a cost effective and secure UK nationwide electronic payment system which involves a three-day process.

3. As a sender, how will I know whether a payment can be initiated through Faster Payment or BACS?
Your UK internet banking service will give you the option. If it doesn’t give you an option, contact your bank in the UK.

4. Are there any maximum transaction limits on payment amounts that can be sent via Faster Payments Service or BACS?
Yes. The current limit is GBP100,000.00 – however most UK banks set their own limit, with the majority set at GBP10,000.00. You should contact your UK bank to find out what their limit is.

5. After I transfer funds using Faster Payment or BACS, when will the recipient account at Bangkok Bank in Thailand be credited?
Provided the details you have quoted on your payment are correct, the funds will be credited to your account in Thailand on the next working day after they are received at our London Branch. (BACS Payment involves a three-day process.)

6. How much more does it cost to receive funds via Faster Payment/BACS?
Please see the fees and conversion options table for the latest fee information.

7. Can I choose a conversion option which gives me a better rate?
You can elect to exchange your funds into THB either at our London Branch or have the funds transferred to your account in Thailand in GBP. The GDP funds can then be converted at the TT rate in Thailand (see our exchange rates for more information).

8. Can my pension/state benefit be sent via the Faster Payments Service?
Yes, you can arrange with your pension provider to send your pension via the Faster Payments Service – simply give them the relevant instructions.


"Treating Customers Fairly" Policy

Bangkok Bank’s London branch maintains an active policy of "Treating Customers Fairly", in line with industry practice and guidance by the UK Financial Service Authority. Details of the policy and a list of terms and conditions are available upon request at the branch.

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Tips/Useful Info
Faster Payments Service helps UK member banks make fast electronic payments between member institutions. Customers can transfer funds by phone or online banking immediately, or make regular same-day standing order payments on bank working days.

BACS (Bankers Automated Clearing Services) is a cost effective and secure UK nationwide electronic payment system which involves a three-day process.

Sort Code/Payee Sort Code: A six-digit number identifying the financial institution and the branch where the account is held. Sort codes are used by banks in the UK to send or receive payments through the Faster Payments Service or BACS. Bangkok Bank London Branch's 6-digit sort code is 60 93 98.

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