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Transfer money from the US to Thailand via US ACH system and Bangkok Bank’s New York branch using the IAT (International ACH Transaction) Format to the accounts of personal individuals or juristic persons maintained with Bangkok Bank in Thailand.
International fund transfer fees are lower*
Transactions processed by Bangkok Bank’s New York branch, under the same world class -security standard as Bangkok Bank in Thailand
Recipients will receive funds more quickly*
Transferring money from the US to Thailand via Bangkok Bank’s New York branch, which acts as a correspondent bank, processing inbound transactions using the IAT (International ACH Transaction) format from US banks through US ACH system to credit to recipients’ accounts maintained with Bangkok Bank in Thailand.
Available for transferring funds from the US to Thailand for many purposes:
Required information to transfer money in IAT Format for Bangkok Bank’s New York branch to process the transaction to recipient account in Thailand:
For funds transfers equivalent to 1,000,000 baht or less per transaction
Bangkok Bank’s New York branch will deduct fees depending on the transferred amount, prior to depositing funds into the recipient’s account.
Transferred Amount |
Fees |
USD 0.01 – 50.00 |
THB 100 |
USD 50.01 – 100.00 |
USD 3 + THB 100 |
USD 100.01 - 2,000.00 |
USD 5 + THB 100 |
USD 2,000.01 - 10,000.00 |
USD 10 + THB 100 |
USD 10,000.01 – below THB 1,000,000 (equivalent) |
USD 15 + THB 100 |
Notes: If the transferred amount is equivalent to 100 baht or less, the maximum fee of 99 baht per transaction will be deducted before depositing funds in the recipient ’s account.
For transfers equivalent to 1,000,000 baht or more per transaction
Bangkok Bank will deduct fees depending on the transferred amount, prior to depositing funds to the recipient’s account.
Transferred Amount |
Fees |
THB 1,000,000 (equivalent) – USD 50,000 |
USD 15 + 0.25% of the transferred value (minimum 200 baht, maximum 500 baht) |
USD 50,000.01 and above |
USD 20 + 0.25% of the transferred value (minimum 200 baht, maximum 500 baht) |
1. What is the International ACH Transaction (IAT)?
The IAT is a special code for electronic funds transfers for international payments. Bangkok Bank’s New York branch, as a financial institution that provides an international funds transfer service, must comply with regulations to monitor and screen international money transfers according to the policies and regulations of the Office of Foreign Assets Control (OFAC) under NACHA rules.
2. How can the sender know if the remitting bank offers internet banking services in IAT format?
The sender should ask for advice directly from their bank as some banks in the US may not provide the International ACH through their internet banking service.
If the remitting bank cannot provide the service, Bangkok Bank offers THB Foreign Remittance Service, in which the sender can request the US local bank to issue a cheque, deposit it in an account at Bangkok Bank’s New York branch, then remit it to Thailand. View details.
3. How much does it cost for transferring funds from the United States via the US ACH system?
Fees depend on the amount transferred per transaction. More details can be found in the fee table.
4. What currency will the recipient in Thailand receive, and what exchange rate will be used?
The recipient in Thailand will receive the funds in Thai baht at the "Buying TT Rate" of Bangkok Bank in Thailand.
4.1. For transactions equivalent to less than 1,000,000 baht per transaction:
4.2. For transactions equivalent to 1,000,000 baht or more per transaction, the exchange rate announced by the Bank at the time the funds are credited to the account will be used.